Alibaba and Chinese Stocks Face Economic Challenges
The ongoing economic challenges in China have taken a toll on Alibaba and other Chinese stocks. However, amidst the gloom, there is a glimmer of hope. The latest release of…
U.S.-Listed Shares of Alibaba Soar as Ant Group Investigation Nears Conclusion
U.S.-listed shares of Alibaba Group Holding Ltd. experienced a surge ahead of Friday's market open following reports that the ongoing investigation into Ant Group is coming to an end, resulting…
Alibaba Jumps 10% After China Reportedly Agrees to Ant’s Financial Holding License
(Reuters) Shares of Alibaba rose more than 10% on Friday after reports indicated China had accepted Ant Group’s application to become a financial holding company. The grant is expected to…
Alibaba Erases Gains as China Denies Ant IPO Revival
(Bloomberg) Shares of Chinese giant Alibaba Group Holdings Ltd. declined on Thursday, following Beijing’s denial that it is looking at reviving the initial public offering of Ant Group Co. Alibaba…
Alibaba Jumps 4% on Reports China Is Reconsidering Ant Group’s IPO
(Bloomberg) Shares of Alibaba Group rose more than 4% in premarket on Thursday on the news indicating that Chinese authorities are ready to revive Ant Group’s initial public offering. The…
Chinese Stocks in US Exchanges Post Gains as Beijing Approves More Video Games
(Bloomberg) Bilibili Inc. stock jumped more than 7% on Wednesday, leading gains among Chinese peers listed in the US as Beijing toned down on the internet firms. The improved sentiment…
Chinese Stocks Jump as Beijing Schedules Meeting to Tame Crackdown
(SCMP) Chinese regulators will reportedly meet with the company’s Big Tech firms after the Labor Day holiday to discuss how the platforms can play a bigger role in the economy.…
Charlie Munger’s Daily Journal Corp. Dumps 50% of Alibaba Stake
(Reuters) Charlie Munger’s Daily Journal Corp. held around 300,000 shares of Alibaba as of March 31, a more than 50% reduction of stake from 602,060 at the end of 2021.…
US-Listed China Shares Jump as Beijing-Washington Hold Talks on Auditing Impasse
(Bloomberg) Alibaba shares rose more than 6% as other major Chinese firms listed in the US gained on news that Beijing will give full access to audits of most entities…
Alibaba Jumps 11% After Announcing a $25 Billion Share Repurchase
(Alibaba) Shares of Chinese tech giant Alibaba rose more than 11% in Hong Kong on Tuesday after raising its stock repurchase program to $25 billion from the previous $15 billion.…
Alibaba Plunges 6% As Revenue Misses Estimates, Posts Lower Incomes
(Alibaba) Shares of Chinese tech giant Alibaba fell more than 6% on Thursday after reporting a revenue of RMB242.58 billion or $38.066 billion in the December quarter. The revenue, 10%…
Alibaba, Pinduoduo, and JD.com Surge as State Funds Buy Stocks of US-Listed Firms
(Bloomberg) Shares of Chinese giants including Alibaba, Pinduoduo, and JD.com rose on Tuesday as reports emerged that state backed funds were buying the shares. The move by the Chinese state-backed…