The company's stock closed nearly 10% higher on Tuesday after Australia's Macquarie announced it would invest up to $5 ...

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Cloud. The National Weather Service put out the final update Wednesday, showing the average mean temperature locally at 48.3 degrees. The previous high mark was set in 1931 at 47.9 degrees.

Alibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group Ltd. to private equity firm DCP Capital, unloading another high-profile physical commerce asset at a discount to focus ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Alibaba has agreed to sell its entire stake in China’s largest hypermarket operator at a steep discount ...

(Yicai) Jan. 2 -- Alibaba Group Holding is offloading its entire stake in Sun Art Retail, the operator of hypermarket chain RT-Mart, to Chinese private equity firm DCP Capital for HKD13.1 billion ...

Huaian, China - January 02, 2025 A RT-Mart store in Huaiyin district, Huai 'an city, Jiangsu province, China, Jan 2, 2025. I've worked at Costco for two decades... here are 10 items you need to ...

The two transactions reflect Alibaba’s effort to refocus on its core e-commerce operations and cloud computing operation, which oversees its artificial intelligence-related businesses ...

That last is considered critical enough that Alibaba is willing to swallow significant losses on its past bets, even as it raises capital to invest in areas such as AI and the cloud. What Bloomberg ...

The shares have sprung back to life thanks to China’s new stimulus programs—and Alibaba’s AI ventures. They stand to gain as much as 48%.

including the likes of Alibaba Cloud, Tencent Holdings Ltd., Baidu Inc. and Huawei Technologies Co. Ltd. ByteDance needs a workaround because Chinese companies are prohibited from buying advanced ...