The Latest Breaking News from Alibaba

Why Alibaba Shares Are Getting Hammered Today

Alibaba Group Holding Ltd - ADR (NYSE: BABA) shares are trading lower by 4.75% at $83.09. Shares of Chinese companies are trading lower in possible reaction to US President Biden's recent unveiling of the Indo-Pacific Economic Framework to counter China's influence in the region. 

Benzinga · May 24, 2022

NetEase Shares Gain Post Q1 On Solid Contributions From Steady Online Game Services

NetEase, Inc (NASDAQ:NTES) reported first-quarter FY22 revenue growth of 14.8% year-on-year to $3.7 billion. Segments and margins: Online game services revenues grew 15.3% Y/Y to $2.7 billion. The gross margin for online game services expanded by 50 bps to 65.1%. Youdao, Inc (NYSE:DAO) revenue decreased 10.4% Y/Y to $189.4 million, and the corresponding gross margin…

Benzinga · May 24, 2022

Alibaba, Nio, Chinese Peers Slide: What's Dragging Hong Kong Stocks Today?

Shares of U.S.-listed Chinese firms were subdued on Tuesday morning in Hong Kong, with major tech names like Alibaba Group Holding (NYSE: BABA), JD.com Inc (NASDAQ: JD), Baidu In

Benzinga · May 24, 2022

Mizuho Remains Bullish On JD Post Q1 - Read Why

Mizuho analyst James Lee maintained a Buy on JD.com, Inc (NASDAQ:JD) with a price target of $90 (75% upside). JD beat top line and margins due to its competitive advantage in supply chain and logistics, which enabled the company to gain share.  The COVID lockdown impact in 2Q22 was more than Lee's expectation at 5% YoY growth,…

Benzinga · May 18, 2022

Truist Securities Maintains Buy Rating for Alibaba Group Holding: Here's What You Need To Know

Truist Securities has decided to maintain its Buy rating of Alibaba Group Holding (NYSE:BABA) and lower its price target from $180.00 to $132.00. Shares of Alibaba Group Holding are trading down 2.51% over the last 24 hours, at $89.68 per share.

Benzinga · May 18, 2022

Tencent Misses Q1 Revenue As Regulatory Crackdown Takes Its Toll

Tencent Holding Ltd (OTC:TCEHY) reported first-quarter FY22 flat revenue growth year-on-year to 135.5 billion yuan ($20.1 billion), missing the consensus of 141 billion yuan as China started approving gaming licenses. Revenues from VAS were stable Y/Y at 72.7 billion yuan. Domestic Games revenues decreased by 1% Y/Y to 33.0 billion yuan due to the…

Benzinga · May 18, 2022

Alibaba Down Over 2%, Nio Jumps 7%: What's Weighing On Hong Kong Stocks Today?

Shares of U.S.-listed Chinese firms traded mixed in Hong Kong on Wednesday morning, with web search giant Baidu Inc (NASDAQ: BIDU) and electric vehicle maker NIO Inc (​​NYSE: NIO) among stocks that were in the green.

Benzinga · May 18, 2022

Alibaba, Other Chinese Stocks Pop As China's Top Economic Official Expresses Support For Digital Platform Ahead Of 2022 Election

China's top economic official offered an unusually public show of support for digital platform companies hinting toward possible ease in the ongoing crackdown, Bloomberg reports. The latest comments may inject much-needed confidence into the capital markets. Tencent Holding Ltd (OTC:TCEHY) and Alibaba Group Holding Limited (NYSE:BABA) combined lost over $1 trillion in market value post…

Benzinga · May 17, 2022

Alibaba, Tencent To Post Lack-Luster Quarterly Results As Domestic Regulatory Crackdown Takes A Toll

Fastest growing companies like Alibaba Group Holding Limited (NYSE: BABA) and Tencent Holding Ltd (OTC: TCEHY) are struggling to keep up with even the most staid utilities amid 

Benzinga · May 17, 2022

HUYA Misses Q1 Revenue Amid Live Streaming Crackdown, COVID Resurgence

HUYA Inc (NYSE:HUYA) reported a first-quarter FY22 revenue decline of 5.4% year-on-year to $388.8 million, missing the consensus of $435.6 million. Segments: HUYA's Live streaming revenues declined by 10.1% Y/Y to $339.4 million due to lower average spending per paying user on Huya Live. HUYA's advertising and other revenues rose 47.2% Y/Y to $49.4…

Benzinga · May 17, 2022