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Alibaba shares soar 15% in Hong Kong on news of major overhaul

March 28, 2023 · Business

Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on Tuesday, Jan. 17, 2023. Bloomberg | Bloomberg | Getty Images Hong Kong-listed shares of Alibaba surged…

Alibaba to split into 6 units and explore IPOs; shares up 14% in the U.S.

March 28, 2023 · World News

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth…