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The Latest Breaking News from BABA

Alibaba, EV Stocks Snap Losing Streak In Hong Kong Today; Tesla Rival Nio Surges On Debut — What's Driving The Rebound?

Shares of U.S.-listed Chinese tech companies traded higher in Hong Kong on Thursday, lifting the benchmark Hang Seng Index into positive territory after a four-day slump.

Benzinga

Here's Why Jack Ma Led Alibaba Affiliate's IPO Got Postponed Indefinitely

Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) affiliated fintech Ant Group's Hong Kong listing got postponed indefinitely as the bankers remained concerned over China's continued crackdown on the domestic tech sector, the Infomation reports. The weakness of publicly traded Chinese tech stocks, including Alibaba, has made it difficult for Ant and its stakeholders.…

Benzinga

Alibaba, Tech Peers Drag Hong Kong Shares Down For Fourth Day — What's Fraying Investor Nerves?

Shares of U.S.-listed Chinese tech companies slumped in Hong Kong on Wednesday and weighed on the benchmark Hang Seng Index, which extended losses to a fourth straight day.

Benzinga

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Alibaba Strikes Gains Even As Tech Peers Drop In Hong Kong Today - What's At Play?

Shares of U.S.-listed Chinese tech companies fell in Hong Kong on Tuesday, weighing on the benchmark Hang Seng Index, while Alibaba Group Holding Limited (NYSE: BABA) bucked the trend to jump over 1%.

Benzinga

Alibaba Commences Mass Production Of EVs

Jack Ma's Alibaba Group Holding Ltd (NYSE: BABA) has begun mass production of smart electric vehicles,

Benzinga

This Is What Whales Are Betting On Alibaba Group Holding

A whale with a lot of money to spend has taken a noticeably bearish stance on Alibaba Group Holding. Looking at options history for Alibaba Group Holding (NYSE:BABA) we detected 68 strange trades.

Benzinga

Why Alibaba And Tesla Rivals Xpeng, Li Auto Are Crashing In Hong Kong Today

Shares of U.S.-listed Chinese tech companies tumbled in Hong Kong on Friday, dragging the benchmark Hang Seng Index sharply lower, as investors assessed possible ripple effects from the escalating war between Russia and Ukraine.

Benzinga

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Tencent Follows Alibaba; To Slash Transaction Fees For SMEs

Chinese social media firm Tencent Holdings Ltd (OTC:TCEHY) looks to reduce transaction fees for small and medium-sized merchants using its WeChat payments system by 10%, Reuters reports. The reductions will apply beginning September 1, 2021, and extend to September 30, 2024. The merchants need to meet China's classification standards for small and medium-sized…

Benzinga

Why Alibaba, Xpeng And Other Tech Stocks Are Muted In Hong Kong Today

Shares of U.S.-listed Chinese tech companies were mixed in Hong Kong on Thursday, even as the benchmark Hang Seng Index opened higher on news that China may soften its zero-tolerance approach to curbing COVID-19 outbreaks.

Benzinga

This US-Listed Tech Stock Has Shot Up 7% Today In Hong Kong, Outperforming Alibaba And Others

Shares of U.S.-listed Chinese tech companies traded mixed in Hong Kong on Wednesday, even as the benchmark Hang Seng Index opened lower.

Benzinga

Meituan Slashes Commissions Post Regulatory Order; Alibaba Could Be Next

Chinese food delivery firm Meituan (OTC:MPNGY) looks to lower commissions for merchants on its platform, Reuters reports. Other major food delivery platforms in China include Alibaba Group Holding Ltd (NYSE:BABA)-owned Ele.me. Meituan currently charges ~12% in commissions for its food delivery business, a unit accounting for more than 50% of its total revenue, according to…

Benzinga

'China's Warren Buffet' Places Orders For Over $5M Tencent's Shares

A mainland billionaire investor has placed heavy orders on Tencent Holdings Ltd (OTC:TCEHY), Bloomberg reports. Duan Yongping, a billionaire entrepreneur dubbed China's Warren Buffet by Chinese media, has placed orders for more than $5 million of Tencent's U.S. listed shares. The share prices rallied in Hong Kong, making up for some of the…

Benzinga

Alibaba Dips While Tesla Rivals Li Auto, Xpeng Strike Gains In Mixed Hong Kong Market

Shares of U.S.-listed Chinese tech companies — with the exception of Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) — traded higher in Hong Kong on Tuesday, even as the benchmark Hang Seng Index drifted lower after a positive start.

