Alibaba Stock News

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 []

Cephei Capital Management Hong Kong Ltd cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 43.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 23,370 shares of the specialty retailers stock after selling 18,200 shares during the period. Alibaba Group makes up approximately []

SoftBank Group Corp (OTC: SFTBY ) (OTC: SFTBF ) and Alibaba Group Holding Ltd (NYSE: BABA ) backed Indian fintech giant Paytm lost more than 27% on its trading debut, TechCrunch reports . The 11-year-old company has sold itself as India''s equivalent to Chinese financial groups like Alibaba-backed Ant, with businesses in everything from mobile payments, insurance, bank deposits and remittances, and fantasy sports to gold trading, Financial Times reports . However, domestic institutions, … Full story available on Benzinga.com

Oil prices hit their lowest level in the last 6-weeks, as reports confirmed that China would join the U.S. in increasing oil output. It has been said

India''s Biggest Ever Initial Public Offering Crashes 27% On IPO Day Just like the rest of global equity markets, 2021 has been a monumental year for Indian stocks and it culminated overnight with the nation''s biggest ever IPO, when One97 Communications Ltd, the entity that operates Indian digital payments platform Paytm, went public at a price of 2,150 rupees per share, the top of a marketed range. The digital payments company raised 183 billion rupees ($2.5 billion), India''s largest ever IPO when measured in local currency, surpassing Coal India''s in 2010. That IPO was worth 155 billion rupees ($3.48 billion), according to data from Refinitiv Alas, the party then quickly died when PayTM shares opened below the 2,150 rupees ($28.60) issue price, before closing down a whopping 27% at 1,564 rupees ($21). According to some analysts, the post-break flop reflects fears about Paytm''s business: the company, which is now worth almost $14 billion, lost hundreds of millions of dollars last year and seems far from ready to turn a profit.

Un gruppo di hacker ha recentemente violato i server di Alibaba Elastic Computing Service per poter diffondere del malware cryptominer. The post Alibaba: server dirottati per installare malware appeared first on Punto Informatico .