The Latest Breaking News from Alibaba

Shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Thursday, lifting the benchmark Hang Seng Index to its highest level in almost two months.

 

Alibaba Group Holding Limited's (NYSE: BABA) travails are far from over, at least in the near term, although its long-term future is promising, an analyst at Raymond James said in a Wednesday note. 

Shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Wednesday, leading the benchmark Hang Seng Index higher.

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. 

The U.S. government is reviewing e-commerce giant Alibaba Group Holding Ltd's (NYSE:BABA) cloud business to determine whether it poses a risk to U.S. national security, Reuters reports. The U.S. focuses on how Alibaba stores U.S. clients' data, including personal information and intellectual property, and whether the Chinese government could gain access to it. …

The Biden administration is reviewing e-commerce giant Alibaba's cloud business to determine whether it poses a risk to US national security, according to three people briefed on the matter, as the government ramps up scrutiny of Chinese technology companies' dealings with US firms. The focus of the probe is on…