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The Latest Breaking News from Alibaba

Asian markets extend rally as bargain-buyers boost Hong Kong

Hong Kong (AFP) - Asian markets rose again Tuesday, building on the strong start to the week as traders look ahead to the Federal Reserve's policy decision, hoping it will signal a more dovish approach to fighting inflation.

AFP

Former Retail Star Gome Hobbled by Declining Revenue, Heavy Debt

Key Takeaways: Gome’s revenues are falling sharply despite gains for its online business, as tumbling sales at its brick-and-mortar stores lead to layoffs and closures

Benzinga

Alibaba Falls Over 3%, Nio Plunges 6%: Hang Seng Opens Weaker As China COVID Curbs, Earnings Season Fray Nerves

Hong Kong shares opened in the red on Friday, with the benchmark Hang Seng falling 1.5%, as mixed earnings prompted traders and investors to pare positions before the end of the week.

Benzinga

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Alibaba tools help vendors cash in on 11:11 festival

Chinese e-commerce giant Alibaba Group Holding has vowed to support merchants with the necessary tools to help them succeed in its 11.11 global shopping festival, which was officially launched yesterday.

Bangkok Post

Pinduoduo Finds Early Success in U.S. E-Commerce. Now Comes the Hard Part

Key Takeaways: Nearly two months after its launch, Pinduoduo’s cross-border e-commerce Temu app is among the top U.S. e-commerce apps based on new download rankings Despite its early success, the app will face a series of challenges in its target U.S. market, including cutthroat competition and high marketing expenses

Benzinga

Alibaba, JD Put Up Resistance As Hang Seng Index Falls Below 15,000 Level For 1st Time Since 2009

Hong Kong stocks traded mixed on Tuesday with the benchmark Hang Seng Index falling over 1% in morning trade as investors continued to flee mainland Chinese stocks following President Xi Jinping’s historic consolidation of power.

Benzinga

China Stocks Turn Into Sea Of Red After President Xi Jinping Tightens Grip On Power

China stocks faced a bloodbath on Wall Street after President Xi Jinping shock move to consolidate his grip on power.

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Dow Jones Closes Higher: Stocks Strengthen In Late Trading; Chinese Stocks Plunge

The small-cap Russell 2000 lagged the market with a 0.4% gain. The Innovator IBD 50 rose over 1%.

Investors Business Daily

Alibaba Plummets Following Xi Jinping Reelection, Government Reshuffling: What's Happening?

Alibaba Group Holdings, Ltd - ADR (NYSE: BABA) plunged 20% off Friday’s closing price at one point Monday before bouncing up about 6% from the low-of-day.

Benzinga

Alibaba, Nio Fall: Hang Seng Opens Lower Ahead Of Hong Kong Leader John Lee's Policy Speech

Hong Kong stocks opened in the red on Wednesday, with the benchmark Hang Seng opening 0.42% lower ahead of a key speech by the city’s leader John Lee.

Benzinga

What the eclipse of Tencent by a liquor company says about Xi’s China

Kweichow Moutai has overtaken the tech group in market capitalisation thanks to the whims of one man

Financial Times

Xi’s economy sees ‘beautiful life’ in China nationalism, control

Chinese President Xi Jinping is presiding over a new era that prioritises political control over economic development.

Al Jazeera

Alibaba, Nio Jump Over 3%: Hong Kong Shares Rally With Asia On Strong Wall Street Cues, China Inflation Data Tepid

Hong Kong stocks opened in the green on Friday after major Wall Street indices closed over 2% overnight despite high consumer inflation data for September. China’s subdued inflation for September also seems to have lifted sentiments.

Benzinga

Alibaba, Nio Shares Fall: Hang Seng Merely 350 Points Away From 2009 Lows

Hong Kong stocks opened in the red on Thursday as investors shifted focus to U.S. inflation data due later in the day. The benchmark Hang Seng opened 1.11% down and was last seen trading at 16,538, just nearly 350 points away from hitting its 2009 lows.

Benzinga

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Benzinga

Brighter Times Could Beckon for JD.com after Stormy Spell

Key Takeaways: Key factors in a JD share-price rally would be the results of a U.S. regulatory review of Chinese stocks and the expected launch next year of a scheme to promote dual-currency share trading in Hong Kong A settlement in a sexual assault case against company founder Richard Liu…

Benzinga

Alibaba, Nio Shed Over 3%: Hong Kong Shares Continue To Bleed, Semiconductor Rout Spreads Across Asia

Hong Kong stocks opened in the red on Tuesday after the Nasdaq index closed at its lowest level since July 2020 and a semi-conductor stock rout spread across Asian markets like Taiwan and South Korea which opened for trading after the holidays.

Benzinga

Cross-Border E-commerce Trader Zibuyu Files for IPO Despite Sinking Profits

Key Takeaways: Cross-border e-commerce company Zibuyu has filed for a Hong Kong IPO, but could be undermined by its heavy reliance on Amazon and the U.S. market The company’s first-half profit plunged 46% as its merchandise return rates and costs both rose sharply By Stone Shek

Benzinga

Alibaba Sheds 1%, Nio, EV Peers Tank Over 6%: Hong Kong Stocks Open Lower As Focus Turns To US Jobs Data

Hong Kong stocks opened in the red on Friday ahead of the release of the U.S.

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Benzinga

Alibaba, Nio, EV Stocks Fall: Hang Seng's Wednesday Rally Proves A Farce As Index Tracks Weaker Wall Street Close

Hong Kong stocks opened in the red on Thursday after Wall Street indices lost steam following a two-day rally. The benchmark Hang Seng lost 0.52% in opening trade.

Bangkok Post

Lazada chief pursuing sustainable growth

The new chief executive of Lazada Thailand has vowed to pursue sustainable growth by improving the customer experience and support Thai producers exporting their products in Asean.

The Street

Earbuds for $3.70, Dresses for $5 Key Shopping Site's U.S. Launch

Online retailer's founder sees it as a cross between Costco and Disney.

Insider UK

Scottish businesses are 'missing out on export opportunities'

New research from a Chinese e-commerce giant suggests that the biggest barrier is paperwork and customs rules

Benzinga

Asian Bloodbath Continues: Alibaba, XPeng Shed 2%, Yuan Hits Weakest Levels Since 2008

Hong Kong shares opened lower on Wednesday, with the benchmark Hang Seng slipping 2.5%, taking cues from the S&P 500 which fell deeper into the bear territory after hitting a near two-year low. The Chinese yuan hit its lowest level since 2008 and was trading at 7.2296 against the dollar…

Benzinga

Alibaba, XPeng Fall Over 1%: Hang Seng Opens Weaker As Investors Continue To Gauge Impact Of US Fed Rate Projections

Hong Kong stocks opened in the red on Friday, with shares of Alibaba and XPeng falling over 1% each as investors continued to gauge the U.S. Federal Reserve’s rate projections for tackling inflation. The Hang Seng Index fell 0.34% at the open and continues to trade near its 2011 lows.

Reuters

China's livestreaming sales king returns to screens after long absence

China's top livestreaming sales influencer Li Jiaqi reappeared on screens on Tuesday, ending an over three-month-long absence that began after he was cut off abruptly, mid-show, on the eve of the anniversary of the country's Tiananmen Square crackdown.

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