The Latest Breaking News from Alibaba Group Holding Ltd

Alibaba Group Holding Ltd's (NYSE:BABA) Alibaba Cloud and VMware Inc (NYSE:VMW) announced a jointly-developed public cloud service.  The service would aid China's enterprises to support digital innovation with lower costs and risks. Alibaba Cloud VMware Service enables China's enterprises to migrate and modernize applications faster and seamlessly move workloads between on-premises VMware environments and Alibaba…

Shares of Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA), are trading lower, possibly on continued weakness amid COVID-19 concerns in China, which have led to lockdown measures and caused economic uncertainty. 

Shares of Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA), are trading lower as investors assess the economic impact of a surge in COVID cases in China.

Alibaba Group Holding Ltd (NYSE:BABA) owned Alibaba Cloud initiated a new round of organizational restructuring, the Pandaily reports. Alibaba Cloud China President Ren Geng resigned for undisclosed reasons. Geng looked to leave as early as 2021 but stayed back.  Also Read: Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides…

Some Microsoft Corp (NASDAQ:MSFT) customers and rivals alleged that Microsoft repeatedly used its leverage over one market to hinder competition in another, Bloomberg reports.  Microsoft’s practices cut across cloud computing, where it played catch-up, and productivity software, where it dominated. The Windows operating system held a 96% share of the personal-computer market in 2021,…

UBS painted a cautious picture of Microsoft Corp (NASDAQ: MSFT) and Alibaba Group Holding Ltd (NYSE: BABA).

Alibaba Group Holding Ltd (NYSE:BABA) founder Jack Ma Yun and movie star Jet Li have quit Taiji Zen International lifestyle firm, the Global Times reports. Li stepped down as President and GM of Taiji, while Ma led Hangzhou Kunbao Investment Consultancy Co no longer remained a shareholder of the company. Taiji’s official…

HSBC analyst Charlene Liu cut the price target on Baidu Inc (NASDAQ:BIDU) to $180 from $195 (31.3% upside) and kept a Buy rating on the shares.  The analyst now assumes a worse impact from COVID-19 on the company's core ad and cloud businesses and margins, seeing a recovery only in Q4. Liu reduced the price…

China looks to rein in the potential abuse of algorithms by internet giants from ByteDance Ltd to Tencent Holdings Ltd (OTC: TCEHY), Bloomberg reports. The Cyberspace Administration of China looks to inspect how social media platforms serve up ads and content to hook users, especially the large-scale websites, platforms, and products with significant influence.…