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The Latest Breaking News from BABA

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

Benzinga's Daily Brief On Trending Tickers For March 16, 2022: Alibaba, GameStop And More

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses 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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Read Why Bilibili Shares Are Soaring In Premarket

Bilibili Inc's (NASDAQ:BILI) board approved the company to pursue the voluntary conversion to dual-primary listing on the Hong Kong Stock Exchange. Bilibili would continue to trade on both the HKSE and Nasdaq. Recently, JPMorgan analyst Alex Yao downgraded Bilibili to Underweight from Overweight with a $15 price target (20.5% downside). JPMorgan downgraded the Chinese tech sector, including Alibaba Group Holding…

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,"

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

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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

Alibaba Marks Cloud Computer Debut Outside China In Singapore; Claims It Will Cut IT Spend By ~50%

Alibaba Group Holding Ltd's (NYSE:BABA) Alibaba Cloud launched its cloud computer in Singapore, eliminating the need for powerful desktop hardware to perform compute-intensive tasks, ComputerWeekly.com reports. Dubbed Wuying, the palm-sized machine weighed only 60g and depended on Alibaba's Elastic Desktop Service (EDS) to do the heavy lifting. The launch marked the debut…

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 Not The Only One Betting Big On Potential $50B Chinese Metaverse Market: Here Are Other Likely First Movers

China's metaverse is on track to grow into more than a $50 billion market by 2025 but there’s also an increased prospect of the industry getting ensnared in the country’s regulatory dragnet.

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

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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

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

Check Out What Whales Are Doing With BABA

Someone with a lot of money to spend has taken a bearish stance on Alibaba Group Holding (NYSE:BABA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

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.

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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, 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%.

Benzinga

Alibaba Commences Mass Production Of EVs

Jack Ma's Alibaba Group Holding Ltd (NYSE: BABA) has begun mass production of smart electric vehicles,

Benzinga

This Is What Whales Are Betting On Alibaba Group Holding

A whale with a lot of money to spend has taken a noticeably bearish stance on Alibaba Group Holding. Looking at options history for Alibaba Group Holding (NYSE:BABA) we detected 68 strange trades.

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