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The Latest Breaking News from Alibaba

All in the Family: Cash-strapped ZhongAn Taps Chairman's Ties to Fund a Money-losing Unit

Key Takeaways: Sinolink will buy about 156 million new shares in ZhongAn’s overseas business development unit, ZhongAn International, for about $103 million The deal comes in a difficult year for ZhongAn, whose own cash holdings are dwindling By Warren Yang

Benzinga

Alibaba, Nio Rise Over 1% As Hong Kong Tech Stocks Cheer Wall Street Rebound: Cautious Investors Eye Key Fed Event

Major U.S.-listed Chinese tech and electric-vehicle stocks rose in Hong Kong on Thursday, with Alibaba and Nio adding over 1%, tracking an upbeat overnight finish on Wall Street.

Benzinga

Alibaba, Nio Fall Over 2% In Weak Hang Seng Opening: Why Investors Are Focused On Fed's Beige Book, ECB Move

Hong Kong stocks opened lower on Wednesday, with the benchmark Hang Seng Index down 1.43%, as investors braced for the release of the U.S. Federal Reserve's Beige Book (a commentary on economic conditions) due later today and the European Central Bank's policy decision on Thursday.

Benzinga

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U.S.-China Audit Deal Won't Slow Hong Kong Dual Listing Train, Analysts Say

Key Takeaways: Despite a landmark U.S.-China information-sharing agreement, some predict dual listings in New York and Hong Kong will remain the preferred choice for Chinese stocks UBS estimates Hong Kong Stock Exchange trading volume could rise up to 25% if all U.S.-traded Chinese stocks delist from New York and move…

Benzinga

Lazada ready for push into Europe

Lazada is preparing to make its first foray into Europe, building on the success of the Alibaba-owned e-commerce platform in Southeast Asia, as it seeks to take on rivals such as Amazon.com and Zalando.

Bangkok Post

Alibaba, JD, Nio Shoot Up Over 2%: Hang Seng Shadows Firmer Wall Street Ahead Of Powell's Jackson Hole Speech

Hong Kong stocks opened higher on Friday, tracking an upbeat Wall Street session overnight, as investors braced for U.S. Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole summit due later in the day.

Benzinga

Why Alibaba Stock Looks Set To Soar Higher

Alibaba Group Holdings, Ltd (NYSE: BABA) opened lower on Wednesday but surged over 7% off the open at one point intraday to trade up about 3.8% off Tuesday's closing price.

Benzinga

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Is Tencent Winding Down Its Big Investments?

Key Takeaways: Reuters reported Tencent might sell some or all of its Meituan holdings this year, though Tencent called the report ‘inaccurate’ Some think Tencent might sell other stakes in its more than 70 U.S.- and Hong Kong-listed portfolio companies to raise funds to buy back its shares By Fai…

Benzinga

Alibaba, Nio, Most Peers Buck Weaker Hang Seng Open After Wall Street Slide As Focus Turns To Jackson Hole Summit

Hong Kong's benchmark stock index opened lower on Tuesday morning, tracking a weak finish overnight on Wall Street on the back of rate-hike fears, as investors looked toward U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Summit later this week.

Benzinga

GigaCloud Joins Wall Street Parade of China Meme Stocks

Key Takeaways: GigaCloud’s shares quadrupled in their New York trading debut, as the company became the latest newly listed Chinese stock in the U.S. to post massive early gains

Benzinga

Secoo's Online Luxury Dream Ends in Bankruptcy, Sea of Discontent

Key Takeaways: Online luxury goods reseller Secoo has filed for bankruptcy after its business stumbled under Covid-related disruptions and internal missteps Company’s Nasdaq-listed shares now trade at around $0.24, a fraction of the $13 they sold for in better times at its 2017 IPO By Shirley Lau

Benzinga

Alibaba, EV Stocks Fall, Tencent Bucks The Trend After Earnings Report: Hang Seng Index Today

Hong Kong’s Hang Seng index opened in the red on Thursday, losing 0.39% in morning trade, following a sluggish session on Wall Street on Wednesday. The U.S. Federal Reserve has indicated more rate hikes according to the minutes of its policy meeting. However, it did indicate the pace of the…

Benzinga

Chinese tech giants submit 'top secret' algorithms to Beijing regulator

Chinese tech giants including Alibaba, Tencent and ByteDance – the parent company behind the TikTok video app – have submitted details of algorithms used in some of their products to China's state regulator, in an unprecedented move that strengthens Beijing's oversight of the sector.

