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The Latest Breaking News from Alibaba

Alibaba Partners With Canaan Over AI

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…

Tesla Rivals Li Auto, Xpeng Strike Gains In Hong Kong While Alibaba, Other Tech Giants Are Muted

Tesla Rivals Li Auto, Xpeng Strike Gains In Hong Kong While Alibaba, Other Tech Giants Are Muted

Shares of U.S.-listed Chinese tech companies — led by the electric vehicle makers — traded somewhat higher in Hong Kong on Tuesday, even as the benchmark Hang Seng Index was muted.

Meet 'Dong Dong,' the Winter Olympics' first virtual influencer

Meet 'Dong Dong,' the Winter Olympics' first virtual influencer

Developed by the Alibaba DAMO Academy, the AI persona can answer questions and, more importantly, hawk Olympics merch to viewers.

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Why Alibaba, Tesla Rival Xpeng And Other Tech Stocks Are Falling In Hong Kong Today

Shares of U.S.-listed Chinese tech companies traded mostly lower in Hong Kong on Friday, dragging the benchmark Hang Seng Index into negative territory.

Facebook Parent Meta Capitalizes On Super Bowl Ad To Promote Metaverse

Meta Platforms Inc's (NASDAQ:FB) Super Bowl ad looks to sell the metaverse promise and its virtual-reality headsets with the help of an out-of-work animatronic singing dog, the Wall Street Journal reports. The commercial that the Meta aims to run during the game features the company's Quest 2 headset, which sells for at…

Here's What Happened Between China Regulator And Alibaba, Tencent

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…

Here's How Alibaba Is Capitalizing To Promote 2022 Beijing Olympics

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…

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China's Cyber Watchdog Spells Out Development Strategies for Tech Giants

China's Cyber Watchdog Spells Out Development Strategies for Tech Giants

China's cyberspace watchdog said a symposium it held with Chinese tech giants last month had given the industry a "clearer understanding" and more confidence in how to pursue development and opportunities as they adjust to a new regulatory landscape. The Cyberspace Administration of China said its official publication had carried…

Asharq Al-Awsat

Why Alibaba And Tesla Rival Xpeng Are Rising Today Even As Hang Seng Index Drifts Lower

Why Alibaba And Tesla Rival Xpeng Are Rising Today Even As Hang Seng Index Drifts Lower

Shares of U.S.-listed Chinese tech companies traded mixed in Hong Kong on Thursday, while the benchmark Hang Seng Index drifted into negative territory.

Why Alibaba, Tesla Rival Xpeng And Other Tech Stocks Are Shooting Up In Hong Kong Today

Why Alibaba, Tesla Rival Xpeng And Other Tech Stocks Are Shooting Up In Hong Kong Today

Shares of U.S.-listed Chinese tech companies traded notably higher in Hong Kong on Wednesday, lifting the benchmark Hang Seng Index firmly into positive territory.

Should Amazon Or Alibaba Try To Acquire ContextLogic (WISH) In 2022? Survey Says..

Should Amazon Or Alibaba Try To Acquire ContextLogic (WISH) In 2022? Survey Says..

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

Why Alibaba And DiDi Global Shares Are Rising

Why Alibaba And DiDi Global Shares Are Rising

Shares of several Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA) and DiDi Global Inc - ADR (NYSE: DIDI), are trading higher following news indicating China's state-backed investment

Why Alibaba And Tech Peers Are Extending Losses In Hong Kong Today

Why Alibaba And Tech Peers Are Extending Losses In Hong Kong Today

Shares of U.S.-listed Chinese tech companies traded notably lower in Hong Kong on Tuesday, dragging the benchmark Hang Seng Index into negative territory.

What Will It Take For Alibaba To Turn Up From Its Downtrend?

What Will It Take For Alibaba To Turn Up From Its Downtrend?

Alibaba Group Ltd. (NYSE: BABA) shares are trading lower Monday amid media reports speculating that Softbank may sell part of its stake in the company. The stock continues to decline, trading within in a descending channel pattern. Alibaba was down 5.74% at $115.21 at last check.

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Here's What Citi Thinks Of Alibaba's ADS Issuance

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.

Asharq Al-Awsat

Hologram of IOC’s Bach Hands over ‘Torch’ in Virtual Relay

After days of face to face diplomacy at the Beijing 2020 Winter Olympics, it was time for the holograms to take over on Sunday. A life-size image of International Olympic Committee president Thomas Bach virtually handed an Olympic torch to a similar hologram of the chief executive of tech giant…

Benzinga Bulls And Bears Of The Past Week: Peloton, Robinhood, Alibaba, PayPal, Roblox And More

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

If You Invested $1,000 In Alibaba's Stock One Year Ago, Here's How Much You'd Have Now

Investors who have owned stocks in the past year have generally experienced some solid gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return over the last 12 months is 22%. But there is no question some big-name stocks performed better than others along the way.

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Krungthai ready to offer “Alibaba DR” investing in global tech company on 14 - 17 Feb

Krungthai is set to upgrade foreign stock investment with “Alibaba DR”, a depositary receipt (DR) representing shares of a global tech company. The IPO subscription for retail investors will be available via Krungthai Zmico Securities and Finansia Syrus Securities on 14 - 17 February 2022. It is highly advisable to…

Asharq Al-Awsat

Saudi Arabia Announces $6.4 Billion Investments in Future Tech

Saudi Arabia has launched investments worth $6.4 billion in future technologies, the Saudi minister of communication and information technology said on Tuesday, as the Kingdom races to diversify its economy from oil. The investments announced on Tuesday include a $2 billion joint venture between eWTP Arabia Capital, a fund backed…

Why Alibaba Is Rising Today Even As Tech Peers Extend Losses In Hong Kong

Shares of U.S.-listed Chinese tech companies — with the exception of Alibaba Group Holding Limited (NYSE: BABA) — extended losses in Hong Kong on Friday, dragging the benchmark Hang Seng Index into negative territory for a second straight day.

Why Alibaba And Other Tech Stocks Are Dragging The Hang Seng Index Lower Today

Shares of U.S.-listed Chinese tech companies traded notably lower in Hong Kong on Thursday, dragging the benchmark Hang Seng Index into negative territory.

Analysts Cut Alibaba Price Target Ahead Of Quarterly Results; Remain Bullish

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…

Chart Wars: Does Amazon Or Alibaba Have More Upside Potential?

Amazon.com, Inc (NASDAQ: AMZN) and Alibaba Group Holdings, Inc (NYSE: BABA) were trading down over 4% and 1.3%, respectively, on Tuesday afternoon in a continued sell-off that has seen Amazon lose about 16% of its va

ZhongAn's Big-Tech Ties In Focus As Alibaba-linked Ant Trims Stake

Key takeaways: • Ant Group, one of the three founders of ZhongAn, disclosed last week it trimmed its stake in the digital insurer • ZhongAn has close business ties to the three parents, especially Ant and its Alibaba affiliate under a platform cooperation agreement

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