Alibaba is moving quickly to split up its business in a bid to unlock value, but the company's broader challenges continue to drag the stock down.
Alibaba Group Holding Ltd. is moving quickly to split up its business in a bid to unlock more value for shareholders, but the company’s broader challenges continue to drag the stock down.
Even as Alibaba BABA signaled board approval for a spinoff of its cloud-computing business, with more likely spinoffs down the road, its shares fell 5.4% in Thursday’s session and were indicating toward another decline, off 1% in Friday morning action. Read: Loeb’s Third Point buys up new stakes in Alibaba, AMD and Alphabet while dumping Disney’s stock
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alibaba.com Stock Price Today | NYSE BABA Live Ticker - Investing.comView today's Alibaba Group Holdings Ltd ADR stock price and latest BABA news and analysis. Create real-time notifications to follow any changes in the live stock price.
Read more »
Alibaba earnings: What to expect from the Chinese e-commerce giantAlibaba Group Holding Ltd. is set to report earnings Thursday for the first time since announcing a major organizational shake-up.
Read more »
Alibaba plans to list cloud division as quarterly revenue misses expectationsAlibaba announced plans to spin off its cloud division as a separate, publicly-traded company. The e-commerce titan's quarterly revenues missed expectations.
Read more »
Poised for Breakup, China’s Alibaba Finishes Year With $10 Billion ProfitAlibaba, China’s e-commerce and entertainment giant, announced net profits of $10.6 billion for its financial year to the end of March, a year-on-year increase of 39%. The rebound was achieved on r…
Read more »
Why banks are in good shape despite crisis, stock picks: Manulife3 reasons why regional US banks are in good shape after several failures, and why the stocks could be real bargains, according to a 30-year analyst and portfolio manager who's betting on 5 now
Read more »