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The Latest Breaking News from Alibaba

Alibaba, JD Stocks Suffer Heightened US Exodus Over Regulatory Clash

Chinese e-commerce giants have seen more of their shares shift to the Hong Kong market as Beijing failed to impress U.S. regulators, Bloomberg reports. Bloomberg saw ~77% of JD.com Inc's (NASDAQ:JD) shares circulating in Hong Kong's clearing and settling system as of April 19, versus 44% at the 2022 beginning. The shift highlighted…

JPMorgan's Chinese Tech Sector Downgrade Proved Costly for Them - Read How

JPMorgan's Chinese Tech Sector Downgrade Proved Costly for Them - Read How

JPMorgan Chase & Co (NYSE:JPM) lost its position as the most senior underwriter for Kingsoft Cloud Holdings Ltd's (NASDAQ:KC) Hong Kong stock offering, Bloomberg reports. The size of the offering in Hong Kong is relatively small, amounting to ~$100 million. The change came after one of JPMorgan's analysts cut the share-price target for the…

Jack Ma's Alibaba Fintech To Grab Majority Ownership Of This Payments Platform

Jack Ma's Alibaba Fintech To Grab Majority Ownership Of This Payments Platform

Jack Ma founded Alibaba Group Holding Ltd (NYSE:BABA) fintech affiliate, Ant Group, is set to become the majority investor in Singapore-based payments platform 2C2P as part of a partnership, Reuters reports. The deal will integrate Ant's Alipay+ payment service with 2C2P's platform used by merchants in Asia, Europe, the Middle East, and the Americas.…

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Why Alibaba, Bilibili, JD Are Trading Lower Today

Chinese tech stocks are extending losses on Tuesday in the pre-market session, seeing further erosion of their already-weakened valuations.

Here's Why Alibaba Shares Are Falling

Shares of several Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA), are trading lower as investors digest recent economic data. Investors also continue to assess the economic impact of a surge in COVID cases in China.

Why Alibaba And Other Stocks Are Not Trading In Hong Kong Today

Shares of US-listed Chinese companies – Alibaba Group Holdings Ltd. (NYSE: BABA), JD.Com Inc. (NASDAQ: JD), Nio Inc.

Alibaba Tech VP Mocks China's Covid Policies; Clarifies Not Resigning

Alibaba Group Holding Ltd's (NYSE:BABA) VP of technology, Jia Yangqing, clarified that he did not resign from the company and had traveled from Shanghai to the U.S. to see a doctor, Global Times reports. Jia traveled from Shanghai to California, the U.S., in the middle of the night because of the situation…

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Why Alibaba Shares Are Falling

Why Alibaba Shares Are Falling

Shares of Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA), are trading lower as investors assess the economic impact of a surge in COVID cases in China.

Why Alibaba Is Sliding, While Other Tech Stocks Are Rising In Hong Kong Today

Why Alibaba Is Sliding, While Other Tech Stocks Are Rising In Hong Kong Today

Shares of U.S.-listed Chinese tech firms JD.Com Inc. (NASDAQ: JD), Tencent Holdings (OTC: TCEHY), and Baidu Inc. (NASDAQ:

With Founder Fading Out, JD.com Moves to Collective Leadership

With Founder Fading Out, JD.com Moves to Collective Leadership

Key takeaways: JD.com’s founder Richard Liu is stepping down from his CEO role but will remain as the company’s chairman focused on long-term strategy Some analysts believe China internet companies face greater risk from regulation at home and abroad than from changes in their top ranks By Ken Lo

Alibaba Undergoes Aggressive Restructuring At Its Cloud Unit

Alibaba Undergoes Aggressive Restructuring At Its Cloud Unit

Alibaba Group Holding Ltd (NYSE:BABA) owned Alibaba Cloud initiated a new round of organizational restructuring, the Pandaily reports. Alibaba Cloud China President Ren Geng resigned for undisclosed reasons. Geng looked to leave as early as 2021 but stayed back. Also Read: Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides…

Charlie Munger-Linked Firm Unloads Nearly $40 Million in Alibaba Stock

Charlie Munger-Linked Firm Unloads Nearly $40 Million in Alibaba Stock

Daily Journal slashes its holdings in the Chinese e-commerce giant by half, cashing in more than 300,000 shares

Alibaba Slips, Tencent, Baidu Extend Gains: What's Weighing On Hong Kong Tech Stocks Today?

