Alibaba trims stake in Xpeng for second time in DecemberBTW Media staffDecember 21, 2023 XPeng, sustaining losses caused by Alibaba’s strategic investment changes, is seizing new opportunities created by its counterpart.
China’s ride-hailing app DiDi loses $56 million after 12-hour outageBTW Media staffNovember 29, 2023 Didi’s 12-hour outage on Monday caused losses of around $4.6 million per hour, while Alibaba Cloud also faced an interruption.
Alibaba’s reversal cuts $20B from market valueElma YuanNovember 20, 2023 Alibaba’s stunning reversal on its cloud unit spin-off caused a massive $20 billion market value drop, shaking the markets.
