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The Latest Breaking News from Alibaba

Mizuho Remains Bullish On JD Post Q1 - Read Why

Mizuho analyst James Lee maintained a Buy on JD.com, Inc (NASDAQ:JD) with a price target of $90 (75% upside). JD beat top line and margins due to its competitive advantage in supply chain and logistics, which enabled the company to gain share. The COVID lockdown impact in 2Q22 was more than Lee's expectation at 5% YoY growth,…

Truist Securities Maintains Buy Rating for Alibaba Group Holding: Here's What You Need To Know

Truist Securities Maintains Buy Rating for Alibaba Group Holding: Here's What You Need To Know

Truist Securities has decided to maintain its Buy rating of Alibaba Group Holding (NYSE:BABA) and lower its price target from $180.00 to $132.00. Shares of Alibaba Group Holding are trading down 2.51% over the last 24 hours, at $89.68 per share.

Tencent Misses Q1 Revenue As Regulatory Crackdown Takes Its Toll

Tencent Misses Q1 Revenue As Regulatory Crackdown Takes Its Toll

Tencent Holding Ltd (OTC:TCEHY) reported first-quarter FY22 flat revenue growth year-on-year to 135.5 billion yuan ($20.1 billion), missing the consensus of 141 billion yuan as China started approving gaming licenses. Revenues from VAS were stable Y/Y at 72.7 billion yuan. Domestic Games revenues decreased by 1% Y/Y to 33.0 billion yuan due to the…

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Alibaba Down Over 2%, Nio Jumps 7%: What's Weighing On Hong Kong Stocks Today?

Shares of U.S.-listed Chinese firms traded mixed in Hong Kong on Wednesday morning, with web search giant Baidu Inc (NASDAQ: BIDU) and electric vehicle maker NIO Inc (NYSE: NIO) among stocks that were in the green.

Alibaba, Other Chinese Stocks Pop As China's Top Economic Official Expresses Support For Digital Platform Ahead Of 2022 Election

China's top economic official offered an unusually public show of support for digital platform companies hinting toward possible ease in the ongoing crackdown, Bloomberg reports. The latest comments may inject much-needed confidence into the capital markets. Tencent Holding Ltd (OTC:TCEHY) and Alibaba Group Holding Limited (NYSE:BABA) combined lost over $1 trillion in market value post…

Alibaba, Tencent To Post Lack-Luster Quarterly Results As Domestic Regulatory Crackdown Takes A Toll

Fastest growing companies like Alibaba Group Holding Limited (NYSE: BABA) and Tencent Holding Ltd (OTC: TCEHY) are struggling to keep up with even the most staid utilities amid

HUYA Misses Q1 Revenue Amid Live Streaming Crackdown, COVID Resurgence

HUYA Inc (NYSE:HUYA) reported a first-quarter FY22 revenue decline of 5.4% year-on-year to $388.8 million, missing the consensus of $435.6 million. Segments: HUYA's Live streaming revenues declined by 10.1% Y/Y to $339.4 million due to lower average spending per paying user on Huya Live. HUYA's advertising and other revenues rose 47.2% Y/Y to $49.4…

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Why Alibaba, Nio, Chinese Peers Are Shooting Up In Hong Kong Today

Why Alibaba, Nio, Chinese Peers Are Shooting Up In Hong Kong Today

Shares of U.S.-listed Chinese firms traded higher in Hong Kong on Tuesday morning, with electric vehicle makers leading gains, while tech majors such as Alibaba Group Holding Ltd (NYSE: BABA) and JD.com Inc (NASDAQ:

What's Going On With Alibaba Stock Today?

What's Going On With Alibaba Stock Today?

Alibaba Group Holding Ltd (NYSE: BABA) shares are trading slightly lower despite a bullish call from JPMorgan on Monday.

