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Alibaba Dumps $317M Worth Of XPeng Stock: Cash Grab Or EV Exit Looming?
Thursday, March 21, 2024 - 4:48am | 443Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE:BABA) has reportedly sold a significant portion of its stake in EV manufacturer XPeng Inc. (NASDAQ:XPEV), raking in $317 million. What Happened: The sale involved approximately 33 million U.S.-traded shares of XPeng, Bloomberg reported,...
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Michael Burry Doubles Stake in Jack Ma's Alibaba, More Than Triples Bet On Its Chinese Rival
Tuesday, May 16, 2023 - 1:16am | 538"The Big Short" investor Michael Burry has boosted his fund's exposure to Chinese e-commerce stocks during the first quarter of 2023 while scooping up regional U.S. lender stocks during the banking sector turmoil, according to the latest 13 F filing posted on the SEC website. According to the...
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The 3 E-Commerce Stocks That Are Often Overlooked
Thursday, January 7, 2021 - 12:46pm | 970The pandemic has caused the e-commerce stocks last year to skyrocket to unprecedented heights. Shopify Inc (NYSE: SHOP) and Etsy Inc (NASDAQ: ETSY) profited from the trend, with Amazon.com, Inc. (NASDAQ: AMZN) taking the throne. But, their stocks could rise even higher this year as online retail is...
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Alibaba Tries To Take Over Amazon In Europe
Wednesday, January 8, 2020 - 2:40am | 316Alibaba Group Holdings Ltd. (NYSE: BABA) is offering lucrative deals to local sellers in Europe in a bid to take over rival Amazon.com Inc. (NASDAQ: AMZN) as the most prominent e-commerce platform in the continent, Reuters reported on Wednesday. What Happened The Chinese e-commerce giant is...
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Alibaba's Ant Financial, Gaming Company Razer Apply For Singapore Digital Banking License
Thursday, January 2, 2020 - 7:12am | 408Alibaba Group Holding Ltd (NYSE: BABA) fintech subsidiary Ant Financial and gaming company Razer Inc (OTC: RAZFF) have joined the race to get Singapore's digital banking license. Ant Financial Seeks Wholesale License Ant Financial has applied for a wholesale bank license with the...
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#PreMarket Primer: Wednesday, November 5: Democrats Lose Control Of The US Senate
Wednesday, November 5, 2014 - 8:45am | 1248On Tuesday, the Democratic Party lost control of the Senate as U.S. voters expressed disappointment in the presidential administration’s progress this term. The new Congress is set to take power in January and will mark the first time that the Republican Party will control both the House...
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#PreMarket Primer: Tuesday, November 4: Europe's Recovery Delayed, Forecasts Trimmed
Tuesday, November 4, 2014 - 8:45am | 1326On Tuesday, the European Commission trimmed its growth forecasts for the eurozone, saying that geopolitical tension and falling investment in the region were weighing on the bloc’s recovery. The commission said it is expecting the eurozone’s economy to grow just 0.8 percent in 2014...
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A Wrap Up Of Alibaba Group Holding Ltd's First Day
Saturday, September 20, 2014 - 2:47pm | 262Alibaba Group Holding Ltd (NYSE: BABA) opened for trading Friday while the world watched. Everyone wanted to know how the largest U.S.-listed IPO would fare on its first day of trading. A record-setting $22 billion was raised when Alibaba’s 320 million American Depository Shares priced at...
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Alibaba Group Holding Ltd Founder Jack Ma: When You See These Shareholders, It's A Responsibility
Friday, September 19, 2014 - 12:13pm | 242Alibaba Group Holding Ltd (NYSE: BABA) founder Jack Ma is worth at least $21.9 billion, according to Bloomberg. As his company took center stage on Wall Street Friday, Ma spoke with CNBC at the New York Stock Exchange, and commented on shareholders and his vision for the future. Related Link...
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Alibaba Group Holding Ltd IPO Live Coverage
Friday, September 19, 2014 - 11:32am | 341UPDATE at 4:10 p.m. EDT: Alibaba Shares Close at $93.89 on First Day of Trading UPDATE at 2:26 p.m. EDT: Alibaba Group Holding Ltd's Jack Ma 'Interested' In Amazon.com, Inc. Joint Venture UPDATE at 1:19 p.m. EDT: Shares of Alibaba Holding Very Tight to $90 Level Right Now, Bouncing Back and Forth...
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Alibaba Group's Jack Ma Appears On CNBC, Talks IPO And Passion For Small Businesses
Friday, September 19, 2014 - 10:53am | 187In conjunction with the anticipated Alibaba Group Holding Ltd (NYSE: BABA) IPO, Executive Chairman Jack Ma appeared on CNBC to discuss the company, along with his vision for the future. According to CNBC, Alibaba will raise $15 billion or more. When asked what the company will do with the money...
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A Technical Look At Yahoo! Inc. Ahead Of Alibaba's IPO
Thursday, September 18, 2014 - 1:46pm | 723The anticipated IPO of Alibaba Group Holding Ltd (NYSE: BABA) will take place on Friday, September 19. After years of deliberation, the Chinese Internet retailer will finally be trading on the U.S. exchanges. The timing of the IPO could not be better, as the market is trading at all-time highs...
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Survey Sees No Quick Upside For Alibaba Group Holding Ltd.
Tuesday, September 16, 2014 - 3:41pm | 245Alibaba Group Holding Ltd. shares are unlikely to significantly gain in value during the first month of trading, according to an investor opinion survey released Tuesday. Alibaba is expected to price its offering Thursday at up to $68 per share. The issue will launch Friday on the New York...
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Alibaba Boosts Prospective IPO Price Range To $66 To $68 Per Share
Monday, September 15, 2014 - 5:03pm | 214Alibaba Group Holding Ltd. (NYSE: BABA) boosted the price range of its pending initial public offering to $66 to $68, from its previous target of $60 to $66 per share. News of the higher price range came Monday in an amended filing with the Securities and Exchange Commission. The company...
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Yahoo! Inc. Gains On Report Alibaba Group Will Boost IPO Price Range
Monday, September 15, 2014 - 10:05am | 197Yahoo! Inc. (NASDAQ: YHOO) gained slightly as the market opened Monday on news Alibaba Group Holdings plans to boost the top end of its IPO price range by six percent because of strong demand. Yahoo holds a 22 percent stake in Alibaba and expects to sell 140 million shares in Alibaba's...