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The Latest Breaking News from Alibaba

Here's Why Alibaba's Stock Didn't Get a Boost Despite Big Share Buyback: Bloomberg

Alibaba Group Holding Ltd (NYSE:BABA) shares traded 60% below the 2021 peak despite a $9 billion share buyback boost, Bloomberg reports. The boost marked the third increase since China's domestic tech crackdown started in late 2020. After the buyback announcement, Alibaba's shares jumped up to 9.8% to HK$108.80 in Hong Kong, trailing the February…

Benzinga

Why Alibaba Shares Are Rising Today

Alibaba Group Holding Limited (NYSE: BABA) shares are trading higher after the company raised its buyback program. The company's board authorized to upsize its share repurchase program from $15 billion to $25 billion.

Benzinga

Alibaba Gains Nearly 5%, Tesla Rivals Nio, Xpeng Firm In Hong Kong Today — What's Keeping Sentiment Up?

Shares of U.S.-listed Chinese tech companies — led by Alibaba Group Holding Limited (NYSE: BABA) — traded mostly higher in Hong Kong on Tuesday, after the e-commerce giant said it had

Benzinga

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Alibaba raises buyback to $25B to boost slumping stock

Alibaba Group, the world’s biggest e-commerce company, is increasing a share buyback to $25 billion from $15 billion to prop up a stock price that has fallen by more than half since the ruling Communist Party tightened control over tech industries with regulatory crackdowns

The Independent UK

Alibaba Ups Share Buyback Target To $25B: What You Need To Know

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) has raised its share buyback program to $25 billion from $15 billion.

Benzinga

Alibaba Maintains Stronghold Over Chinese Cloud Market: What's Behind The Outperformance

Alibaba Group Holding, Inc.'s (NYSE: BABA) flagship e-commerce business is going through a lean patch, a function of domestic softness and intensifying competition.

Benzinga

Here's Why Alibaba, JD.com, Nio And Pinduoduo Shares Are Falling

Shares of several Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA), JD.Com Inc (NASDAQ: JD) and Nio Inc - ADR (NYSE:

Benzinga

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This Solar Company's 5-Year Return Makes Bitcoin, Tesla, Disney, Apple, Microsoft, Ford, And Alibaba Look Trifling

Enphase Energy Inc (NASDAQ: ENPH) is known as a global leader in solar energy solutions, and over the past five years, delivered beaming returns for traders and investors.

Benzinga

Benzinga Bulls And Bears Of The Past Week: Alibaba, Meta, Nio, Apple, Netflix, Southwestern Energy And More

Benzinga has examined the prospects for many investor favorite stocks over the past week.

Benzinga

Tencent Caught In Regulatory Turmoil Like Jack Ma's Ant Group

China looks to require Tencent Holdings Ltd (OTC:TCEHY) to include WeChat Pay in a newly created financial holding company, Bloomberg reports. The overhaul may mandate a new license for the universal mobile payments service subjecting it to intense regulatory scrutiny jeopardizing the one-stop-shop appeal reviving investor angst. Tencent needs to fold its banking, securities, insurance,…

Benzinga

Pete Najarian Books Profit On Alibaba Trade, But He's Still Holding These Names With China Exposure

Market Rebellion co-founder Pete Najaraian bought short-term Alibaba Group Holding Ltd (NYSE: BABA) call options earlier this week. He sold those calls following a surge in Alibaba's stock price.

Benzinga

Here's Why Alibaba, Nio And Baidu Shares Are Moving

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

Benzinga

Tencent's Social Media Removes Posts Questioning China's Strong Economic Data

Tencent Holdings Ltd's (OTC:TCEHY) social media site WeChat deleted at least two reports by notable economists questioning China's surprisingly strong economic data, Bloomberg reports. JD.com Inc (NASDAQ:JD) chief economist Shen Jianguang argued over multiple contradictions behind the robust data. Tencent also removed a similar post by China Evergrande Group's former chief economist Ren…

Benzinga

Alibaba Skyrockets After Kevin O'Leary Loads Shares: Is The Bottom Finally In?

Alibaba Group Holdings, Ltd (NYSE: BABA) soared over 37% higher on Wednesday, completely erasing the decline the stock has suffered over the past eight trading days.

Benzinga

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Benzinga

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

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,"

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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

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…

Caixin Global

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

Benzinga

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.

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