The Latest Breaking News from BABA

Shares of U.S.-listed Chinese tech companies tumbled in Hong Kong on Friday, dragging the benchmark Hang Seng Index sharply lower, as investors assessed possible ripple effects from the escalating war between Russia and Ukraine.  

Chinese social media firm Tencent Holdings Ltd (OTC:TCEHY) looks to reduce transaction fees for small and medium-sized merchants using its WeChat payments system by 10%, Reuters reports. The reductions will apply beginning September 1, 2021, and extend to September 30, 2024. The merchants need to meet China's classification standards for small and medium-sized…

Shares of U.S.-listed Chinese tech companies were mixed in Hong Kong on Thursday, even as the benchmark Hang Seng Index opened higher on news that China may soften its zero-tolerance approach to curbing COVID-19 outbreaks.  

Shares of U.S.-listed Chinese tech companies traded mixed in Hong Kong on Wednesday, even as the benchmark Hang Seng Index opened lower.  

Chinese food delivery firm Meituan (OTC:MPNGY) looks to lower commissions for merchants on its platform, Reuters reports. Other major food delivery platforms in China include Alibaba Group Holding Ltd (NYSE:BABA)-owned Ele.me. Meituan currently charges ~12% in commissions for its food delivery business, a unit accounting for more than 50% of its total revenue, according to…

A mainland billionaire investor has placed heavy orders on Tencent Holdings Ltd (OTC:TCEHY), Bloomberg reports. Duan Yongping, a billionaire entrepreneur dubbed China's Warren Buffet by Chinese media, has placed orders for more than $5 million of Tencent's U.S. listed shares. The share prices rallied in Hong Kong, making up for some of the…

Shares of U.S.-listed Chinese tech companies — with the exception of Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) — traded higher in Hong Kong on Tuesday, even as the benchmark Hang Seng Index drifted lower after a positive start.

Over the past 3 months, 9 analysts have published their opinion on Alibaba Group Holding (NYSE:BABA) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

A whale with a lot of money to spend has taken a noticeably bearish stance on Alibaba Group Holding. Looking at options history for Alibaba Group Holding (NYSE:BABA) we detected 39 strange trades.

Analysts remained optimistic on Alibaba Group Holding Ltd (NYSE:BABA) post Q3 results. JPMorgan analyst Alex Yao noted that Alibaba reported fiscal Q3 results broadly in-line with Bloomberg consensus and his estimates. Yao has an Overweight rating and a $180 price target (65.2% upside) on Alibaba. He believes a weak December quarter result was "largely expected by…

Alibaba Group Holdings Limited (NYSE: BABA) reported mixed results for its December quarter, sending its shares lower Thursday.