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The Latest Breaking News from Daniel Zhang

Stocks Slip, Barr Testimony, Lyft Leaps, Occidental Buffett Boost, Alibaba Plans Split - Five Things To Know

Stock futures slip lower as bank sector worries clip sentiment; Fed supervisor Barr to face Senate lawmakers on SVB collapse; Lyft shares leap as founders step aside for new CEO David Risher; Occidental shares jump as Warren Buffett adds more shares to holding and Alibaba shares spike on plans to…

The Street

Alibaba to split into six units

Alibaba Group Holding Ltd has announced plans to split its $220-billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or an initial public offering (IPO) when the time is right.

Bangkok Post

China Internet Stocks Buffeted By Tough Challenges, Slowing Growth

China internet stocks, including Alibaba, JD.com and Tencent, are facing a long list of challenges that have slowed revenue growth.

Investors Business Daily

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Man gets 18-month term for sex assault of Alibaba employee

A Chinese court has sentenced a man to 18 months in prison after an Alibaba employee went public about being sexually assaulted at a business dinner

The Independent UK

Alibaba Names Proven Leader As New Lazada Chief

Alibaba Group Holding Limited (NYSE:BABA) replaced Lazada Group CEO Chun Li with the head of its Thailand business, signifying brewing competition in Southeast Asia, Bloomberg reports. Lazada's new leader James Dong was also a one-time business assistant to Alibaba CEO Daniel Zhang before joining Lazada as its CEO for Thailand in 2018. In…

Benzinga

Alibaba Continues Restructuring; CEO Daniel Zhang Steps Down From Tmall, Taobao

Alibaba Group Holding Ltd (NYSE:BABA) Chair and CEO Daniel Zhang stepped down as Chairman and General Manager of Zhejiang Tmall Technology Co., Ltd. and Taobao (China) Software Co., Ltd, the Pandaily reports. Trudy Dai will succeed Zhang. There are currently 16 companies under Zhang’s name, six of which he holds the position…

Benzinga

Here's What Happened Between China Regulator And Alibaba, Tencent

The Cyberspace Administration of China (CAC) said its official publication had carried out interviews with companies like Tencent Holdings Ltd (OTC:TCEHY), Alibaba Group Holding Ltd (NYSE:BABA), and TikTok parent ByteDance, Reuters reports. The interviews followed the January 28 meeting held with 27 firms to discuss "healthy and sustainable" development. Tencent founder and CEO Pony Ma…

Benzinga

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Hologram of IOC’s Bach Hands over ‘Torch’ in Virtual Relay

After days of face to face diplomacy at the Beijing 2020 Winter Olympics, it was time for the holograms to take over on Sunday. A life-size image of International Olympic Committee president Thomas Bach virtually handed an Olympic torch to a similar hologram of the chief executive of tech giant…

Asharq Al-Awsat

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