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The Latest Breaking News from Alibaba

China to fine ride-hailing giant Didi more than $1bn

BEIJING: China is preparing to hit ride-hailing giant Didi with a fine of more than US$1 billion to wrap up a long-running probe, media reports said, boosting investor hopes that the country's tech crackdown is winding down.

Alibaba, Meituan, JD Lead Hong Kong Rally As Markets Cheer Wall Street Bounce

Alibaba, Meituan, JD Lead Hong Kong Rally As Markets Cheer Wall Street Bounce

Hong Kong's benchmark Hang Seng Index rose over 2% in early Wednesday trading after a strong opening, driven by big tech stocks such as Alibaba Group Holding Ltd. (NYSE: BABA) and Meituan (OTC:

Bulls And Bears Of The Week: Twitter, Disney, Netflix, Ford, Tesla And This Warren Buffett-Backed Stock

Bulls And Bears Of The Week: Twitter, Disney, Netflix, Ford, Tesla And This Warren Buffett-Backed Stock

Benzinga has examined the prospects for many investors' favorite stocks over the past week, while offering a 24/7 news feed, live chat and charting software on Benzinga Pro.

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Alibaba vs. Amazon: Which E-Commerce Giant Is the Better Investment?

Despite high inflationary pressure and continued supply chain disruptions, resilient consumer spending and enhanced delivery services should help the e-commerce industry to stay afloat. However, considering the uncertain market conditions, e-commerce giants Amazon.com (AMZN) and Alibaba Group (BABA) are expected to remain under pressure. But is it wise to buy…

Alibaba, JPMorgan And XPeng All Share This Pattern: Here's What To Watch For

Alibaba Group Holdings Ltd - ADR (NYSE: BABA), JPMorgan Chase & Co (NYSE: JPM) and XPeng Inc - ADR (NYSE: XPEV) are all tra

China Officials Haul in Alibaba Execs over Massive Data Heist

Alibaba shares sank on Friday after a report said the tech giant's executives had been called in for meetings with Chinese officials over the theft of a vast police database. A hacker last month put on sale what they claimed was the personal information of hundreds of millions of Chinese…

Asharq Al-Awsat

Alibaba Slips As Execs Summoned, China Growth Pace Slows — Nio, EV Peers Buck Trend

Shares of major U.S.-listed Chinese companies traded mixed in Hong Kong on Friday, with tech heavyweights like Alibaba Group Holdings (NYSE: BABA), Baidu Inc (NASDAQ: BIDU), JD

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Log4j software flaw 'endemic,' new cyber safety panel says

Log4j software flaw 'endemic,' new cyber safety panel says

A new cybersecurity panel created by President Joe Biden says a computer vulnerability discovered last year in a ubiquitous piece of software is an “endemic” problem that will pose security risks for potentially a decade or more

The Independent UK

China's big tech problem: even in a state-managed economy, digital companies grow too powerful

China's big tech problem: even in a state-managed economy, digital companies grow too powerful

China’s digital economy has advanced rapidly over the past two decades, with services, communications and commerce moving online.

The Conversation

Here's Why Alibaba Stock Looks Ready To Bounce

Here's Why Alibaba Stock Looks Ready To Bounce

Alibaba Group Holdings, Ltd (NYSE: BABA) was trading flat on Tuesday after plunging over 9% on Monday on a report China has fined the e-commerce and tech giant for failing to comply with anti-monopoly rules.

Alibaba and Tencent stocks plunge after latest fines

Alibaba and Tencent stocks plunge after latest fines

Shares of Chinese technology firms Alibaba and Tencent have tumbled after Chinese regulators fined their subsidiaries for failing to disclose transactions and not complying with anti-monopoly rules

The Independent UK

China Regulator Fines Alibaba, Tencent for Disclosure Violations

China Regulator Fines Alibaba, Tencent for Disclosure Violations

China has imposed fines on technology giants Alibaba and Tencent as well as a range of other firms for failing to comply with anti-monopoly rules on the disclosure of transactions, the country's market regulator said on Sunday. The State Administration for Market Regulation (SAMR) released a list of 28 deals…

