Alibaba Stock News

Chinese stocks are trading significantly lower Monday amid a COVID-19 outbreak in China''s manufacturing hub, developments between China and Russia in relation to war and regulatory scrutiny of Tencent Holdings Ltd (Pink: TCEHY ). Despite the muddy waters clouding the Chinese markets, O''Shares ETFs chairman Kevin O''Leary is taking advantage of the flash sale and buying shares of Tencent, Alibaba Group Holding Ltd (NYSE: BABA ) and Meituan (Pink: MPNGF ). "Anytime you get an analyst calling multibillion dollar market cap stocks growing in an economy that''s larger than ours … ''uninvestable,'' that''s a buy signal," O''Leary said Monday on CNBC. What Happened: JPMorgan analyst Alex Yao downgraded Alibaba from an Overweight rating to an Underweight rating and lowered the price target from $180 to $65. "We believe Alibaba, as one ... Full story available on Benzinga.com

JPMorgan analyst Alex Yao double downgraded Alibaba Group Holding Ltd (NYSE: BABA ) to Underweight from Overweight with a price target of $65, down from $180 (21% downside). Due to rising geopolitical and macro risks, many global investors fled the China internet sector, leading to significant fund outflows. The trend was likely to continue it being the most owned stock. The pressurized core business also jeopardized its near to mid-term business outlook, with rising inflation and "weakening consumption confidence thanks to China''s COVID resurgence . JPMorgan believed China''s sector-wide selloff … Full story available on Benzinga.com

J.P. Morgan "double-downgrades" pretty much every China stock.

These are the stocks posting the largest moves in midday trading.

Regulatory pressure, the Russia-Ukraine crisis, and the new Covid lockdown in China have caused a massive fall in US-listed Chinese firms'' stocks. Alibaba''s stocks have plunged by 9%, while several other Chinese giants have also fallen.

Alibaba, JD.com, and Tencent Tumble. Why Chinese Stocks Are Under Pressure. Barron''s

Monday afternoon''s top analyst upgrades and downgrades included big names like Alibaba, Bilibili, Dada, Pinduoduo, Tyson Foods and more. JPMorgan targeted Chinese companies in a series of sweeping downgrades.

Alibaba and JD.com have slumped in recent days and are well off the highs. Here''s how to trade them from here.

Chinese stocks, including Alibaba, JD.com and Baidu, were hit by a triple whammy of regulation fears, a Covid-19 resurgence and the Ukraine war.

Shares of several Chinese stocks including Alibaba Group Holding … Full story available on Benzinga.com

Chinese Internet companies started the week off on a sour note, with big losses coming from Baidu, Alibaba and others following a slate of stock-ratings cuts from analysts at J.P. Morgan.

Alibaba stock (BABA) is down close to 5% in Monday''s premarket to $82.50. This relates to the ecommerce giant''s shares dropping 10.9% in Hong Kong on

Tencent Shares Plunge On Report Of Possible Money-Laundering Violations Chinese technology giant Tencent Holdings Ltd. has mainly been unscathed in Beijing''s sweeping crackdown on big technology companies that began in late 2020 -- until just recently. According to Wall Street Journal , the People''s Bank of China is preparing to slap a potential record fine on Tencent''s WeChat Pay mobile network for violating anti-money laundering regulations. Financial regulators found that WeChat Pay had lapses in compliance with "know your customer" and "know your business" regulations. They also discovered the mobile payments network had evidence of money laundering. An investigation into money laundering would be a new chapter in Beijing''s tech crackdown, a move that has already decimated hundreds of billions of dollars in market cap from ride-hailing and e-commerce to online education companies. Until now, WeChat has been untouched by regulators who have gone after competitors such as Alibaba Group Holding Ltd. and Meituan.

Futures Fade As Yields Soar, Oil Slides And China Stocks Crater US equity futures held on to modest gains overnight as the market desperately clung on to hope that the latest ceasefire talks between Russia and Ukraine which started on Monday, may yield results (clearly forgetting how the rug was pulled from under the market on Friday in an identical setup), which initially sent stocks higher especially in Europe, despite a surge in 10Y TSY yields to 2.10%, the highest since July 2019, two days ahead of the first Fed rate hike, and a complete collapse in Chinese stocks. And while U.S. index futures were still pointing to a positive open with negotiations between Russia and Ukraine set to continue, this gain is fading fast, with spoos now up just 0.5% after rising 1% earlier… ... as headlines from the Kremlin suggested that a ceasefire is the last thing on Putin''s mind. *KREMLIN: RUSSIA WILL REALIZE ALL ITS PLANS IN UKRAINE OPERATION *KREMLIN: UKRAINE OPERATION WILL BE COMPLETED ON SCHEDULE *KREMLIN: RUSSIA DIDN''T REQUEST CHINA MILITARY AID FOR OPERATION *KREMLIN: RUSSIA HAS RESOURCES NEEDED TO COMPLETE UKRAINE ACTION And while futures would normally be deep in the red by now, and will be shortly now that AAPL is at LOD...