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Persons: It's, We've, Spencer James, Daniel Ezra, Spencer Paysinger, Spencer, Jordan, Michael Evans Behling, we've, Hulu's, ExpressVPN Organizations: Business, Beverly Hills, Giants, NFL, Hulu, CW, Disney, ESPN, Disney Plus, Netflix Locations: Riverdale, South Los Angeles, USA, ExpressVPN, Hulu

☆ Here's why investors don't necessarily need to own international stocks to be diversified
▼ + stars: | 2023-11-19 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

This week's question: Hello, do you believe an international fund or international stocks are required for diversification or can diversification be accomplished domestically Thanks! So, we don't view owning international stocks as a requirement to gain the benefits of geographic diversification. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. This week's question: Hello, do you believe an international fund or international stocks are required for diversification or can diversification be accomplished domestically Thanks!

Persons: Jim Cramer, That's, Jack Ma, Michael Evans, Jack, it's, Tim Cook, Jim Cramer's, Jim, Steve Organizations: Apple, Wynn Resorts, WYNN, U.S ., Industrial, Linde, Jim Cramer's Charitable, CNBC Locations: China, Asia, Pacific, Macau, U.S, United States, Germany, Ireland, United Kingdom

☆ Alibaba tells Erdogan it plans to invest $2 billion in Turkey
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

Shopping trolley is seen in front of Alibaba logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsISTANBUL, Sept 18 (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK) has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the comments in a meeting with Erdogan, according to a statement from the company's Turkish unit. Evans also said Alibaba has invested $1.4 billion in Turkey through its unit Trendyol, one of Turkey's best known e-commerce platforms, the statement said. Erdogan is in the United States to attend the 78th session of the U.N. General Assembly.

Persons: Dado Ruvic, Tayyip Erdogan, Michael Evans, Alibaba, Erdogan, Evans, Trendyol, Caglayan Cetin, Daren Butler, Edwina Gibbs Organizations: REUTERS, Rights, Alibaba, Holding, HK, Turkish, General, Istanbul, Thomson Locations: Rights ISTANBUL, Turkey, Turkish, United States, Ankara

The CEO role will be handed over to Eddie Yongming Wu, chairman of Alibaba's Taobao and Tmall Group, while Executive Vice Chairman Joseph Tsai will take over Zhang as chairman. "The idea or expectation that one person could manage the business' crown jewel Cloud and at the same time manage the entire Alibaba Group is an unreasonable expectation." "It would be inappropriate for me to continue serving as chairman and CEO of both companies at the same time during the spin-off process." Alibaba thanked Zhang for his "extraordinary leadership in navigating unprecedented uncertainties affecting the company's business over the past few years." Wu, who co-founded Alibaba alongside Ma and Tsai over two decades ago, will continue to concurrently serve as chairman of Taobao and Tmall Group, Alibaba said.

Persons: Zhang, Joseph Tsai, Alibaba, Daniel Zhang, Eddie Yongming Wu, Alibaba's, Daniel, Brian Wong, Jack Ma, Joe, Eddie, Eric Chen, Wu, Ma, Tsai, Alipay, Jacob Cooke, Cooke, China's, J, Michael Evans, Abinaya, Brenda Goh, Scott Murdoch, Anne Marie Roantree, Josh Ye, Muralikumar Anantharaman, Christopher Cushing Organizations: Alibaba, HK, Tmall, Reuters, Cloud Intelligence Group, Analysts, Alibaba Health, Technologies, Thomson Locations: SHANGHAI, China, Hong Kong, Shanghai, Beijing, Japan, Spain, Australia, Thailand, Tokyo, Taobao, Bengaluru, Sydney

☆ Who is Alibaba's new CEO Eddie Wu and chairman Joe Tsai?
▼ + stars: | 2023-06-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Eddie Yongming Wu will step in as CEO, while Joe Tsai will take over as chairman on Sept. 10. Eddie Wu, incoming CEOEddie Wu is one of the co-founders of Alibaba, who first served it as a technology director back in 1999. Joe Tsai, incoming chairmanAnother co-founder of Alibaba, Joe Tsai was appointed as the company chief financial officer until 2013 and currently serves as executive vice chairman. He is also the chairman of Alibaba's logistics unit Cainiao, as well as a member of the Taobao and Tmall division. Joe Tsai will take up the role of chairman at Alibaba after current chairman and CEO Daniel Zhang steps down.

Persons: BABA BABA, Daniel Zhang, Eddie Yongming Wu, Joe Tsai, Jack Ma, Eddie Wu, Alibaba, Wu, Eddie Wu's, shouldn't, Jacob Cooke, Cooke, Jp Yim, Tsai, Lazada, Michael Evans Organizations: Alibaba, Ant Group, CNBC, Getty, Brooklyn Nets Locations: China, U.S, Lazada, Europe, Singapore, Asia

☆ Jack Ma reportedly proposed a restructure at Alibaba, and it has echoes of what's been happening at Meta
▼ + stars: | 2023-06-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Alibaba cofounder Jack Ma held a small group meeting with top company execs in May, per LatePost. Alibaba cofounder Jack Ma retired from the company in 2019, but he was back advising the company in late May, per LatePost, a Chinese media outlet. Ma held a small group meeting with executives from the company's e-commerce platforms Taobao and Tmall, LatePost reported on Monday, citing unnamed Alibaba employees. Ma suggested the two Alibaba e-commerce platforms cut out management layers, per the LatePost report. And on Saturday, Ma attended the finals of the Alibaba Global Mathematics Competition in Hangzhou, where Alibaba is based.

