The Latest Breaking News from Alibaba

Here's How 2022 Chinese Election Could Act As Tailwind For Alibaba And Others

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…

Benzinga · May 2, 2022

Read About Tencent's Latest Move At Battling Misinformation

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…

Benzinga · Apr 29, 2022

If You're Trading Alibaba As The Stock Surges, Here's How To Plan Entries And Exits

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.

Benzinga · Apr 29, 2022

Alibaba Edges Lower, Most Tech Peers Follow Suit: What's Dragging Hong Kong Stocks Today?

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.

Benzinga · Apr 29, 2022

Analyst Slash Earnings Estimates For Alibaba, Baidu, Others Again Amid Surging Covid Environment

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…

Benzinga · Apr 28, 2022

Android Could Soon Run On RISC-V Chips Courtesy 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.…

Benzinga · Apr 28, 2022

Alibaba looks to expand SE Asian arm Lazada to Europe: sources

SINGAPORE/SHANGHAI: Alibaba Group plans to expand its Southeast Asian arm, Lazada, to Europe, two sources familiar with the matter told Reuters, as the Chinese e-commerce company seeks further overseas growth amid slowing opportunities at home.

Bangkok Post · Apr 28, 2022

Alibaba Gains Alongside Most Other Tech Peers: What's Weighing On Hong Kong Stocks Today

Shares of U.S.-listed Chinese tech giants mostly traded higher in Hong Kong on Thursday as the benchmark index Hang Seng rose amid positive global cues.

Benzinga · Apr 28, 2022

Alibaba Slips, JD Bucks Tech Slide: What's Dragging Hong Kong Stocks Today

Shares of U.S.-listed Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ: JD), an

Benzinga · Apr 27, 2022

E-House Comes Unhinged in China's Real Estate Crash, Joining List of Victims

Key takeaways: •      E-House defaulted on $298 million worth of bonds that matured April 18, though it said this week that bondholders had agreed on a restructuring plan

Benzinga · Apr 26, 2022