Alibaba Stock News

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Ant Group, the fintech group affiliated with Alibaba Group Holding, has sold its entire stake in a Chinese tech news portal, according to a corporate filing with the US Securities and Exchange Commission, marking its latest restructuring amid a tougher regulatory environment.Ant invested in tech news platform 36Kr in 2015 and held a 15.1 per cent stake in the company, 36Kr’s filing shows. On Friday, shares of 36Kr closed at US$0.64, down over 90 per cent since it went public on Nasdaq in…

The divestment is the latest move in the fintech group’s efforts to streamline its investment portfolio amid tougher regualtions.

The stocks making the biggest moves in premarket trading include Alibaba, JD.com, Occidental Petroleum, Chevron, and more.

A selloff from last week extends into Monday amid Covid-19 lockdowns and new regulatory threats.

Shares of U.S.-listed Chinese tech companies tumbled in Hong Kong on Monday and dragged the benchmark Hang Seng Index sharply lower for a second straight day amid worries about a growing COVID-19 outbreak in China. Stock Movement (+/-) Xpeng Inc. (NYSE: XPEV ) -16.9% Li Auto Inc. (NASDAQ: LI ) -16.6% Baidu Inc. (NASDAQ: BIDU ) -14.9% JD.com Inc . (NASDAQ: JD ) -12.4% Nio Inc . (NYSE: NIO ) -12.3% Alibaba Group Holding Limited (NYSE: BABA ) -7.8% Tencent Holdings Limited (OTC: TCEHY ) -4.5% See Also: How To Buy Alibaba (BABA) Stock The Macro Factors: The Hang Seng Index opened sharply lower and … Full story available on Benzinga.com

Meanwhile In China, All Hell Is Breaking Loose With war raging across the world''s bread basket, risk of World War 3 the highest it has been since the Cuban missile crisis, commodities hitting new all time highs every single day, inflation (even the watered down CPI version) set to hit 10% in a few months, and the Fed rushing to hike rates so high it slams the US into a pre-scripted recession (as it somehow hopes to make a "soft landing" even as fed funds futures signal a hard landing and at least 50 bps of rate cuts after the burst of hiking is over later this year), it is easy to forget that China is still around. So here is a vivid remind that not only has nothing been fixed in the country that single-handedly pulled the world out of depression during the GFC, but that things are going from bad to much worse. 1. China on brink of biggest Covid-19 crisis since Wuhan as cases surge China is scrambling to address its most severe Covid-19 outbreak in two years, reporting soaring cases in a fresh wave that has seen the country tweak its zero-Covid policy by allowing rapid antigen tests for public use.

The SEC just reminded China investors their stocks may soon be delisted.

For companies like Alibaba, a U.S. listing can provide benefits that aren’t available in the exchanges closer to home. Learn more about the Alibaba IPO.

Shares of multiple Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE:

The headaches for investors in U.S.-listed Chinese stocks could just be starting as the Securities and Exchange Commission identified the first batch of Chinese companies at risk of delisting.

NEW YORK , March 11, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for OXY, DOCU, NVDA, GE, and BABA. … Full story available on Benzinga.com