The Latest Breaking News from Alibaba

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

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...

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.

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

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

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

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

China's Singles Day is much larger than Black Friday, but the shopping event is expected to slow this year as China retailers struggle.

Chinese tech stocks have continued to underperform in 2023, even as their counterparts in the U.S. have rebounded. Among Chinese tech names, Alibaba and JD.com are both worth considering after the sell-off - but there's an argument to be made that one of these tech stocks looks more compelling right…