CGRO

Trip.com Group Limited (NASDAQ:TCOM) shares are trading lower after the company announced a proposed offering of $1.3 billion of convertible senior notes. The convertible senior notes will mature on June 15, 2029, unless repurchased, redeemed, or converted per their terms before such date.  The holders of the note have the right to demand that the company buy back all or a portion of their notes for cash on June 15, 2027, or upon the occurrence of certain fundamental changes. The company intends to use the net proceeds from the Notes offering to repay existing financial debt, expand its overseas operations, and meet working capital requirements. Simultaneously with the pricing of

Alibaba Group Holding Ltd’s (NYSE:BABA) 618 shopping festival shows strong momentum, according to preliminary data from Taobao and Tmall platforms. As of May 31, 185 brands, including Apple Inc (NASDAQ:AAPL), Xiaomi Corp (OTC:XIACF) (OTC:XIACY), and Huawei Technologies Co, each achieved over 100 million yuan in gross merchandise value, SCMP reports. Additionally, 37,000 brands doubled their sales compared to last year. Also Read: Alibaba and Coupang Intensify E-Commerce Battle with Major Investments in South Korea As co-founder and chairman Joe Tsai stated, this positive trend supports Alibaba’s goal of returning to double-digit revenue growth by 2027. Tsai expressed confidenc

Alibaba Group Holding Ltd (NYSE:BABA) is eyeing a convertible bond sale to raise close to $5 billion, taking a cue from rival JD.Com, Inc’s (NASDAQ: JD) move this week. Both stocks are trading lower on Thursday. Alibaba discussed bond sales with investment banks. These bonds can be converted into US-listed stock to fund share repurchases and growth. An offering could come by this week, Bloomberg cites familiar sources. Also Read: Alibaba Rival PDD’s Explosive Growth Continues, Revenue More Than Doubles Alibaba seeks funds to invest in its commerce and cloud businesses, both of which lost market share during the domestic regulatory crackdown. The company remains engaged in a price

MINISO Group Holding Limited (NYSE:MNSO) shares are trading lower after the company reported third-quarter results. Quarterly revenue of $515.70 million missed the analyst consensus of $597.22 million. Revenues soared 26.0% Y/Y, led by a 19.3% increase in the average store count and around 9% same-store sales growth on a group level. The third quarter’s gross profit was $223.9 million, representing an increase of 39.1% Y/Y. Gross margin was 43.4%, compared to 39.3% in the same period last year. Adjusted net profit in the quarter under review was $85.4 million, representing an increase of 27.7% Y/Y. Adjusted net margin was 16.6%, compared to 16.4% in the year-ago period. Adjusted

Alibaba Group Holding Limited (NYSE:BABA) uses its cloud computing resources to support China’s generative AI start-ups, providing them with credits instead of traditional cash-for-equity investments.  The strategy aims to establish the e-commerce giant as a leader in the AI sector, similar to Microsoft Corp’s (NASDAQ:MSFT) approach with OpenAI, the Financial Times reports. The company has invested in several prominent start-ups, such as Moonshot, Zhipu, MiniMax, and 01.ai, developing local versions of popular U.S. applications like ChatGPT.  Also Read: Alibaba’s To Overhaul Taobao In Strategic Move to Reclaim E-commerce Dominance Despite sluggish growth since Beijing’s crackdown

Alibaba Group Holding Ltd (NYSE:BABA) is revamping the webpage of its Taobao e-commerce platform, launching the most significant update in seven years, to enhance the shopping experience ahead of China’s major 618 shopping festival.  This initiative by Taobao and Tmall Group, Alibaba’s domestic e-commerce unit, aims to streamline the layout and simplify the search and purchase process for users and merchants.  Alibaba is focusing on this upgrade to attract new users and reclaim its leading position in China’s competitive e-commerce landscape amid a challenging restructuring phase, SCMP reports. Also Read: Alibaba’s Taobao Launches 3D Shopping App for Apple’s Vision Pro – A New Era f

Alibaba Group Holding Limited (NYSE:BABA) fintech affiliate Ant Group is enhancing its global presence through its digital platform, Alipay+, aiming to unify mobile payment apps worldwide.  Ant International, the group’s global division, launched Alipay+ in 2020. It allows users to make payments with apps from their home countries via Alipay’s QR code network and local partners abroad. Douglas Feagin, Senior VP at Ant Group, emphasized that travelers prefer using their trusted home-country e-wallets instead of unfamiliar foreign apps, CNBC reports.  With this in mind, Alipay+ connects 88 million merchants across 57 countries and regions to over 1.5 billion consumer accounts from 25+

Alibaba Group Holding Limited (NYSE:BABA) plans to construct a data center in Vietnam to meet legal requirements for local data storage and to cater to increasing demand in one of Asia’s fastest-growing economies. Currently, Alibaba rents server space from Vietnamese state-owned telecommunications companies Viettel and VNPT.  The arrangement follows Vietnam’s contentious 2022 law mandating that companies store data within the country—a regulation that sparked resistance from major tech firms like Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Amazon.Com Inc (NASDAQ:AMZN), the Nikkei Asia reports. Dang Minh Tam, Alibaba Cloud’s solution architect lead, noted that the company u

Alibaba Group Holding Ltd (NYSE:BABA) has introduced a novel shopping application for Taobao, China’s largest online market. The application is designed for Apple Inc’s (NASDAQ:AAPL) Vision Pro mixed-reality headset.  This initiative emerges as Chinese consumers eagerly anticipate the headset’s launch in China, which Apple CEO Tim Cook anticipates later this year.  The application, which debuted last Friday, is currently compatible with the Vision Pro headset, priced at $3,499, and available only in the United States, SCMP reports. Early adopters in China, who acquired the headset from the US, have shared their positive experiences with Taobao’s 3D app on social media, applauding it

Alibaba Group Holding Limited (NYSE:BABA) stock continued to gain on Wednesday’s report, citing co-founder Jack Ma expressing solidarity with the company’s restructuring under the leadership of Chairman Joseph Tsai and CEO Eddie Wu. Ma, in a very positive tone, urged the employees to keep up with artificial intelligence technology, pivotal in the changing e-commerce landscape as Alibaba battled intense competition with PDD Holdings Inc (NASDAQ:PDD), the Nikkei Asia reports. The 59-year-old Ma helmed Alibaba for nearly two decades as Chair until 2019. He disappeared from the public eye after Chinese regulators quashed his ambitious initial public offering of Ant Group in November 2020. 

Alibaba Group Holding Limited (NYSE:BABA), under the guidance of Jack Ma, is undergoing a significant restructuring to rejuvenate the company.  Ma expressed his support on an internal Alibaba forum in a rare public gesture, marking his second appearance in recent months to bolster morale among employees of the Chinese e-commerce giant he helped establish. The stock price climbed after the report. Having stepped back from the limelight in the past few years, the billionaire drafted a detailed memo praising the rejuvenation efforts led by Joseph Tsai and Eddie Wu.  He assured that Alibaba was on the right path and encouraged the workforce to remain steadfast, Bloomberg reports. Als

Alibaba Group Holding Ltd (NYSE:BABA) has aggressively accelerated its share buy-back program, purchasing $4.8 billion in Hong Kong and New York last quarter.  The buy-back represents the company’s most substantial buy-back effort since 2021, during which its stock faced downward pressure due to concerns about its competitive position and earnings outlook.  The repurchase involved 524 million ordinary shares, equating to 65 million American depositary shares (ADS), up from the $1.9 billion spent in the same quarter of the previous year and $2.9 billion in the last quarter of 2023.  The buy-back reduced the company’s share capital by 5.1%, surpassing its annual minimum target of 3%,

Alibaba Cloud, the cloud computing branch of Alibaba Group Holding Ltd (NYSE:BABA), captured the attention of over 2.3 million viewers with its inaugural livestream event featuring prominent Chinese influencer Luo Yonghao on Taobao, an affiliated e-commerce platform.  The event showcased various cloud computing solutions, including Alibaba Cloud Drive for Enterprises, Alibaba Cloud Elastic Compute Service, and Object Storage Service, attracting around 1,000 companies to order and inquire about the products during the broadcast. This collaboration with Luo aims to extend the reach and understanding of cloud computing benefits among a broader audience and businesses, highlighting the imp

Alibaba Group Holding Ltd (NYSE:BABA) has named Yan Xiaolei, the CFO, as the new CEO of its grocery division Freshippo, marking a significant leadership change.  Hou Yi, Freshippo’s founder, will retire from his CEO role but will continue contributing as a senior advisor. This leadership transition at Freshippo underscores Alibaba’s ongoing struggle to regain its footing after facing setbacks from regulatory scrutiny and increased competition from rivals like PDD Holdings Inc (NASDAQ:PDD) and ByteDance Ltd, Bloomberg reports.  Established in 2016, Freshippo has expanded its presence across China, operating over 360 stores, with plans to inaugurate 70 locations in 2024.  A separat

