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The Latest Breaking News from Alibaba

Why Alibaba And Tesla Rivals Nio, Xpeng Are Sliding In Hong Kong Today

Shares of U.S.-listed Chinese tech companies traded notably lower in Hong Kong on Friday amid lingering worries about U.S.-delisting fears of dual-listed Chinese companies.

Benzinga

Hello Shares Dive Post Dismal Q1 Guidance Amid China's Domestic Tech Crackdown

Hello Group Inc (NASDAQ:MOMO) reported a fourth-quarter FY21 net revenue decline of 3.2% year-on-year to $576.6 million, beating the consensus of $567.96 million. Drivers: Monthly Active Users (MAU) on the Momo application were 114.1 million in December 2021 versus 113.8 million in December 2020. Total paying users of its live video service and value-added…

Benzinga

Tesla Rivals Xpeng, Li Auto Gain While Alibaba Slips: Why Hong Kong Markets Are Trading Mixed Today

Shares of U.S.-listed Chinese tech companies traded mixed in Hong Kong on Thursday after tech conglomerate Tencent Holdings Limited (OTC: TCHEY) reported weak earnings results for the fourth quarter.

Benzinga

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Here's Why Alibaba And Bilibili Are Moving

Shares of Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA) and Bilibili Inc - ADR (NASDAQ: BILI) are trading higher.

Benzinga

Here's Why Alibaba, Tencent Look To Tighten NFT Norms

Citizens have to register with their real name to purchase NFTs and can only via Chinese Yuan. Chinese internet giants Tencent Holdings Ltd (OTC:TCEHY) and Alibaba Group Holding Ltd (NYSE:BABA) tightened specific rules on their respective NFT marketplaces to avoid further regulatory repercussions, CoinGape reports. Alibaba’s platform Jingtan looked to report users using bots or…

Benzinga

Alibaba vs. NetEase: Which Chinese Stock is a Better Buy?

The Chinese government’s crackdown on technology companies severely hampered their growth prospects over the past year. However, with the government’s latest reassurance that it will support the technology industry, popular stocks Alibaba Group (BABA) and NetEase (NTES) should again attract significant investor attention. But which of these two stocks is…

StockNews.com

Why Alibaba, Tesla Rivals Nio, Xpeng Are Spiking Again In Hong Kong Today

Shares of U.S.-listed Chinese tech companies traded notably higher in Hong Kong on Wednesday following upbeat quarterly earnings results from companies such as smartphone maker Xiaomi Corp. and biotechnology company WuXi Biologics.

Benzinga

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Here's How Alibaba's Buyback Boost Could Win Back Investors In China's Internet Sector

Alibaba Group Holding Ltd (NYSE: BABA) share buyback boost&

Benzinga

Here's Why Alibaba's Stock Didn't Get a Boost Despite Big Share Buyback: Bloomberg

Alibaba Group Holding Ltd (NYSE:BABA) shares traded 60% below the 2021 peak despite a $9 billion share buyback boost, Bloomberg reports. The boost marked the third increase since China's domestic tech crackdown started in late 2020. After the buyback announcement, Alibaba's shares jumped up to 9.8% to HK$108.80 in Hong Kong, trailing the February…

Benzinga

Why Alibaba Shares Are Rising Today

Alibaba Group Holding Limited (NYSE: BABA) shares are trading higher after the company raised its buyback program. The company's board authorized to upsize its share repurchase program from $15 billion to $25 billion.

Benzinga

Alibaba Gains Nearly 5%, Tesla Rivals Nio, Xpeng Firm In Hong Kong Today — What's Keeping Sentiment Up?

Shares of U.S.-listed Chinese tech companies — led by Alibaba Group Holding Limited (NYSE: BABA) — traded mostly higher in Hong Kong on Tuesday, after the e-commerce giant said it had

Benzinga

Alibaba raises buyback to $25B to boost slumping stock

Alibaba Group, the world’s biggest e-commerce company, is increasing a share buyback to $25 billion from $15 billion to prop up a stock price that has fallen by more than half since the ruling Communist Party tightened control over tech industries with regulatory crackdowns

The Independent UK

Alibaba Ups Share Buyback Target To $25B: What You Need To Know

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) has raised its share buyback program to $25 billion from $15 billion.