Alibaba Downsizes Russia Joint Venture Workforce By 40% Amid Geopolitical, Regulatory Uncertainty

Alibaba Downsizes Russia Joint Venture Workforce By 40% Amid Geopolitical, Regulatory Uncertainty

Alibaba Group Holding Limited's (NYSE:BABA) joint venture in Russia has laid off about 40% of employees, Nikkei Asia reports. It was not clear if there would be more layoffs after some of the laid-off staff chose to leave voluntarily and a few relocated, Reuters reports. Alibaba and Russian partners launched AliExpress Russia joint…

Governments and big tech in playoff for world power

Governments and big tech in playoff for world power

Big tech and the Chinese and US governments are embroiled in a complex relationship of harmony and conflict. We are all at the mercy of the outcome, write Cecilia Rikap and Bengt-Åke Lundvall

Why Alibaba Stock Looks Poised For Reversal

Why Alibaba Stock Looks Poised For Reversal

Alibaba Group Holdings, Ltd (NYSE: BABA) stock is spiking higher on Friday, in tandem with the S&P 500, which was surging over 2%.

Alibaba Continues Organizational Restructuring, Global Diversification To Beat Regulatory Crackdown Blues

Alibaba Continues Organizational Restructuring, Global Diversification To Beat Regulatory Crackdown Blues

Alibaba Group Holding Limited (NYSE: BABA) continues its restructuring activities as planned and international diversification amid the

Alibaba's Ant On Hiring Spree In Singapore As It Faces Regulatory Headwinds In China

Alibaba's Ant On Hiring Spree In Singapore As It Faces Regulatory Headwinds In China

The financial technology giant Ant Group — an affiliate company of the Chinese Alibaba Group Holding Limited (NYSE: BABA) — is expanding in Singapore as it faces regulatory challenges in its home country.

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China’s tech workers face layoff bloodbath amid crackdown, losses

Tens of thousands of workers have been let go amid a regulatory crackdown and overly aggressive expansion.

Alibaba Up 2.8%, Nio Jumps 5.8%: What's Pushing Hong Kong Markets Higher Today

Shares of U.S.-listed Chinese companies traded higher in Hong Kong on Friday, after ending the previous session deep in the red.

Alibaba's first Thailand data centre goes live

Alibaba Cloud, the cloud computing service arm of Chinese e-commerce giant Alibaba Group, has launched its first data centre in Thailand to capitalise on the country's cloud market and support the nation's 20-year strategic plan.

Alibaba And Other Chinese Stock Investors Remain Cautious Over China's Political Body Forum With Leading Firms

China’s top political advisory body looks to host a forum next week with some of the nation’s largest private-sector firms, including Baidu, Inc (NASDAQ:BIDU), Bloomberg reports. While the conference focused on developing China’s digital economy, investors will likely watch for a possible wind-down of its year-long crackdown on the tech sector after a…

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SoftBank reports record $13 billion loss as tech shares tank

Tokyo (AFP) - Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its assets hit by a US tech share rout and a regulatory crackdown in China.

SoftBank reports record $13 bn full-year net loss

Tokyo (AFP) - Japan's SoftBank Group on Thursday logged a record annual net loss after a bruising period that saw its assets hit by a US tech-share rout and a regulatory crackdown in China.

Why Alibaba, Tech Peers Are Slumping In Hong Kong Today

Shares of U.S.-listed Chinese tech firms traded in negative territory in Hong Kong on Thursday amid weak global cues.

Jack Ma's Absence From His Conceived Alibaba Event Raises Curiosity Over His Role In Company

Alibaba Group Holding Limited (NYSE: BABA) founder Jack Ma went missing from its mass wedding ceremony, triggering curiosity over his role in the company,

Norwegian Central Bank Substantially Reduces Stakes In Alibaba And This Chipmaker: Here's What Norges Bought Instead

Amid the ongoing tech rout, Norges Bank made some cosmetic moves on its tech investments, barring a few liquidations and stake builds.

The Guardian - UK

Church of England to pump £3.6bn into parishes and fund more social action

Money will support projects such as food banks, as church seeks to ‘raise its game in its service to the nation’

Alibaba Slips, While Other Tech Peers Climb: What's Weighing On Hong Kong Markets Today?

Shares of U.S.-listed Chinese tech firms traded mixed in Hong Kong on Wednesday at press time.

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