The logistics unit’s launch would make it the first to be split off since the Chinese e-commerce giant announced its restructure six months ago

Eddie Wu, a long-time lieutenant of former Alibaba chief Jack Ma, takes charge of the company amid its biggest organisational restructure of its 24-year history

The cloud unit is Alibaba's second-biggest money spinner, valued at $41 billion to $60 billion ahead of an IPO planned for next year

The Chinese e-commerce outfit recorded first-quarter revenue of $32.29 billion despite fears growing for the country’s stuttering recovery

Once an illustrious Chinese technology giant, Ant is emerging from a near three-year-long regulatory crackdown that started with the shelving of its planned mega listing in 2020

Regulators say the measures will not apply to firms who don't intend to offer their generative AI services to the Chinese public to encourage development of the technology

Friday's $984 million fine on Ant Group, one of the largest ever for a Chinese internet company, is largely being seen as an end to Beijing’s tech crackdown

Dealmakers hope that Cainiao's potential IPO, likely to be followed by more Alibaba units, could help revive sluggish fundraising activities in Hong Kong

A smaller fine will follow its founder Jack Ma’s recent return to China after staying overseas for more than a year after a dramatic regulatory crackdown

Companies that fall foul of the new rules, likely to come into effect sometime this year, could have their services suspended, face fines or even face a criminal investigation

Alibaba's shares have soared over 14% since the company's break-up plan announcement and $1.7bn in foreign cash has flowed into China's markets

The news of Jack Ma’s return comes on the final day of the China Development forum, a government-funded event being held in Beijing