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The Latest Breaking News from Alibaba

Stock Market Gives Back Modest Gains; Insurance Stock Tanks

Insurance and bank stocks weighed on major stock market indexes. Gaming and entertainment stock soars.

Investors Business Daily

China to take ‘golden shares’ in tech firms Alibaba and Tencent

Move marks shift in focus by Beijing as it tries to extend influence and keep sector in check

The Guardian - UK

Weekly Must-Read: China Wraps Up Two-Year Tech Crackdown

Central bank and banking regulator’s Guo Shuqing sends first signal that sector led by Alibaba, Tencent, Didi and Meituan may finally be off the hook

Caixin Global

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Beijing seen shifting stance over control over major IT companies

BEIJING -- The Chinese Communist Party and the government is increasingly believed to be loosening its tight controls on the country's major IT firms, such as Alibaba Group Holding Ltd.

The Japan News/Yomiuri

Alibaba Keeps Climbing As It Gets More Good News From China Regulators

BABA stock climbed as it received good news that government officials will ease a two-year regulatory clampdown on Internet companies.

Investors Business Daily

Billionaire Jack Ma to cede control of China’s Ant Group

Business magnate Jack Ma who controlled over 50 percent of the fintech giant’s shares will now hold just 6.2 percent.

Al Jazeera

Billionaire Jack Ma chills in Bangkok

Billionaire Alibaba founder Jack Ma has been chilling in Bangkok this week amid reports that he is taking more steps to scale back his personal involvement with his online empire.

Bangkok Post

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Pick Yourself Up From Setbacks With This Underappreciated Trait

You might think you have things planned to a T. But problems happen. The key is how well you respond with resilience to setbacks.

Investors Business Daily

Chinese regulators approve capital expansion for Ant Group

Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure

The Independent UK

Tao Huabi's Lao Gan Ma chilli sauce is a beloved household staple but will her Chinese success story continue?

For decades, Tao Huabi's Lao Gan Ma chilli crisp sauce has dominated China's spicy sauce market but, now, a cloud of competition is looming over her chilli empire.

ABC News

Alibaba's free trade hub in Thailand begins trial operation

A free-trade-zone project in Thailand, launched in 2018 by Alibaba Group Holding while company founder Jack Ma was still CEO, has finally started trial operation.

Bangkok Post

Alibaba, Baidu And Other China Stocks Jump As Covid Restrictions Ease

Alibaba stock and that of other technology companies saw their stocks jump as China officials curtailed many Covid restrictions.

Investors Business Daily

5 China Stocks Near Buy Points Right Now

Several China stocks are doing well, setting up near potential buy points or early entries.

Investors Business Daily

Chinese Stocks Rally On Hopes Of Easing Covid Lockdowns; Alibaba, JD, Li Auto, Pinduoduo, XPeng Surge

The Invesco Golden Dragon China ETF looked to close out the month of November with its best monthly performance on record.

Investors Business Daily

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Bangkok Post

Jack Ma reported living in Japan after China tech crackdown

TOKYO: Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China's crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources.

The Guardian - UK

Alibaba founder Jack Ma hiding out in Tokyo, reports say

Billionaire rarely seen in public since criticising attitude of China’s regulators towards tech firms in 2020

Investors Business Daily

Dow Jones Falls As China Covid Concerns Ease; Alibaba, JD.com, Pinduoduo Surge

The Dow Jones Industrial Average fell Tuesday, as China Covid-19 concerns eased. Alibaba, JD.com and Pinduoduo surged higher.

Investors Business Daily

China Internet Stocks Buffeted By Tough Challenges, Slowing Growth

China internet stocks, including Alibaba, JD.com and Tencent, are facing a long list of challenges that have slowed revenue growth.

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Investors Business Daily

Market Rally Holds Key Levels, But Breakouts Struggle; Walmart, Target, Nvidia In Focus: Weekly Review

The market rally held support this week, but many stocks flashing buy signals struggled. Walmart, Target and Nvidia were key earnings movers.

Investors Business Daily

JD.com Earnings Top Q3 Estimates As Sales Edge Below Views

China e-commerce firm JD.com reported better-than-expected earnings for the third quarter though sales were a hair light.

Investors Business Daily

Dow Jones Falls After Key Economic Data; Nvidia Drops On Earnings Miss

The Dow Jones Industrial Average sold off Thursday after key economic data. Nvidia earnings missed estimates, sparking a 2% retreat.

Investors Business Daily

Alibaba Quarterly Results Hamstrung By Covid Lockdowns, Regulations

China internet giant Alibaba reported September-quarter results that missed views on the top line but beat on the bottom line.

Tribune News Service

NBPA VP Jaylen Brown takes aim at Joe Tsai over Kyrie Irving ban: ‘It’s time for a larger conversation’

Jaylen Brown, National Basketball Players Association Vice President and Boston Celtics All-Star, says “it’s time for a larger conversation” now that star Nets guard Kyrie Irving continues to miss games beyond his minimum five-game suspension.

Benzinga

Alibaba Up Over 2%, Nio Down 3%: Hong Kong Stocks Mixed As Varying Voices From Fed Cool Rally Down

Hong Kong stocks traded mixed on Tuesday morning, with the benchmark Hang Seng Index trading 1.87% higher, while some electric-vehicle stocks took a hit. Different voices from the U.S.

Benzinga

SoftBank Can't Catch A Break: Fund Invested $100M In FTX

Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses.

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