The Latest Breaking News from BABA

The market rally faces a test amid renewed China concerns. Tesla CEO Elon Musk moved to end the Twitter takeover.

The Chinese economy is recovering with the easing of strict COVID-19 measures, and the government is considering ramping up infrastructure funding. However, despite easing Chinese regulatory concerns, Alibaba Group (BABA) has been losing momentum amid the challenging macroeconomic environment. And we think fundamentally sound Chinese companies NetEase (NTES), FinVolution (FINV),…

Analysts have raised earnings guidance for Alibaba Group (BABA) with the easing of China’s tech crackdown. The company’s EPS is expected to increase over the next twelve months. However, the stock currently trades at a stretched valuation, and the company faces intense competition from its rivals. So, will it be…

Meta Platforms, Inc (NASDAQ:META) prosecuted Octopus Data, the U.S. subsidiary of a Chinese national high-tech enterprise Shenzhen Vision Information Technology Co. Octopus Data allegedly offered data scraping services for Facebook and Instagram. Meta also prosecuted a Turkey-based individual, Ekrem Ateş, for allegedly setting up automated Instagram accounts to scrape data from 350,000 Instagram…

Some of Wall Street's biggest brokerages have reiterated their bullish calls for Alibaba Group Holding Limited (NYSE: BABA), indicating more gains after it surged from a mid-March low, 

Alibaba Group Holding Limited (NYSE: BABA) and other U.S.-listed Chinese stocks could convert their secondary listings in Hong Kong to primary, Bloomberg 

China has rapidly censored news of the alleged hacking of a Shanghai police database, potentially compromising the personal data of more than one billion people, the Financial Times reports.&nbs

Alibaba Group Holding Limited (NYSE:BABA) created a new subsidiary, Lingyang Intelligent Service Co, to help companies in their digital transformation, the SCMP reports. It reflects Alibaba's effort to engage new market segments and industries as domestic online retail competition amplified amid weak consumer spending and economic slowdown. The move shortly follows Chair and…

The Cyberspace Administration of China (CAC) sought public feedback on draft rules governing the transfer of personal data overseas, Reuters reports. Under the draft rules, companies collecting personal data would be responsible for the legality, legitimacy, the need for the data, scope, and security of overseas transfers. The draft also covers methods…