Alibaba

The U.S.-traded shares of XPeng Inc. (NYSE: XPEV) experienced a notable decline on Friday, following Alibaba Group Holding Limited's (NYSE: BABA) announcement to reduce its stake in the Chinese electric vehicle (EV) manufacturer.  Alibaba's decision comes as it...

Major U.S. indices were in the green on Wednesday with the Dow Jones rising 1.4% to 37,090.24, the S&P 500 gaining 1.37% to 4,707.09 and the tech-heavy Nasdaq appreciating 1.38% to 14,733.96. On the same day, Federal Reserve Chair Jerome Powell signaled a peak in interest rates and foresaw cuts...

The recent frenzy surrounding the stock options of PDD Holdings (NASDAQ:PDD) has raised eyebrows among market observers. The latest developments suggest that a considerable portion of investors are betting on a bearish market sentiment. What Happened: Whales, or wealthy investors, have shown a...

In a recent interview, Charlie Munger, the late vice chairman of Berkshire Hathaway (NYSE:BRK), shared his insights on the investment in Alibaba Group Holding Ltd (NYSE:BABA). Munger’s comments come as a significant highlight, considering his renowned investment philosophy and the performance...

Alibaba Group Holding Ltd.’s (NYSE:BABA) co-founder, Jack Ma, has urged the company to alter its course of operations, as per an internal memo. He also expressed admiration for the strategic decisions made by a rival company, PDD Holdings Inc (NASDAQ:PDD). What Happened: Ma, took a step back...

The recent decision by Alibaba Group Holding Limited (OTC:BABAF) to cancel the spinoff of its cloud business was met with mixed responses from investors. What Happened: As reported by CNBC, Morgan Stanley scratched Alibaba from its top pick in the internet sector, pointing to the unexpected cloud...

In the latest turn of events, Alibaba Group (OTC:BABAF) has put a halt to its plans to spin off its cloud segment, leading to a sharp drop in its market value by $20 billion. This development, triggered by the uncertainties surrounding U.S. export restrictions on AI chips,...

Major U.S. indices were mixed on Thursday with the Dow Jones declining 0.13% to 34,945.47, while the tech-heavy Nasdaq rose 0.07% to 14,113.67. The S&P 500 was also in the green and rose 0.12% to 4,508.24. Transitioning from the general market overview, it’s important to highlight...

Major U.S. indices ended in the green on Thursday with the Dow Jones ending the day 0.47% higher at 34,991.21 and the S&P 500 up 0.16% at 4,502.88. The tech-heavy Nasdaq ended Thursday’s session higher by 0.07% at 14,103.84. Amidst this backdrop, certain stocks stood out, capturing the...

U.S. stocks exhibited a mixed performance towards the market’s close Monday, with the Dow Jones Industrial Average edging up by approximately 50 points. The Dow’s rise by 0.16% to 34,337.33 contrasted with a slight decline in the NASDAQ Composite, which fell 0.22% to 13,767.74. The S...

Belgium’s primary intelligence agency has turned its focus to Alibaba Group Holding Ltd (NYSE:BABA) main European logistics hub. The increased surveillance follows rising concerns of potential espionage, with suspicions that China may be using its escalating economic influence in the West for...

Shanghai unveiled a comprehensive strategy to advance its blockchain technology capabilities through 2025. The city's initiative encompasses a range of areas, including blockchain system security, cryptographic techniques, smart contracts and more. The local government believes these...

U.S. stocks experienced a downward trend as trading neared its close, with the Dow Jones witnessing a decline of over 100 points on Tuesday. The Dow decreased by 0.31%, settling at 34,517.73, while the NASDAQ experienced a drop of 0.23%, closing at 13,678.19. Similarly, the S&P 500 also saw a...

Ant Group, an affiliate company of Alibaba (NYSE: BABA) and parent of Alipay, launched a new blockchain service, ZAN which will be targeting Hong Kong, Singapore, and overseas markets for expanding global Web3 presence. At a Shanghai conference, ZAN CEO, Zhang Hui, disclosed that the new...

Ant Group, an affiliate company of Alibaba Group Holding Ltd - ADR's (NYSE: BABA), announced the addition of four mobile wallets now accepted in the Philippines. The wallets are part of its global cross-border digital payments and marketing solution, Alipay+. The wallets include:...