Alibaba

HANGZHOU, China--(BUSINESS WIRE)--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter and fiscal year ended March 31, 2020. “Alibaba achieved the historic milestone of US$1 trillion in GMV across our digital economy this fiscal year,” said Daniel Zhang,…

Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence. In the masterplan backed by President Xi Jinping himself, China will invest an estimated $1.4 trillion over…

A Huawei employees boards a shuttle train at a station of the Huawei Euopean-themed campus in Shenzhen in China's southern Guangdong province on May 19, 2020 Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the…

Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence. In the masterplan backed by President Xi Jinping himself, China will invest an estimated $1.4 trillion over…

SoftBank’s First Vision Fund May Be Its Last After $18 Billion Loss(Bloomberg) -- Before the meltdown at WeWork and the outbreak of the coronavirus pandemic, Masayoshi Son said he would like to raise a new Vision Fund every two to three years after his initial $100 billion fund. Now the…

SoftBank Group Corp CEO Masayoshi Son on Monday pinned his hopes on a small group of "winged unicorns" to save the performance of his $100 billion Vision Fund - although he gave few clues on which ones they would be.Announcing a record annual loss for his tech conglomerate, and an…

FILE PHOTO: Japan's SoftBank Group Corp Chief Executive Masayoshi Son bows his head after his presentation at a news conference in TokyoBy Sam NusseyTOKYO (Reuters) - SoftBank Group Corp CEO Masayoshi Son on Monday pinned his hopes on a small group of "winged unicorns" to save the performance of his…

Japan's SoftBank Group Corp on Monday reported an annual 1.9 trillion yen ($18 billion) operating loss at its gargantuan Vision Fund, as its tech bets slid below cost, pushing the group to its largest-ever loss.The fund's $75 billion investment in 88 startups were worth $69.6 billion at the end of…

Jack Ma retired as Alibaba's executive chairman in SeptemberSoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.The departure of Mr Ma, who retired as Alibaba's executive chairman in September, comes as…

Amazon founder and CEO Jeff Bezos could potentially become the worlds first trillionaire as early as 2026, at which point he will be aged 62, says a study. The study titled ‘The Trillion Dollar Club’ was conducted by Comparisun. The 56-year-old is the world’s richest person right now and as per…