China Last Night KraneShares Week in Review Last weekend was the start of China’s dual sessions, from which China’s GDP growth target of 5.5% for 2022 was announced along with a slew of supportive eco...
Tag: Alibaba
Alibaba stock price has crashed. Is it too undervalued to ignore?
The Alibaba (NYSE: BABA) stock price tragic collapse accelerated on Thursday this week. The shares dropped to a low of $92.90, which was the lowest level since January 2017. It has crashed by over 70%...
Alibaba stock sinks to $92, here’s why shares are down
Alibaba (BABA) shares are at 52-week lows, trading at around $92 each during Thursday’s session following JD.com’s (JD) quarterly print and amid renewed worries over Chinese ADRs delisting...
JD.com Stock Falls After Earnings Top Estimates but Revenue Growth Slows
Text size A JD.com distribution center in Beijing. Greg Baker/AFP via Getty Images Shares of JD.com fell in premarket trading Thursday after the Chinese e-commerce giant reported fourth-quarter earnin...
Are Tai Lopez NFTs the market top? Alibaba massage gun scandal… and more
Some in the NFT community fear the market top may be in after Tai Lopez, the controversial entrepreneur and social media star, famous for his oddball marketing tactics, launched his own NFT project. T...
Tencent, Meituan, JD.com, And Kuaishou Lead Hong Kong Internet Rebound
China Last Night KraneShares Key News Asian equities had a mixed day as India, Singapore, Malaysia, and Thailand posted positive returns. Japan, China, and Hong Kong declined and South Korea was close...
Chinese Web Giant Tencent Cuts Transaction Fees For SMEs On WeChat
A Chinese vendor stands next to a QR code customers scan to pay via the WeChat app at a local market … [+]t in Beijing, China. (Photo by Kevin Frayer/Getty Images) Getty Images Chinese web giant...
Baidu Stock Jumps Even as Earnings Miss Estimates. Here’s What to Like.
Text size Like its peers in the Chinese tech sector, Baidu faces macroeconomic headwinds. Liu Jin/AFP via Getty Images A growing cloud computing and artificial intelligence business at Baidu helped th...
Baidu Stock Jumps Even as Earnings Miss Estimates. There Are Big Things to Like.
Text size Like its peers in the Chinese tech sector, Baidu faces macroeconomic headwinds. Liu Jin/AFP via Getty Images A growing cloud computing and artificial intelligence business at Baidu helped th...
Is The Worst Over For China’s Internet Giants?
Signage displayed at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Monday, Feb. … [+] 21, 2022. (Photo by Qilai Shen/Bloomberg) © 2022 Bloomberg Finance LP China’s largest i...
Covid-19 Vaccine Makers Face a New Rival as GlaxoSmithKline and Sanofi Prepare to Enter the Ring
As new Covid-19 cases fall, the postpandemic vaccine market grows more interesting. On Wednesday, GlaxoSmithKline and Sanofi, two of the world’s largest vaccine makers, said they would submit a Covid ...
Mainland China Outperforms Hong Kong As Investors Assess Geopolitical Risk, Internet Stocks Rebound, Week In Review
China Last Night KraneShares Week In Review Asian equities began the week lower on fears of a Russian invasion of Ukraine and came under further pressure Thursday when the invasion materialized. Mainl...
Dow Jones Rallies As Biden Ramps Up Russia Sanctions; Tesla Stock Stuns As Alibaba Stalls; Cybersecurity Stocks Jump
The Dow Jones Industrial Average rallied after President Joe Biden announced new sanctions on Russia over its invasion of Ukraine. Cybersecurity stocks gained as the risk of cyberwarfare rose, with Fo...
Alibaba Reaches 1.3 Billion Annual Active Consumers, Russian Invasion In Ukraine Sends Asia Equities Lower
Key News Asian equities were a sea of red overnight as Russia began an offensive in Ukraine, citing support for breakaway eastern provinces, but launching airstrikes as far away as Kyiv. Alibaba repor...
Alibaba to reward NFTs in its first blockchain game
Players earn points by beating levels Gifts can be seen on Alibaba affiliate Ant Group China has no law or regulation on NFTs yet Alibaba is remunerating non-fungible tokens (NFTs) on its first blockc...
Alibaba Posts Lowest Growth on Record After China Crackdown
(Bloomberg) — Alibaba Group Holding Ltd. reported the slowest revenue growth since it went public, underscoring how China’s crackdown on its technology sector is taking a financial toll on the e...
China Tech Rout Resumes on Policy Jitters Before Alibaba Results
(Bloomberg) — Chinese technology stocks tumbled by the most in seven weeks, tracking a broader selloff due to tensions in Ukraine, with investors weighing the risk of further regulatory tighteni...
Alibaba’s Quarterly Profit Is Set to Plummet 60%. Here’s Why.
Text size Alibaba earnings are due Thursday. Qilai Shen/Bloomberg Alibaba ‘s quarterly profit is expected to fall almost 60% year over year when the Chinese tech giant reports earnings on Thursday. In...
Alibaba Faces Volatile Reaction to Earnings as Woes Mount
(Bloomberg) — Alibaba Group Holding Ltd. faces a wild ride over the next few days, with options pricing pointing to huge swings in the stock as investors brace for a drop in earnings and further...
Jinhui Mining Gains Nearly 44% In China Stock Debut As IPO Mints New Billionaire
A security officer wearing a face mask walks in front of the Shanghai Stock Exchange building in … [+] Shanghai in 2020. (AP Photo) ASSOCIATED PRESS Shares in Jinhui Mining, a China processor of...
Alibaba share price forecast ahead Q3 results
Alibaba Group Holding Ltd (NYSE: BABA) will announce third-quarter earnings results this Thursday, February 24, before the market opens. Alibaba shares have weakened more than 50% in the period of the...
Chinese Tech Stocks Drop to New Crackdown Lows, Led by Alibaba
(Bloomberg) — Chinese technology stocks dropped for a third straight session amid fresh worries over Beijing’s regulatory plans for the sector. Most Read from Bloomberg The Hang Seng Tech Index ...
Meituan Shares Fall On NDRC Guidance, Week In Review
Week in Review Asian equities began the week lower as investors globally were risk-off on concerns about the Russia/Ukraine conflict. However, most major Asian indexes gained some ground back later in...
Alibaba-Backed Huitongda Rises On Debut; China E-Commerce Billionaire’s Fortune Gains Anew
Alibaba-invested e-commerce firm Huitongda went public at the Hong Kong Stock Exchange today. … [+] Photographer: Roy Liu/Bloomberg © 2020 Bloomberg Finance LP Alibaba-backed Huitongda Network r...
Will Alibaba beat earnings expectations?
Alibaba Group Holding Limited (BER:2RR) is expected to report earnings in the course of this week. So, what could potentially happen with Alibaba stock when the earnings are finally out? To understand...
Alibaba stock rising on gains on China & Hong Kong policy easing: here is where to buy
Alibaba stock has been slowly regaining ground after declining since mid-October 2020. The stock has been affected by a myriad of events including pressure by the US governments on Chinese companies o...