The Latest Breaking News from BABA

Alibaba got good news that China might reduce a $1 billion fine on the company's fintech arm, Ant Group. BABA stock rose then fell.

Alibaba showed off its version of the ChatGPT, demonstrating new software that it plans to roll out across all its platforms eventually. Read further on Dynamite News:

Tech and communication services stocks were two of the worst performers today as Treasury yields rose.

The Dow Jones fell as Alibaba soared. Three stocks, including Coinbase, struggled despite Cathie Wood buying shares. Micron earnings missed.

Today’s announcement by Alibaba Group Holding (BABA ) that it will split its $220 billion business into six main units encompassing e-commerce, media, and the cloud is another factor that may extend the recent rally in Chinese technology stocks. In addition, mostly better-than-expected earnings results from China’s mega-cap technology stocks...

In a groundbreaking move, Alibaba will split into six different companies that will operate independently and are free to raise funds.

Tech led the stock market lower while Warren Buffett booked a quick $450 million profit.

While it could be a good idea to invest in resurgent China that is prioritizing economic growth, the prospects of Alibaba (BABA) don’t seem certain enough. Hence, growing Chinese stocks Hello Group (MOMO), China Automotive Systems (CAAS), and Tarena International (TEDU) could be better bets instead. Continue reading….

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