ReutersThe Hong Kong-listed shares of China's Alibaba Group were set to open down 3.1% on Monday after the surprise departure of outgoing Alibaba CEO Daniel Zhang from the company's cloud business.
The unit is China's largest cloud provider and is set to be spun off from Alibaba as part of the group's restructuring.
Alibaba's stock was set to open at HK$87.95.
The unit is China's largest cloud provider and is set to be spun off from Alibaba as part of the group's restructuring.
Alibaba's stock was set to open at HK$87.95.
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As Delhi Summit Ends, PM Modi Moots Nov-end Virtual MeetPrime Minister Narendra Modi said data and technology need to be shared as part of a human-centric approach to growth during his address at the third session of the G20 summit in Delhi on Sunday. He also sought expansion of the United Nations Security Council’s permanent membership.
TPG, Tepco, Brookfield in Talks for JSW Neo StakePrivate equity investors TPG, Tokyo Electric Power Company (Tepco) and Brookfield are in advanced talks to buy a minority stake in JSW Neo Energy, said people with knowledge of the matter.
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