Alibaba Group

Chinese 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,...

"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...

The 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...

Alibaba 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...

Alibaba 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...

On 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...

On 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...

Alibaba 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...

Alibaba 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...

The 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...

Alibaba 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...