Posts filtered by tags: Daniel Zhang[x]


 

Alibaba beats as its user base sees big growth (BABA)

Alibaba's fourth-quarter results beat on both the top and bottom lines. The e-commerce giant sees full-year revenue of over 500 billion Chinese yuan. Analysts surveyed by Bloomberg were expecting full-year revenue of 509 billion yuan. Shares were up about 1% ahead of Wednesday's opening bell. Watch Alibaba trade live. Alibaba on Wednesday morning posted fourth-quarter results that topped Wall Street estimates, but gave disappointing full-year revenue guidance. Shares were up about 1% ahead o...
Tags: China, Trends, Tesla, Bloomberg, Alibaba, Taobao, Baba, Daniel Zhang


Alibaba returns to growth with revenue up 51% to $13.9 billion

It’s business as usual for Alibaba after the Chinese e-commerce giant bounced back from a lackluster Q3 — which saw its slowest growth for three years. For Q4, the company saw revenue surge 51 percent year-on-year to reach 93.5 billion RMB, or $13.9 billion. That revenue beat analyst expectations of 91.5 billion RMB, according to Barons, and net income came in at 23.38 billion RMB, or $3.48 billion. Alibaba positions itself as the gateway to Chinese consumers, and it continues to grow. The compa...
Tags: Startups, Asia, China, Southeast Asia, Digital, E-commerce, Ceo, Economy, Alibaba, Tencent, Alipay, Alibaba Group, AliExpress, Idc, Online Marketplaces, Taobao


Alibaba results beat analyst estimates

Chinese e-commerce leader Alibaba on Wednesday announced revenue for the latest quarter that beat analyst estimates, indicating that the Sino-US trade tiff and a slowing domestic economy were having little impact on the bottom line. Revenue for the January-March period rose 51 percent year on year to 93.5 billion yuan ($13.6 billion), a company statement said, outpacing an average analyst estimate of 91.7 billion yuan compiled by Bloomberg News. "Our cloud and data technology and tremendous tr...
Tags: News, China, US, Alibaba, Bloomberg News, Daniel Zhang


Alibaba, Ant Said to Form Oversight Body to Tighten Control

China’s top online retailer and its biggest internet financial services giant will create a so-called “new economy body,” headed up by Alibaba Chief Executive Officer Daniel Zhang. Ant Financial Chairman Eric Jing will be his deputy, the people said. The move creates a high-powered team to stand watch over the financial and commerce empire founded by billionaire Jack Ma, and comes as Alibaba prepares to take a one-third equity stake in its affiliate.
Tags: Science, China, Alibaba, Jack Ma, Eric Jing, Daniel Zhang, Alibaba Ant Said


Alibaba, Ant Are Said to Form Oversight Group to Tighten Control

China’s top online retailer and its biggest internet financial services giant will create a so-called “new economy body,” headed up by Alibaba Chief Executive Officer Daniel Zhang. Ant Financial Chairman Eric Jing will be his deputy, the people said. The move creates a team of high-powered people to stand watch over the financial and commerce empire founded by billionaire Jack Ma, and comes as Alibaba prepares to take a third of its affiliate.
Tags: Science, China, Alibaba, Jack Ma, Eric Jing, Daniel Zhang


Alibaba CEO rules out layoffs this year

Alibaba Group Holding Ltd expects to avoid layoffs this year despite China's economic slowdown, CEO Daniel Zhang said on Friday.
Tags: Money, China, businessNews, Alibaba, Alibaba Group Holding Ltd, Daniel Zhang


Alibaba jumps after seeing a big boost from the cloud (BABA)

Alibaba beat on earnings, but missed on sales. The company's core commerce increased 40% year-over-year and its cloud computing increased a whopping 84% YoY. Watch Alibaba trade live. Alibaba, China's biggest e-commerce site, was up more than 3% early Tuesday after posting better-than-expected profits for the third quarter. But, quarterly revenue fell short of Wall Street estimates amid China's economic slowdown.  The tech giant said it earned 12.19 Chinese yuan a share ($1.77), topping the ...
Tags: China, Trends, Bloomberg, Alibaba, Marie Kondo, Alibaba China, Daniel Zhang


