Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp. Kiyoshi Ota | Bloomberg | Getty Images SoftBank Group chairman and CEO Masayoshi Son announced plans on Wednesday to transition the Japanese investment firm from “defense mode” to “offense mode” in order to seize opportunities in the AI revolution. Son expressed during the annual …
Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on Tuesday, Jan. 17, 2023. Bloomberg | Bloomberg | Getty Images Discover the companies with remarkable movements in premarket trading: Alibaba — The shares of this U.S.-listed e-commerce giant dropped 2.3% after the announcement of CEO Daniel Zhang’s resignation. Eddie Wu, one of Alibaba’s …
Alibaba announced a significant leadership reshuffle on Tuesday, as CEO and Chairman Daniel Zhang plans to step down this year and be succeeded by veterans at the Chinese tech giant. Eddie Yongming Wu will assume the role of CEO, while Joe Tsai will take over as chairman on Sept. 10. These two executives are long-time …
Zhang has announced his decision to step down as Chairman and CEO of Alibaba Group, as part of his own long-term plan. This move aligns with Zhang’s focus on cloud computing, which he emphasized in a 2018 interview with CNBC, declaring it as the company’s main business for the future. Dear Aliren, Since assuming the …
A folk artist meticulously paints the eyes of a dragon on a dragon boat in preparation for the upcoming Dragon Boat Festival in Dongguan, Guangdong Province of China, on May 27, 2023. Image Source: Vcg | Visual China Group | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. …
The logo of the Alibaba office building is seen in downtown Huangpu District in Shanghai, China, June 16, 2023. Costfoto | Nurphoto | Getty Images Alibaba Group has made a surprising announcement today regarding the appointment of Eddie Wu as its new chief executive, succeeding Daniel Zhang. This decision follows Alibaba’s previous announcement in March …
France’s top politicians have stated that they anticipate the emergence of global regulation on artificial intelligence by the end of this year. French President Emmanuel Macron expressed a desire to collaborate with the United States in establishing rules for this rapidly growing technology. These comments come amidst the increasing interest in AI, fueled by the …
At the Viva Tech conference in Paris, France, Michael Evans, President of Alibaba Group, announced that the company is planning to bring its Tmall e-commerce site to Europe. This move signifies a significant step in Alibaba’s international expansion efforts. Just a couple of months ago, Alibaba revealed its intention to divide its business into six …
Alibaba founder Jack Ma is reportedly in good spirits amidst China’s crackdown on his business empire, according to company President Michael Evans. Photograph by Costfoto, courtesy of Future Publishing via Getty Images PARIS — Alibaba founder Jack Ma is alive and well, reassures Chinese e-commerce giant’s President at the Viva Tech conference in Paris. Ma’s …