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Alibaba's Ex CEO Resigns As Jack Ma's Lieutenants Take Up Positions
Alibaba Group Holding Ltd.'s former chief Daniel Zhang has decided to quit just months after agreeing to lead its cloud division, introducing another layer of uncertainty to China's largest e-commerce company.
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Alibaba's Ex-CEO Quits Cloud Business In Surprise Move
China's Alibaba Group said on Sunday that Daniel Zhang will step down from its cloud business, in a surprise move just two months after the company announced he would leave his roles as group CEO and chairman to focus on the cloud unit.
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Alibaba Appoints Eddie Wu as New CEO; Joseph Tsai to Be New Chairman Starting September 10
Chinese tech giant Alibaba said Tuesday it will replace chairman and CEO Daniel Zhang with Joseph Tsai as chairman and Eddie Wu as CEO. Both appointments will take effect on September 10.
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Chinese Tech Giant Alibaba Names Next CEO
Chinese tech giant Alibaba announced on Tuesday that it will replace chairman and CEO Daniel Zhang with current executive vice chairman Joseph Tsai in September.
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GameStop Ousts CEO, Posts Bigger-Than Expected Quarterly Loss
Ryan Cohen, the billionaire investor whose bold bet on GameStop made him a hero to meme stock traders, took over as executive chairman on Wednesday after the video game retailer ousted its CEO and posted a bigger-than expected quarterly loss. Investors pushed the stock price down more than 20 percent in after-hours trading, continuing a roller-coas...
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Alibaba to Monetise Non-Core Assets, Decide on Control of New Business Units After Breakup
Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70 percent off its shares.
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With Alibaba Stake Cut, SoftBank's CEO Cools Toward China Tech
SoftBank Group Corp's decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at shoring up cash reserves, but it also underlines how CEO Masayoshi Son has cooled on China tech.
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Paytm Slips 6 Percent on Questions Over CEO Reappointment, Regulatory Fears
Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...
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SoftBank Doubles Down With Buy Back After $10 Billion Vision Fund Hit
Softbank’s Vision Fund has taken a $10 billion hit from a decline in share prices of its portfolio companies and China's regulatory crackdown on tech firms.
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Alibaba Says Does Not Expect Material Impact From $2.75-Billion Antitrust Fine
Alibaba does not expect any material impact from changes to its exclusivity arrangements with merchants, CEO Daniel Zhang said, after regulators fined the e-commerce giant for abusing its market dominance.
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Lower Entry Barriers After Record Antitrust Fine: Alibaba As Shares Rally
China's Alibaba does not expect any material impact from changes to its exclusivity arrangements with merchants, CEO Daniel Zhang said on Monday, after regulators fined the e-commerce giant a record $2.75 billion for abusing its market dominance.
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Believe Jack Ma Is "Safe and Sound," Says Equity Firm CEO
The chairman of private equity firm Primavera Group, which counts China's Ant Group among its portfolio companies, believes the financial technology giant's founder Jack Ma is "safe and sound", and said that he remains optimistic about the company.
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US Considers Adding Alibaba, Tencent To China Stock Ban: Report
Targeting Asia's two most valuable companies, worth a combined $1.3 trillion, would be U.S. President Donald Trump's most dramatic step yet in a recent raft of measures unleashed against Chinese companies as he seeks to cement his hardline policy against Beijing during his final days in office
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Alibaba’s Ant Group Faces Regulatory Pressure Ahead of Record IPO
Ant Group is facing growing Chinese pressure over potential risks in its online lending business, with co-founder Jack Ma and other executives summoned to an unusual meeting with regulators just ahead of its record-breaking IPO this week.
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SoftBank CEO Masayosh Son Steps Down From Alibaba Board After 15 Years
SoftBank Group founder Masayoshi Son announced Thursday he was leaving the board of Alibaba as Jack Ma, the charismatic co-founder of the Chinese e-commerce giant, also leaves SoftBank's board.
