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The Latest Breaking News from Alibaba

Alibaba Hunts For New SCMP Chief As It Devotes Former Chief To NFT Spinoff

Alibaba Group Holding Ltd (NYSE:BABA) owned South China Morning Post is on a CEO hunt, Bloomberg reports. The move coincided with Alibaba weighing options for media assets, including SCMP. Alibaba dedicated SCMP chief Gary Liu to running a spinoff to turn artwork into non-fungible tokens. Also Read: Alibaba Launches New NFT Marketplace: What…

Benzinga

Why Alibaba, Nio And Other Chinese Stocks Are Surging

Shares of Chinese companies including Alibaba Group Holding Ltd (NYSE: BABA) and NIO Inc (NYSE: NIO), are trading higher Wednesday following a Chinese state media report indicating China's financial s

Benzinga

Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees

Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) employees saw a job cut of 30%, the Print reports as per speculation on Weibo Corp (NASDAQ:WB). Internal speculation among employees was that Alibaba looked to lay off 30% of its employees while Tencent between 10% - 30% of its employees. Tencent started layoffs within small business…

Benzinga

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Here's Why Alibaba And Other Chinese Stocks Are Trading Higher Premarket

China's top financial policy body swore to ensure stability in capital markets, support overseas stock listings, resolve risks around property developers and complete the crackdown on Big Tech "as soon as possible,"

Benzinga

Why Alibaba, JD And Tesla Rivals Li Auto, Nio Are Rebounding Big-Time In Hong Kong Today

Shares of U.S.-listed Chinese tech companies surged in Hong Kong on Wednesday, lifting the benchmark Hang Seng Index into positive territory after three days of losses.

Benzinga

SoftBank Founder Boosts Collateral To 33% Of Stock As Stock Prices Sink

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son has raised the collateral stock to financial institutions as its shares plunged over 2021, Bloomberg reports. Son boosted the stock pledged as collateral to ~33% of his stake or 153.3 million shares in SoftBank as its shares sank 60% from their peak last year.…

Benzinga

Benzinga's Daily Brief On Trending Tickers For March 15, 2022: VIX Short-Term Futures, GameStop, Alibaba And More

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web by using the Benzinga Pro platform to highlight recent news items possibly impacting those stocks. The data on the trending tickers is compiled from a list of most-discussed tickers on the popular Reddit forum WallStreetBets.

Benzinga

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Alibaba Affiliate Ant Financial Divests Entire Stake In 36KR Holdings

Jack Ma's Ant Group Co divested its entire stake in the tech news firm 36KR Holdings Inc (NASDAQ:KRKR), Bloomberg reports. The Alibaba Group Holding Ltd (NYSE:BABA) affiliate looked to comply with Chinese regulators by the move. Ant held an 18% stake in 36KR as of early 2021. Also Read: DiDi Had To Postpone Its IPO After Jack…

Benzinga

With Alibaba Looming, JD.com’s Courier Arm Moves to Take Over Peer

JD Logistics plans to invest $1.4 billion to boost its stake in Deppon to 99.99%, as its parent looks to buttresses itself against a potential move by its e-commerce rival

Caixin Global

Why Alibaba And Nio Are Seeing High Interest From Retail Investors Today

Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) and electric vehicle maker Nio Inc. (NYSE: NIO) are seeing high interest on Reddit’s r/WallStreetBets forum as of early Tuesday.

Benzinga

Alibaba And Tesla Rival Nio Slide For Third Day Straight In Hong Kong — What's Behind The Tech Rout?

Shares of U.S.-listed Chinese tech companies extended losses in Hong Kong for a third straight session on Tuesday, hurt by fears of global repercussions if China was seen as supporting Russia over its invasion of Ukraine.

Benzinga

'That's A Buy Signal': Why Kevin O'Leary Just Bought Alibaba, Tencent And Meituan Stock

Chinese stocks are trading significantly lower Monday amid a COVID-19 outbreak in China's manufacturing hub, developments between China and Russia in relation to war and regulatory scrutiny of Tencent Holdings Ltd (Pink: TCEHY).