Alibaba Beats Estimates After Day of Disaster for China Earnings

Alibaba’s results came after a stunning day for China when at least 20 companies warned investors that full-year earnings would lag expectations. China is showing signs of further deterioration, hurting the consumer demand that Alibaba’s e-commerce businesses rely on. On Wednesday, Chief Executive Officer Daniel Zhang told analysts those new initiatives as well as a global expansion should help offset the impact of an economic slowdown.
Tags: Science, China, Alibaba, Daniel Zhang


China slowdown weighs on revenue growth at internet giant Alibaba

Internet giant Alibaba saw its revenue growth slow in the final three months of last year, in quarterly results likely to stir up concerns over the weaker China market, recently signalled to by US tech giants.  Alibaba saw net income jump 33pc to 30.96bn yuan (£3.5bn) in the three months to the end of December, and revenue rose 41pc to 117.28bn yuan. However, shares dipped in New York trading, down 1.3pc, as investors took the results as a sign growth was waning, given Alibaba's revenue had ...
Tags: New York, News, China, US, Alibaba, Evans, Michael Evans, Bernstein, NVIDIA Apple, US China, Apple Intel, Daniel Zhang, David Dai, Masaaki Kanno, Sony Financial Holdings


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Friday. Apple laid off 200 people from its secretive self-driving car unit Project Titan. CNBC reported that the layoffs were billed internally as a restructure after two executives joined Titan late last year. Google quietly urged the US government to narrow legal protections for workers organising online, Bloomberg reported. Current rules allow employees to use their workplace email to circulate petitions or have discussions about for...
Tags: Google, Facebook, Mark Zuckerberg, Beyonce, Buzzfeed, China, Softbank, US, Trends, Bloomberg, Netflix, Alibaba, Huffington Post, Journal, Cnbc, Alexa


One of the most powerful CEOs in China hinted that Trump's trade war wouldn't hurt its 'self-sufficient' market of 1 billion consumers

The CEO of Alibaba, Daniel Zhang, downplayed the impact of President Trump's trade war on China and said the country can become a self-sufficient market of one billion consumers. Alibaba is the seventh most valuable company in the world, and the second most valuable firm in China, with a market cap of $394 billion. Zhang said Chinese consumers were accustomed to saving money, giving them higher spending power than counterparts in the US and Europe. China's household debt-to-GDP ratio is indeed...
Tags: Apple, Google, Facebook, Microsoft, China, US, Trends, Davos, Alibaba, Donald Trump, Trump, Zhang, US Europe, Allianz, Europe China, Jair Bolsonaro


Alibaba Group takes majority control of loss-making movie unit Alibaba Pictures with $160M share purchase

Alibaba Group announced today that it will increase its stake in Alibaba Pictures from 49% to 50.92%, making it the loss-making movie production company’s controlling shareholder. Under the agreement, Alibaba Pictures will issue one billion new shares, priced at HKD $1.25 each share for a total of HKD $1.25 billion (about $160 million), to Alibaba Group. The announcement of Alibaba Group’s new share purchases comes the week after Alibaba Pictures chairman and chief executive officer Fan Lu...
Tags: TC, Movies, Entertainment, China, Tech, Alibaba, Alibaba Group, Group, Hkd, Yang, Alibaba Pictures, Daniel Zhang, Fan Luyuan, Yang Weidong, Youku Alibaba Group, Youku Damai


Alibaba's Singles Day made e-commerce history — but the numbers also suggest China's economy is cooling down (BABA)

