China has suspended Alibaba Cloud's services for six months after failing to report about the serious Internet bug -- which has put millions of systems and devices at hacking risk
Alibaba CEO Daniel Zhang said in a separate presentation Friday that the company sees a huge potential in the international markets going forwards
Chinese e-commerce major Alibaba has fired an employee who accused her boss and a client of sexually assaulting her on a business trip after getting her drunk
Shares of the e-commerce giant advanced as much as 12% on Tuesday
It's creating two digital commerce teams, each for international and domestic markets
The changes come as Alibaba faces headwinds on multiple fronts, including increased competition, a slowing economy and a regulatory crackdown
Chinese tech giants including Alibaba Group and Tencent Holdings were fined Saturday for failing to report corporate acquisitions
Alibaba now expects revenue for the year ending in March to rise between 20% and 23%, the slowest pace since its 2014 stock market debut
The company contributed $1.4 bn to Alibaba Group Holding's earnings
China's big tech companies have also been under pressure as the country's regulators clamped down on powerful players
Alibaba tallied 540.3 billion yuan (USD84.5 billion) in spending over the festival that spanned Nov. 1 to Nov. 11, the company said Thursday
Last year, the company racked up $74 billion in GMV over the event's 11 days.
Alibaba Group turned China's informal Singles' Day into a shopping event in 2009 and built it into the world's biggest online sales fest
Despite a 30 per cent recovery from Oct. 5, the stock is still 43 per cent lower than its October 2020 peak.
Li, who earned his nickname by trying on various makeup products on his show, pre-sold 12 billion yuan in products ranging from Shiseido lotions to Apple AirPods
Ma is abroad for a series of business meetings, including a tour of the agricultural industry and environmental technology in Spain
Before flying to Europe, Ma was in Hong Kong to spend low-key private time with his family.
Alibaba is one of a number of Chinese firms that has answered Beijing's call to invest in the development of cutting-edge technologies and manufacturing capacities.
In a more macro way, the firm's woes are bringing to the fore China's wide-scale regulatory crackdown across most of its businesses, starting with technology giant Alibaba
China's industry ministry has told technology companies including Alibaba Group Ltd and Tencent Holdings Ltd to stop blocking each other's website links from their platforms: report