Benzinga

JPMorgan Downgrades Alibaba and Other China Tech Stocks Following Selloff; Calls It "Uninvestable" For Next 6-12 Months

JPMorgan analyst Alex Yao double downgraded Alibaba Group Holding Ltd(NYSE: BABA) to Underweight

Benzinga

Why Alibaba, Nio And Other Chinese Stocks Are Falling Today

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

Benzinga

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Benzinga

After Alibaba, Tencent Could Attract Regulatory Penalty

The People’s Bank of China discovered Tencent Holdings Ltd (OTC:TCEHY) is guilty of violating some central bank regulations by its WeChat Pay mobile network, the Wall Street Journal reports. Regulators could subject Tencent to a penalty worth at least hundreds of millions of yuan. The central bank’s routine inspection of 2021 found WeChat…

Benzinga

Alibaba Looks To Trim Work Force By Up To 20%

Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (OTC: TCEHY) are looking to mass layoffs,

Benzinga

Why Alibaba, Nio And Baidu Shares Are Falling

Shares of multiple Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA), Nio Inc - ADR Class A (NYSE: NIO) and Baidu Inc (NASDAQ:

Benzinga

DiDi Had To Postpone Its IPO After Jack Ma's Ant: Bloomberg

DiDi Global Inc (NYSE:DIDI) had to pull the brakes on its Hong Kong listing as it failed to satisfy China's concerns over sensitive data leak, Bloomberg reports. Uber Technologies Inc's (NYSE:UBER) Chinese counterpart remained vulnerable to the possible derailing of its listing plans and regulatory penalties. The ride-hailing company's main apps were removed from local…

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Benzinga

Why Alibaba, JD And Tesla Rivals Nio, Xpeng Are Crashing In Hong Kong Today

Shares of U.S.-listed Chinese tech companies tumbled in Hong Kong on Friday, dragging the benchmark Hang Seng Index into negative territory, on fears of increased scrutiny by American regulators and the escalating Russia-Ukraine war.

Benzinga

Alibaba Slides, But Holds This Bullish Pattern: How To Trade It

Alibaba Group Holdings Ltd - ADR (NYSE: BABA) was trading more than 7% lower on Thursday, compared to the S&P 500 which was trading less than 1% lower.

Benzinga

Alibaba's NFT Marketplace Suspends Users Over 'Massage Gun' Purchases

Alibaba Group Holding Ltd – ADR’s (NYSE: BABA) non-fungible token (NFT) marketplace Jingtan has suspended 680 user accounts for using massage guns and computer software to spam purchases on the platform.

Benzinga

Alibaba, EV Stocks Snap Losing Streak In Hong Kong Today; Tesla Rival Nio Surges On Debut — What's Driving The Rebound?

Shares of U.S.-listed Chinese tech companies traded higher in Hong Kong on Thursday, lifting the benchmark Hang Seng Index into positive territory after a four-day slump.

Benzinga

Here's Why Jack Ma Led Alibaba Affiliate's IPO Got Postponed Indefinitely

Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) affiliated fintech Ant Group's Hong Kong listing got postponed indefinitely as the bankers remained concerned over China's continued crackdown on the domestic tech sector, the Infomation reports. The weakness of publicly traded Chinese tech stocks, including Alibaba, has made it difficult for Ant and its stakeholders.…

Benzinga

Alibaba, Tech Peers Drag Hong Kong Shares Down For Fourth Day — What's Fraying Investor Nerves?

Shares of U.S.-listed Chinese tech companies slumped in Hong Kong on Wednesday and weighed on the benchmark Hang Seng Index, which extended losses to a fourth straight day.

Benzinga

Alibaba Strikes Gains Even As Tech Peers Drop In Hong Kong Today - What's At Play?

Shares of U.S.-listed Chinese tech companies fell in Hong Kong on Tuesday, weighing on the benchmark Hang Seng Index, while Alibaba Group Holding Limited (NYSE: BABA) bucked the trend to jump over 1%.

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