Alibaba sold its 73.66% stake in Sun Art to DCP Capital for US$1.6bn, reflecting a shift away from its New Retail strategy.

The change offers some breathing room for Speaker Mike Johnson (R-LA) as he enters his first full term as speaker.

Alibaba Group Holding Ltd. has agreed to sell its more than 70% stake in Sun Art Retail Group Ltd. to private equity firm DCP ...

Hangzhou-based Alibaba, a leading player in China’s vast e-commerce sector, has faced stiffer competition in recent years as ...

Alibaba cuts prices on large language models by up to 85% amid fierce competition in Chinese market, while investing in AI ...

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China, the second largest economy – the United States remains at the top – looks to rebound for the first time since the ...

The world’s 500 richest people got vastly richer in 2024, with Elon Musk, Mark Zuckerberg and Jensen Huang leading the group ...

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