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The Latest Breaking News from Alibaba

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…

Benzinga

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

Benzinga

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.…

Benzinga

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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.

Benzinga

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…

Benzinga

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

Benzinga

This Major Alibaba Investor Has Tripled Stock Buyback To $1.1B

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) bought ¥141.4 billion ($1.1 billion) worth of shares in March, versus ¥46.2 billion of shares in February, more than tripling the size of its share buybacks. The buyback, coupled with a 7.6% jump in Alibaba Group Holding Ltd's (NYSE:BABA) shares, helped SoftBank cap a monthly stock-price gain of 8.5%, a…

Benzinga

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This Alibaba Rival's Founder Steps Down As CEO: What You Need To Know

JD.com (NASDAQ: JD), which has emerged as a potent rival to e-commerce giant Alibaba Group Holdings, Inc. (NYSE: BABA) is seeing a change of guard at the helm.

Benzinga

Why Alibaba And Other Stocks Are Plunging In Hong Kong Today

Shares of U.S.-listed Chinese tech companies — Alibaba Group Holdings Ltd.

Benzinga

Citi Slashes Alibaba's Price Target By 12% As COVID Resurgence Looks To Dampen Growth

Citi analyst Alicia Yap lowered the price target on Alibaba Group Holding Ltd (NYSE:BABA) to $177 from $200 (59.5% upside) and kept a Buy rating on the shares. Amid the widening spread of COVID cases and city lockdowns, the analyst thinks overall economic activities in China have been negatively affected, which has drained Alibaba's profit…

Benzinga

Alibaba Down 4.5%, JD Down 4.9%: What's Driving Hong Kong Markets Lower Today

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

Benzinga

Alibaba Stock Provides A Trade For Bulls, Bears: Here's How To Trade This Pattern

Alibaba Group Holdings, Ltd (NYSE: BABA) was trading over 5% lower on Tuesday amid an ongoing COVID-19 surge in China that has been met with intensifying restrictions, lockdowns in cities across the country and workplace closures.

Benzinga

Why Alibaba, Baidu And Nio Shares Are Trading Lower

Shares of several Chinese stocks including Alibaba Group Holding Ltd (NYSE: BABA), Baidu Inc (NASDAQ: BIDU) and Nio Inc (NYSE: NI

Benzinga

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

Shares of Alibaba Group Holdings Ltd. (NYSE: BABA), JD.Com Inc. (NASDAQ: JD), Tencent Holdings (OTCMKTS: TCEHY), Baidu Inc. (NASDAQ:

Benzinga

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Investors Business Daily

Dow Jones Gains; Twitter Stock Explodes As Elon Musk Invests; Donald Trump SPAC Plummets

The Dow Jones gained. Twitter exploded on news Tesla CEO Elon Musk has bought shares. The Donald Trump SPAC plummeted.

Investors Business Daily

The Gift Chinese Regulators Just Gave Tech Stocks Like Alibaba And BeiGene

A handful of tech stocks popped Monday after Chinese regulators axed an auditing hurdle for China-based companies trading in the U.S.

Benzinga

Benzinga's Daily Brief On Trending Tickers For April 4, 2022: Twitter, AMD, Alibaba And More

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks.

Benzinga

Why Alibaba, Nio And Pinduoduo Shares Are Trading Higher Today

Shares of several Chinese stocks, including Alibaba Group Holding Ltd (NYSE: BABA), NIO Inc (NYSE: NIO) and Pinduoduo Inc (NASDAQ:

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Benzinga

Why Alibaba, Nio Could See Relief From Regulatory Overhang On Chinese Stocks

After the steep drop seen in U.S.-listed Chinese stocks amid delisting fears, China has shown willingness to arrive at a resolution.

Benzinga

Why Alibaba, Nio And Pinduoduo Shares Are Rising Today

Shares of several Chinese stocks, including Alibaba Group Holding Ltd (NYSE: BABA), Nio Inc (NYSE: NIO) and Pinduoduo Inc (NASDAQ:

Benzinga

Tencent's WeChat Suspends NFT Accounts To Appease Chinese Regulators

Tencent Holdings Ltd's (OTC:TCEHY) WeChat messaging app suspended some non-fungible token accounts to comply with China's regulatory bindings, CNBC reports. Tencent also rectified the public accounts on WeChat to prevent speculation risks in digital currency transactions. WeChat clarified that the official accounts verified by Tencent can display digital collectibles but cannot offer…

Benzinga

Why Alibaba And Tesla Rivals Xpeng, Li Auto Are Sliding In Hong Kong Today

Shares of U.S.-listed Chinese tech companies traded notably lower in Hong Kong on Thursday, dragging the benchmark Hang Seng Index into negative territory after three straight days of gains.

StockNews.com

Vipshop Holdings vs. Alibaba: Which Chinese Internet Retail Stock is a Better Investment?

Today I'll analyze and compare Vipshop Holdings (VIPS) and Alibaba Group (BABA) to determine which Chinese e-commerce stock is currently a better investment.

Benzinga

Tesla Rivals Nio, Xpeng Jump 6%, While Alibaba Ticks Down: What's Moving Hong Kong Markets Today?

Shares of U.S.-listed Chinese tech companies mostly traded higher in Hong Kong on Wednesday as the benchmark Hang Seng Index rose for a third straight day.

Benzinga

Alibaba Spearheads $60M Funding Round For Nio-Backed AR Startup Nreal

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) led a $60 million funding round for Nio Inc. (NYSE: NIO)-backed augmented reality glasses maker Nreal,

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