A Cheesecake Factory restaurant in Louisville, Kentucky. Andy Lyons | Getty Images Check out the companies making the biggest moves midday: Goldman Sachs — The bank slid more than 2% after reporting e...
Tag: Alibaba
Meme Stock Billionaire’s Alibaba Wager Risks Clash With Beijing
(Bloomberg) — Ryan Cohen enthralled a generation of stock market punters by placing counter-intuitive bets on household names from GameStop Corp. to Bed Bath & Beyond Inc. Now, the activist ...
Alibaba Bulls See $140 Billion Rally Extending on Cohen’s Buy
(Bloomberg) — China tech bulls expect activist investor Ryan Cohen’s foray into Alibaba Group Holding Ltd. to add impetus to the stock, which has increased more than $140 billion in market value...
Alibaba stock red-hot on Goldman upgrade
Among this past week’s most significant analyst rating changes, Alibaba was stamped with Conviction Buy at Goldman and CarMax was cut at JPMorgan. Here are all of this past week’s most sig...
Markets Rise On Epic Foreign Inflow As Internet Stocks Climb The Wall Of Worry, Week In Review
China Last Night KraneShares Week in Review China’s December CPI was released at +1.8% versus November’s +1.6%, meeting expectations of 1.8%. On Wednesday, The World Bank cut its 2023 global GDP growt...
Can China’s Billionaires Breathe A Sigh Of Relief In 2023?
Jack Ma, cofounder of Chinese e-commerce behemoth Alibaba and fintech giant Ant Group. PHILIPPE LOPEZ/AFP via Getty Images) For China’s richest billionaires, last year was the worst in decades. Covid-...
Paytm Shares Decline Following Alibaba Affiliate’s Alleged Sale of Stake Worth $125M
Digital payments firm Paytm saw its stock decline markedly after a shareholder offloaded 19.20 million shares. Paytm shares suffered an 8.8% decline on Thursday following a series of block deals recor...
CPI Under 2% In China As Clean Tech & EV Outperform
China Last Night KraneShares Key News Asia equities were largely higher except for Singapore and India’s small pullback in advance of the US’ highly anticipated CPI release. Overnight China’s December...
Rally Catches Its Breath As World Bank Releases 2023 GDP Forecast
China Last Night KraneShares Key News Asian equities were mixed overnight while Japan and South Korea outperformed. Hong Kong and China eased in afternoon trading though the Hang Seng closed in the gr...
EV & Auto Stocks Rise On December And 2022 Data As Tesla’s Market Share Drops
China Last Night KraneShares Key News Asian equities were mixed overnight as India underperformed the region. Light on news overnight as Hong Kong stocks took a breather after their strong rally which...
Alibaba Is Top Pick, Analyst Boosts Estimates Expecting Growth Recovery And Easing Logistics From Fiscal 24
Benchmark analyst Fawne Jiang reiterated Buy on Alibaba Group Holding Limited (NYSE: BABA) with a $180 price target. Jiang views BABA stock as a top pick for a big-cap China value play in 2023. Fundam...
Alibaba Cloud Launches Global Apsara Developer Community
Increasing resources and tech supports including superapp-building solution, scholarship program and competitions JAKARTA, Indonesia–(BUSINESS WIRE)–Alibaba Cloud, the digital technology and intellige...
Why Alibaba stock is rising and the next price target
Alibaba Group Holdings Ltd (OTCMKTS:BABAF) traded higher by 8.66% in Hong Kong on Monday on positive tech news. According to the latest stock market reports, Alibaba founder Jack Ma had agreed to reli...
Alibaba’s Ant Could Be Marching Toward An IPO, CNY’s Remarkable Ghost Rally
Key News Asian equities had a strong day as Japan was on holiday for Respect for the Aged Day. Jack Ma’s voting rights in financial technology giant Ant Group were lowered to 6.2% from 53.4%, though h...
Alibaba Cloud Unveils Its First International Product Innovation Center and Partner Management Center
Leading cloud service provider manifests its commitment to global customers, starting from its international headquarters in Singapore The cloud leader also attains the highest tier of cybersecurity c...
Alibaba Leads China Tech Gains as Regulatory Woes Ease Further
(Bloomberg) — Chinese tech stocks jumped as the sector’s outlook improved further following regulator comments that a years-long crackdown is ending. Most Read from Bloomberg Alibaba Group Holdi...
Reopening Rolls On, Clean Tech Jumps, Week In Review
China Last Night KraneShares Week in Review Asian equities started 2023 with China outperforming as the country gears up to allow foreign visitors to enter the country quarantine-free starting Sunday....
Foreign Investors Raise China Allocations Overnight
China Last Night KraneShares Key News Asian equity markets were higher as Hong Kong, China, and Singapore outperformed, while Indonesia was off more than -2%. Relatively quiet from a news perspective ...
How Alibaba Stock Can Double Off Its 2022 Low
Shares of Alibaba (BABA) – Get Free Report are starting the year off higher, already up more than 15% so far. The stock jumped 4.4% on Jan. 3, the first trading day of the year. Today, the shar...
Chinese Stocks Gain $70 Billion As Ant Group’s New $1.5 Billion Plan Fuels Investor Optimism
Topline Chinese stocks listed on U.S. exchanges soared Wednesday, far outpacing the broader market, as investors latched onto a rare easing of business regulations from Beijing. It was a banner day fo...
Alibaba Stock Is Soaring. What’s Driving Its Big Move.
Alibaba stock was on a tear Wednesday amid signs that the tough regulatory landscape for Chinese tech stocks—one of two key headwinds facing the sector—is improving. Progress has put investors on a bu...
Alibaba Leads Rally in US-Listed China Stocks on Ant Capital Nod
(Bloomberg) — Alibaba Group Holding Ltd. led an advance in US-listed Chinese stocks in premarket trading, with Ant Group Co.’s approved fundraising plan boosting optimism that China’s regulatory...
General Electric, Salesforce, Alibaba and more
Cincinnati – Circa September 2021: General Electric Global Operations Center. jetcityimage | iStock Editorial | Getty Images Check out the companies making headlines in premarket trading. Genera...
Jack Ma’s Ant Group Gets Regulatory Nod For $1.5 Billion Capital Increase Plan
Jack Ma, co-founder of e-commerce giant Alibaba and fintech giant Ant Group. (Photo by Chesnot/Getty Images) Getty Images Chinese billionaire Jack Ma’s Ant Group won regulatory approval to boost the r...
Markets Look Forward As Beijing & Guangzhou Are Past COVID Peak
China Last Night KraneShares Key News Asian equities were largely higher to start 2023 except for Japan, which took another day off today. Both Hong Kong and China opened lower with the Hang Seng down...