The Latest Breaking News from Alibaba Group Holding Ltd

Alibaba Group Holding Ltd (NYSE:BABA) has collaborated with Canaan Inc (NASDAQ:CAN), CoinDesk reports. The partnership is concerned with artificial intelligence. Alibaba, which aims to build the future commerce infrastructure, will declare its December quarter results on February 24. Related Content: Tencent, Alibaba Deny Launching NFT Trading Platforms To Chinese Regulators Canaan is a leading high-performance computing solutions…

India's Ministry of Electronics and Information Technology has banned 54 apps it says are of Chinese origin, including Sea Ltd (NYSE:SE) marquee game Free Fire, Bloomberg reports. The apps banned include those belonging to Tencent Holdings Ltd (OTC:TCEHY), Alibaba Group Holding Ltd (NYSE:BABA), and NetEase Inc (NASDAQ:NTES), and are re-branded versions of apps already banned by India in 2020.…

The Cyberspace Administration of China (CAC) said its official publication had carried out interviews with companies like Tencent Holdings Ltd (OTC:TCEHY), Alibaba Group Holding Ltd (NYSE:BABA), and TikTok parent ByteDance, Reuters reports. The interviews followed the January 28 meeting held with 27 firms to discuss "healthy and sustainable" development. Tencent founder and CEO Pony Ma…

Alibaba Group Holding Ltd (NYSE:BABA) released a virtual idol promoting the 2022 Beijing Olympics. Named "Dong Dong," the virtual idol, a computer-generated character, is "a passionate, Beijing-born 22-year-old woman who loves winter sports." Since early February, Dong Dong has appeared in nightly broadcasts via Taobao Live, Alibaba's live-streaming services. DAMO Academy, Alibaba's research…

Alibaba Group Holding Ltd (NYSE:BABA) backed Bilibili Inc (NASDAQ:BILI) is looking to hire 1,000 new content moderators and more closely monitor the health of its workers, Reuters reports. China's leading video platform came under scrutiny after the death of an employee prompted accusations that it was overworking its staff. A user on the microblogging…

On February 4, Alibaba Group Holding Ltd (NYSE: BABA) filed a Form F-6 to register 1B American depository shares to accommodate the issuance of additional ADS upon the deposit of ordinary shares by current holders who have indicated to the company. 

Analysts cut their price targets on Alibaba Group Holding Ltd (NYSE:BABA) ahead of its quarterly results. However, they continue to see double-digit upside in the stock. Stifel analyst Scott Devitt lowered the price target on Alibaba to $150 from $170 (28% upside) and reiterated a Buy rating. The re-rating follows the previewed results for his…

Private equity firms Madison Dearborn Partners LLC, Siris Capital Group LLC, and Advent International Corp have made competing offers to acquire MoneyGram International Inc (NASDAQ:MGI), Reuters reports. Madison Dearborn offered $10.50 per share in cash, the report adds. MoneyGram closed at $9.27 on January 24. Advent had also expressed interest last year in…

Alibaba Group Holding Ltd (NYSE:BABA) owned online shopping platform Taobao launched an interest-oriented community app called "Yousha" Pandaily reports.  TikTok parent ByteDance Ltd's news and information content platform Toutiao tested a smart reading app called "Shiqu."  The report adds that both the apps drive social interaction with personal interests, creating an interactive…

Tencent Holdings Ltd (OTC:TCEHY) tops China's most valuable private company list in 2021, according to the Hurun Report. Tencent heads the list with a valuation of $609 billion. Alibaba Group Holding Ltd (NYSE:BABA) dropped to third place. The Hurun Research Institute has released the list of the Top 500 China non-state-controlled enterprises ranked…

Alibaba Group Holding Ltd (NYSE: BABA) is trading lower Tuesday morning following a report suggesting the U.S. is examining Alibaba's cloud unit for national security risks.