Alibaba made e-commerce history on Sunday, recording $30.8 billion in sales in 24 hours at the its Singles Day celebration. But the annual growth rate dropped from 39% to 27%, the smallest gain in the event's 10-year history.  This comes as China, the world's second-largest economy, cools down amid deleveraging and ongoing trade tensions with the US. Watch Alibaba trade live. The Chinese e-commerce giant Alibaba's Singles Day event on Sunday  was the biggest  online-shopping day in history ,...
Tags: China, US, America, Trends, Alibaba, Mariah Carey, Jack Ma, Taobao, Trump, Cirque Du Soleil, Zhang, Baba, China Alibaba, Bloomberg Alibaba, Daniel Zhang, Jason Helfstein


Alibaba Singles Day Breaks Records With $30.8 Billion in Sales

Alibaba Group’s 10th annual Singles Day sale on 11/11 racked up $30.8 billion (RMB213.5) in sales, and set a new record for the platform with a 27% rise over last year’s $25.3 billion take. The largest e-commerce day in the world has just concluded — China’s 11.11, or Singles Day — and Alibaba has already reported record-breaking sales of $30.8 billion within the past 24 hours. via @Forbes @HelloFrankLavin https://t.co/OznAetn36i — Alibaba Group (@AlibabaGroup) November 12, 2018 A total of ...
Tags: Amazon, China, Advertising, US, Bloomberg, Alibaba, Alipay, Alibaba Group, Michael Evans, Nike Adidas, Joe Tsai, Daniel Zhang, Elizabeth Paton, Apple Dyson Kindle Gap Estée Lauder, Mimrah Mahmood, Meltwater APAC


Alibaba’s singles day global shopping festival 2018 generated $30.8 billion in 24 hours

Alibaba Group has announced that it generated RMB 213.5 billion that is equivalent to $30.8 billion of gross merchandise volume on November 11th on the occasion of the singles day. This is an increase of 27% compared to 2017. That's a wrap on 11.11 2018! GMV: RMB 213.5 billion, or USD 30.8 billion. pic.twitter.com/isGa7diREM — Alibaba Group (@AlibabaGroup) November 11, 2018 The total GMV settled through Alipay is around RMB 213.5 billion (US$30.8 billion), an increase of 27% compared to 201...
Tags: Japan, News, China, Germany, Blogging, Alibaba, Alipay, Alibaba Group, Vietnam, Lazada, Cainiao Network, Daniel Zhang, Adidas Top, United States South Korea Australia


Alibaba sets new Singles’ Day record with $31B in sales, but growth is slowing

Alibaba scored another blockbuster Singles’ Day after customers around the world shopped in stores and online on the tenth edition of its November 11 shopping festival. That puts this year’s gross merchandise volume – a measure for the dollar value of total transactions – at a staggering $30.8 billion, although the company recorded its lowest-ever annual growth rate for the event. The figure makes the spending bonanza more than twice the size of Cyber Monday and Black Friday combined in 2017. Th...
Tags: TC, Ecommerce, Asia, China, Southeast Asia, Tech, E-commerce, Ceo, Alibaba, Singles' Day, JD.com, Alibaba Group, Voice, Jack Ma, Online Marketplaces, Youku


Alibaba slides ahead of its Singles Day shopping event (BABA)

Alibaba will hold its Singles Day shopping event on Sunday. November 11 was originally a Chinese holiday for singles, and Alibaba has turned it into the world's largest online shopping festival. Alibaba recently reported quarterly results that missed on revenues.The company also slashed its sales guidance in the wake of China's slowing economic growth. Watch Alibaba trade in real time here. Alibaba, the largest e-commerce site in China, dropped 3% Friday as traders positioned themselves ahead...
Tags: Amazon, China, US, Trends, Alibaba, Jack Ma, Taobao, Ma, Bloomberg Alibaba, Daniel Zhang


