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The Latest Breaking News from Alibaba

Alibaba founder Jack Ma hiding out in Tokyo, reports say

Billionaire rarely seen in public since criticising attitude of China’s regulators towards tech firms in 2020

The Guardian - UK

Dow Jones Falls As China Covid Concerns Ease; Alibaba, JD.com, Pinduoduo Surge

The Dow Jones Industrial Average fell Tuesday, as China Covid-19 concerns eased. Alibaba, JD.com and Pinduoduo surged higher.

Investors Business Daily

Baidu revenue up 2% amid cost-cutting drive

Beijing (AFP) - Chinese internet giant Baidu reported on Tuesday third-quarter revenues of 32.5 billion yuan ($4.6 billion), representing a year-on-year increase of 2 percent.

AFP

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China Internet Stocks Buffeted By Tough Challenges, Slowing Growth

China internet stocks, including Alibaba, JD.com and Tencent, are facing a long list of challenges that have slowed revenue growth.

Investors Business Daily

Market Rally Holds Key Levels, But Breakouts Struggle; Walmart, Target, Nvidia In Focus: Weekly Review

The market rally held support this week, but many stocks flashing buy signals struggled. Walmart, Target and Nvidia were key earnings movers.

Investors Business Daily

JD.com Earnings Top Q3 Estimates As Sales Edge Below Views

China e-commerce firm JD.com reported better-than-expected earnings for the third quarter though sales were a hair light.

Investors Business Daily

Dow Jones Falls After Key Economic Data; Nvidia Drops On Earnings Miss

The Dow Jones Industrial Average sold off Thursday after key economic data. Nvidia earnings missed estimates, sparking a 2% retreat.

Investors Business Daily

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Alibaba reports loss of $2.9 billion in third quarter

Beijing (AFP) - Chinese e-commerce giant Alibaba on Thursday reported a loss of 20.6 billion yuan ($2.89 billion) for the third quarter, as the company grapples with an economic slowdown and an anti-monopoly crackdown.

AFP

Alibaba Quarterly Results Hamstrung By Covid Lockdowns, Regulations

China internet giant Alibaba reported September-quarter results that missed views on the top line but beat on the bottom line.

Investors Business Daily

NBPA VP Jaylen Brown takes aim at Joe Tsai over Kyrie Irving ban: ‘It’s time for a larger conversation’

Jaylen Brown, National Basketball Players Association Vice President and Boston Celtics All-Star, says “it’s time for a larger conversation” now that star Nets guard Kyrie Irving continues to miss games beyond his minimum five-game suspension.

Tribune News Service

Alibaba Up Over 2%, Nio Down 3%: Hong Kong Stocks Mixed As Varying Voices From Fed Cool Rally Down

Hong Kong stocks traded mixed on Tuesday morning, with the benchmark Hang Seng Index trading 1.87% higher, while some electric-vehicle stocks took a hit. Different voices from the U.S.

Benzinga

SoftBank Can't Catch A Break: Fund Invested $100M In FTX

Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses.

Benzinga

Alibaba Climbs As Hang Seng Kicks Off Another Bullish Week: What's Going On?

Alibaba Group Holdings Inc (NYSE: BABA) was trading higher premarket Monday after gaining 1.43% higher in Friday's session as the stock continues to trend in a rising channel pattern that Benzinga

Benzinga

Facebook Stalls Portal & Smartwatch Projects, Visa Breaks Debit Card Tie Up With FTX, $3B Bitcoin Withdrawn From Crypto Exchanges: Top Stories Monday, Nov. 14

Reuters

Benzinga

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Bangkok Post

Alibaba mum on Singles Day sales

SHANGHAI: Alibaba Group has declined to reveal the final sales tally of its annual Singles Day shopping festival for the first time since it started the event in 2009, saying only that results were in line with last year.

AFP

Alibaba keeps Singles Day sales tally under wraps for first time

Beijing (AFP) - Chinese e-commerce giant Alibaba has not released full sales figures for its annual Singles Day event for the first time ever, as a cooling economy dampened demand.

Investors Business Daily

Stock Market Investing Action Plan: Cautious Optimism, As Big Concerns Loom

The stock market rallied after inflation data, but the gains face unresolved election results and rising economic questions.

AFP

Chinese shoppers spend billions but Singles Day more muted

Beijing (AFP) - Chinese shoppers flocked to online commerce giants on Friday, snapping up hundreds of billions of yuan in bargains, though an economic malaise took some shine off the annual Singles Day fever.

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AFP

SoftBank Q2 net profit boosted by sales of Alibaba shares

Tokyo (AFP) - Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from the recent reduction of its stake in Chinese e-commerce giant Alibaba.

The Independent UK

Japan's SoftBank returns to profit as investments rebound

Japanese technology investor SoftBank Group has reported a 3 trillion yen, or $21 billion, profit for the July-September quarter, a sharp reversal from its loss a year ago

The Independent UK

Singles Day 2022: What is the celebration and where did it come from?

It’s the biggest shopping day in the world

Asharq Al-Awsat

China's Singles Day Shopping Spree Enters Final Stretch

China's Singles Day shopping bonanza entered its final stretch Friday, with all eyes on whether sales can top a record one trillion yuan ($140 billion) despite the country's struggling economy. Conceived by technology giant Alibaba, the informal holiday's title riffs on a tongue-in-cheek celebration of singlehood inspired by the four…

AFP

SoftBank posts Q2 net profit after Alibaba share sales

Tokyo (AFP) - Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from its recent reduction of its stake in Chinese e-commerce giant Alibaba.

AFP

China's Singles Day shopping spree enters final stretch

Beijing (AFP) - China's Singles Day shopping bonanza entered its final stretch Friday, with all eyes on whether sales can top a record one trillion yuan ($140 billion) despite the country's struggling economy.

The Independent UK

China's muted Singles' Day shopping fest expects slow growth

China's biggest online shopping festival, Singles' Day, is muted this year with sales numbers expected to grow slowly amid an uncertain economy and COVID-19

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