Alibaba Cloud has become the dominant cloud provider in China and nearing profitability, but future growth will largely revolve around moving up the services stack for artificial intelligence and analytics workloads. The upshot from Alibaba Group’s investor sessions this week is the e-commerce giant is surging as shopping habits chang,e […]
Alibaba
Alibaba (NYSE:BABA), Costco Wholesale Corporation (NASDAQ:COST) – Alibaba’s Offline/Online Business Models Expand Market Opportunity, Analyst Says
Following the second day of Alibaba Group’s (NYSE: BABA) three-day Investor Day, an analyst at UBS came away bullish on the company’s online and offline business models. The Alibaba Analyst: Jerry Liu maintained a Buy rating and a $330 price target for Alibaba shares. The Alibaba Thesis: Significant untapped opportunities exist […]
A Continuous Journey of Digital Transformation, Alibaba Cloud and Its Global Customers at Apsara 2020
As the digital technology and intelligence backbone of Alibaba Group, Alibaba Cloud is experiencing continuous growth alongside its customers across different parts of the world. Over the years, it has made relentless efforts to serve clients from every industry, helping them accelerate their business development and navigate the challenges of […]
Exclusive: Alibaba, China Mobile Weigh $443 Million Investment in Blacklisted Dahua – Sources | Top News
HONG KONG (Reuters) – Alibaba Group Holding Ltd and China Mobile Communications Group Co Ltd [CHNMC.UL] are considering investing 3 billion yuan ($443 million) in Zhejiang Dahua Technology Co Ltd, three people with knowledge of the matter said. Dahua, China’s second-largest surveillance equipment maker, is among Chinese tech firms that […]