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The Latest Breaking News from Alibaba

Shanghai Composite Index Fell 1.03% on Wednesday

Shenzhen Component Index closed down 1.41%

Caixin Global

China's Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo

The Independent UK

Shanghai Composite Index Rose 0.05% on Tuesday

Shenzhen Component Index closed up 0.11%

Caixin Global

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A global money transfer CEO explains the fix to a major problem

In an exclusive interview with TheStreet, John Caplan talks about how Payoneer solves a pressing banking issue.

The Street

2 Best ETFs to Buy for 2024, Based on Analysts' Forecasts for U.S. Stocks

With most analysts predicting low single-digit returns from U.S. stocks in 2024, the VanEck Gold Miners ETF and KraneShares CSI China Internet ETF are two exchange-traded funds (ETFs) that look like good buys for 2024.

Barchart

Alibaba, JD.com, Baidu, These Miners Rise On Chinese Data, Stimulus

BABA stock bounced Friday as Alibaba led Chinese stocks higher, including JD.com and Baidu. But will the latest stimulus efforts pan out?

Investors Business Daily

Alibaba (BABA) vs. Trip.com (TCOM) - Analyzing the Gain Potential of China Stocks

Amid China's potential economic acceleration fueled by gradual stimulus measures, which of the two stocks, Alibaba (BABA) or Trip.com (TCOM), hold the key to superior gains at this juncture? Let’s find out….

StockNews.com

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Growth of autocracies will expand Chinese global influence via Belt and Road Initiative as it enters second decade

China currently faces daunting challenges in its domestic economy. But weakness in the real estate market and consumer spending at home is unlikely to stem its rising influence abroad.

The Conversation

JD.com's billionaire founder tells employees not to 'lie flat' as Temu-owner PDD catches up to him and Alibaba founder Jack Ma

"We need to change, or there’s no way out for our company," JDD founder Richard Liu wrote in a post on the company's internal forum.

Fortune

Stock Market Reverses Higher After Powell Remarks; This Economic Index Weakest Since Dot-Com Bubble

The Innovator IBD 50 ETF outperformed with a 0.6% gain and could make its first close above the 200-day moving average since Sept. 12.

Investors Business Daily

PDD Stock Jumps As Temu Parent Company's Sales Soar Past Expectations

PDD stock jumped early Tuesday after Temu parent PDD Holdings reported 3Q earnings and sales that easily topped consensus.

Investors Business Daily

China’s former entrepreneurial golden child, Jack Ma, appears to be back with a food venture

Alibaba founder Jack Ma largely disappeared from public life following a crackdown by the Chinese government—now it seems he's back.

Fortune

China in a bull shop: One of the largest Chinese tech companies has announced a 'game-changing' 3,072-core RISC-V server that used an indigeneous CPU — on US soil

China hits a key milestone with Alibaba demonstrating the first cloud server powered by a RISC-V chip.

TechRadar

Baidu reveals expectations-beating earnings and touts its new ChatGPT-like AI models, amid leadership chaos at U.S. competitor OpenAI

Baidu took an early lead in the race to dominate China's AI sector with the release of ERNIE Bot earlier this year.

Fortune

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Investors Business Daily

Baidu Posts Better-Than-Expected Earnings, Highlights AI Progress

BIDU stock rose Tuesday, after Chinese internet giant Baidu reported earnings and sales ahead of expectations for its third quarter.

Barchart

Will Improving Fundamentals Inspire Foreign Investors to Return to Chinese Stocks?

Shares of China’s Alibaba Group Holdings (BABA ) tumbled more than -10% last Thursday and Friday after the company canceled a spinoff of its cloud division, citing U.S. restrictions on advanced semiconductor sales to China. Tencent Holdings (TCEHY ) also fell more than -3% last Friday, despite reporting better-than-expected quarterly...

StockNews.com

Diving Into Chinese Tech: Analyzing the Prospects of Alibaba (BABA) and Hello Group (MOMO) for Investors

Despite several challenges, the Chinese economy has demonstrated exceptional resilience recently. Therefore, top-tier Chinese stocks, such as Alibaba Group (BABA) and Hello Group (MOMO), could be ideal portfolio additions now. Continue reading.

TechRadar

Alibaba scraps plans to spin off its cloud business

US and global geopolitical tensions see Alibaba reverse its decision, but investors are still upset.

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Fortune

A series of bad news stories—including an abandoned cloud spin-off plan—wipe billions from Alibaba's market cap

Alibaba blamed U.S. chip controls for its decision to abandon plans to spin-off its cloud computing unit as an independent company.

The Independent UK

Stock market today: Asian stocks pulled lower by profit warnings and signs the US economy is slowing

Asian stocks are mostly lower after Wall Street drifted to a mixed finish as momentum slowed following a strong rally in the first half of November

Investors Business Daily

Stock Market Losses Persist; Chip Stock Rallies On An Upgrade

The stock market remained in the red across the major indexes. Intel stock rallied and led the Dow Jones on Thursday after an analyst upgrade.

Investors Business Daily

Alibaba Stock Tumbles As Chinese Tech Giant Scraps Cloud Spinoff, Citing Chip Restrictions

Alibaba earnings beat estimates but BABA stock fell as the company canceled its cloud spinoff plan.

Caixin Global

Alibaba Expands in Europe With Investment in B2B Platform Visable

The move is part of the tech giant’s efforts to grow its country- or region-specific business, as some Chinese products lose their edge in price globally

Fortune

Alibaba and JD's decision to withhold Singles Day data punctures last chance to see a China consumption revival this year

"Everyone's waiting for this consumption boom," one analyst said. "I don't think it's really going to come."

The Independent UK

Worried Chinese shoppers scrimp, dimming the appeal of a Singles' Day shopping extravaganza

Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect the annual Singles’ Day online retail extravaganza

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