Tag: Alibaba Group Holding Ltd

  • Beijing seems to be easing its controls on giants like Alibaba

    Alibaba’s sweeping reorganization is seen as a sign that the Chinese government could relax its intense scrutiny of the domestic technology sector. Alibaba founder Jack Ma returned to public engagements, in another welcome sign for investors. China is targeting 5% growth this year, after two years of its economy battered by Beijing’s strict Covid policies […]

  • Stricter rules for banks after SVB collapse?

    Senator Tim Scott, RS.C., right, greets Michael Barr, off-camera, Vice Chairman for Oversight of the Board of Governors of the Federal Reserve System, at the Dirksen Building on Tuesday, March 28, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. […]

  • Hong Kong shares rise 2% as Alibaba lifts tech stocks; Asian markets tend to rise

    3 hours ago Alibaba’s overhaul could be followed by tech peers: KraneShares According to KraneShares CIO Brendan Ahern, Alibaba’s big shakeup could be followed by its Chinese tech peers. “I think investors are saying what we saw in Alibaba, really the leader in Chinese technology, that their plans can be used by others,” Ahern said, […]

  • Alibaba shares rise 15% in Hong Kong after major revision news

    Alibaba’s Hong Kong-listed shares rose during open day on Wednesday after the company announced a major overhaul to split the company into six business groups. The company said in its announcement that the move is intended to “unlock shareholder value”. Signage at the offices of Alibaba Group Holding Ltd. in Beijing, China, on Tuesday, January […]

  • MU, PARA, MKC and more

    Micron Technology headquarters in Boise, Idaho, March 28, 2021. Jeremy Ericson | Bloomberg | Getty Images Check out the companies making headlines in Tuesday afternoon trading. PagSeguro – Shares rose 5.3% after Citi upgraded Brazilian payments stocks to buy from neutral. The company called the company’s fourth-quarter earnings unsurprising, saying it is still in rough […]

  • Alibaba says it will split into 6 units that can raise funds and IPO

    Alibaba said Tuesday it will split its company into six corporate groups, each with the ability to raise outside financing and go public. It is the most important reorganization in the history of the Chinese e-commerce giant. Alibaba said in a statement that the move is “designed to unlock shareholder value and promote market competitiveness.” […]

  • Alibaba founder Jack Ma returns to China after months abroad

    Alibaba founder Jack Ma has been seen in public in China for the first time in months. The return of the billionaire could indicate that Beijing is softening its stance on the tech sector after an 18-month repression. Cost photo | Future publication | Getty Images Ali Baba founder Jack Ma has been spotted in […]

  • Tencent’s online advertising revenue grows for the first time since 2021

    Chinese tech giant Tencent reported better-than-expected quarterly revenue on Wednesday, aided by growth in advertising within its expanding “video accounts” business. Advertisements, however, still account for less than a fifth of Tencent’s total revenue — which barely grew in the fourth quarter and fell for all of 2022 as Covid controls put a brake on […]

  • Chinese online shoppers started the year cautiously, Alibaba says

    Online sales remained weak until early February this year, Daniel Zhang, CEO of Alibaba, said during a quarterly call. However, he said some categories started to see a recovery this month and companies want to work hard to recover from the losses of the past three years. Consumers in China are still living in an […]

  • Domino’s Pizza, Lucid, Nvidia, Nikola and more

    Check out the companies making headlines during midday trading. Nvidia — Chip inventory rose 12% after Nvidia beat expectations on top and bottom line in its most recent quarter. Wall Street analysts approved the results, saying AI opportunities will drive the chipmaker’s growth. Lucid Group – The electric vehicle maker plunged more than 18% after […]