A brief switch in positions occurred during Thursday's trading session, where Alibaba's market value slipped to around $187 billion, below that of PDD at $188.3 billion
2 min read1 Dec 2023Almost 3 years since his disappearance in 2020, Jack Ma, the Alibaba founder was seen in the unlikeliest of locations. On June 29th, the high-profile Chinese billionaire was seen in Pakistan! As soon as news of what’s being called a personal visit became public, social media users started speculating about the purpose of his visit. The Express Tribune reported that Ma arrived in Lahore on June 29 and stayed there for around a day. This is his first public appearance since his whereabouts suddenly became unknown to the rest of the world in 2020.
3 Jul 2023Alibaba Group Holding Ltd. announces new Chairman and CEO, with Executive Vice Chairman Joseph Tsai as chairman and Eddie Yong as CEO, replacing Daniel Zhang.
1 min read20 Jun 2023Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg
9 Apr 2023There's been talk of a possible break-up for a while now. It seems that Chinese regulators have been concerned about the company's market power for some time.
9 Apr 2023After these units go public, Alibaba will continue to evaluate the strategic importance of these companies and will decide whether or not to continue to retain control.
1 min read30 Mar 2023There are good reasons to think a split-up Alibaba would be more valuable. In this case, politics and profits are pointing in the same direction.
2 min read29 Mar 2023Alibaba beats quarterly revenue estimates as COVID curbs ease
1 min read23 Feb 2023The announcement comes days after Chinese search giant Baidu said it would complete testing of its AI chatbot in March.
1 min read9 Feb 2023Hundsun Technologies says Jack Ma will no longer be its controller
1 min read8 Jan 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared