Jane Zhang

Alibaba Cutting Cloud Prices as Much as 50% to Drive User Growth

JD Inc.’s Chief Executive Officer Xu Lei is retiring for personal reasons, a surprise move for a Chinese company struggling to revive growth at a time of economic uncertainty.

(Bloomberg) -- JD Inc.’s chief executive officer is departing after about a year at the post, a surprise move that coincides with the Chinese internet retailer’s slowest pace of growth on record.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTreasuries Advance After CPI; Stocks Edge Higher: Markets WrapFamily Builds $900 M

Alibaba Group Holding Ltd. again posted single-digit revenue growth, reinforcing concerns that a Chinese consumer spending rebound may be farther out than anticipated.

(Bloomberg) -- Alibaba Group Holding Ltd. will begin exploring initial public offerings for its logistics and grocery arms, kicking off a long-awaited breakup that may help reverse anemic growth at China’s cloud and online commerce leader.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballySingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsThe $120 Million Ghost Ship Antigua Is D

(Bloomberg) -- Alibaba Group Holding Ltd. will explore initial public offerings for its logistics and grocery arms while hiving off its $12 billion cloud business, kicking off the first phase of a much-anticipated breakup to try and revive anemic revenue growth.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballySingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsWall Street Fears

Alibaba Group Holding Ltd.’s surprise move to fully spin out a potentially transformative $12 billion cloud business is stirring speculation about whether the Chinese e-commerce leader bowed to market or political realities.

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Alibaba Group Holding Ltd. is integrating its most advanced artificial intelligence system into its Slack-like DingTalk messaging app and a meeting assistant named Tingwu.