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The Latest Breaking News from Alibaba

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.

Bangkok Post

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.

AFP

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.

Investors Business Daily

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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.

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.

AFP

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

The Independent UK

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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…

Asharq Al-Awsat

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.

AFP

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

The Independent UK

Alibaba Jumps 7%, Nio Surges 13%: Hang Seng Breaches 17,000-mark For 1st Time Since Mid-October

Hong Kong stocks rose on Friday, with the benchmark Hang Seng opening over 5% higher, as softer-than-expected inflation in the U.S. sparked optimism among investors and traders that price rises may have peaked out.

Benzinga

Alibaba Down 3%, Nio Plunges 9%: Hang Seng Opens In Red As All Eyes Turn to US Inflation Data Release

Hong Kong stocks opened weaker on Thursday, with the benchmark Hang Seng losing 1.84%, as investors eyed Thursday’s inflation data from the U.S.

Benzinga

Alibaba, Nio Fall: Hong Kong Stocks Weaken As China COVID-19 Cases Rise, US Midterm Results Eyed

Hong Kong stocks opened in the red on Wednesday, with the benchmark Hang Seng losing over 1%, as investors and traders await the results of the U.S.

Benzinga

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Benzinga

US Sanctions Make It Crucial For President Xi Jinping To Bring Back Jack Ma: Bloomberg Opinion

China's tech moguls have been walking on eggshells, Bloomberg reported. Alibaba Group Holding Limited&n

The Street

What Is an American Depositary Receipt (ADR)? Definition, Purpose & Example

Most well-known public companies in the U.S. trade on one of the two major American stock exchanges—the NYSE or the Nasdaq. As you may have noticed, however, major foreign companies trade on these exchanges as well despite many not being “officially” listed. So just how does this work? What Are…

Benzinga

Alibaba And Other Chinese Chip Designers Ease Processor Speed To Bypass US Sanctions

Alibaba Group Holding Limited (NYSE: BABA) and start-up Biren Technology tweaked their most advanced chip designs to reduce processing speeds and bypass U.S.-imposed sanctions, the Financial Times

Bangkok Post

Top influencers on China's version of TikTok are twin brothers with over 100m followers

Twin brothers who star in their own video skits about daily life have become the most popular influencers on Douyin, the Chinese version of TikTok, amassing more than 100 million followers in four years.

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news in one place.

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Benzinga

Alibaba Climbs As Hang Seng Bounces In Relief: Here's What's Going On

Alibaba Group Holdings Inc (NYSE: BABA) gapped up over 9% Friday but immediately ran into a group of sellers who knocked the stock down to almost completely fill the empty range.

Benzinga

Musk Reportedly Suspends Twitter Work On Crypto Wallet, Boeing's Jeppesen Hit By Potential Ransomware Attack, Lyft Cuts Workforce: Top Stories Friday, Nov. 04

Reuters

AFP

Stock markets rise as China hopes boost Hong Kong

Hong Kong (AFP) - Asian and European markets rose Friday with Hong Kong leading the way fuelled by hopes China will roll back some of its economically painful zero-Covid policies.

Benzinga

Alibaba, Nio Stocks Surge: Hang Seng Rises Over 3% As Tech, EV Rally Outweighs COVID-19 Worries

Hong Kong shares traded in the green on Friday with the benchmark Hang Seng opening 3.36% higher. Investors and traders seem to have shrugged off a rise in COVID-19 cases in China which hit their highest since August.

Benzinga

Alibaba, Nio Fall Over 5%: Hang Seng Opens Weaker As Fed Stays Hawkish, China Asserts COVID-Zero Policy

Hong Kong shares opened in the red on Thursday, with the benchmark Hang Seng falling over 0.9% in morning trade, after the Federal Reserve’s anticipation of a higher bar for interest rates to rein in inflation

Benzinga

Alibaba, Nio Stocks Fall As Hong Kong Investors Turn Cautious Ahead Of Fed Meet

Hong Kong stocks opened lower on Wednesday morning as all eyes turned toward the Federal Reserve’s policy announcement later in the day. The benchmark Hang Seng fell 0.8% and Xpeng shares fell over 8%, while Nio shares lost over 6%. Alibaba shares lost over 2%.

Bangkok Post

China's economy rotting from the head

China highlights a long-debated question about economic development: Can a top-down autocracy outperform liberal market economies in terms of innovation and growth?

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