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The Latest Breaking News from Alibaba

'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

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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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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

The Independent UK

Stock Market Gives Back Modest Gains; Insurance Stock Tanks

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

Investors Business Daily

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 Street

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

The Guardian - UK

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

Caixin Global

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.

The Japan News/Yomiuri

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.

Investors Business Daily

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news in one place.

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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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AFP

Jack Ma to cede control of China's Ant Group

Beijing (AFP) - Jack Ma will cede control of Chinese fintech giant Ant Group, the company announced Saturday, following a Communist Party crackdown on the nation's tech sector that targeted the charismatic billionaire.

Investors Business Daily

Pick Yourself Up From Setbacks With This Underappreciated Trait

You might think you have things planned to a T. But problems happen. The key is how well you respond with resilience to setbacks.

The Independent UK

Chinese regulators approve capital expansion for Ant Group

Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure

ABC News

Tao Huabi's Lao Gan Ma chilli sauce is a beloved household staple but will her Chinese success story continue?

For decades, Tao Huabi's Lao Gan Ma chilli crisp sauce has dominated China's spicy sauce market but, now, a cloud of competition is looming over her chilli empire.

Bangkok Post

Alibaba's free trade hub in Thailand begins trial operation

A free-trade-zone project in Thailand, launched in 2018 by Alibaba Group Holding while company founder Jack Ma was still CEO, has finally started trial operation.

Investors Business Daily

Alibaba, Baidu And Other China Stocks Jump As Covid Restrictions Ease

Alibaba stock and that of other technology companies saw their stocks jump as China officials curtailed many Covid restrictions.

Investors Business Daily

5 China Stocks Near Buy Points Right Now

Several China stocks are doing well, setting up near potential buy points or early entries.

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