Trends - Alibaba - Business Recorder

Alibaba

Alibaba says to begin re-hiring, sees signs of start of AI bubble in the US

HONG KONG: Alibaba Group Chairman Joe Tsai said on Tuesday the tech giant would recommence hiring, emboldened with...

Published 25 Mar, 2025 09:51am

Technology

Alibaba to invest more than $52 billion in AI over next 3 years

Alibaba said on Monday it plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and...

Published 24 Feb, 2025 08:20am

Business & Finance

Alibaba beats revenue estimates for third quarter

China’s Alibaba Group Holding on Wednesday topped Wall Street expectations for third-quarter revenue, on strong...

Published 20 Feb, 2025 03:52pm

World

China’s Xi meets with business leaders amid economic, geopolitical headwinds

BEIJING: Chinese President Xi Jinping on Monday spoke at a symposium was attended by business leaders including...

Published 17 Feb, 2025 11:44am

Technology

Apple teams up with Alibaba to bring AI features for iPhones in China, The Information reports

Apple is partnering with Alibaba to roll out artificial intelligence features for iPhone users in China, the...

Published 11 Feb, 2025 09:00pm

Technology

Alibaba releases AI model it claims surpasses DeepSeek-V3

BEIJING: Chinese tech company Alibaba on Wednesday released a new version of its Qwen 2.5 artificial intelligence...

Updated 29 Jan, 2025 10:53pm

Business & Finance

Alibaba announces launch of trade assurance in country

ISLAMABAD: Alibaba. com, a leading global business-to-business (B2B) e-commerce platform, Tuesday announced the...

Published 25 Dec, 2024 08:10am

Business & Finance

Alibaba misses quarterly revenue estimates

SHANGHAI: Alibaba Group Holding missed analysts’ estimates for second-quarter sales on Friday, as persistent...

Published 18 Nov, 2024 02:54am

BR Research

Interview with Ehsan Saya - Managing Director, Daraz Pakistan & Sri Lanka

Personalization is crucial in today’s diverse market, where each customer journey is unique Ehsan Saya is the...

Published 07 Oct, 2024 09:05am

Markets

Alibaba shares jump 4% on its addition to mainland Stock Connect Scheme

SHANGHAI: Shares in Alibaba Group jumped 4.2% on Tuesday as investors cheered its inclusion on China’s mainland...

Published 10 Sep, 2024 04:14pm

Business & Finance

Alibaba.com, TDAP announce series of training programmes

LAHORE: Alibaba.com, a leading platform for global Business-to-Business (B2B) e-commerce, and the Trade Development...

Published 09 May, 2024 03:11am

World

Alibaba’s Jack Ma steps out from the shadows with morale-boosting post

SHANGHAI: Alibaba co-founder Jack Ma has penned a lengthy memo to employees that expresses support for the internet...

Published 10 Apr, 2024 12:13pm

Business & Finance

With Cainiao buyback, Alibaba takes aim at rivals’ overseas advance

SHANGHAI: Alibaba’s plan to buy full control of its logistics subsidiary rather than spinning it off could signal...

Published 30 Mar, 2024 04:58am

Business & Finance

Alibaba misses revenue estimates; boosts buyback by $25bn

SHANGHAI: China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by...

Published 07 Feb, 2024 04:51pm

Markets

Alibaba drags HK stocks lower; China struggles

SHANGHAI: Hong Kong shares closed down on Friday, dragged by a slump in index heavyweight Alibaba Group after it...

Published 18 Nov, 2023 06:03am

Business & Finance

Alibaba scraps cloud business spin-off citing US chip curbs

SHANGHAI: Alibaba Group on Thursday scrapped plans to spin-off its cloud business, citing uncertainties created by...

Published 17 Nov, 2023 06:06am

Technology

Alibaba upgrades AI model Tongyi Qianwen, releases industry

HONG KONG: Chinese technology giant Alibaba said on Tuesday it has updated its artificial intelligence (AI) model...

Published 31 Oct, 2023 11:16am

Business & Finance

New Alibaba Group CEO lays out strategic priorities for staff

SHANGHAI: New Alibaba Group CEO Eddie Wu has told staff the tech giant’s two main strategic focuses going forward...

Published 12 Sep, 2023 09:56am

Technology

Alibaba shares slide 4% after former CEO quits cloud unit

HONG KONG: The Hong Kong-listed shares of China’s Alibaba Group fell more than 4% on Monday after the surprise...

Published 11 Sep, 2023 10:00am

Business & Finance

China’s Alibaba says Daniel Zhang quits cloud business in surprise move

SHANGHAI: China’s Alibaba Group said on Sunday that Daniel Zhang will step down from its cloud business, in a...

Published 11 Sep, 2023 06:32am

Business & Finance

Alibaba announces unexpected 14pc increase in quarterly revenue

BEIJING: Chinese e-commerce giant Alibaba announced an unexpected 14 percent on-year increase in quarterly sales on...

Published 15 Aug, 2023 06:30am

Business & Finance

Alibaba announces unexpected 14% increase in quarterly revenue

BEIJING: Chinese e-commerce giant Alibaba announced an unexpected 14 percent on-year increase in quarterly sales...

Published 10 Aug, 2023 05:14pm

Markets

Alibaba, Tencent shares rise as investors bet China’s tech crackdown is over

HONG KONG: Alibaba Group and Tencent shares rose in Hong Kong on Monday after China’s $984 million fine against ...

Published 11 Jul, 2023 06:08am

Technology

Chinese tech giant Alibaba names next CEO

BEIJING: Chinese tech giant Alibaba said Tuesday it will replace its top boss in a surprise move at the e-commerce...

Published 20 Jun, 2023 10:59am

Technology

TikTok to invest billions of dollars in Southeast Asia

JAKARTA: Short video app TikTok, owned by China’s ByteDance, said on Thursday it would invest billions of dollars in...

Published 15 Jun, 2023 09:30am

Markets

UK’s FTSE 100 starts week higher on energy boost; ASOS jumps

UK’s FTSE 100 edged up on Monday boosted by energy firms after top oil exporter Saudi Arabia pledged to cut...

Published 05 Jun, 2023 01:17pm

Business & Finance

Alibaba says to hire this year, refuting layoff rumours

SHANGHAI: Alibaba Group Holding Ltd said on Thursday it planned to hire 15,000 people this year, dismissing rumours...

Published 25 May, 2023 08:04pm

Business & Finance

Alibaba’s cloud unit to cut 7% of staff in overhaul

Alibaba Group Holding Ltd’s cloud unit has started a round of downsizing that will impact 7% of the staff as it...

Published 23 May, 2023 05:23pm

Business & Finance

Alibaba misses revenue estimate, approves cloud unit spinoff

SHANGHAI: China’s Alibaba Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations on...

Published 22 May, 2023 06:23am

Opinion

M-commerce can help country arrest economic slide

Pakistan’s economy has faced numerous challenges, including inflation, unemployment, and low growth rates. ...

Published 21 May, 2023 04:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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