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Alibaba announces new chief financial officer

China-based e-commerce company Alibaba Group has announced that Toby Xu has been appointed as the company’s new chief financial officer (CFO), succeeding Maggie Wu effective April 2022. Wu will continue as a partner in the Alibaba Partnership and will serve as an executive director on the Alibaba board. She steps down following fifteen years...

6 Dec 2021


Asia markets mostly up but Alibaba plunge hammers Hong Kong

Hong Kong tumbled Friday on an otherwise positive day for Asian markets, with Chinese ecommerce titan Alibaba tanking more than 10 percent after warning of a weaker outlook. Alibaba said Thursday that net profit tumbled 81 percent in the second quarter and revenue grew less than forecast as it was hit by the impact of slowing economic growth and...

19 Nov 2021