The Latest Breaking News from Alibaba

Chinese authorities have placed an individual with the last name Ma under “compulsory curbs” in the city of Hangzhou, Bloomberg News

Chinese President Xi Jinping reached out to the domestic private sector amid the growing economic challenges, the CityToday reports. Jinping highlighted the importance of private capital to economic development while emphasizing their adherence to the regulatory norms at a recent Politburo meet. The private sector generated over 50% of China's tax…

Tencent Holding Ltd's (OTC:TCEHY) popular messaging service WeChat will begin revealing users' locations when they post on the platform, Reuters reports. Recently, a popular social media platform, Weibo Corporation (NASDAQ:WB), introduced the same settings permanently after more than a month of testing. The new setting aimed to combat misinformation related to recent "domestic and overseas hot-topic…

Alibaba Group Holdings, Ltd (NYSE: BABA) gapped up over 11% higher on Friday after breaking up from a falling channel pattern on Wednesday, which Benzinga called out two days prior.

Key takeaways: Xiaohongshu’s recent major layoffs could reflect a tough advertising market, even as it framed the move as normal workforce turnover Others reportedly laying off large numbers of workers include top livestream gaming platforms Huya and DouYu, whose planned merger was nixed by regulators last year

Alibaba Group Holding Inc. (NYSE: BABA) shares are recovering from near  record lows. That does not change the fundamental outlook for the near term, as the company is contending with multiple headwinds.

Alibaba Group Holding Ltd (NYSE: BABA) shares are trading higher Friday after a Chinese state media report indicated the Chinese government may end its regulatory crackdown on big tech firms.

Technology stocks led a broad rally in Chinese equities on April 29, with traders citing speculation of a possible easing of the domestic regulatory crackdown, Bloomberg reports. The Communist Party's Politburo pledged to support the healthy growth of platform firms. Top leaders also pledged to meet economic targets insinuating stimulus to…

Shares of U.S.-listed Chinese tech giants mostly traded lower in Hong Kong on Friday as the benchmark index Hang Seng slid, despite positive global cues.

Analysts slashed the earnings estimates for the Chinese technology giants for a second straight month amid the nation’s persistent goal of its Covid-Zero strategy, Bloomberg reports. Analysts trimmed Alibaba Group Holding Limited (NYSE:BABA) estimates by 4.2% and Baidu, Inc (NASDAQ:BIDU) by 8.1%. U.S.-listed shares of Baidu have lost 10% in April, while those of Alibaba…

Android could soon run on RISC-V chips following Alibaba Group Holding Limited's (NYSE:BABA) Alibaba Cloud's progress in porting the operating system to the emerging instruction-set architecture, the Tech Radar reports. In 2021, Alibaba successfully ported essential functions, including Chrome browsing in Android 10, to a RISC-V chip made by its subsidiary T-Head Semiconductor.…