BABA

Alibaba Group

Alibaba Group (NYSE: BABA) Stock Slides Following Sudden Departure of Daniel Zhang from Cloud Unit

Shares of Alibaba Group Holding Limited (NYSE: BABA) plunged -2.29% in the early trading hours Monday following the abrupt resignation of CEO Daniel Zhang as head of the China-based tech giant’s cloud computing division. The move comes as part of …

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Alibaba Group

Alibaba Group (NYSE: BABA) Stock Surges on Decision Not to Sell Shares in Ant Group’s Buyback Program

Shares of Alibaba Group (NYSE: BABA) jumped 4.54% on Monday after the company announced that it would not sell any shares in financial technology company Ant Group’s buyback program. Alibaba, holding a significant one-third share in Ant Group, clarified that …

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Alibaba Group Stock

Alibaba Group Holding Limited (NYSE: BABA) Shares Plunge Amid Fears of Massive COVID Wave in China

On Thursday, the shares of Alibaba Group Holding Limited (NYSE: BABA) experienced a significant decline of 2.99%, closing at $78.78. The sudden drop is believed to be driven by mounting concerns over a potential resurgence of COVID-19 in China. Reports …

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