Alibaba Stock News

(Bloomberg) -- Chinese technology stocks dropped for a third straight session amid fresh worries over Beijings regulatory plans for the sector.Most Read

Chinese technology stocks dropped for a third straight session amid fresh worries over Beijings regulatory plans for the sector.

Chinese technology stocks dropped for a third straight session amid fresh worries over Beijings regulatory plans for the sector.

Hong Kong stocks slumped by the most in three weeks on mounting concerns amid speculation Chinese technology companies are facing another round of regulatory restrictions. HSBC slid before its earnings report.The Hang Seng Index sank 2.5 per cent to 23,565.54 at 10.35am local time. The Tech Index retreated 2.4 per cent to a new record-low as losses over three days snowballed to almost 8 per cent.The Shanghai Composite Index dropped 1.2 per cent. Electric-car battery maker Contemporary Amperex

SoftBank seen trimming Alibaba stake to fill shortfall -analyst

The market is closed on Monday. Earnings reports from Home Depot, Alibaba, Booking, Stellantis, Coinbase, Moderna, Newmont, and more. Plus, PMIs and consumer confidence data.

Chinese Tech Stocks Suffer Biggest 2-Day Rout Since July Amid Fears Beijing Will Unleash More Crackdowns While not directly impacted by the sharp crisis escalation in Ukraine or fears of multiple rate hikes by the Fed, Chinese tech shares suffered their worst two-day drop since July following renewed fears Beijing may roll out more restrictions for private enterprise. Shares of China''s tech giant, Tencent, sank 5.2% on Monday, hammered by speculation about an unspecified, impending crackdown on Chinas largest social media and gaming firm that company spokesman Zhang Jun later denied. Traders pointed to everything from warnings from regulators over the weekend about scams in the metaverse to talk about yet more curbs on the gaming industry. Zhang said the online rumors were unfounded, without elaborating. Amid the rout, Tencents head of public relations Zhang Jun denied online speculation that its facing a major regulatory crackdown, issuing an unusually aggressive public response after fears of more tech-sector restrictions tanked markets on Monday.

Hong Kong stocks fell to a two-week low amid concerns new regulations will hurt the outlook for corporate earnings as companies including HSBC, Alibaba Group Holding and NetEase prepare to issue their report cards.The Hang Seng Index retreated 0.6 per cent to 24,175.46 at 10.45am local time. The Tech Index declined 1.4 per cent, while the Shanghai Composite Index lost 0.4 per cent.Alibaba tumbled 2.8 per cent while Tencent slipped 2.7 per cent. Bourse operator Hong Kong Exchanges & Clearing

Polen Capital, an investment management firm, published its Polen Global Growth fourth quarter 2021 investor letter a copy of which can be downloaded here.

Goldman Sachs started the new year by extolling the appeal of Chinese stocks, after the MSCI China Index lost 22 per cent in 2021. The US bank has since cut its target index returns for 2022, trimmed corporate earnings and lowered growth forecasts.In Hong Kong, analysts have also dialled back blue-chip earnings by as much as 15 per cent over the past eight months, according to Bloomberg data. The 19 per cent average growth from seven Hang Seng Index members so far has trailed consensus by 2.7

The market is closed on Monday. Earnings reports from Home Depot, Alibaba, Booking, Stellantis, Coinbase, Moderna, Newmont, and more. Plus, PMIs and consumer confidence data.

E-commerce sites operated by China''s Tencent and Alibaba Group were added to the US government''s latest "notorious markets" list, the US Trade Representative''s office said Thursday.

E-commerce sites operated by Tencent and Alibaba are targeted for trademark counterfeiting and piracy US regulators have added e-commerce sites operated by Chinese tech giants Tencent and Alibaba to the ''notorious markets'' list, the US Trade Representative''s office (USTR) said on Thursday. "This includes identifying for the first time AliExpress and the WeChat e-commerce ecosystem, two sign