Alibaba is cutting 7% of the workforce ... This comes after it announced plans in March to split the company into six business units each with their own chief executive and board of directors.
Chinese stocks rose today on the belief that the Chinese government may soon inject more stimulus into the economy.
The development is part of Alibaba's announcement earlier this year of plans to restructure into six units, following a two-year regulatory crackdown on China's tech sector. Alibaba's cloud ...
Alibaba, which owns the South China Morning Post, said its six units are planning to make a ... the company aims to reorganise its sprawling business into six independently-run entities, each ...
Alibaba Group planned to split into six business groups and launch separate public listings, triggering mass layoff, ...
In its first earnings call following a restructuring prompted by regulatory pressures and investor expectations, Alibaba is ...
Chinese Internet giant Alibaba is cutting about 7 percent of its workforce. The company plans to have separate IPOs for ...
Back in March this year, the company employed 2,35,000 people. It then decided to split the Alibaba Group into six units: Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services ...
Alibaba holds a 67% interest in the company. Its IPO is targeted to complete in 12 to 18 months. Freshippo is a brick-and-mortar grocery chain retail business with an IPO expected in six to 12 months.
Group on Friday denied speculations of mass layoffs, saying it is committed to hire 15,000 new employees this year, the media reported. Earlier reports claimed that Alibaba Cloud is slashing 7 per ...
Last week, Alibaba CEO Daniel Zhang had detailed the restructuring of its Cloud division. Earlier, the Chinese tech giant said it was planning to split the company into six business units ...
Alibaba, which owns the South China Morning Post, said its six units are planning to make a ... the company aims to reorganise its sprawling business into six independently-run entities, each ...
