Alibaba Cloud has trumpeted a series of collaborations with popular networks and organizations in recent times, however with its latest collaboration with Avalanche, it has finally stepped into the cr...
Tag: Alibaba
Guangzhou Traffic & Metro Usage Confirms New Government COVID Policies, Week In Review
China Last Night KraneShares Week in Review US and Hong Kong-listed internet stocks outperformed this week on reopening speculation and earnings. Pinduoduo and Bilibili reported better-than-expected Q...
Alibaba, PlatON, and HashKey to co-build Web3 developer platform
Alibaba Group’s digital technology and backbone, Alibaba Cloud, made an announcement to co-develop the technology and infrastructure platform for Web3 developers. In this venture, Alibaba Cloud is bac...
Markets Cheer As Vice Premier Confirms COVID Restriction Dial Back
China Last Night KraneShares Key News Asian equities cheered Powell’s dovish speech yesterday while Indonesia announced a trading tax which investors gave a Bronx cheer/the thumbs down on. Vice ...
Loss Widens At Alibaba-Backed EV Maker XPeng; Co-Founder Exits Board
An XPeng Inc. electric vehicle at the company’s flagship store in Beijing, China, on Monday, Sept. … [+] 19, 2022. Source: Bloomberg © 2022 Bloomberg Finance LP China EV maker XPeng conti...
Elusive Chinese Billionaire Jack Ma Living In Tokyo, Report Says
Topline Jack Ma, the billionaire cofounder of e-commerce giant Alibaba Group and one of China’s wealthiest people, is now living in Japan, the Financial Times reported Tuesday, a rare update on the bi...
NHC Announces Elderly Vaccination Push, Real Estate Receives Policy TLC
China Last Night KraneShares Key News Asian equities had a strong day led by Hong Kong which had a stronger rally overnight than US listed China ADRs yesterday. We should see another positive day in U...
Baidu & Kuaishou Earnings Highlight Cost Efficiency
Kuaishou Earnings Overview Kuaishou reported earnings that came in below analyst estimates, posting a third-quarter loss of RMB -3 billion. Some analysts have lowered their revenue and user growth est...
JD.Com Goes Aggressive On China’s Common Prosperity Drive After Alibaba, Tencent
JD.Com, Inc (NASDAQ: JD) slashed salaries for about 2,000 managers by 10% – 20% and diverted some of those savings toward a $1.4 billion employee benefits fund, aligning China’s No. 2 onli...
Alibaba Will Be Critical Beneficiary Of China’s Reopening and Economic Recovery, Analysts Say
Mizuho analyst James Lee maintained Alibaba Group Holding Ltd (NYSE: BABA) with a Buy and cut the price target from $160 to $155. The ongoing COVID restrictions and slow macro has extended the 2H22 GM...
Chinese Tech Giants Struggling [Infographic]
Stock market losses of U.S. tech companies have made headlines recently as the likes of Meta, AmazonAMZN or Alphabet wiped out billions in just a few days at the end of October. But the tech rout is n...
Alibaba Misses Q2 2023 Revenue Expectations with Slow Spending and Covid Restrictions
China experienced abnormal logistics and delivery services due to COVID-19 protocols which led to major drop in sales for Alibaba last quarter. On Thursday, November 17, Chinese e-commerce giant Aliba...
JD Beats, Hong Kong Tech Concludes Strong Week, Week In Review
China Last Night KraneShares Week in Review Asian equities were mixed this week while Hong Kong-listed internet and real estate stocks outperformed. President Biden met with President Xi on the sideli...
Alibaba says 15% of China delivery areas disrupted during Singles Day
Alibaba broke tradition by not releasing total sales for its Singles’ Day shopping festival this year. Pictured here are advertisements for the festival in a Shanghai subway station on Nov. 10, ...
Alibaba Shares Surge With Buyback, Signs of Covid Easing
(Bloomberg) — Alibaba Group Holding Ltd. shares rose after the Chinese e-commerce giant unveiled a new buyback plan and suggested Covid-19 restrictions are beginning to ease enough to benefit it...
PCAOB’s Finish Line, Dynamic Zero Reiterated, Alibaba & NetEase Report
China Last Night KraneShares Alibaba & NetEase Q3 Earnings Overview Alibaba (BABA US, 9998 HK) reported before the US market open this morning. Zero COVID policy continued to weigh on domestic con...
Alibaba Will Probably Post Modest Sales Growth
Key Takeaways Chinese e-commerce giant Alibaba is expected to post flat quarterly profit and modest sales growth when it reports results for its September quarter on Nov. 17. Analysts expect adjusted ...
Tencent’s Q3 Largely Beats While Gifting Meituan Shares To Shareholders
China Last Night KraneShares Key News Asian equity markets posted small losses except for India which managed a small gain. The Asia dollar posted a loss of -0.23% versus the US dollar breaking a four...
Alibaba set to report steady growth in third quarter, bolstering investor confidence after rough two years
E-commerce giant Alibaba Group Holding is expected to report steady revenue growth for the previous quarter, analysts said, possibly shoring up investor confidence after two years of being battered by...
Hong Kong Internet Stocks Gain On Biden Xi Meeting
China Last Night KraneShares Key News Asian equities had a good day as China and Hong Kong outperformed following President Biden and Xi’s positive get-together in Bali along with continued support fo...
Alibaba, Tencent, lead Hong Kong tech stocks higher after upbeat China online retail sales data
Shares of Chinese internet giants jumped in Hong Kong, after official data showed better-than-expected October retail sales in the world’s second-largest economy. Alibaba Group Holding Ltd. BABA, +0.7...
Alibaba Stock Primed for Rebound on Sales Recovery
(Bloomberg) — Investors are betting Alibaba Group Holding Ltd. may finally see its fortunes turn around after a rough 2022 plagued by a 40% slump in the shares and rare sell calls from Wall Stre...
Asia Earnings Week Ahead: Alibaba, Tencent, Japan’s Megabanks
(Bloomberg) — Asia’s key earnings may deliver a mixed bag this week, with Chinese retail giant Alibaba expected to widen its profit margin while Japan’s three biggest banks may be left nursing l...
Alibaba Singles’ Day Sales Kept a Secret for the First Time
(Bloomberg) — Alibaba Group Holding Ltd. decided not to disclose full sales results for its signature Singles’ Day shopping festival for the first time, after forecasts that the figure may suffe...
Markets Cheer Dynamic Zero COVID, Major City Mobility Tracker, Week In Review
China Last Night KraneShares Week in Review Auditors from the US Public Company Accounting Oversight Board (PCAOB) have left Hong Kong, which investors took as a positive sign that they had a successf...
State Council Balances Zero Covid & The Economy As Guangzhou Takes Center Stage
China Last Night KraneShares Key News Asian equities were a sea of red, as Singapore and Malaysia managed small gains. The onshore versus offshore dynamic played out again overnight as offshore China,...
Alibaba’s Jack Ma Stays At No. 5 On China’s 100 Richest 2022 Despite A Drop In Wealth
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Jack Ma Wang HE/Getty Images This story is part of Forbes’ coverage of China’s Richest 2022. See the full list he...
Hong Kong Rallies On Incremental Loosening Of Zero COVID
China Last Night Kraneshares Key News Asian equities had a nice start to the week as Hong Kong outperformed to the upside. Investors continue to read the tea leaves on China’s reopening as small, incr...
Alibaba Gets a Price Target Cut After Strong Earnings
Text size Benchmark analyst Fawne Jiang maintained her Buy rating on Alibaba despite cutting her price target. AFP via Getty Images Alibaba Group Holding stock popped on Thursday, prompting an analyst...