Alibaba Stock News

NYSE:BABA kicked off the Lunar New Year holidays in China with a glowing effort on the US markets. Shares of AliBaba soared by 9.16% and closed the tr

Chinese internet stocks are rising higher on Monday as Mizuho Securities analyst James Lee weighs in on the companies today.

Oakmark Funds, an investment management firm, published its “Oakmark Global Select Fund” fourth quarter 2021 investor letter – a copy of which can be seen here. A return of 2.3% was reported by…

US Futures Start The Week With More Wild Swing In Another Volatile, Illiquid Session After a rollercoaster week that ended just barely higher following a late meltup on Friday, overnight volatile US stock futures swung to start the week, with Nasdaq 100 futures leading gains after rallying on Friday, before turning red and threatening to fizzle a global equity rally amid persistent worries over the Federal Reserve’s plan to hike interest rates this year. Emini S&P futures were down 0.5% or 21 points to 4401, after rising as high as 4437 and dropping as low as 4395 in another extremely illiquid session where China being offline for the week due to Lunar New Year did not help; Nasdaq futures were down 0.1% while Dow futures were lower 0.7%. Technology stocks led gains on the Stoxx Europe 600. Meanwhile, the dollar fell and oil rallied. As investors reconcile to a hawkish U.S. central bank coupled with strong earnings, the expensive parts of the U.S. stock market are undergoing a valuation re-rating along with the bond markets.

In todays China, behemoths like Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are out of favor, but

Shares of U.S.-listed Chinese tech companies with the exception of Alibaba Group Full story available on Benzinga.com

CCP Expels 1st Official For Being Too Rich & Corrupt As Xi Pushes "Common Prosperity" Crackdown President Xi''s "Common Prosperity" crackdown has finally ensnared a CCP official who allegedly participated in the "disorderly expansion of capital" by taking bribes, abusing his official power, and other violations of his "official duties" - violations that happen to be not just common, but absolutely essential to the Chinese economy, where connections to the government often leads to economic power. After cracking down on the country''s biggest tech firms, abolishing the private tutoring industry, limiting minors to just a few hours of video games a week and launching an incipient corruption campaign, many Chinese are still wondering how President Xi''s "Common Prosperity" drive will affect them. The President has taken pains to reassure them that money seized from "monopolists" and other economic abusers will be repurposed for the public good, particularly in China''s underdeveloped rural areas.

Shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Wednesday, lifting the benchmark Hang Seng Index into positive territory. Why Is It Moving? The Hang Seng Index was up 0.2% at the time of writing — rising after two straight days of losses — amid optimism about further policy easing by Beijing. Oil-related stocks such as PetroChina Co. Ltd. (NYSE: PTR ) and CNOOC Limited advanced almost 2% each after crude oil prices rose amid worries about Russia-Ukraine tensions. Nevertheless, investors remained cautious as they looked ahead to the conclusion of the Federal Reserve’s highly anticipated monetary policy meeting later today. While the Fed is likely … Full story available on Benzinga.com

Hong Kong stocks fell by the most in two weeks as tech companies slumped further with global peers while property developers weakened on concerns a slowdown will worsen a liquidity crisis in the industry.The Hang Seng Index retreated 1.7 per cent to 24,238.51 at 10.31am local time while the citys Tech Index dropped 2.2 per cent for a third day of decline. Chinas Shanghai Composite Index declined 0.4 per cent.More than 50 of the 64 Hang Seng Index members suffered losses. Alibaba, the owner of

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Alibaba (BABA), Bilibili (BILI), Tencent Holdings (TCEHY) and every other notable Chinese Internet stock fell into the red, Monday, in what was largely a case of guilt by association as

It was only last week that beaten down Chinese stocks were rallying on a stimulus announcement and news of the government cutting interest rates. This