Singles’ Day: China’s $25 billion shopping festival explained

This Sunday is November 11, an auspicious date within the Chinese tech community because it marks Singles’ Day, the world’s largest online shopping day. This year is particularly poignant because it will be the tenth edition of the annual event — also known as Double Eleven — since it was created by Alibaba, the Chinese e-commerce giant. Singles’ Day is huge business today. Alibaba sold more than $25 billion in goods last year as 11.11 moved outside of China into other regions within Asia and be...
Tags: TC, Ecommerce, Asia, New York, China, Russia, Southeast Asia, India, Tech, Nike, Cnn, Alibaba, Singles' Day, Starbucks, Alipay, Ant Financial


Single’s Day: China’s $25 billion shopping festival explained

This Sunday is November 11, an auspicious date within the Chinese tech community because it marks Single’s Day, the world’s largest online shopping day. This year is particularly poignant since it will be the tenth edition of the annual event — also known as Double Eleven — since it was created by Alibaba, the Chinese e-commerce giant. Single’s Day is huge business today. Alibaba sold more than $25 billion in goods last year as 11.11 moved outside of China into other regions within Asia and beyo...
Tags: Travel, TC, Ecommerce, Asia, New York, China, Russia, Southeast Asia, India, Nike, Cnn, Alibaba, Starbucks, Alipay, Ant Financial, Jack Ma


Alibaba founder Jack Ma secretly reduced his control of business licenses before announcing his retirement (BABA)

Alibaba founder and executive chairman Jack Ma announced last month that he will step down in September 2019. Nearly two months before announcing his retirement, Ma curtailed his control of Alibaba's Variable-Interest Entities — which holds the company's key China business licenses, the Wall Street Journal reported. The reduced role of Jack Ma in VIE is a positive sign for investors, analysts said. Watch Alibaba trade in real time here. Alibaba founder and executive chairman Jack Ma reduced ...
Tags: China, Trends, Alibaba, Ibm, Jack Ma, Wall Street Journal, Hangzhou, Jefferies, WSJ, Phil Libin, Ma, Sina, Daniel Zhang, Karen Chan, Alibaba Partnership, Variable Interest Entities


Alibaba goes big on Russia with joint venture focused on gaming, shopping and more

Alibaba is doubling down on Russia after the Chinese e-commerce giant launched a joint venture with one of the country’s leading internet companies. Russia is said to have over 70 million internet users, around half of its population, with countless more attracted from Russian-speaking neighboring countries. The numbers are projected to go as, like in many parts of the world, the growth of smartphones brings more people online. Now Alibaba is moving in to ensure it is well placed to take adva...
Tags: Fundings & Exits, Asia, Europe, China, Russia, Southeast Asia, India, Funding, Social Media, Tech, Turkey, E-commerce, Ceo, Economy, Smartphones, Mail


Alibaba slides after its chairman announces he'll step down in a year (BABA)

Alibaba shares dropped after the company announced that Jack Ma, its co-founder and executive chairman, will step down in a year. CEO Daniel Zhang will succeed Ma, who will remain a permanent member of the Alibaba Partnership after retirement. Jefferies analysts said the 12-month timeframe would enable a smooth transition with lower "key-man risk" following Ma's reduced role in Alibaba. Watch Alibaba trade in real-time here. Shares of Alibaba dropped 1.7% Monday ahead of the opening bell ...
Tags: Apple, Trends, Bloomberg, Bill Gates, Alibaba, Jack Ma, Jefferies, CHAN, Ma, Daniel Zhang, Alibaba Partnership, Zhang Alibaba, Alibaba Watch Alibaba, Mr Ma, Alibaba Karen Chan, Alibaba Partnership Jack Ma


Daniel Zhang to succeed Jack Ma as Alibaba chairman next year

Chinese conglomerate Alibaba has officially announced that Daniel Zhang, CEO will succeed Jack Ma as chairman of the board, starting September 10, 2019. Meanwhile, Jack Ma will continue as executive chairman at Alibaba over the next 12 months and will stay on the Alibaba board of directors until the 2020 annual shareholders meeting. Moreover, Ma is planning to focus on philanthropy, education and also said to pursue new dreams. Ma stepped down as CEO in 2013, handing the position over to Jon...
Tags: News, Blogging, Alibaba, Jack Ma, Ma, Daniel Zhang, Zhang Alibaba, Jonathan Lu Then Lu, Forbes Alibaba, Alibaba Group While


