Alibaba Stock News

Longleaf Partners Fund, a Memphis-based fund under Southeastern Asset Management, published its “Longleaf Partners International Fund” fourth quarter 2021 investor letter – a copy of which can …

Harding Loevner, an investment management firm, published its “Emerging Markets Equity Fund” fourth-quarter 2021 investor letter – a copy of which can be downloaded here.

Chinese social media firm Tencent Holdings Ltd (OTC: TCEHY ) looks to reduce transaction fees for small and medium-sized merchants using its WeChat payments system by 10%, Reuters reports . The reductions will apply beginning September 1, 2021, and extend to September … Full story available on Benzinga.com

IM Motors, a joint venture backed by Alibaba Group and SAIC Motor, has now begun the mass production of its first electric vehicles and will put them on sale later this month.

Perfect Corporation, a Taiwanese augmented reality (AR) software services provider focusing on beauty and cosmetic brands, has signed an agreement to merge with Nasdaq-listed blank-cheque company Provident Acquisition Corporation in a deal that values it at US$1.02 billion.The start-up, which counts Alibaba Group Holding and Goldman Sachs Asset Management as early investors, will raise up to US$335 million through the merger with the special purpose acquisition company (SPAC), according to a…

InvestorPlace - Stock Market News, Stock Advice & Trading Tips With Beijing obviously continuing to target Alibaba and the company''s cloud unit still in the red, the outlook of BABA stock is very poor. The post Why Alibaba Probably Hasn’t Bottomed Yet appeared first on InvestorPlace . More From InvestorPlace Get in Now on Tiny $3 ‘Forever Battery’ Stock It doesn’t matter if you have $500 in savings or $5 million. Do this now. Stock Prodigy Who Found NIO at $2… Says Buy THIS Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”

Alibaba DAMO Academy launches AI remote sensing platform Alibaba DAMO Academy today launches an AI remote sensing platform – AI ​​Earth. Built on Alibaba Cloud, the platform integrates petabyte-level open sourced satellite remote sensing data, over 10 AI remote sensing algorithms, cloud-based high-performance computing and storage resources to help researchers make agricultural disaster analysis, climate […] China Tech Digest: Alibaba DAMO Academy Launches AI Remote Sensing Platform; Huawei Tries To Advance Beyond Shannon’s Limit comes from China Money Network : Primary Data for China''s Primary Markets! All Rights Reserved.

BEIJING , March 3, 2022 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB and HKEX: 9898), a leading social media in China , today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021 . "We closed 2021 on a solid note with decent growth of the fourth quarter, with strong execution of our growth strategies," said Gaofei Wang, CEO of Weibo. "In 2021, we have achieved solid growth of user community and engagement, leveraging Weibo''s unique advantage and competitiveness in the social media sector. On monetization, we surpassed the $2 billion mark in revenues for 2021 and further enhanced our operation efficiency, demonstrating strong recovery momentum and resilience of our business. Heading into 2022, we are dedicated to serving a broader community through enhancement of product functionalities and enrichment of content ecosystem, and driving value for customers to market efficiently and innovatively on our platform." Fourth Quarter 2021 Highlights Net revenues were $616.3 million , an increase of 20% year-over-year or an increase of 16% year-over-year on a constant currency basis [1] .

Russia’s invasion of the Ukraine is already having ramifications for the current world order and will resonate far beyond the region. Apart from the geopolitical im…

Shares of U.S.-listed Chinese tech companies traded mixed in Hong Kong on Wednesday, even as the benchmark Hang Seng Index opened lower. Stock Movement (+/-) Baidu Inc. (NASDAQ: BIDU ) +7.0% Alibaba Group Holding Limited (NYSE: BABA ) +1.4% JD.com Inc . (NASDAQ: JD ) +0.8% Xpeng Inc. (NYSE: XPEV ) -4.7% Tencent Holdings Limited (OTC: TCEHY ) -0.3% Li Auto Inc. (NASDAQ: LI ) -0.2% See Also: How To Buy Alibaba (BABA) Stock The Macro Factors: The Hang Seng Index opened lower and … Full story available on Benzinga.com

Chinese food delivery firm Meituan (OTC: MPNGY ) looks to lower commissions for merchants on its platform, Reuters reports . Other major food delivery platforms in China include Alibaba Group Holding Ltd (NYSE: BABA )-owned Ele.me. Meituan currently charges ~12% in commissions for its food delivery business, a unit accounting … Full story available on Benzinga.com

The Chinese tech giant still faces tough near-term challenges.

Major players in the market are Airbus SE, DJI Technology Co. Ltd, Flirtey, EHANG, Zipline, Uber Technologies Inc. , United Parcel Service of America Inc. , Alibaba Group Holding Ltd, Deutsche Post AG, Skycart, FedEx Corporation, Amazon, Wing Aviation LLC, Skycatch, Inc, JD. Major players in the market are Airbus SE, DJI Technology Co. Ltd, Flirtey, EHANG, Zipline, Uber Technologies Inc. , United Parcel Service of America Inc. , Alibaba Group Holding Ltd, Deutsche Post AG, Skycart, FedEx Corporation, Amazon, Wing Aviation LLC, Skycatch, Inc, JD.