The AI-powered tools aim to make the first Asian Games on the cloud more sustainable and inclusiveHANGZHOU, CHINA - Media OutReach - 28 September 2023 - In an effort to promote the sustainability and inclusiveness of the Asian Games and the Asian Paralympic Games in Hangzhou, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has launched a sustainability web application for athletes, journalists and staff members inside the three Asian Games villages to drive low-
Alibaba (BABA) closed at $85.91 in the latest trading session, marking a -1.5% move from the prior day.
SHANGHAI/HONG KONG (Reuters) -Alibaba Group on Tuesday kicked off its restructuring with a plan to list its logistics arm Cainiao in Hong Kong that would make the unit the first to be separated since the Chinese e-commerce giant announced its break-up six months ago. Alibaba said on Tuesday it had submitted an application to spin off Cainiao Smart Logistics Network to the Hong Kong stock exchange, but that financial terms such as the size of the offering had not been finalised. However, Alibaba, which holds a 69.54% stake in Cainiao, will continue to hold more than 50% of shares in Cainiao and it will remain a subsidiary of the company after the spin-off, Alibaba added.