The Latest Breaking News from Alibaba

U.S. Commerce Secretary Gina Raimondo said on Wednesday that Chinese cloud computing companies like Huawei Cloud and Alibaba Cloud could pose a threat to U.S. security and vowed to review a request to add them to an export control list.

The regulatory tightening in China, which started in late 2020, intensified in terms of duration and scope. The Chinese government issued antitrust and antimonopoly laws, putting significant pressure on stocks. Hence, investors could consider avoiding fundamentally weak Chinese stocks The9 Limited (NCTY), Recon (RCON), and ZW Data (CNET), which are…

Investor sentiment toward China was undercut this week after two significant foreign investors in Chinese stocks announced they were liquidating their Chinese holdings. On Wednesday, European internet giant Prosus NV registered more than $4 billion of its stake in China’s Tencent Holdings (TCEHY ) for potential sale in Hong Kong,...

London (AFP) - Asian and European stocks wavered Thursday as traders digested recession risks and slowing inflation in the United States, and pored over earnings.

Stock futures nudge higher with earnings in focus; Fed minutes note recession risk, 'highly uncertain' bank crisis impact; Delta earnings on deck as carriers warn on surging costs; Harley Davidson shares slide as CFO Goetter leaves to join Hasbro and Softbank reportedly preparing to dump major stake in Alibaba.

Hong Kong (AFP) - Markets were mixed Thursday as traders weighed data showing US inflation falling against minutes from the Federal Reserve's most recent policy meeting indicating officials foresaw a recession at the end of the year.

Hong Kong (AFP) - Asian markets mostly fell Thursday after minutes from the Federal Reserve's most recent policy meeting showed officials foresaw a US recession at the end of the year, while inflation data could not temper expectations of another interest rate hike.

Alibaba showed off its version of the ChatGPT, demonstrating new software that it plans to roll out across all its platforms eventually. Read further on Dynamite News:

With government concerns over national security growing, Beijing’s influence over platforms such as WeChat and Shein could come under scrutiny