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The Latest Breaking News from Alibaba

Alibaba Fights Through Multiple Obstacles To Report Quarterly Earnings Beat

Alibaba reported quarterly results early Thursday, as the China e-commerce giant beat estimates. BABA stock jumped.

Investors Business Daily

Dow Jones Futures Rise: Nvidia Earnings Lift Chips; S&P 500 Set To Bounce From Key Support

The S&P 500 tested its 50-day moving average Wednesday. Nvidia jumped late as the chip giant headlined overnight earnings.

Investors Business Daily

2 China Stocks That Could Be Better Buys Than Alibaba in 2023

Amid the reopening of China’s economy, stocks are expected to see a significant rebound. Therefore, investors could invest in fundamentally strong stocks Hello Group (MOMO) and China Automotive Systems (CAAS) instead of Alibaba Group (BABA). Read more….

StockNews.com

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China Internet Stocks Slammed On Fear Of Growing Competition

JD stock and other China internet stocks dropped as JD plans to spend $1.5 billion to create a subsidiary, raising fears of more competition.

Investors Business Daily

Hackers scored data center logins for some of the world’s biggest corporations more than a year ago. Now they’re selling that information

In an episode that underscores the vulnerability of global computer networks, hackers got ahold of login credentials for data centers in Asia used by some of the world’s biggest businesses, a potential bonanza for spying or sabotage, according to a cybersecurity research firm.

Tribune News Service

Weekly Must-Read: China’s Hunt for Strategic New Energy Minerals

Pursuit of key minerals intensifies as U.S., Canada and Australia restrict Chinese access to “strategic” materials

Caixin Global

Charlie Munger Reveals What Stock He's 'Addicted' To

Charlie is the second largest individual holder of this company's stock.

The Street

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'Big Short' Michael Burry Invests in MGM Casinos And Chinese Giant Alibaba

The legendary investor has acquired shares of hotel and casino giant MGM Resorts International and of Chinese retailers Alibaba and JD.com.

The Street

'One Of The Biggest Mistakes I Ever Made': Charlie Munger Regrets Major Investment

The Berkshire Hathaway vice chairman opens up about an investment misstep in remarks at the Daily Journal annual meeting.

The Street

Sabuy aims to capture society’s basic needs

Founded as a top-up machine operator in 2015, Sabuy Technology Plc has shifted focus to a commerce lifestyle platform provider, aiming to become an infrastructure operator in that sector regionally by next year.

Bangkok Post

First came fast-fashion giant Shein. Now other Chinese brands are gunning for the same success

For nearly two decades, Bowen Tsui's family business in China has made garments to order for foreign clients to sell overseas under their own labels. Now, he believes the company's survival depends on whether it can design, brand and distribute clothing by itself.

Los Angeles Times

Dow Jones Futures Rise As Disney Jumps; Why This Market Rally Still Looks Healthy

The market rally fell Wednesday as Google dived, but it still looks healthy. Disney leads overnight earnings movers.

Investors Business Daily

Chill pervades China's tech firms even as crackdown eases

A grinding crackdown that wiped billions of dollars of value off Chinese technology companies is easing, but the once-freewheeling industry is bracing for much slower growth ahead

The Independent UK

Jack Ma Meeting Rumor Sends Stock of Thai Giant’s Unit Soaring

CP Group subsidiary Chia Tai Enterprises traded at HK$6.98 at one point on Wednesday, more than eightfold Monday’s opening price

Caixin Global

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The Independent UK

Asian shares mixed after last week's gains on Wall Street

Shares are trading mixed in Asia after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four

Investors Business Daily

Stock Market Gives Back Modest Gains; Insurance Stock Tanks

Insurance and bank stocks weighed on major stock market indexes. Gaming and entertainment stock soars.

The Street

Meme Stock Billionaire Ryan Cohen Builds Stake in China Tech Giant Alibaba

Just days after China said it would loosen its grip on tech giants such as Alibaba, reports indicated billionaire activist Ryan Cohen has built a multi-million stake.

The Guardian - UK

China to take ‘golden shares’ in tech firms Alibaba and Tencent

Move marks shift in focus by Beijing as it tries to extend influence and keep sector in check

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news in one place.

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Caixin Global

Weekly Must-Read: China Wraps Up Two-Year Tech Crackdown

Central bank and banking regulator’s Guo Shuqing sends first signal that sector led by Alibaba, Tencent, Didi and Meituan may finally be off the hook

The Japan News/Yomiuri

Beijing seen shifting stance over control over major IT companies

BEIJING -- The Chinese Communist Party and the government is increasingly believed to be loosening its tight controls on the country's major IT firms, such as Alibaba Group Holding Ltd.

Investors Business Daily

Alibaba Keeps Climbing As It Gets More Good News From China Regulators

BABA stock climbed as it received good news that government officials will ease a two-year regulatory clampdown on Internet companies.

The Street

The Fed and 5 Stocks to Watch Monday: Catch Us Live at 9:30 ET

As Wall Street returns for the first full trading week of 2023, here's why we're turning our attention to Goldman Sachs, Alibaba, Biogen, Macy's, Lululemon and more.

The Street

Alibaba Stock Gains As Jack Ma Cedes Ant Control, Beijing Eases Crackdown

“We’ll encourage (tech platforms) to come out strong in leading economic growth, creating more jobs, and competing globally,” said CCP secretary Guo Shuqing.

Al Jazeera

Billionaire Jack Ma to cede control of China’s Ant Group

Business magnate Jack Ma who controlled over 50 percent of the fintech giant’s shares will now hold just 6.2 percent.

Bangkok Post

Billionaire Jack Ma chills in Bangkok

Billionaire Alibaba founder Jack Ma has been chilling in Bangkok this week amid reports that he is taking more steps to scale back his personal involvement with his online empire.

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