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The Latest Breaking News from Alibaba

Morning Brief: Top Financial Stories Dominating on Tuesday, May 3

Bloomberg

Benzinga

China's top leaders signal reprieve for tech companies

Loosening restrictions could remove one source of downward pressure on China's economy.

Axios

Why Alibaba, Most Other Tech Peers Are Sliding In Hong Kong Today

Shares of U.S.-listed Chinese tech giants, which led the rally in previous sessions, were a mixed bag on Tuesday in Hong Kong as the market opened after a long weekend.

Benzinga

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Rumors Of Alibaba Founder Getting Arrested Spread After Report Says China Put 'Curbs' On Person With Same Surname

Chinese authorities have placed an individual with the last name Ma under “compulsory curbs” in the city of Hangzhou, Bloomberg News

Benzinga

Here's How 2022 Chinese Election Could Act As Tailwind For Alibaba And Others

Chinese President Xi Jinping reached out to the domestic private sector amid the growing economic challenges, the CityToday reports. Jinping highlighted the importance of private capital to economic development while emphasizing their adherence to the regulatory norms at a recent Politburo meet. The private sector generated over 50% of China's tax…

Benzinga

Read About Tencent's Latest Move At Battling Misinformation

Tencent Holding Ltd's (OTC:TCEHY) popular messaging service WeChat will begin revealing users' locations when they post on the platform, Reuters reports. Recently, a popular social media platform, Weibo Corporation (NASDAQ:WB), introduced the same settings permanently after more than a month of testing. The new setting aimed to combat misinformation related to recent "domestic and overseas hot-topic…

Benzinga

If You're Trading Alibaba As The Stock Surges, Here's How To Plan Entries And Exits

Alibaba Group Holdings, Ltd (NYSE: BABA) gapped up over 11% higher on Friday after breaking up from a falling channel pattern on Wednesday, which Benzinga called out two days prior.

Benzinga

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Mass Layoffs at 'China's Instagram': Tough Times or Primping for IPO?

Key takeaways: Xiaohongshu’s recent major layoffs could reflect a tough advertising market, even as it framed the move as normal workforce turnover Others reportedly laying off large numbers of workers include top livestream gaming platforms Huya and DouYu, whose planned merger was nixed by regulators last year

Benzinga

Alibaba's March Quarter Earnings Estimate Falls By Over 20% Over 3 Months: What You Need To Know

Alibaba Group Holding Inc. (NYSE: BABA) shares are recovering from near record lows. That does not change the fundamental outlook for the near term, as the company is contending with multiple headwinds.

Benzinga

Why Alibaba Shares Are Surging Today

Alibaba Group Holding Ltd (NYSE: BABA) shares are trading higher Friday after a Chinese state media report indicated the Chinese government may end its regulatory crackdown on big tech firms.

Benzinga

Here's Why Alibaba, JD Led Broad Rally In Chinese Tech Equities

Technology stocks led a broad rally in Chinese equities on April 29, with traders citing speculation of a possible easing of the domestic regulatory crackdown, Bloomberg reports. The Communist Party's Politburo pledged to support the healthy growth of platform firms. Top leaders also pledged to meet economic targets insinuating stimulus to…

Benzinga

Alibaba Edges Lower, Most Tech Peers Follow Suit: What's Dragging Hong Kong Stocks Today?

Shares of U.S.-listed Chinese tech giants mostly traded lower in Hong Kong on Friday as the benchmark index Hang Seng slid, despite positive global cues.

Benzinga

Analyst Slash Earnings Estimates For Alibaba, Baidu, Others Again Amid Surging Covid Environment

Analysts slashed the earnings estimates for the Chinese technology giants for a second straight month amid the nation’s persistent goal of its Covid-Zero strategy, Bloomberg reports. Analysts trimmed Alibaba Group Holding Limited (NYSE:BABA) estimates by 4.2% and Baidu, Inc (NASDAQ:BIDU) by 8.1%. U.S.-listed shares of Baidu have lost 10% in April, while those of Alibaba…

Benzinga

Android Could Soon Run On RISC-V Chips Courtesy Alibaba

Android could soon run on RISC-V chips following Alibaba Group Holding Limited's (NYSE:BABA) Alibaba Cloud's progress in porting the operating system to the emerging instruction-set architecture, the Tech Radar reports. In 2021, Alibaba successfully ported essential functions, including Chrome browsing in Android 10, to a RISC-V chip made by its subsidiary T-Head Semiconductor.…

Benzinga

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Bangkok Post

Alibaba looks to expand SE Asian arm Lazada to Europe: sources

SINGAPORE/SHANGHAI: Alibaba Group plans to expand its Southeast Asian arm, Lazada, to Europe, two sources familiar with the matter told Reuters, as the Chinese e-commerce company seeks further overseas growth amid slowing opportunities at home.

Benzinga

Alibaba Gains Alongside Most Other Tech Peers: What's Weighing On Hong Kong Stocks Today

Shares of U.S.-listed Chinese tech giants mostly traded higher in Hong Kong on Thursday as the benchmark index Hang Seng rose amid positive global cues.

Benzinga

Alibaba Slips, JD Bucks Tech Slide: What's Dragging Hong Kong Stocks Today

Shares of U.S.-listed Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ: JD), an

Benzinga

E-House Comes Unhinged in China's Real Estate Crash, Joining List of Victims

Key takeaways: • E-House defaulted on $298 million worth of bonds that matured April 18, though it said this week that bondholders had agreed on a restructuring plan

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news in one place.

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Benzinga

Alibaba, Other Tech Peers Snap Losing Streak In Hong Kong: What's Driving Them Today?

Shares of U.S.-listed Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ:

Benzinga

How To Trade This Pattern On Alibaba Stock

Alibaba Group Holdings, Inc (NYSE: BABA) gapped down over 4% to start Monday’s trading session but bounced up to close the gap intraday and was trading mostly flat by early afternoon.

Benzinga

Alibaba Continues Restructuring; CEO Daniel Zhang Steps Down From Tmall, Taobao

Alibaba Group Holding Ltd (NYSE:BABA) Chair and CEO Daniel Zhang stepped down as Chairman and General Manager of Zhejiang Tmall Technology Co., Ltd. and Taobao (China) Software Co., Ltd, the Pandaily reports. Trudy Dai will succeed Zhang. There are currently 16 companies under Zhang’s name, six of which he holds the position…

Benzinga

Alibaba, Other Tech Peers Slide For Fourth Session: What's Up With Hong Kong Tech Stocks Today?

Shares of U.S.-listed Chinese tech firms Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ: JD), and

Benzinga

Why Alibaba Shares Are Sinking Thursday

Shares of several Chinese stocks, including Alibaba Group Holding Ltd - ADR (NYSE: BABA), are trading lower as traders continue to digest the economic consequences of China’s zero Covid policy.

Benzinga

Alibaba Disruptive Tech Unit Axes 30% Staff; Alibaba Focuses On Carbon Neutrality

Alibaba Group Holding Ltd's (NYSE: BABA) DAMO Academy has gone ahead with a plan to cut a third of its workforce, the Pandaily reports.

Benzinga

Why Alibaba, Other Tech Peers Are Sliding For A Third Straight Day In Hong Kong

Shares of U.S.-listed Chinese tech firms Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ: JD), and

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