The Chinese internet company has abandoned plans to spin off its logistics arm Cainiao, dealing a blow to Hong Kong's beleaguered initial public offering market.
Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit.
Months after calling off a planned spinoff of its cloud-computing unit, Alibaba Group Holding Ltd. said its logistics unit will forego initial-public-offering plans as well.
HANGZHOU, China--(BUSINESS WIRE)--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) announced that its logistics sub
In the latest trading session, Alibaba (BABA) closed at $71.46, marking a -0.93% move from the previous day.

This is Michael Burry's biggest loser of 2024

06:45am, Monday, 25'th Mar 2024
Much has been said about some of Michael Burry's recent relatively questionable stock market decisions such as the bet on the Chinese technology and e-commerce giant, Alibaba (NASDAQ: BABA), or his be
Amazon (NASDAQ: AMZN ) remains the undisputed king of e-commerce. Alphabet's (NASDAQ: GOOG ,NASDAQ: GOOGL ) continues to dominate the search advertising market.

Alibaba: The AI Bet Has Potential

12:08am, Sunday, 24'th Mar 2024
Alibaba's stock price trends have been weak in recent months owing to underwhelming financial updates, particularly for its big e-commerce segment. However, the company's focus on AI to drive growth h
The financial landscape is a dynamic arena with opportunities for the astute investor keen on solving its complexities. Within this broad spectrum of investment choices, entities exist that shine as i
Originally made famous by correctly predicting the 2008 crash and executing what has become known as “The Big Short,” the prominent investor Michael Burry has remained active in the stock market i

Is Pinduoduo Stock a Better Buy Than Alibaba?

09:30am, Wednesday, 20'th Mar 2024
Last quarter's results were much better than expected.
The famous investor Michael Burry has been known for his knack for seeing what most can't in the stock market ever since he pulled off “The Big Short” by predicting the 2008 financial crisis.
As many people who have swiped right can tell you, it's one thing to view a profile online, quite another to spend time with someone In Real Life. So, last week over 30 major buyers and distributors f
Alibaba (BABA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The latest filing detailing the stock holdings of the famous investor who predicted the 2008 crash – Michael Burry of “The Big Short” fame – published in mid-February covering the final trimes
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