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Cisco's Weak Forecast, Alibaba Stops Cloud Unit Spinoff | Bloomberg Technology
04:54pm, Thursday, 16'th Nov 2023
Bloomberg's Caroline Hyde and Ed Ludlow break down results from Cisco as the largest maker of computer networking equipment tumbles after earnings. Plus, Alibaba abruptly ends the planned spinoff of i
Alibaba Jettisons Cloud Spin-Off Amid Focus on AI
04:20pm, Thursday, 16'th Nov 2023
Chinese tech giant Alibaba says it will not spin off its cloud intelligence business. The decision, announced Thursday (Nov. 16) along with the company's quarterly earnings, is apparently the resul
Why Are Chinese Stocks Down Today?
04:18pm, Thursday, 16'th Nov 2023
Chinese stocks are in the red today following the high-profile meeting between President Joe Biden and Chinese President Xi Jinping. Alibaba (NYSE: BABA ), JD.com (NASDAQ: JD ), Baidu (NASDAQ: BIDU ),
Alibaba shelves cloud unit spinoff as U.S. chip export ban lingers
01:38pm, Thursday, 16'th Nov 2023
CNBC's Deirdre Bosa reports on news from Alibaba.
Alibaba ADRs Plunge After It Calls Off Cloud Spinoff Amid US Chip Restrictions
01:05pm, Thursday, 16'th Nov 2023
American depositary receipts (ADRs) of Alibaba Group Holdings (BABA) tumbled over 9% in early trading Thursday as the Chinese e-commerce giant said that it was canceling its plan to spin off its cloud
What Walmart, Alibaba declines tell about US, China consumer
01:02pm, Thursday, 16'th Nov 2023
Walmart (WMT) and Alibaba (BABA) are seeing noticeable drop-offs in their stocks on Thursday. Yahoo Finance Markets Reporter Jared Blikre analyzes what this data can help infer about American and Chin
Investors unimpressed by Biden-Xi meeting sending Chinese stocks lower
12:13pm, Thursday, 16'th Nov 2023
Chinese stocks traded lower after a highly anticipated meeting between United States President Joe Biden and Chinese President Xi Jinping yielded limited progress on key issues between the world's two
Alibaba decides not to spin out Cloud Intelligence Group
11:13am, Thursday, 16'th Nov 2023
Alibaba Group (NYSE:BABA) has decided not to spin off its cloud computing unit, Cloud Intelligence Group, due to US export restrictions on advanced computing chips. Alibaba is also postponing its li
Alibaba cancels cloud service spinoff over US chip restrictions
11:07am, Thursday, 16'th Nov 2023
Chinese e-commerce giant Alibaba said Thursday it was cancelling a planned cloud service spinoff announced this year over US chip restrictions, as it reported results for the third quarter of 2023 tha
Alibaba shares plunge amid Jack Ma's $871M sale plan
10:42am, Thursday, 16'th Nov 2023
Alibaba (NYSE: BABA) shares declined by 9% in Thursday's session following the disclosure that Jack Ma's family trust, the company's founder, intends to sell 10 million US-listed shares.
Why Are Stocks Down Today?
10:37am, Thursday, 16'th Nov 2023
Stocks are down on Thursday but it's not due to any negative news that's affecting the market today. Instead, it looks like stocks are simply taking a break from recent rallies that have sent shares h
BABA Stock Alert: Alibaba Cancels Cloud Unit Spinoff
10:03am, Thursday, 16'th Nov 2023
Alibaba (NYSE: BABA ) stock is the top-trending company on Yahoo Finance today after it canceled the spinoff of its cloud unit. The Chinese e-commerce giant made the decision because it's worried abo
Alibaba's Spinoff Plans Fall to Earth
08:39am, Thursday, 16'th Nov 2023
New York shares of the Chinese e-commerce giant were down premarket after it said it would abandon its cloud segment spinoff plan.
Alibaba pulls cloud spin-off as restructuring hopes splutter
07:52am, Thursday, 16'th Nov 2023
Alibaba Group (NYSE:BABA) has pulled plans to spin off its cloud business, and paused proposals to list its supermarket unit, throwing in doubt its restructuring plans. The Chinese e-commerce giant
Alibaba beats on profit and announces dividend, but its stock still falls
07:14am, Thursday, 16'th Nov 2023
Alibaba Group Holding Ltd. met revenue expectations for the latest quarter and announced an annual dividend, but shares of the Chinese e-commerce giant were falling 6% in Thursday's premarket action.
