Alibaba Stock News

The shares of the biggest Chinese online retailer Alibaba fell 11% on the Stock Exchange of Hong Kong

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Alibaba has warned of a consumer spend slowdown after shares in the ecommerce giant fell over 10 per cent after it slashed its sales forecasts sharply. The etailer cited sluggish The post Alibaba warns of consumer spend slowdown appeared first on Latest Retail Technology News From Across The Globe - Charged .

Hang Seng and Alibaba shares fell after unexpected earnings On Friday, Hong Kong shares declined, increasing losses from the prior session while several of Chinas biggest tech companies remained under pressure. The benchmark Hang Seng index sank 1.73% in afternoon trade, while the Hang Seng tech index fell 1.1%. Hong Kong-listed Alibaba shares fell more [] The post Hang Seng and Alibaba shares fell after unexpected earnings appeared first on FinanceBrokerage .

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.