Spotlight on Alibaba CEO Zhang as Jack Ma starts retirement countdown

Unlike his charismatic boss, Jack Ma, Alibaba chief executive Daniel Zhang isn't usually one to grab the limelight, let alone make kung fu movies with superstars or dance in public.
Tags: Money, businessNews, Alibaba, Jack Ma, Zhang, Daniel Zhang, Jack Ma Alibaba


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Monday. 1. Tesla had a turbulent weekend after its CEO Elon Musk smoked weed while recording a podcast late on Thursday. The firm's stock dived after his podcast appearance and after Tesla's chief accounting officer, Dave Morton, announced that he was leaving one month into the job. 2. Alibaba announced that its founder Jack Ma will be stepping down from the CEO role, and taking an executive chairman position. New CEO Daniel Zhang will t...
Tags: Firefox, Google, Verizon, Elon Musk, Microsoft, India, Trends, Tesla, Alibaba, Reddit, Citigroup, Jack Ma, Alexei Navalny, Cnbc, Alexa, Steve Huffman


Alibaba announces CEO Daniel Zhang will succeed Jack Ma as chairman next year

Following speculation about Jack Ma’s imminent retirement, Alibaba Group announced today that its CEO, Daniel Zhang, will succeed Ma as chairman next year. After stepping down as chairman on September 10, 2019 (exactly a year from now), Ma will continue serving as a board member until its annual general shareholders’ meeting in 2020. After that, Ma will remain a lifetime partner of the Alibaba Partnership, or a group of 36 partners drawn from the senior management ranks of Alibaba Group...
Tags: TC, China, Tech, Alibaba, Alibaba Group, Jack Ma, Coo, Zhang, Ma, South China Morning Post, Lu, Daniel Zhang, Alibaba Partnership, Jonathan Lu Lu, Zhang Alibaba


Jack Ma Confirms Alibaba Exit and Succession Plan

Chinese e-commerce giant Alibaba confirmed Jack Ma’s plan to step down as chairman. He will be replaced by current CEO Daniel Zhang in September next year. Rumors of the retirement of 54 year-old Ma surfaced late last week in Chinese business media and were all but confirmed by Ma in an interview with the New […]
Tags: Asia, News, China, Global, Alibaba, Jack Ma, Ma, Daniel Zhang


Jack Ma Confirms Alibaba Reshuffle and Succession Plan

Chinese e-commerce giant Alibaba has confirmed Jack Ma’s plan to step down as chairman. He will be replaced by current CEO Daniel Zhang in September next year. Rumors of the retirement of the 54-year-old Ma surfaced late last week in Chinese business media and were all but confirmed by Ma in an interview with The […]
Tags: Asia, News, China, Global, Alibaba, Jack Ma, Ma, Daniel Zhang, Alibaba Reshuffle


Jack Ma says he isn’t about to retire from Alibaba but is planning a gradual succession

Reports of Jack Ma’s impending retirement are greatly exaggerated, it seems. Ma, the co-founder and executive chairman of Alibaba, has pushed back on claims that he is on the cusp of leaving the $420 billion Chinese e-commerce firm. The New York Times first reported that the entrepreneur plans to announce that he will leave the firm to pursue philanthropy in education, a topic he is passionate about — Ma is a former teacher. But that news was quickly rebutted after Ma gave an interview to ...
Tags: Ecommerce, Asia, Business, Media, Southeast Asia, Entrepreneur, Tech, E-commerce, Ceo, Internet Access, Alibaba, The New York Times, Alibaba Group, Online Payments, Donald Trump, Jack Ma