Benzinga

Analyst Ratings For Alibaba Group Holding

Over the past 3 months, 9 analysts have published their opinion on Alibaba Group Holding (NYSE:BABA) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Benzinga

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Benzinga

What Are Whales Doing With Alibaba Group Holding

A whale with a lot of money to spend has taken a noticeably bearish stance on Alibaba Group Holding. Looking at options history for Alibaba Group Holding (NYSE:BABA) we detected 39 strange trades.

Benzinga

Analysts Continue To See Sharp Upside In Alibaba Post Q3 - Read Why

Analysts remained optimistic on Alibaba Group Holding Ltd (NYSE:BABA) post Q3 results. JPMorgan analyst Alex Yao noted that Alibaba reported fiscal Q3 results broadly in-line with Bloomberg consensus and his estimates. Yao has an Overweight rating and a $180 price target (65.2% upside) on Alibaba. He believes a weak December quarter result was "largely expected by…

Benzinga

How Alibaba's Cloud Revenue Stacks Up Against Azure, AWS, Google Cloud

Alibaba Group Holdings Limited (NYSE: BABA) reported mixed results for its December quarter, sending its shares lower Thursday.

Benzinga

What's Going On with Baidu And Pinduoduo Shares Today?

Shares of several Chinese companies, including Baidu Inc (NASDAQ: BIDU) and Pinduoduo Inc - ADR (NASDAQ: PDD), are trading lower following the Russian invasion of Ukraine and in sympathy with Alibaba Group Holdin

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Benzinga

Alibaba Shares Plunge After Q3 Earnings - Read How It Performed

Alibaba Group Holding Ltd (NYSE: BABA) reported third-quarter

Benzinga

Alibaba, Other Tech Stocks Lead Sell-Off In Hong Kong As Russia Launches Attack On Ukraine

Shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Wednesday, dragging the benchmark Hang Seng Index into negative territory amid news that Russia will launch an attack on Ukraine.

Benzinga

Huitongda Network Finds Big Bucks, But Thin Margins, in 'Sunken Market'

Key takeaways: Despite counting Alibaba as its second biggest shareholder, Huitongda’s Hong Kong IPO met with a tepid reception due to concerns about its thin margins Company appears overvalued compared with major competitor Pinduoduo, which spends far more on R&D By Ken Lo

Benzinga

Alibaba Group Holding's Earnings Outlook

Alibaba Group Holding (NYSE:BABA) is set to give its latest quarterly earnings report on Thursday, 2022-02-24. Here's what investors need to know before the announcement. Analysts estimate that Alibaba Group Holding will report an earnings per share (EPS) of $2.55.

Benzinga

Here's How Big Of A Recovery Investors Expect From Alibaba's Stock By Friday

Shares of Alibaba Group Holding Ltd (NYSE: BABA) have shed almost 9% since Thursday last week, amid wide speculations of the company facing further regulatory pressures, with Beijing preparing for another round of crackdowns.

Benzinga

Here's Why Alibaba Dumped Its Fundraising Plans

Alibaba Group Holding Ltd (NYSE:BABA) discussed raising at least $1 billion for Lazada before calling off negotiations when talks bogged down over the Southeast Asian online mall's valuation, Bloomberg reports. Alibaba had aimed to secure financing for Lazada ahead of its spinoff and a potential initial public offering. Alibaba ditched the fundraising…

Benzinga

Is Recovery Already Here? Alibaba Rises In Hong Kong, Alongside JD, Tesla Rival Li Auto And Other Tech Stocks

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

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