Alibaba Group Holding Ltd (NYSE:BABA) plans to allocate $1.1 billion towards investments in South Korea over the next three years, aiming to establish a logistics center and broaden its business operations.  Specifically, the Chinese e-commerce behemoth intends to invest $200 million in constructing the logistics center this year, with an additional $100 million earmarked to assist small and mid-sized South Korean companies in marketing their products internationally. Reuters cites a South Korean news agency Yonhap report, which referenced a business strategy document from the company.  This investment news comes when South Korea’s data protection authority announced it is investiga

Alibaba Group Holding Limited’s (NYSE:BABA) gaming division, Lingxi Games, announced a significant leadership change, with the current team stepping down to usher in younger management.  This decision aligns with Alibaba’s strategy in 2023 to infuse its leadership teams with individuals born after 1985, aiming to preserve a dynamic startup culture and avoid stagnation.  The move is part of Alibaba’s broader restructuring to a holding company model and its operations division into six primary units, Reuters reports. Leadership shifts have recently occurred within Alibaba’s e-commerce, cloud, and local services sectors. Zhan Zhonghui, leader of Lingxi Games, and two other executives w

Alibaba Group Holding Limited (NYSE:BABA) initiated a significant price reduction strategy in the cloud computing services sector, slashing prices by up to 55% on more than 100 services to regain market share in a highly competitive environment.  This move prompted an immediate response from JD.com Inc (NASDAQ:JD), a key competitor in both e-commerce and cloud services, which announced its price cuts on the same day through its WeChat account.  The price war between these tech giants signals an aggressive competition phase, likely to benefit customers but at the expense of the companies’ profits, Bloomberg reports.  Alibaba’s aggressive pricing strategy is part of a broader effort t

Alibaba Group Holding Ltd (NYSE:BABA) is undergoing a significant management restructuring, marking a new phase in its strategy to rejuvenate leadership and adapt to post-pandemic market conditions and past regulatory challenges.  The company announced that Yu Yongfu, a long-standing executive and partner, will step down from overseeing a range of businesses, from the mapping service Amap to the meal delivery platform Ele.me, by the end of March, Bloomberg reports. In the wake of Yu’s departure, Alibaba has appointed Wu Zeming, the Chief Technology Officer, as the new chairman of Ele.me, with Han Liu stepping in as the chief executive.  Also Read: Alibaba Faces Headwinds: Job Cuts a

Alibaba Group Holding Ltd’s (NYSE:BABA) subsidiary, Daraz Group, a prominent e-commerce entity in South Asia excluding India, is poised for another round of layoffs amid ongoing market challenges, just a year after reducing its workforce by 11%.  Acting CEO James Dong, who oversees Alibaba’s Southeast Asian e-commerce division Lazada, announced this difficult decision in an internal memo, highlighting the company’s struggle to meet financial targets against “unprecedented challenges.”  Acquired by Alibaba in 2018, Daraz has not disclosed the number of employees affected by these latest cuts across its operations in Pakistan, Bangladesh, Sri Lanka, and Nepal, SCMP reports. The stock is

Actively managed fund provides deeply researched exposure to the China growth story without compromising U.S. national security, values or economic and technological leadership Core Values Alpha (CVA), a product of PowerFunds, an affiliate of MSA Capital, one of the most decorated China-focused investment teams, is today launching its first Exchange Traded Fund (ETF): the Core Values Alpha Greater China Growth ETF (CGRO). CGRO is actively managed and a first-of-its-kind fund in a number of ways, particularly with regard to its underlying philosophy, which approaches China investing through an "America-first" lens. "Savvy investors understand that China's market fundamentals remain str

15-12B - Collective Growth Corp (0001799611) (Filer)

8-K - Collective Growth Corp (0001799611) (Filer)

TEL AVIV, Israel, April 6, 2021 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ), a technology leader of high-performance, solid-state LiDAR sensors and perception software, announced today that it has appointed Amichai Steimberg, Aharon Aharon, Dan Falk, Ronit Maor, Orit Stav and James Sheridan to its board of directors effective today. They join existing board members Omer Keilaf, Co-Founder and CEO of Innoviz, and Oren Rosenzweig, Co-Founder and Chief Business Officer of Innoviz. The new appointees bring decades of experience leading publicly traded companies in the technology and automotive sectors as executive officers and members of boards of directors. Innoviz Tech

25-NSE - Collective Growth Corp (0001799611) (Subject)

25-NSE - Collective Growth Corp (0001799611) (Subject)