Persons: Jack Ma, Ma, LatePost, Alibaba, Mark Zuckerberg's, Michael Evans, Jack Organizations: execs, Meta, Michelin, University of Hong, CNBC Locations: Silicon Valley, China, Hong Kong, Singapore, Douyin, Bangkok, Thai, Hangzhou, University of Hong Kong, Japan, Tokyo

☆ Jack Ma appears at an Alibaba event in China days after an executive says he's 'alive' and 'happy'
▼ + stars: | 2023-06-18 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Ma taught his first class at the University of Tokyo last week, per the South China Morning Post. Jack Ma has popped up at an Alibaba event, just a few days after its president described him as "alive" and "happy." Hong Kong's South China Morning Post reported he took his first class on June 12 at the institution. He's well, he's happy. He's teaching at a university in Tokyo, spending more time in China," he said, per CNBC.

Persons: Jack Ma, Ma, Michael Evans, Jack Organizations: Alibaba, Bloomberg, University of Tokyo, China Morning, Damo Academy, China Morning Post, CNBC Locations: Hangzhou, Thailand, Bangkok, Beijing, China, Tokyo

☆ Alibaba founder Jack Ma is 'alive' and 'happy,' top exec says after China's tech crackdown
▼ + stars: | 2023-06-16 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

In this article BABABABA Follow your favorite stocks CREATE FREE ACCOUNTAlibaba founder Jack Ma is "happy," according to the company's President Michael Evans. Costfoto | Future Publishing | Getty ImagesPARIS — Alibaba founder Jack Ma is "alive" and "happy," the Chinese e-commerce giant's president said Thursday, after speculation continues about the billionaire's activities following Beijing's intense crackdown on his tech empire. He's well, he's happy. He's teaching at a university in Tokyo, spending more time in China," Alibaba President Michael Evans said at the Viva Tech conference in Paris. He cares ... as much about this company today, as he did when he started, and I expect that that will continue for as long as Alibaba and Jack Ma are here.

Persons: BABA BABA, Jack Ma, Michael Evans, Te, Alibaba, Jack, Ma, Maurice Levy Organizations: Getty, PARIS, Viva Tech, Ant Locations: Tokyo, China, Paris, Beijing

☆ Alibaba to launch local versions of its China e-commerce site in Europe
▼ + stars: | 2023-06-15 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Michael Evans, President of Alibaba Group, said that the firm will bring its Tmall e-commerce site to Europe. Michael Evans, president of Alibaba, said the company will bring one of its China e-commerce services Tmall into Europe. In China, Tmall is an Alibaba site and app that has a big focus on selling foreign brands to Chinese consumers. Launching Tmall in Europe reflects a significant shift in strategy for Alibaba in its international e-commerce operations. However, Evans' suggestion is that Tmall in Europe would focus on selling local brands to local shoppers.

Persons: Michael Evans, PARIS —, Alibaba, Evans Organizations: Alibaba, PARIS, Viva Tech, Shipping, AliExpress, Tmall, Digital Commerce Locations: Europe, China, Paris, France, Spain

☆ Alibaba aims to expand local business in Europe, president says
▼ + stars: | 2023-06-15 | by ( Silvia Aloisi | ) www.reuters.com time to read: +2 min

[1/2] A man walks past a logo of Alibaba Group at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/File PhotoPARIS, June 15 (Reuters) - Alibaba Group (9988.HK) will make Europe top priority as it focuses on building local businesses and online platforms outside China, the president of the e-commerce giant said on Thursday. "We have started with a pilot project in Spain which we will expand across Europe," he said. Its e-commerce business is to be split, with one side covering Alibaba's domestic-facing e-commerce marketplaces and the other its overseas e-commerce marketplaces such as Lazada, which serves Southeast Asia, and AliExpress. Taobao and TMall are China's dominant e-commerce marketplaces in China.

Persons: Tingshu Wang, J, Michael Evans, Alibaba, Jack Ma, Ma, Jack, Evans, Silvia Aloisi, Benoit Van Overstraeten, Jason Neely Organizations: Alibaba Group, REUTERS, Alibaba, HK, Thomson Locations: Beijing, China, Europe, Paris, Spain, Southeast Asia, Japan, Australia, Thailand, Tokyo, Alibaba

☆ TikTok loves book 'tropes' and authors are feeling the pressure to use them as the platform becomes a powerful marketing tool
▼ + stars: | 2023-05-30 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

A common way to quickly discuss book plots on TikTok is through tropes, or specific themes that recur in many stories. The focus on tropes has to do with the short nature of videos on TikTok, creators told Insider. The success of tropes puts pressure on authors to try themFor authors, seeing these types of plots find success on the platform can be a double-edged sword. She decided to try writing a romance novel incorporating popular tropes like "enemies to lovers." Some creators worry the focus on tropes on TikTok may be limiting authors' visions.

☆ Alibaba plans $1 billion investment in Turkey, Sabah reports
▼ + stars: | 2023-01-08 | by ( ) www.reuters.com time to read: +1 min

Turkey's Sabah newspaper reported Evans as saying in an interview that the company was looking to invest in Europe and the Middle East and that he sees Turkey as a very strong production base. "We have a serious investment plan at Istanbul Airport. We can evaluate e-export plans from here to Europe, the Middle East and the Far East. We plan an investment of more than $1 billion," Evans was quoted as saying. We are positioning this place as a base for Europe and the Middle East," he said.

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