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The Latest Breaking News from Alibaba

Stocks Lower, Inflation Data On Deck, SVB Lawsuit, Alibaba, Biden

Stocks edge lower, Treasury yields hold gains with inflation in focus; Week Ahead: June cpi data, JP:Morgan earnings highlight; SVB Financial sues FDIC over $1.9 billion deposit seizure; Alibaba edges lower as group mulls Ant Financial buyback offer and President Biden to meet Prime Minister, King Charles, in U.K. Visit.

The Street

Shopping the next frontier for TikTok

JAKARTA: Inside a shophouse in Northeast Jakarta, dozens of salespeople take turns peddling cosmetics, contact lenses and hair accessories. A woman helps a potential customer choose the right shade of lipstick for her skin tone, while a man yells out the latest markdown on vitamin tablets.

Bangkok Post

Alibaba Stock Rises As China Concludes Probe Of Affiliate Ant Group

Chinese authorities on Friday ended a yearslong investigation of fintech company Ant Group, an affiliate of e-commerce leader Alibaba.

Investors Business Daily

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Chinese tech firms handed massive fines

BEIJING: Chinese regulators said on Friday they had fined the fintech giant Ant Group almost $1 billion for “illegal acts” and handed an affiliate of rival Tencent a $415-million penalty, adding that a long-running crackdown on technology companies was drawing to a close.

Bangkok Post

Dow Jones Falls On June Jobs Report; Alibaba Jumps On $1.1 Billion Fine

The Dow Jones dropped Friday morning on a weaker-than-expected June jobs report. Alibaba jumped as the company faces a $1.1 billion fine.

Investors Business Daily

Key Trumper works at China lobbying firm

"Susie could put Trump away for years in just one minute of testimony to Jack Smith," GOP operative says

Salon

Weekly Must-Read: China Joins Effort to Avert Sovereign Debt Crisis

Nation fills new role as top creditor to poor countries rattled by the worst debt crisis since the 1980s

Caixin Global

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Billionaires and bureaucrats mobilize China for AI race with US

China’s tech sector has a new obsession: competing with U.S. titans like Google and Microsoft Corp. in the breakneck global artificial intelligence race.

Tribune News Service

Chinese billionaires go all-in on AI

China’s tech sector has a new obsession: competing with US titans like Google and Microsoft in the breakneck global artificial intelligence "arms race".

Bangkok Post

Alibaba entrepreneur masterclass seeking applicants

The first global edition of Alibaba Netpreneur Masterclass is accepting applications from entrepreneurs worldwide, including Thailand, who are interested in gaining insights into the digital economy, until July 14.

Bangkok Post

Alibaba CEO Steps Down; Buy the Dip in the Stock?

Alibaba Chairman and CEO Daniel Zhang will step down from his role and serve as CEO of the company's upcoming spinoff. Here's the trade.

The Street

Shanghai Composite Index Fell 1.31% on Wednesday

Shenzhen Component Index closed down 2.18%

Caixin Global

Stock Market Today: Stocks Close Lower Ahead of Powell Testimony

Energy stocks were some of Tuesday's biggest decliners, while Alibaba slid on a C-suite shake-up.

Kiplinger

Dow Jones Dips As Boeing Stock Dives On This; These Warren Buffett Stocks Are Near Entries

The Dow Jones fell as Nike and Boeing stock tumbled. A trio of Warren Buffett stocks are near entries. China stock Alibaba plunged.

Investors Business Daily

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news in one place.

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Investors Business Daily

Stock Market Claws Back At Midday; AI Robotics Stock Takes A Break

The major indexes trimmed earlier losses in today's stock market. Filtration stock rallies after analysts' coverage and is a recent IPO.

Investors Business Daily

Dow Jones Falls 375 Points After Key Housing Data; Alibaba Slides As CEO Steps Down

The Dow Jones Industrial Average dropped Tuesday after key housing data. Chinese e-commerce giant Alibaba slid after the CEO stepped down.

The Street

Alibaba CEO Zhang to Step Down and Lead Cloud-Unit Spinoff; Stock Slides

Alibaba Chairman and CEO Daniel Zhang will leave his dual role in September to focus on running the group's soon-to-be separated cloud division.

The Street

Stocks Lower On China Rate Cut, Week Ahead Housing Focus, Alibaba CEO Shake-Up, Intel Ramp, FedEx Earnings - 5 Things To Know

Stock futures lower as China rate cut adds to global market worries; Week Ahead: housing data, earnings wrap-up; Alibaba slides as CEO steps down to run separated cloud business; Intel unveils biggest-ever foreign investment in Germany with $33 billion plant and FedEx earnings on deck with cost cuts, demand forecast…

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The Independent UK

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies

Fortune

Chinese billionaire Jack Ma teaches first class at University of Tokyo as top exec at his tech empire insists he’s ‘alive’ and ‘happy’

The Alibaba cofounder has largely disappeared from public view since criticizing Chinese regulators in 2020.

The Independent UK

Consumption soft even amid deep discounts during major China shopping festival, analysts say

Chinese consumers have been snapping up billions worth of items in China’s first major online shopping festival after emerging from the pandemic as merchants slash prices, but analysts say that consumer confidence still remains weak as China re-emerges from the pandemic

Tom’s Hardware

China's ByteDance Has Gobbled Up $1 Billion of Nvidia GPUs for AI This Year

China's ByteDance has already ordered around 100,000 Nvidia datacenter accelerators in 2023 — more than the entire Chinese market ordered last year.

Barchart

Chinese E-Commerce Companies Undercut by Weak Chinese Economy and Increased Competition

The faltering recovery in China has spurred investors to raise their bearish wagers on Chinese e-commerce stocks. For example, short interest in PDD Holdings (PDD ) has risen to about 8% of total shares outstanding, according to IHS Markit data. That’s higher than e-commerce peers JD.com (JD ) and Alibaba...

StockNews.com

Is Alibaba (BABA) a Good Buy?

Over the last two years, the e-commerce giant Alibaba (BABA) was hit by heavy regulatory scrutiny, brutal competition, and China’s slowing economy. But the stock got a lift this year after the nation’s Covid reopening and easing of regulatory woes. Furthermore, the company announced a restructuring plan designed to enhance…

Caixin Global

Weekly Must-Read: China’s Effort to Move Mountain of ‘Hidden Debt’ Faces Uphill Climb

Local governments’ invisible debt could be as high as almost $10 trillion, double Japan’s GDP, posing a risk of destabilizing the banking and financial sector

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