Alibaba Stock News

Chinese internet and e-commerce giant Alibaba Group on Thursday announced its financial results for the fiscal quarter ended September 30, 2021. The post Alibaba Group Announces September Quarter Results appeared first on Pandaily .

Chinese e-commerce giant Alibaba Group Holding Ltd slashed its forecast for annual revenue growth on increased competition and a regulatory crackdown, sending its stock tumbling 11%. Alibaba now expects revenue for the year ending in March to rise between 20% and 23%, the slowest pace since its 2014 stock market debut and down from a May [] The post Alibaba Slashes Sales Outlook As Competition Bites, Demand Slows appeared first on InsideBusiness - Business News in Nigeria .

The tech giant forecast its annual revenue would grow at the slowest pace since its 2014 market debut.

Poor performance from Alibaba has renewed concerns about China''s economic growth, helping push Asian shares down in morning trade.

HONG KONG (Reuters) Asian shares fell on Friday as disappointing earnings from Chinese e-commerce giant Alibaba heightened worries about Beijings broad regulatory crackdown and slowing growth in the worlds second-biggest economy. That saw the region lag a solid Wall Street performance overnight, with MSCIs broadest index of Asia-Pacific shares outside Japan off 0.44% and Read More

Asian shares down as Alibaba''s slide reignites China worries

Asian shares fell on Friday as disappointing earnings from Chinese e-commerce giant Alibaba heightened worries about Beijing''s broad regulatory crackdown and slowing growth in the world''s second-biggest economy. That saw the region lag a solid Wall Street performance overnight, with MSCI''s broadest index of Asia-Pacific shares outside Japan off 0.44% and set for a weekly decline of 1.2%.

Alibaba Group Holding Ltd. slashed its outlook for fiscal 2022 revenue after intensifying competition and dwindling consumer spending depressed growth at Chinas top e-commerce firm.

Paytm''s IPO comprised a fresh issue of equity shares worth Rs 8,300 crore, and an OFS (offer for sale) by existing shareholders such as Ant Financial, Alibaba, Elevation Capital, Saif Partners, and Founder Vijay Shekhar Sharma worth Rs 10,000 crore.

Alibaba is set to invest $6.27 million in Dazhong Transportation''s ride-hailing subsidiary Letzgo.

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Its been over half a year since the crackdowns began in China and pressure from the top-down government is still being enforced. Most projects operating from within China are finding ways to skirt regulations by focusing on the technological aspect, but few are in a very enviable position. Among other issues, finding talented individuals to hire will certainly become more difficult as conservative-minded local citizens will have concerns about safety and the sustainability of the industry. At home with new policies Some projects, like VeChain, are using the opportunity to focus on their blockchain-as-a-service technology and are well positioned to continue operations. Blockchain has always been viewed as an important technology for China, especially when used for things like food safety and other socially-responsible applications.

Alibaba on Thursday missed revenue and earnings expectations for the September quarter, as slowing economic growth in China weighed on results.

Alibaba is forecasting slower growth as consumption in China remains down. In fact, the eCommerce company expects its annual revenue to rise more slowly than any time since its stock market debut in 2014, Reuters reported Thursday (Nov. 18). During an earnings call Thursday, Alibaba CEO Daniel Zhang also pointed to increasing competition as a []

Bitcoin, PayPal, Apple and Alibaba are our top stock trades for Friday. Let''s look at how the charts are setting up now.

Private Trust Co. NA cut its stake in Alibaba Group Holding Limited (NYSE:BABA) by 46.3% in the third quarter, Holdings Channel reports. The institutional investor owned 1,784 shares of the specialty retailers stock after selling 1,538 shares during the period. Private Trust Co. NAs holdings in Alibaba Group were worth $264,000 at the end of []