Tag: Alibaba US listed stock

Alibaba's U.S.-listed stock rose by 3.5% in premarket trading on Thursday following the company's quarterly earnings report. The company posted its highest revenue since September 2021. Revenue for the quarter ended June 30 was 234.16 billion Chinese yuan ($32.29 billion); a 14% year-on-year rise that...

Chinese e-commerce giant Alibaba announced on Tuesday that it would be splitting into six separate units. As a result of restructuring, the company will now consist of the following business group—Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group,...