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Alibaba's Ex CEO Resigns As Jack Ma's Lieutenants Take Up Positions
Alibaba Group Holding Ltd.'s former chief Daniel Zhang has decided to quit just months after agreeing to lead its cloud division, introducing another layer of uncertainty to China's largest e-commerce company.
-
Alibaba's Ex-CEO Quits Cloud Business In Surprise Move
China's Alibaba Group said on Sunday that Daniel Zhang will step down from its cloud business, in a surprise move just two months after the company announced he would leave his roles as group CEO and chairman to focus on the cloud unit.
-
Alibaba Appoints Eddie Wu as New CEO; Joseph Tsai to Be New Chairman Starting September 10
Chinese tech giant Alibaba said Tuesday it will replace chairman and CEO Daniel Zhang with Joseph Tsai as chairman and Eddie Wu as CEO. Both appointments will take effect on September 10.
-
Chinese Tech Giant Alibaba Names Next CEO
Chinese tech giant Alibaba announced on Tuesday that it will replace chairman and CEO Daniel Zhang with current executive vice chairman Joseph Tsai in September.
-
GameStop Ousts CEO, Posts Bigger-Than Expected Quarterly Loss
Ryan Cohen, the billionaire investor whose bold bet on GameStop made him a hero to meme stock traders, took over as executive chairman on Wednesday after the video game retailer ousted its CEO and posted a bigger-than expected quarterly loss. Investors pushed the stock price down more than 20 percent in after-hours trading, continuing a roller-coas...
-
Alibaba to Monetise Non-Core Assets, Decide on Control of New Business Units After Breakup
Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70 percent off its shares.
-
With Alibaba Stake Cut, SoftBank's CEO Cools Toward China Tech
SoftBank Group Corp's decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at shoring up cash reserves, but it also underlines how CEO Masayoshi Son has cooled on China tech.
-
Paytm Slips 6 Percent on Questions Over CEO Reappointment, Regulatory Fears
Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...
-
SoftBank Doubles Down With Buy Back After $10 Billion Vision Fund Hit
Softbank’s Vision Fund has taken a $10 billion hit from a decline in share prices of its portfolio companies and China's regulatory crackdown on tech firms.
-
Alibaba Says Does Not Expect Material Impact From $2.75-Billion Antitrust Fine
Alibaba does not expect any material impact from changes to its exclusivity arrangements with merchants, CEO Daniel Zhang said, after regulators fined the e-commerce giant for abusing its market dominance.
-
Lower Entry Barriers After Record Antitrust Fine: Alibaba As Shares Rally
China's Alibaba does not expect any material impact from changes to its exclusivity arrangements with merchants, CEO Daniel Zhang said on Monday, after regulators fined the e-commerce giant a record $2.75 billion for abusing its market dominance.
-
Believe Jack Ma Is "Safe and Sound," Says Equity Firm CEO
The chairman of private equity firm Primavera Group, which counts China's Ant Group among its portfolio companies, believes the financial technology giant's founder Jack Ma is "safe and sound", and said that he remains optimistic about the company.
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US Considers Adding Alibaba, Tencent To China Stock Ban: Report
Targeting Asia's two most valuable companies, worth a combined $1.3 trillion, would be U.S. President Donald Trump's most dramatic step yet in a recent raft of measures unleashed against Chinese companies as he seeks to cement his hardline policy against Beijing during his final days in office
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Alibaba’s Ant Group Faces Regulatory Pressure Ahead of Record IPO
Ant Group is facing growing Chinese pressure over potential risks in its online lending business, with co-founder Jack Ma and other executives summoned to an unusual meeting with regulators just ahead of its record-breaking IPO this week.
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SoftBank CEO Masayosh Son Steps Down From Alibaba Board After 15 Years
SoftBank Group founder Masayoshi Son announced Thursday he was leaving the board of Alibaba as Jack Ma, the charismatic co-founder of the Chinese e-commerce giant, also leaves SoftBank's board.