Asharq Al-Awsat

Forget Alibaba Stock, These 4 China Companies Are Better Buys

Forget Alibaba Stock, These 4 China Companies Are Better Buys

The Chinese economy is recovering with the easing of strict COVID-19 measures, and the government is considering ramping up infrastructure funding. However, despite easing Chinese regulatory concerns, Alibaba Group (BABA) has been losing momentum amid the challenging macroeconomic environment. And we think fundamentally sound Chinese companies NetEase (NTES), FinVolution (FINV),…

Alibaba, Nio Spike, EV Peers Mixed: What's Weighing On Hong Kong Stocks Today

Alibaba, Nio Spike, EV Peers Mixed: What's Weighing On Hong Kong Stocks Today

Hong Kong shares edged higher by mid-day trading on Friday, with gains among energy and property stocks offsetting weakness in most tech and consumer discretionary sectors. Electric vehicle stocks traded on a mixed note.

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Private information of more than 100 Australians exposed amid huge China police data leak

A hacker posted in an online forum last week that they had stolen 1 billion records, mostly belonging to Chinese citizens, in an ongoing bid to sell the information for 10 bitcoins, or almost $300,000.

PreMarket Prep Stock Of The Day: Why The Alibaba Chart Looks 'Constructive'

A specific trade setup was discussed for Alibaba Group Holding Ltd (NYSE: BABA) during Thursday’s "PreMarket Prep" broadcast based on bullish comments from a Bank Of America analyst regarding Chinese stocks.

Is Alibaba a Buy After Analysts Raised Earnings Guidance?

Analysts have raised earnings guidance for Alibaba Group (BABA) with the easing of China’s tech crackdown. The company’s EPS is expected to increase over the next twelve months. However, the stock currently trades at a stretched valuation, and the company faces intense competition from its rivals. So, will it be…

Why Alibaba Shares Are Falling Today

Alibaba Group Holding Ltd - ADR (NYSE: BABA) shares are trading lower by 2.29% to $117.38 Wednesday morning. Shares of Chinese companies at large are trading lower after Shanghai announced it will be conducting mass COVID-19 testing in several districts following a rise in cases.

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Alibaba's Share Price Recovery Earns It Bullish Calls From Some Brokerages

Some of Wall Street's biggest brokerages have reiterated their bullish calls for Alibaba Group Holding Limited (NYSE: BABA), indicating more gains after it surged from a mid-March low,

Meta Remains Adamant On NFT Push In Contrast With Google, Apple To Secure Its Metaverse Ambitions

Meta Platforms, Inc (NASDAQ:META) pushed ahead with plans to launch access to digital collectibles to its 3 billion users amid the crypto meltdown, the Financial Times reports. Meta would in no way adjust its plans around so-called non-fungible tokens, said new fintech head Stephane Kasriel in an interview with FT. The efforts are…

Why Alibaba, Other Chinese Firms Could Seek Shifting Primary Listings to Hong Kong

Alibaba Group Holding Limited (NYSE: BABA) and other U.S.-listed Chinese stocks could convert their secondary listings in Hong Kong to primary, Bloomberg

Alibaba, Nio, EV Stocks Buck Broader Slide: What's Weighing On Hong Kong Markets Today

E-commerce giant Alibaba Holding, Inc. (NYSE: BABA) and some major Chinese electric vehicle stocks bucked a broader slide in Hong Kong equities on Wednesday morning amid mostly weak global cues.

Here's How Alibaba Looks To Aid In Digital Transformation Of Enterprises

Alibaba Group Holding Limited (NYSE:BABA) created a new subsidiary, Lingyang Intelligent Service Co, to help companies in their digital transformation, the SCMP reports. It reflects Alibaba's effort to engage new market segments and industries as domestic online retail competition amplified amid weak consumer spending and economic slowdown. The move shortly follows Chair and…

BOI attends the grand opening of Alibaba's first data centre in Thailand

Mr. Narucha Ruchuphan, Senior Executive Investment Advisor, Thailand Board of Investment (BOI), attended an event to mark the grand opening of Alibaba's first data centre in Thailand held at Shangri-La Hotel Bangkok on 30 June 2022. Alibaba was represented by Mr. Selina Yuan, Vice President, Alibaba Group, and President, Alibaba…

China’s eateries eye JD.com’s delivery plans with anxiety, hope

Chinese tech giant has floated prospect of entering lucrative market currently dominated by Meituan and Ele.me.

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