Amazon's (AMZN) AWS opens its second cloud region in Hyderabad, India, to solidify its APAC presence.
Alibaba (BABA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group's logistics arm Cainiao, in a deal that could fetch up to $1 billion, two people with direct knowledge of the matter said. Fosun has appointed a financial adviser to run the sale of its stake of less than 5% in Cainiao and the plan is at an early stage, said the sources, who declined to be identified as the information is confidential. The once-acquisitive conglomerate, which owns resorts brand Club Med among other assets, is looking to sell its stake in Cainiao with the firm's valuation assessed at between $18 billion and $20 billion, said one of the sources.