The Latest Breaking News from Alibaba

Alibaba Group Holding Ltd's (NYSE: BABA) DAMO Academy has gone ahead with a plan to cut a third of its workforce, the Pandaily reports.

Shares of U.S.-listed Chinese tech firms Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ: JD), and

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. 

Chinese e-commerce giants have seen more of their shares shift to the Hong Kong market as Beijing failed to impress U.S. regulators, Bloomberg reports. Bloomberg saw ~77% of JD.com Inc's (NASDAQ:JD) shares circulating in Hong Kong's clearing and settling system as of April 19, versus 44% at the 2022 beginning.  The shift highlighted…

JPMorgan Chase & Co (NYSE:JPM) lost its position as the most senior underwriter for Kingsoft Cloud Holdings Ltd's (NASDAQ:KC) Hong Kong stock offering, Bloomberg reports.  The size of the offering in Hong Kong is relatively small, amounting to ~$100 million. The change came after one of JPMorgan's analysts cut the share-price target for the…

Jack Ma founded Alibaba Group Holding Ltd (NYSE:BABA) fintech affiliate, Ant Group, is set to become the majority investor in Singapore-based payments platform 2C2P as part of a partnership, Reuters reports. The deal will integrate Ant's Alipay+ payment service with 2C2P's platform used by merchants in Asia, Europe, the Middle East, and the Americas.…

Chinese tech stocks are extending losses on Tuesday in the pre-market session, seeing further erosion of their already-weakened valuations.

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

Shares of US-listed Chinese companies – Alibaba Group Holdings Ltd. (NYSE: BABA), JD.Com Inc. (NASDAQ: JD), Nio Inc.

Alibaba Group Holding Ltd's (NYSE:BABA) VP of technology, Jia Yangqing, clarified that he did not resign from the company and had traveled from Shanghai to the U.S. to see a doctor, Global Times reports. Jia traveled from Shanghai to California, the U.S., in the middle of the night because of the situation…