Alibaba Stock News

Some big-name Chinese stocks are facing the prospect of getting booted from the New York Stock Exchange and Nasdaq if they refuse to let U.S. regulators see their financial audits. A revived effort by the U.S. Securities and Exchange Commission to gain access to audits of overseas companies that began under former President Donald Trump is continuing under President Joe Biden. Alibaba Group Holding Ltd. and Baidu Inc. are among 200-plus companies in the regulator’s crosshairs, and although the p

The Chinese e-commerce giant just posted its first annual loss since 2018.

Regulatory, geopolitical, and health-economic factors have formed a painful trifecta for Chinese stocks, and Alibaba shares are getting battered again.

Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) and electric vehicle maker Nio Inc. (NYSE: NIO) are seeing high interest on Reddit’s r/WallStreetBets forum as of early Tuesday. What

Chinese e-commerce giant Alibaba Group Holding Ltd . (NYSE: BABA ) and electric vehicle maker Nio Inc. (NYSE: NIO ) are seeing high interest on Reddit’s r/WallStreetBets forum as of early Tuesday. What Happened : Alibaba is seeing the third-highest interest on the forum with 205 mentions, while Nio is the tenth-most discussed stock with 56 mentions, data from Quiver Quantitative showed. Alibaba is also the top trending ticker on Stocktwits , while Nio is trending in the sixth spot. See Also: … Full story available on Benzinga.com

Investors need to remember where the path of the global economy was before the Russian invasion of Ukraine. They are staying bullish on stocks.

China's metaverse is on track to grow into more than a $50 billion market by 2025 but there’s also an increased prospect of the industry getting ensnared in the country’s regulatory dragnet.  Wha

China''s metaverse is on track to grow into more than a $50 billion market by 2025 but there’s also an increased prospect of the industry getting ensnared in the country’s regulatory dragnet. What Happened: The boom is defined by the successes of applications like Jelly and Honnverse, according to a report by Nikkei Asia. Honnverse allows people to purchase real estate on the Metaverse, while Jelly allows them to create 3D avatars and interact with friends. Some of the properties on Honnverse were flipped for more than $15,000, Nikkei reported, citing local Chinese media. Jelly, developed by Beijing-based news aggregator Yidian Shuyu , replaced Tencent Holdings Limited’s (OTC: TCEHY ) WeChat as the top-ranked free … Full story available on Benzinga.com

Shares of U.S.-listed Chinese tech companies extended losses in Hong Kong for a third straight session on Tuesday, hurt by fears of global repercussions if China was seen as supporting Russia over its

Just As All Hope Seemed Lost, China Reports Miraqculously Good Economic Data Going into Tuesday, all hope seemed lost in China. First , China reported a whopping 5,154 new covid cases (3,507 new local confirmed Covid cases and 1,647 asymptomatic cases) for Monday, well more than double from the day before, and confirming that the country''s covid troubles - which over the past 48 hours led to the lockdown of Shenzhen and other cities - are only getting worse. So worse, in fact, that questions have emerged: how did China not report more than 100 cases on any one day for two years, and then now - with the Ukraine war raging - Beijing is suddenly locking down key US supply chain arteries. For the past two years, China had at most 50-100 new daily covid cases. Now it''s 5000, and it is shutting down key supply chain arteries that feed the US economy. So bizarre — zerohedge (@zerohedge) March 15, 2022 Second , for the second day in a row, the PBOC fixed the yuan more than 100 pips weaker than expected, as the central bank telegraphs it will no longer tolerate a weak currency, relentless capital inflows be damned, as the country remembers that it is after all, an export-driven mercantilist which above all, needs a favorable exchange rate.

If there’s been one big winner from bristling India-China border tensions, it has been India’s army of app developers.In June 2020, two weeks after the worst fighting in half a century along their shared border, New Delhi took aim at leading Chinese tech firms including Tencent, Alibaba and Baidu, by banning 59 mobile apps. Alibaba owns the South China Morning Post.The ban was part of New Delhi’s economic retaliation for a clash that it blamed China for instigating – an accusation Beijing has…

Chinese tech stock rout deepened, slashing billions of dollars from the likes of Alibaba Group Holding and Tencent Holdings in Hong Kong, on heightened concerns about an industry crackdown, Covid-19 outbreaks, and China’s position on the Ukraine conflict.Losses spiralled after JPMorgan Chase downgraded 28 Chinese internet stocks including Alibaba, Tencent Holdings and Meituan to underweight, calling them “uninvestable” over the next six to 12 months due to rising geopolitical and macro risks,…

Recently red-hot energy prices got hosed down on Monday, but that gave only limited relief to equities, and only in a few select quarters. U.S. crude oil futures plunged 5.8% to $103.01 per barrel, heading lower early in the day as Ukraine and Russia conducted fresh peace talks. Further downward pressure came from COVID-related lockdowns in China''s Shenzhen and Jilin provinces, as well as reports indicating that the U.S. might ease sanctions on Venezuela to get more oil on the market. SEE MORE 10 Beaten-Down Tech Stocks to Buy for the Long Term The drawdown in oil prices, which helped to soothe mounting inflation worries, lifted the broader equity indexes in the morning. Tempering that optimism, however, was a rise in Treasury rates ahead of the Federal Reserve''s much-anticipated March 15-16 meeting to determine the direction of its benchmark rate. "Our view remains that Fed interest rate hikes will likely begin this week with a 25-basis-point (0.25%) increase and then three to four more rate hikes at subsequent meetings in 2022," say LPL Financial strategists Lawrence Gillum and Ryan Detrick. "However, if inflationary pressures remain stubbornly high and we start to see longer-term inflation expectations become unanchored, the Fed may be forced to move more aggressively than what is even already priced in." As if that weren''t worrisome enough, investors also must keep a wary eye on Europe, where several countries have detected a COVID variant dubbed "deltacron," that shares elements of both the delta and omicron strains.

It was a another terrible day for Chinese stocks, with not one but several headwinds battering these technology leaders.