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The Latest Breaking News from Alibaba

3 Mega-Cap Tech Stocks with More Than 20% Upside Potential

The tech sector has had a breakout year already, but analysts are still looking for significant upside from a few notable big-cap names. Here's a look at what Wall Street is expecting from Alibaba, Advanced Micro Devices, and Taiwan Semiconductor.

Barchart

Is Smart Money Watching Alibaba Group Holding (BABA)?

Chinese e-commerce giant Alibaba Group Holding (BABA) has topped topline estimates for the last quarter and could attract attention from smart money. Does this mean the stock is a buy now? Let’s look at its financial metrics to gauge its prospects….

StockNews.com

Chinese Companies Spend $5 Billion on Nvidia GPUs for AI Projects

In a race to hoard computing power, Chinese Big Tech companies Baidu, ByteDance, and Alibaba have already ordered $1 billion-worth of Nvidia GPUs this year - and have added an extra $4 billion for purchases to be delivered throughout 2024.

Tom’s Hardware

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China’s Internet Majors Downsize to Weather Business Headwinds

Survey finds that six of the 10 biggest players slashed payrolls last year, including Tencent, Meituan and Alibaba

Caixin Global

India or China? How to invest in the coming Asia boom

NEW DELHI/BEIJING: Money managers are navigating an historic shift: India’s population, at 1.43 billion, edged past China’s this year.

The Times of India

Are Investors Interested in Buying or Selling Alibaba Group Holding (BABA) This Month?

Years-long regulatory scrutiny on Alibaba’s (BABA) affiliate Ant Group recently ended with a fine, indicating that Beijing is wrapping up its crackdown on tech firms. Moreover, the e-commerce giant’s prospects look promising with new offerings and strategic partnerships. But as the company missed its fourth-quarter revenue estimates, let’s find out…

StockNews.com

3 Undervalued Tech Stocks to Buy in August

Tech stocks have rallied impressively in 2023 - but Amazon, Alibaba, and PayPal are still well below their all-time highs. Is now the time to buy?

Barchart

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Men sentenced for selling unauthorised Covid-19 tests during pandemic

Ron Huss-Smickler, 41 from Birmingham, and Steven Lawrence Beckford, 39 from Edgbaston, bought the non-certified coronavirus tests from Alibaba.

The Independent UK

4 Reasons to be Bullish on Alibaba Stock

Alibaba has been underperforming the markets since late 2020, but the stock looks attractive at these levels as China vows to support the country's economy, as well as the tech sector.

Barchart

The growing list of Chinese elites who disappear but later resurface subdued

Foreign minister Qin Gang’s mysterious absence and replacement follows a pattern of falls from grace for rising stars

The Guardian - UK

Chinese Kit Converts Classic VW Beetle To Electric For Just $2,000

The classic Volkswagen Beetle from the 1960s and 1970s was powered by an air-cooled four-cylinder engine that made roughly 40 horsepower when new.

InsideEVs

Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program

Chinese e-commerce giant Alibaba has said it will not sell any shares in its one-third shareholding in financial technology company Ant Group Co_ because it wants to retain its stake in an “important strategic partner.”

The Independent UK

How is Alibaba (BABA) Holding up as We Near July End?

With the possibility of regulatory scrutiny coming to an end, is Chinese tech giant Alibaba Group (BABA) a buy after the launch of its generative AI tool? Let’s take a look at its financial metrics to gauge its prospects….

StockNews.com

China just gave the world a blueprint for reigning in generative A.I.

China’s top internet regulator released new regulations governing generative A.I. that address some of the technology’s most pressing issues.

Fortune

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Fortune

Jack Ma, once Asia’s richest person, has seen more than half of his $61 billion fortune wiped out in the past 3 years

Beijing cracked down on the companies Ma founded after he publicly criticized Chinese regulators.

Bangkok Post

Shopping the next frontier for TikTok

JAKARTA: Inside a shophouse in Northeast Jakarta, dozens of salespeople take turns peddling cosmetics, contact lenses and hair accessories. A woman helps a potential customer choose the right shade of lipstick for her skin tone, while a man yells out the latest markdown on vitamin tablets.

Bangkok Post

Chinese tech firms handed massive fines

BEIJING: Chinese regulators said on Friday they had fined the fintech giant Ant Group almost $1 billion for “illegal acts” and handed an affiliate of rival Tencent a $415-million penalty, adding that a long-running crackdown on technology companies was drawing to a close.

Salon

Key Trumper works at China lobbying firm

"Susie could put Trump away for years in just one minute of testimony to Jack Smith," GOP operative says

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Caixin Global

Weekly Must-Read: China Joins Effort to Avert Sovereign Debt Crisis

Nation fills new role as top creditor to poor countries rattled by the worst debt crisis since the 1980s

Tribune News Service

Billionaires and bureaucrats mobilize China for AI race with US

China’s tech sector has a new obsession: competing with U.S. titans like Google and Microsoft Corp. in the breakneck global artificial intelligence race.

Bangkok Post

Chinese billionaires go all-in on AI

China’s tech sector has a new obsession: competing with US titans like Google and Microsoft in the breakneck global artificial intelligence "arms race".

Bangkok Post

Alibaba entrepreneur masterclass seeking applicants

The first global edition of Alibaba Netpreneur Masterclass is accepting applications from entrepreneurs worldwide, including Thailand, who are interested in gaining insights into the digital economy, until July 14.

Caixin Global

Shanghai Composite Index Fell 1.31% on Wednesday

Shenzhen Component Index closed down 2.18%

Kiplinger

Stock Market Today: Stocks Close Lower Ahead of Powell Testimony

Energy stocks were some of Tuesday's biggest decliners, while Alibaba slid on a C-suite shake-up.

The Independent UK

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies

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