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The Latest Breaking News from Alibaba

Saudi Arabia Announces $6.4 Billion Investments in Future Tech

Saudi Arabia has launched investments worth $6.4 billion in future technologies, the Saudi minister of communication and information technology said on Tuesday, as the Kingdom races to diversify its economy from oil. The investments announced on Tuesday include a $2 billion joint venture between eWTP Arabia Capital, a fund backed…

Asharq Al-Awsat

Why Alibaba Is Rising Today Even As Tech Peers Extend Losses In Hong Kong

Shares of U.S.-listed Chinese tech companies — with the exception of Alibaba Group Holding Limited (NYSE: BABA) — extended losses in Hong Kong on Friday, dragging the benchmark Hang Seng Index into negative territory for a second straight day.

Benzinga

Why Alibaba And Other Tech Stocks Are Dragging The Hang Seng Index Lower Today

Shares of U.S.-listed Chinese tech companies traded notably lower in Hong Kong on Thursday, dragging the benchmark Hang Seng Index into negative territory.

Benzinga

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Analysts Cut Alibaba Price Target Ahead Of Quarterly Results; Remain Bullish

Analysts cut their price targets on Alibaba Group Holding Ltd (NYSE:BABA) ahead of its quarterly results. However, they continue to see double-digit upside in the stock. Stifel analyst Scott Devitt lowered the price target on Alibaba to $150 from $170 (28% upside) and reiterated a Buy rating. The re-rating follows the previewed results for his…

Benzinga

Alibaba Scandal Doing Shareholders No Favors

Corruption probe of party official hitting stock that's already down sharply, Alex Frew McMillan notes.

The Street

Chart Wars: Does Amazon Or Alibaba Have More Upside Potential?

Amazon.com, Inc (NASDAQ: AMZN) and Alibaba Group Holdings, Inc (NYSE: BABA) were trading down over 4% and 1.3%, respectively, on Tuesday afternoon in a continued sell-off that has seen Amazon lose about 16% of its va

Benzinga

ZhongAn's Big-Tech Ties In Focus As Alibaba-linked Ant Trims Stake

Key takeaways: • Ant Group, one of the three founders of ZhongAn, disclosed last week it trimmed its stake in the digital insurer • ZhongAn has close business ties to the three parents, especially Ant and its Alibaba affiliate under a platform cooperation agreement

Benzinga

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Why Nio And Alibaba Shares Are Falling Today

Shares of Chinese stocks, including Nio Inc - ADR (NYSE: NIO) and Alibaba Group Holding Ltd - ADR (NYSE: BABA), are both trading lower amid continued overall weakness in global markets on US Fed policy tightening concerns.

Benzinga

Why Alibaba, Baidu And Other Tech Stocks Are Falling In Hong Kong Today

Shares of U.S.-listed Chinese tech companies traded mostly lower in Hong Kong on Friday, dragging the benchmark Hang Seng Index into negative territory.

Benzinga

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

Shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Thursday, lifting the benchmark Hang Seng Index to its highest level in almost two months.

Benzinga

China Raises More Regulatory Hurdles For Alibaba, Other Chinese Tech Giants

Benzinga

Why This Alibaba Analyst Is Bullish Despite Tempering Near-Term Expectations

Alibaba Group Holding Limited's (NYSE: BABA) travails are far from over, at least in the near term, although its long-term future is promising, an analyst at Raymond James said in a Wednesday note.

Benzinga

Why Alibaba Is Falling Today Even As Tech Peers Lead Hang Seng Higher

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

Benzinga

Alibaba's U.S. Cloud Business Could Pose Cybersecurity Risk, Probe Says

Alibaba could provide Chinese officials personal data stored on its servers, according to U.S. investigators.

The Street

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Benzinga

Why Alibaba Shares Are Sliding Today

Alibaba Group Holding Ltd (NYSE: BABA) is trading lower Tuesday morning following a report suggesting the U.S. is examining Alibaba's cloud unit for national security risks.

Benzinga

Why Are Alibaba Shares Trading Lower Premarket?

The U.S. government is reviewing e-commerce giant Alibaba Group Holding Ltd's (NYSE:BABA) cloud business to determine whether it poses a risk to U.S. national security, Reuters reports. The U.S. focuses on how Alibaba stores U.S. clients' data, including personal information and intellectual property, and whether the Chinese government could gain access to it. …

Asharq Al-Awsat

US Examining Alibaba’s Cloud Unit for National Security Risks

The Biden administration is reviewing e-commerce giant Alibaba's cloud business to determine whether it poses a risk to US national security, according to three people briefed on the matter, as the government ramps up scrutiny of Chinese technology companies' dealings with US firms. The focus of the probe is on…

Al Jazeera

Down but not out: China’s Alibaba looks towards challenging 2022

Chinese tech giant’s deep pockets and ability to adapt are seen as key to weathering the tough year ahead.

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Fortune

Who's King of Cloud Revenue Growth? Hint: It's Not Amazon or Microsoft

And it's not Google either.

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