Alibaba Stock News

HONG KONG (AP) Chinas largest e-commerce group Alibaba said Monday it is appointing a new chief financial officer and reorganizing its e-commerce businesses amid a regulatory crackdown in the technology industry. The company said in a statement Monday that Toby Xu will succeed Maggie Wu as its new CFO from April 1, 2022. Xu []

Alibaba Group Holding promoted Toby Xu to succeed long-standing chief financial officer Maggie Wu, and named new leaders to its commerce business, in the biggest management reshuffle for one of the worlds largest e-commerce companies as CEO Daniel Zhang seeks greater agility and strategic clarity.Xu, the deputy chief financial officer who joined the company in July 2018, will succeed Maggie Wu as the companys CFO on April 1. Wu will remain director of the board and become a member of Alibaba

Didi, Alibaba, Evergrande Crush Traders: What To Watch In China By Sofia Horta e Costa, Bloomberg analyst and reporter For traders, all the bad China news is hitting at once -- just as concern over U.S. tapering deflates the most speculative investments globally. Beijings demand that Didi delist its U.S. shares helped trigger the biggest plunge in the Nasdaq Golden Dragon China Index since 2008 on Friday. Alibaba, whose mysterious slump last week was already drawing attention, sank to its lowest level since 2017. The same day, Evergrande said it plans to actively engage with offshore creditors on a restructuring plan, suggesting it can no longer keep up with debt payments. Thats as stress returns to Chinas dollar junk bond market, with yields above 22%. Evergrande bonds trade near 20 cents on the dollar. The developments highlight the risks in betting that Chinese assets have already priced in negative news . HSBC, Nomura and UBS all turned positive on the nations stocks in October, citing reasons including cheap valuations and receding fear of regulation from Beijing.

Reuters : Alibaba says it will appoint a new CFO and reorganize its e-commerce businesses under two new divisions, one domestic and one international Alibaba Group Holding Ltd (9988.HK) said Toby Xu, will succeed Maggie Wu as the company''s chief financial officer from April, a move it described

One fund manager says Alibaba and Tencent are key "national champions" for China and lays out a strategy for investors looking at Chinese technology firms.

Alibaba Group Holding Ltd is reorganising its international and domestic The post Alibaba reorganizes its e-commerce businesses, appoints new CFO appeared first on PageOne .

Alibaba will form two new units to house its main e-commerce businesses.

Shares of the Chinese internet leader fell again after it reported soft earnings.

Liberty One Investment Management LLC increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 17.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,416 shares of the specialty retailers stock after purchasing an additional 658 shares during the quarter. Liberty []

E&G Advisors LP acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,647 shares of the specialty retailers stock, valued at approximately $392,000. Other institutional investors and hedge funds also recently made []

AJ Wealth Strategies LLC trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 11.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,550 shares of the specialty retailers stock after selling 1,101 shares during the quarter. AJ Wealth Strategies []

Japan''s Nikkei 225 jumps more than 2%; Alibaba shares in Hong Kong drop 4% CNBC