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Joe Tsai

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Alibaba Cloud’s latest initiative reflects the company’s efforts to attract more customers in major markets amid headwinds from geopolitical tensions. Photo: Bloomberg

Alibaba’s cloud computing unit to close data centres in Australia and India

Alibaba Cloud’s updated infrastructure strategy prioritises expansion in Southeast Asia and Mexico.

  • Alibaba Cloud is set to build new facilities in Mexico, Malaysia, the Philippines, Thailand and South Korea over the next three years

China’s Didi Chuxing says it has no timetable for Hong Kong IPO

Alibaba’s Taobao, Tmall show strong sales momentum during 618 shopping festival

Mainlanders could get to buy Alibaba shares by September 9: Morgan Stanley

The e-commerce giant could join the Stock Connect cross-border trading scheme as early as September 9, opening the door to mainland investors, according to Morgan Stanley.

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The inclusion in Stock Connect could potentially provide some liquidity and valuation support to Alibaba, whose Hong Kong-listed shares have been lagging the broader market so far in 2024. Photo: AP

Alibaba’s convertible bond sale to fund buy-backs ‘oversubscribed’

The Chinese tech giant is selling up to US$5 billion worth of convertible bonds, while company leaders set e-commerce and cloud computing as its core businesses in a move ‘towards strategic clarity’.

China’s e-commerce market still has ‘ample room’ for growth: JPMorgan analyst

The mainland’s e-commerce sector achieved a 12 per cent overall growth in the March quarter, according to data from JPMorgan.

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Alibaba sees most profitable year since 2021 amid a refocus on core businesses

Alibaba net income rose 10 per cent to US$11 billion in the 2023 financial year, the first annual results since co-founder Joe Tsai took over as chairman.

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Alibaba’s signage atop one of the company’s offices in Beijing on February 6, 2024. Photo: Bloomberg

Alibaba strengthens commitment to open-source development of AI model

The company’s latest AI push could fuel further debate on whether China can continue relying on open-source development, instead of bolstering its own tech ecosystem.

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Alibaba reorients business, rejigs overhaul after catalogue of mistakes

Alibaba scales back an ambitious business overhaul plan and bids farewell to a turbulent year, as its founders call on employees to embrace changes.

Alibaba’s AliExpress pushes subsidies to get more Chinese brands to sell abroad

Subsidies will be given to an initial batch of 1,000 Chinese brands and merchants who sign up for the AliExpress programme.

The latest AliExpress campaign shows how competition from China-founded online retailers Temu and Shein has raised the stakes for Alibaba Group Holding’s expansion efforts overseas. Photo: Shutterstock

Alibaba Cloud cuts prices for international customers amid global AI race

Alibaba is cutting prices by as much as 59 per cent for international users of its compute, storage, network, database and big data products.

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Alibaba Cloud is cutting prices for international customers using servers in China as it seeks to compete with global tech giants amid surging AI-driven demand for compute services. Photo: Reuters

China trails US in AI development ‘by two years’: Alibaba’s Joe Tsai

Alibaba chairman Joe Tsai said US chip export restrictions to China have ‘definitely affected’ mainland tech firms, including the e-commerce giant’s cloud computing business.

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Alibaba’s Cainiao to double year-end bonus for employees after scrapped IPO

E-commerce logistics giant Cainiao will launch an ‘entrepreneurship incentive plan’ that will double the bonus pool allocated for its financial year ending March 31, 2025.

Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao

Alibaba has scrapped the planned Hong Kong IPO for its logistics unit Cainiao, deciding to double down on its investment in the strategically important unit.

Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao. Photo: SCMP/Simon Song

Hong Kong launches ‘Financial Mega Event Week’ in bid for more foreign investors

The mega event week reflects the Hong Kong government’s heightened efforts to buttress the city’s status as an international financial hub.

Hong Kong’s Financial Secretary, Paul Chan Mo-po, addresses the launch ceremony of the city’s “Financial Mega Event Week” at the Central Government Offices in Tamar on March 7, 2024. Photo: Edmond So

Alibaba’s cloud computing unit slashes prices by up to 55% on 100 core products

The initiative seeks to ‘lower the threshold of cloud services for more enterprises and developers’ in mainland China, where artificial intelligence development projects are driving demand.

From Chelsea to Bayern Munich, brands eye China’s recovering sports market

Policy support measures and post-Covid sports activities have contributed to growth, executives say at an industry summit in Macau attended by Yao Ming and Dwyane Wade.

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Macau basketball game pits pros against celebrities

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Macau poised to drive development of bay area’s sports industry, summit hears

Macau is setting the stage to become a key driver of the Greater Bay Area’s sports sector, as the city looks to tap its tourism strengths and expand its economy beyond the gaming industry, a conference heard.

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Japan’s SoftBank concludes run as Alibaba’s biggest shareholder

SoftBank expects to book US$8.5 billion, about 425 times the value of its initial Alibaba investment, for its 2024 financial year after divesting more than 500 million shares in the e-commerce giant.

Exclusive | Jack Ma, Joe Tsai replace SoftBank as Alibaba’s largest shareholders

The combined stakes of the two co-founders eclipsed SoftBank Group, which has reduced its shares in Alibaba through a series of forward contracts.

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Joe Tsai (first left) and Jack Ma (second left) during the initial public offering of Alibaba Group Holding on the New York Stock Exchange on September 19, 2014. Photo: Reuters.

Alibaba reassures on Jack Ma share sales plan and quashes lay-off rumours

Chief people officer Jane Jiang said in an internal letter rumours of 25,000 lay-offs are false and that the matter has been reported to the police.

Alibaba has denied rumours that it plans to lay off off 25,000 employees. Photo: AP

Alibaba cancels cloud unit spin-off over US export curbs on AI chips

The company has also put on hold its listing plan for supermarket chain Freshippo, a decision that it announced along with its latest quarterly earnings.

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China’s eastern Zhejiang province reassures support for new Alibaba leadership

Senior officials of eastern Zhejiang province called on Alibaba’s top management, led by new chairman Joe Tsai, to boost investment in frontier tech research and promote innovation in digital technology.

Alibaba’s cloud unit unveils new industry-specific tools built on its AI model

The new artificial intelligence tools, which Alibaba Cloud calls proprietary models, are built on the firm’s updated AI large language model Tongyi Qianwen 2.0.

The logo of Alibaba Cloud’s artificial intelligence large language model, Tongyi Qianwen, is seen on a smartphone screen on April 11, 2023. Photo: Shutterstock

Alibaba’s cloud unit now serves 80% of Chinese tech companies

Alibaba co-founder and chairman Joe Tsai says the company’s cloud unit aims to be the most open ‘in the era of AI’.

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Alibaba Group Holding co-founder Joe Tsai delivers his first public speech as the e-commerce giant’s new chairman at the opening of the annual Apsara Conference in Hangzhou, capital of eastern Zhejiang province, on October 31, 2023. Photo: Weibo

TSMC founder Morris Chang’s major worry: US-China decoupling

A split between the world’s two biggest economies would not only harm China, it would ‘slow down everybody’, says Chang.

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Alibaba’s Cainiao to heat up China’s logistics industry after US$1 billion IPO

About a decade after Alibaba founder Jack Ma pushed forward its creation, Cainiao has become one of the world’s top logistics services providers and a big opportunity for global investors when it lists in Hong Kong.

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Joe Tsai
Joe Tsai is chairman of Alibaba Group. Tsai joined the Alibaba Group in 1999 as a member of the founding team.
last updated:
19 August, 2024
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