Benzinga

Alibaba Maintains Stronghold Over Chinese Cloud Market: What's Behind The Outperformance

Alibaba Group Holding, Inc.'s (NYSE: BABA) flagship e-commerce business is going through a lean patch, a function of domestic softness and intensifying competition.

Benzinga

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news in one place.

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Benzinga

Here's Why Alibaba, JD.com, Nio And Pinduoduo Shares Are Falling

Shares of several Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA), JD.Com Inc (NASDAQ: JD) and Nio Inc - ADR (NYSE:

Benzinga

This Solar Company's 5-Year Return Makes Bitcoin, Tesla, Disney, Apple, Microsoft, Ford, And Alibaba Look Trifling

Enphase Energy Inc (NASDAQ: ENPH) is known as a global leader in solar energy solutions, and over the past five years, delivered beaming returns for traders and investors.

Benzinga

Benzinga Bulls And Bears Of The Past Week: Alibaba, Meta, Nio, Apple, Netflix, Southwestern Energy And More

Benzinga has examined the prospects for many investor favorite stocks over the past week.

Benzinga

Tencent Caught In Regulatory Turmoil Like Jack Ma's Ant Group

China looks to require Tencent Holdings Ltd (OTC:TCEHY) to include WeChat Pay in a newly created financial holding company, Bloomberg reports. The overhaul may mandate a new license for the universal mobile payments service subjecting it to intense regulatory scrutiny jeopardizing the one-stop-shop appeal reviving investor angst. Tencent needs to fold its banking, securities, insurance,…

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news in one place.

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Benzinga

Pete Najarian Books Profit On Alibaba Trade, But He's Still Holding These Names With China Exposure

Market Rebellion co-founder Pete Najaraian bought short-term Alibaba Group Holding Ltd (NYSE: BABA) call options earlier this week. He sold those calls following a surge in Alibaba's stock price.

Benzinga

Here's Why Alibaba, Nio And Baidu Shares Are Moving

Shares of Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA), Nio Inc - ADR (NYSE: NIO) and Baidu Inc (NASDAQ:

Benzinga

Tencent's Social Media Removes Posts Questioning China's Strong Economic Data

Tencent Holdings Ltd's (OTC:TCEHY) social media site WeChat deleted at least two reports by notable economists questioning China's surprisingly strong economic data, Bloomberg reports. JD.com Inc (NASDAQ:JD) chief economist Shen Jianguang argued over multiple contradictions behind the robust data. Tencent also removed a similar post by China Evergrande Group's former chief economist Ren…

Benzinga

Alibaba Skyrockets After Kevin O'Leary Loads Shares: Is The Bottom Finally In?

Alibaba Group Holdings, Ltd (NYSE: BABA) soared over 37% higher on Wednesday, completely erasing the decline the stock has suffered over the past eight trading days.

Benzinga

Alibaba Hunts For New SCMP Chief As It Devotes Former Chief To NFT Spinoff

Alibaba Group Holding Ltd (NYSE:BABA) owned South China Morning Post is on a CEO hunt, Bloomberg reports. The move coincided with Alibaba weighing options for media assets, including SCMP. Alibaba dedicated SCMP chief Gary Liu to running a spinoff to turn artwork into non-fungible tokens. Also Read: Alibaba Launches New NFT Marketplace: What…

Benzinga

Why Alibaba, Nio And Other Chinese Stocks Are Surging

Shares of Chinese companies including Alibaba Group Holding Ltd (NYSE: BABA) and NIO Inc (NYSE: NIO), are trading higher Wednesday following a Chinese state media report indicating China's financial s

Benzinga

Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees

Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) employees saw a job cut of 30%, the Print reports as per speculation on Weibo Corp (NASDAQ:WB). Internal speculation among employees was that Alibaba looked to lay off 30% of its employees while Tencent between 10% - 30% of its employees. Tencent started layoffs within small business…

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