Jack Ma: the man who changed the future of the Chinese
Exploiting China's growth to impose himself and his creature on the world stage and then disappearing from the public scene for criticising the Beijing government's choices. This is the story of Jack Ma, real name Ma Jun, who became Jack thanks
Alibaba founder Jack Ma steps out from shadows with long internal post
By Casey Hall SHANGHAI (Reuters) - Alibaba co-founder Jack Ma has penned a rare lengthy memo to employees that expresses support for the internet giant's restructuring efforts, a sign that he may be willing to take a more active role after
Alibaba plans to invest $1.1 billion in South Korea
By Shivani Tanna (Reuters) - Alibaba Group plans to invest $1.1 billion in South Korea over the next three years to build a logistics center and expand businesses, South Korean news agency Yonhap reported on Thursday, citing a business strategy document
Alibaba Cloud announces steep price cut in race for AI customers
By Josh Ye HONG KONG/SHANGHAI (Reuters) - China's Alibaba Cloud on Thursday said it will slash prices of some of its products by as much as 55%, its most severe price cut to date, amid intensifying competition to attract heavy users,
Alibaba boosts share buy back as revenues miss estimates
By Casey Hall and Harshita Mary Varghese SHANGHAI (Reuters) - China's Alibaba Group Holding on Wednesday missed analysts' estimates for third-quarter revenue, hurt by a weak retail environment and faltering economic recovery in the world's second-largest economy. U.S.-listed shares of Alibaba fell
JD.com wins antimonopoly lawsuit against Alibaba
By Sophie Yu, Li Qiaoyi, and Casey Hall BEIJING (Reuters) - Chinese online retailer JD.com said on Friday that it won a lawsuit against rival Alibaba, which was fined 1 billion yuan ($140.68 million) for monopolistic practices. The High People's Court of
Alibaba must face lawsuit in US over counterfeit Squishmallows
By Jonathan Stempel NEW YORK (Reuters) - A U.S. judge on Wednesday rejected Alibaba's bid to dismiss a lawsuit over the alleged sale by various merchants of counterfeit versions of the popular children's toy Squishmallows on its online platforms. U.S. District Judge
Belgian intelligence service monitors Alibaba hub over ‘espionage’ worry
By Jyoti Narayan (Reuters) - Belgium's intelligence service has been monitoring the main logistics hub in Europe of China's Alibaba Group Holding over concern about possible espionage, the Financial Times (FT) reported on Thursday. Referring to the company's logistics center at the
Alibaba’s outgoing CEO Daniel Zhang quits cloud business in surprise move
By Brenda Goh SHANGHAI (Reuters) - China's Alibaba Group on Sunday announced that Daniel Zhang will step down from its cloud business, in a surprise move just two months after the company said he would leave his roles as group CEO