Alibaba Slips, Tencent, Baidu Extend Gains: What's Weighing On Hong Kong Tech Stocks Today?

Shares of U.S.-listed Chinese tech companies Alibaba Group Holdings Ltd. (NYSE: BABA), JD.Com Inc.

Is Charlie Munger's Patience Wearing Off? Daily Journal Cuts Alibaba Holdings By Half In Q1

Is Charlie Munger's Patience Wearing Off? Daily Journal Cuts Alibaba Holdings By Half In Q1

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Microsoft Allegedly Exploited Its Influence To Gain Edge Over Amazon, Google, Alibaba: Bloomberg

Some Microsoft Corp (NASDAQ:MSFT) customers and rivals alleged that Microsoft repeatedly used its leverage over one market to hinder competition in another, Bloomberg reports. Microsoft’s practices cut across cloud computing, where it played catch-up, and productivity software, where it dominated. The Windows operating system held a 96% share of the personal-computer market in 2021,…

Alibaba Slumps While JD, Tencent Strike Gains In Hong Kong

Shares of U.S.-listed Chinese tech companies Alibaba Group Holdings Ltd. (NYSE: BABA), JD.Com Inc. (NASDAQ: JD), Tencent Holdings (OTC:

Here's Why UBS Is Cautious On Microsoft, Alibaba

UBS painted a cautious picture of Microsoft Corp (NASDAQ: MSFT) and Alibaba Group Holding Ltd (NYSE: BABA).

UBS Maintains Buy Rating for Alibaba Group Holding, Lowers Price Target To $140

UBS has decided to maintain its Buy rating of Alibaba Group Holding (NYSE:BABA) and lower its price target from $150.00 to $140.00. Shares of Alibaba Group Holding are trading up 0.07% over the last 24 hours, at $103.60 per share.

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Alibaba's Jack Ma Severes Ties With Co-founded Lifestyle Firm

Alibaba Group Holding Ltd (NYSE:BABA) founder Jack Ma Yun and movie star Jet Li have quit Taiji Zen International lifestyle firm, the Global Times reports. Li stepped down as President and GM of Taiji, while Ma led Hangzhou Kunbao Investment Consultancy Co no longer remained a shareholder of the company. Taiji’s official…

HSBC Slashes Price Targets On Alibaba, Baidu Due to China's Covid Surge, Regulatory Crackdown

HSBC analyst Charlene Liu cut the price target on Baidu Inc (NASDAQ:BIDU) to $180 from $195 (31.3% upside) and kept a Buy rating on the shares. The analyst now assumes a worse impact from COVID-19 on the company's core ad and cloud businesses and margins, seeing a recovery only in Q4. Liu reduced the price…

Why This Chinese Internet Giant's Top Execs Took A Deep Pay Cut In 2021

Chinese technology, media and entertainment conglomerate Tencent Holdings Limited (OTC: TCEHY) is among the high-profile companies in the country to fac

China Cracks Down Upon Tencent, Other Tech Giants Over Algo Abuse; Questions Alibaba, Others To Address Job Cuts

China looks to rein in the potential abuse of algorithms by internet giants from ByteDance Ltd to Tencent Holdings Ltd (OTC: TCEHY), Bloomberg reports. The Cyberspace Administration of China looks to inspect how social media platforms serve up ads and content to hook users, especially the large-scale websites, platforms, and products with significant influence.…

Here's Why Alibaba, Tencent Are Slumping For A Third Straight Day In Hong Kong Today

Shares of U.S.-listed Chinese tech companies Alibaba Group Holdings Ltd. (NYSE: BABA), JD.Com Inc.

Yet Another Analyst Slashed Alibaba's Price Target, Outlook Following China's Covid Outbreak

Benchmark analyst Fawne Jiang reduced the price target on Alibaba Group Holding Ltd (NYSE:BABA) to $220 from $235 (104.3% upside) and kept a Buy rating on the shares. Jiang cut her fiscal Q4 revenue forecasts in China commerce direct sales to reflect the disruption of offline businesses due to COVID lockdowns. Jiang lowered International Retail…

Why Alibaba, Nio And Pinduoduo Shares Are Falling Today

Alibaba Group Holding Ltd (NYSE: BABA), NIO Inc (NYSE: NIO) and Pinduoduo Inc (NASDAQ: PDD) shares are trading lower Thursday

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