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The Latest Breaking News from Alibaba

Stocks Slip, Barr Testimony, Lyft Leaps, Occidental Buffett Boost, Alibaba Plans Split - Five Things To Know

Stock futures slip lower as bank sector worries clip sentiment; Fed supervisor Barr to face Senate lawmakers on SVB collapse; Lyft shares leap as founders step aside for new CEO David Risher; Occidental shares jump as Warren Buffett adds more shares to holding and Alibaba shares spike on plans to…

The Street

Alibaba to split into six units

Alibaba Group Holding Ltd has announced plans to split its $220-billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or an initial public offering (IPO) when the time is right.

Bangkok Post

Alibaba's Jack Ma returns to mainland China

Alibaba founder Jack Ma has resurfaced in China after months of overseas travel, visiting a school in the eastern city of Hangzhou where he discussed various topics including artificial intelligence

The Independent UK

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Alibaba founder Jack Ma seen in China after months of absence

Billionaire is thought to have remained outside country after state crackdown on tech sector

The Guardian - UK

Alibaba founder Jack Ma returns to mainland China to visit school in Hangzhou

Jack Ma, the founder of Alibaba Group Holding, returned to mainland China recently after more than a year of overseas travel, and visited a school he founded in the city of Hangzhou, the hometown of Alibaba, according to sources familiar with his schedule.

Bangkok Post

TikTok trackers found on multiple US government websites

Tracking pixels belonging to TikTok, Tencent, Alibaba, and Russian-owned Kaspersky were all found.

TechRadar

Weaponised drone made in China shot down in Ukraine

Retrofitted and weaponised drone shot down by AK-47 in eastern Ukraine

The Independent UK

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Weekly Must-Read: TikTok’s Chinese Twin Is Taking On Alibaba and Meituan for E-Commerce Market Share

Like ByteDance’s TikTok, the Douyin video sharing app deploys live-streaming in the competition for consumers in the online marketplace

Caixin Global

China's JD.com Beats Quarterly Sales, Earnings Targets Despite Covid Restraints

China e-commerce giant JD.com on Thursday beat expectations for sales and earnings in the fourth quarter. JD stock fell.

Investors Business Daily

Jim Cramer Has Advice Some Investors May Not Like

In a tweet, Cramer gave a new reason why investors should avoid buying stocks from a key country.

The Street

What the ChatGPT Moment Means for U.S.-China Tech Competition

The rise of American-made chatbots has kicked off a flurry of Chinese activity.

Foreign Policy

China wants AI to rival ChatGPT. Censorship makes that tricky

Chinese firms including Baidu and Alibaba are racing to roll out versions of the chatbots taking tech world by storm.

Al Jazeera

Stock Market Sells Off As Hot Inflation Revives Fed Fears; Nvidia, Walmart, Home Depot Earnings In Focus: Weekly Review

The market rally is under increasing pressure as inflation revives and Fed fears mount. Nvidia spiked on earnings, but Walmart and Home Depot guided low.

Investors Business Daily

A year into Ukraine war, Asia’s big brands sit out Russia boycott

Fewer than 100 Asia-based firms have suspended or scaled back their Russia operations, according to database.

Al Jazeera

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Investors Business Daily

Alibaba Fights Through Multiple Obstacles To Report Quarterly Earnings Beat

Alibaba reported quarterly results early Thursday, as the China e-commerce giant beat estimates. BABA stock jumped.

Investors Business Daily

Dow Jones Futures Rise: Nvidia Earnings Lift Chips; S&P 500 Set To Bounce From Key Support

The S&P 500 tested its 50-day moving average Wednesday. Nvidia jumped late as the chip giant headlined overnight earnings.

StockNews.com

2 China Stocks That Could Be Better Buys Than Alibaba in 2023

Amid the reopening of China’s economy, stocks are expected to see a significant rebound. Therefore, investors could invest in fundamentally strong stocks Hello Group (MOMO) and China Automotive Systems (CAAS) instead of Alibaba Group (BABA). Read more….

Investors Business Daily

China Internet Stocks Slammed On Fear Of Growing Competition

JD stock and other China internet stocks dropped as JD plans to spend $1.5 billion to create a subsidiary, raising fears of more competition.

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Tribune News Service

Hackers scored data center logins for some of the world’s biggest corporations more than a year ago. Now they’re selling that information

In an episode that underscores the vulnerability of global computer networks, hackers got ahold of login credentials for data centers in Asia used by some of the world’s biggest businesses, a potential bonanza for spying or sabotage, according to a cybersecurity research firm.

Caixin Global

Weekly Must-Read: China’s Hunt for Strategic New Energy Minerals

Pursuit of key minerals intensifies as U.S., Canada and Australia restrict Chinese access to “strategic” materials

The Street

Charlie Munger Reveals What Stock He's 'Addicted' To

Charlie is the second largest individual holder of this company's stock.

The Street

'Big Short' Michael Burry Invests in MGM Casinos And Chinese Giant Alibaba

The legendary investor has acquired shares of hotel and casino giant MGM Resorts International and of Chinese retailers Alibaba and JD.com.

The Street

'One Of The Biggest Mistakes I Ever Made': Charlie Munger Regrets Major Investment

The Berkshire Hathaway vice chairman opens up about an investment misstep in remarks at the Daily Journal annual meeting.

Bangkok Post

Sabuy aims to capture society’s basic needs

Founded as a top-up machine operator in 2015, Sabuy Technology Plc has shifted focus to a commerce lifestyle platform provider, aiming to become an infrastructure operator in that sector regionally by next year.

Los Angeles Times

First came fast-fashion giant Shein. Now other Chinese brands are gunning for the same success

For nearly two decades, Bowen Tsui's family business in China has made garments to order for foreign clients to sell overseas under their own labels. Now, he believes the company's survival depends on whether it can design, brand and distribute clothing by itself.

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