Radio France Internationale

H&M Returns to Alibaba’s Tmall, 16 Months After Xinjiang Controversy

Swedish fashion giant H&M's (HMb.ST) official store on Alibaba's (9988.HK) Tmall e-commerce platform has re-opened, 16 months after the Chinese site took it down following the brand's criticisms of human rights abuses in Xinjiang. The re-opening was first noticed by Chinese netizens and confirmed by a Reuters search of the…

Asharq Al-Awsat

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Benzinga

Alibaba Muted But Hong Kong Stocks Overall Show Momentum, Looking Past Weak China Economic Data

Hong Kong’s benchmark index Hang Seng index opened in the green on Tuesday, gaining 0.34%, seemingly moving past concerns related to underwhelming economic data reported a day earlier.

Benzinga

Benzinga Before The Bell: Tesla's China Sales Plunge, Snap Rolls Out Parental Control Features, White House Unaware of Raid On Trump's Mar-a-Lago And Other Top Financial Stories Tuesday, August 9

CNBC

Benzinga

Alibaba Gains 1%, JD Sheds 2%: Hang Seng Opens Lower As All Eyes On US Inflation Data

Hong Kong shares were mixed on Tuesday morning, with the benchmark Hang Seng Index down more than 0.1%, as investors looked ahead to crucial U.S. inflation data that will decide the course of further rate hikes by the Federal Reserve. Shares of Alibaba rose 1.5% in opening trade, while those of JD.com lost…

Benzinga

Alibaba Slips 1%, Nio, XPeng Rise Over 3%: Hang Seng Opens Firmer After Mixed Wall Street Session

Hong Kong’s benchmark Hang Seng Index opened in the green on Friday, gaining 0.3% in morning trade, even as Wall Street ended on a mixed note overnight ahead of the release of a U.S. jobs report.

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Benzinga

Gold Tops 1,800; Alibaba Reports Upbeat Results

U.S. stocks traded mixed toward the end of trading, with the Dow Jones dropping around 75 points on Thursday

Benzinga

Hongjiu Fruit Gets IPO Go-ahead but Cash Flow Concerns May Bite

Key Takeaways: Hongjiu Fruit specializes in high-value fruit and was the biggest distributor of branded fresh fruit in China last year in revenue terms The company’s rapid expansion of new retail channels has raised cash flow risks, with trade receivables surging above 5.9 billion yuan in the first five months…

Benzinga

Benzinga Before The Bell: Robinhood Denies Merger Buzz, Alibaba's Q1 Cloud Growth, Oil Price Rebound And Other Top Financial Stories Thursday, August 4

Reuters Airbus Cancels A350 Aircraft Contract With Qatar Airways

Benzinga

Alibaba Surges Over 5% Ahead Of Earnings As Hang Seng Tracks Wall Street Higher

Hong Kong’s benchmark Hang Seng Index rose over 2% in opening trade on Thursday, following an upbeat session on Wall Street overnight.

Benzinga

Benzinga Before The Bell: Robinhood's Cryptocurrency Growth, Moderna's Q2 Earnings, PayPal's New CFO And Other Top Financial Stories Wednesday, August 3

CNBC Celsius Is Looking To Rehire Its CFO Rod Bolger

Benzinga

Alibaba, JD Surge Over 3% As Earnings Come Into Focus: Hong Kong Traders Shrug Off Pelosi-Linked Taiwan Tensions

Shares of Alibaba and JD.com rose over 3% in Wednesday morning opening trade, with Hong Kong’s benchmark Hang Seng Index also beginning on a positive note, gaining 0.91%. Alibaba is set to release its June-quarter earnings on Thursday.

Benzinga

Alibaba, JD, Nio Fall In Hong Kong As Nancy Pelosi's Taiwan Plan Keeps Markets On Edge

Hong Kong’s benchmark Hang Seng Index opened in the red, losing over 2.5% in opening trade, following the trend in broader Asian markets after reports emerged that U.S. House Speaker Nancy Pelosi was to arrive in Taiwan on Tuesday. China has issued a strongly worded statement saying it will take…

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