The Latest Breaking News from BABA

Alibaba Group Holding Ltd (NYSE:BABA) owned online shopping platform Taobao launched an interest-oriented community app called "Yousha" Pandaily reports.  TikTok parent ByteDance Ltd's news and information content platform Toutiao tested a smart reading app called "Shiqu."  The report adds that both the apps drive social interaction with personal interests, creating an interactive…

China's state broadcaster has implicated Jack Ma's Ant Group in a corruption scandal, 

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.

Tencent Holdings Ltd (OTC:TCEHY) tops China's most valuable private company list in 2021, according to the Hurun Report. Tencent heads the list with a valuation of $609 billion. Alibaba Group Holding Ltd (NYSE:BABA) dropped to third place. The Hurun Research Institute has released the list of the Top 500 China non-state-controlled enterprises ranked…

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.

 

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.