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COMPANY NEWS IN BRIEF

  • 1 Year Ago - 2023-06-21 00:00:00
Alibaba names next CEO

Chinese tech giant Alibaba announced on Tuesday that it will replace chairman and CEO Daniel Zhang with current executive vice chairman Joseph Tsai in September.

Zhang said in a statement it was "the right time" for him to step down as the firm looks to implement a full spin-off of its advanced cloud computing unit.

Hangzhou-based Alibaba is one of China's most prominent technology firms, with business operations spanning cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence.

Following the executive transition, Zhang will continue to serve as chairman and CEO of Alibaba Cloud Intelligence Group, the company said.

The firm has faced several unprecedented headwinds in recent years as Beijing imposed tighter restrictions on the domestic tech sector.

Alibaba said in late March that it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date.-Fin24

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Namibian Sun 2024-08-22

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Premier League: Leicester City 1 vs 1 Tottenham Hotspur LaLiga: Villarreal 2 vs 2 Atletico Madrid | Real Valladolid 1 vs 0 Espanyol SerieA: Juventus 3 vs 0 Como | Lecce 0 vs 4 Atalanta Katima Mulilo: 13° | 32° Rundu: 12° | 32° Eenhana: 13° | 34° Oshakati: 13° | 33° Ruacana: 14° | 33° Tsumeb: 16° | 31° Otjiwarongo: 13° | 30° Omaruru: 14° | 31° Windhoek: 11° | 27° Gobabis: 12° | 28° Henties Bay: 12° | 21° Wind speed: 20km/h, Wind direction: S, Low tide: 11:00, High tide: 05:08, Low Tide: 23:32, High tide: 17:29 Swakopmund: 13° | 15° Wind speed: 22km/h, Wind direction: SW, Low tide: 10:58, High tide: 05:06, Low Tide: 23:30, High tide: 17:27 Walvis Bay: 13° | 23° Wind speed: 24km/h, Wind direction: SW, Low tide: 10:58, High tide: 05:05, Low Tide: 23:30, High tide: 17:26 Rehoboth: 12° | 29° Mariental: 14° | 32° Keetmanshoop: 16° | 32° Aranos: 13° | 31° Lüderitz: 12° | 24° Ariamsvlei: 14° | 32° Oranjemund: 12° | 25° Luanda: 20° | 22° Gaborone: 11° | 23° Lubumbashi: 13° | 30° Mbabane: 7° | 18° Maseru: 5° | 21° Antananarivo: 7° | 27° Lilongwe: 16° | 27° Maputo: 16° | 20° Windhoek: 11° | 27° Cape Town: 13° | 21° Durban: 14° | 19° Johannesburg: 10° | 19° Dar es Salaam: 22° | 31° Lusaka: 16° | 25° Harare: 11° | 24° Currency: GBP to NAD 23.55 | EUR to NAD 20.02 | CNY to NAD 2.52 | USD to NAD 18.04 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.23 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 133.97 | USD to AOA 897.54 | USD to BWP 13.33 | USD to EGP 48.73 | USD to KES 128.48 | USD to NGN 1569.03 | USD to ZAR 18.04 | USD to ZMW 26 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1828.84 Down -1.06% | Casablanca Stock Exchange (CSE) MASI 13914.33 Up +0.14% | Egyptian Exchange (EGX) 30 Index 30141.08 Up +0.76% | Botswana Stock Exchange (BSE) DCI 9622.52 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 482.86/OZ DOWN -0.0119 | Copper US$ 4.14/lb DOWN -0.0139 | Zinc US$ 2 873.00/T DOWN -0.14% | Brent Crude Oil US$ 77.80/BBP UP +1.76% | Platinum US$ 944.95/OZ DOWN -0.0219 Sport results: Premier League: Leicester City 1 vs 1 Tottenham Hotspur LaLiga: Villarreal 2 vs 2 Atletico Madrid | Real Valladolid 1 vs 0 Espanyol SerieA: Juventus 3 vs 0 Como | Lecce 0 vs 4 Atalanta Weather: Katima Mulilo: 13° | 32° Rundu: 12° | 32° Eenhana: 13° | 34° Oshakati: 13° | 33° Ruacana: 14° | 33° Tsumeb: 16° | 31° Otjiwarongo: 13° | 30° Omaruru: 14° | 31° Windhoek: 11° | 27° Gobabis: 12° | 28° Henties Bay: 12° | 21° Wind speed: 20km/h, Wind direction: S, Low tide: 11:00, High tide: 05:08, Low Tide: 23:32, High tide: 17:29 Swakopmund: 13° | 15° Wind speed: 22km/h, Wind direction: SW, Low tide: 10:58, High tide: 05:06, Low Tide: 23:30, High tide: 17:27 Walvis Bay: 13° | 23° Wind speed: 24km/h, Wind direction: SW, Low tide: 10:58, High tide: 05:05, Low Tide: 23:30, High tide: 17:26 Rehoboth: 12° | 29° Mariental: 14° | 32° Keetmanshoop: 16° | 32° Aranos: 13° | 31° Lüderitz: 12° | 24° Ariamsvlei: 14° | 32° Oranjemund: 12° | 25° Luanda: 20° | 22° Gaborone: 11° | 23° Lubumbashi: 13° | 30° Mbabane: 7° | 18° Maseru: 5° | 21° Antananarivo: 7° | 27° Lilongwe: 16° | 27° Maputo: 16° | 20° Windhoek: 11° | 27° Cape Town: 13° | 21° Durban: 14° | 19° Johannesburg: 10° | 19° Dar es Salaam: 22° | 31° Lusaka: 16° | 25° Harare: 11° | 24° Economic Indicators: Currency: GBP to NAD 23.55 | EUR to NAD 20.02 | CNY to NAD 2.52 | USD to NAD 18.04 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.23 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 133.97 | USD to AOA 897.54 | USD to BWP 13.33 | USD to EGP 48.73 | USD to KES 128.48 | USD to NGN 1569.03 | USD to ZAR 18.04 | USD to ZMW 26 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1828.84 Down -1.06% | Casablanca Stock Exchange (CSE) MASI 13914.33 Up +0.14% | Egyptian Exchange (EGX) 30 Index 30141.08 Up +0.76% | Botswana Stock Exchange (BSE) DCI 9622.52 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 482.86/OZ DOWN -0.0119 | Copper US$ 4.14/lb DOWN -0.0139 | Zinc US$ 2 873.00/T DOWN -0.14% | Brent Crude Oil US$ 77.80/BBP UP +1.76% | Platinum US$ 944.95/OZ DOWN -0.0219


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