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The Latest Breaking News from Alibaba

Alibaba Group Holding Ltd - ADR (NYSE: BABA) shares are trading higher by 10.30% to $111.90 following reports suggesting China's central bank has accepted Ant Group's financial holding company application.

Benzinga

Chinese fintech giant Ant closer to reviving iPO

HONG KONG: China’s central bank has accepted an application by Ant Group to set up a financial holding company, a key step toward finishing a year-long overhaul of Alibaba founder Jack Ma’s fintech business and reviving its stock market debut.

Bangkok Post

Alibaba Could Suffer Fallout As Top Rival Plans Foray In Food Delivery Service

Beijing-headquartered e-commerce giant JD.com Inc (NASDAQ: JD) is mulling a possible foray into the food delivery business, posing an intense competition for its Chinese peers Meituan (OTC: MPNGF) and Alibaba Group

Benzinga

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Alibaba Down Nearly 1%, Nio Up 2%: What's Weighing On Hong Kong Stocks Today

Shares of major U.S.-listed Chinese companies traded mostly higher in Hong Kong on Friday, with tech giants like Baidu Inc (NASDAQ: BIDU), JD.com (NASDAQ: JD), and Tencent Holdings (OTC:

Benzinga

Covid Regulations, China's Crackdown On Alibaba And Others Are Taking Toll On Its Tech Workers - Read How

Chinese tech workers are facing a tough time landing a job that is coming after a significant pay cut, the Financial Times reports.

Benzinga

Spotify Slows Down On Hiring Amid Macro Uncertainties

Spotify Technology S.A. (NYSE:SPOT) slowed hiring by 25%, CNBC reports based on a companywide email from CEO Daniel Ek. However, he added the company would “continue to still hire and grow, we are just going to slow that pace and be a bit more prudent with the absolute level of new hires over…

Benzinga

Why Alibaba, Nio, Chinese Peers Are Trading Mixed In Hong Kong Today

Shares of major U.S.-listed Chinese companies traded mixed in Hong Kong on Thursday as they struggled for direction.

Benzinga

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Alibaba Ropes In Expedia Head As SCMP CEO As It Devotes Former Chief To NFT Spinoff

Alibaba Group Holding Limited's (NASDAQ:BABA) The South China Morning Post (SCMP) roped in Expedia Group, Inc's (NASDAQ:EXPE) Asian head, Catherine So, as its new CEO, Bloomberg reports. So succeeds Gary Liu, who will leave in July to oversee crypto-spinoff Artifacts Lab. The Harvard alumni So, who's also worked at Groupon, Inc (NASDAQ:GRPN), Star TV, and AOL Time Warner,…

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, June 15

Reuters Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

Benzinga

Alibaba Goes Amazon Way To Develop In-House Silicon

Alibaba Group Holding Limited (NYSE: BABA) offered a glimpse at its in-house silicon called Cloud Infrastructure Processing Units (CIPUs) at its annual summit this week,

Benzinga

Why Alibaba, Nio, Chinese Peers Are Surging In Hong Kong Today

Shares of major U.S.-listed Chinese companies traded higher in Hong Kong on Tuesday morning as investors cheered better-than-expected economic data from the Asian nation.

Benzinga

What's Going On With Alibaba Stock?

Alibaba Group Holding Ltd (NYSE: BABA) shares are trading higher Tuesday alongside several Chinese companies in possible anticipation of the country's "618" holiday shopping event.

Benzinga

What's Going On With Baidu Stock Today?

Baidu Inc (NASDAQ: BIDU) shares are trading higher Tuesday alongside several Chinese companies in possible anticipation of the country's "618" holiday shopping event.

Benzinga

Is Alibaba a Buy After Its Recent Gains?

Shares of e-commerce giant Alibaba Group Holding (BABA) gained momentum earlier this month after the government gave the green light to revive its subsidiary Ant Group’s dual listing. However, given its declining profit margins, is BABA an ideal investment now? Read more to find out.

StockNews.com

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Benzinga

Here's The Bull, Bear Case For Alibaba Stock As Market Looks To Bounce

Alibaba Group Holdings, Ltd (NYSE: BABA) was trading up over 4% on Tuesday morning after closing Monday’s session down over 10%, in tandem with the general market.

Benzinga

Geely Acquires Major Stake in Smartphone Maker Which Has Alibaba Connection

Billionaire Li Shufu controlled satellite-to-automobile group Geely Automobile Holdings Ltd (OTC:GELYY), purchased a majority stake in Chinese smartphone maker Meizu Technology Co, the Caixin Global reports. Geely's Hubei Xingji Shidai Technology Co division bought a 79% stake in Meizu from Meizu's founder and a unit of Alibaba Group Holding Limited (NYSE:BABA). The financial terms of…

Benzinga

Alibaba, Nio, Most Chinese Peers Continue To Slide In Hong Kong Today

Shares of major U.S.-listed Chinese companies mostly traded lower again in Hong Kong on Tuesday, with tech giants like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), Baidu Inc (NASDAQ:

Caixin Global

Geely Founder Li Shufu Takes Control of Smartphone Maker Meizu

Meizu founder Huang Zhang will retain a 9.79% stake while Alibaba’s Taobao is dumping its entire 27.23% holding

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news in one place.

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Benzinga

What's Going On With Alibaba Shares Getting Hammered Today?

Alibaba Group Holding Ltd - ADR (NYSE: BABA) shares are trading lower by 11.06% to $97.69. Shares of companies across sectors are trading lower amid overall market weakness following worse-than-expected May U.S. CPI data.

Benzinga

Alibaba Cracks After Jack Ma's Ant Group Denies IPO Plans

The shares of Alibaba Group Holdings (NYSE: BABA) cracked after its financial affiliate Ant Group refuted media reports claiming that Beijin

Caixin Global

Shanghai Composite Index Rose 1.42% on Friday

Shenzhen Component Index closed up 1.9%

Benzinga

Why Alibaba, Nio, Most Chinese Peers Are Stumbling In Hong Kong Today

Shares of U.S.-listed Chinese companies were trading mixed in Hong Kong on Friday morning, with major tech names like Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings Ltd (OTC: TCEHY), and Baidu Inc

Benzinga

'You're Going To Get Ripped Off': Why These Investors Say You Should Avoid Alibaba Stock

Alibaba Group Holding Ltd (NYSE: BABA) shares have sustained a significant rally over the last month, but some see trouble ahead for the Chinese e-commerce giant amid a murky regulatory landscape both overseas and in the U.S.

Benzinga

Aurora Mobile Clocks 11% Top-Line Growth In Q1

Aurora Mobile Limited (NASDAQ:JG) reported first-quarter FY22 revenue growth of 11% year-on-year to $13.5 million, missing the consensus of $14.6 million. Segments: Revenues from Developer Services reached $9.4 million, up 14% Y/Y, Subscription Services were $5.4 million, up 2% Y/Y, and Value-added-services within Developer Services grew by 35% Y/Y to $4 million. Also…

The Guardian - UK

Li Jiaqi: Chinese influencer’s career hangs in balance after ‘tank cake’ stream

Young role model’s broadcast cut short after appearance of dessert thought to reference 1989 Tiananmen Square crackdown

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