Alibaba Stock News

Ant Group, the financial technology giant that Alibaba (BABA) owns a roughly one-third stake in, has been linked to a corruption scandal by Chinese state media, the Financial

The Hong Kong-based Blue Pool Capital, which manages part of the wealth of Alibaba executive vice chairman Joe Tsai, shelled out a stratospheric $188 million for Daniel Och''s penthouse at 220 Central Park South.

Aptorum (APM) +21% receives FDA orphan drug designation for its SACT-1 repurposed drug for The treatment of neuroblastoma.DatChat (DATS) +22% enters into letter of intent to acquire

Alibaba (BABA) shares have risen 5.9% in Thursday''s premarket to $131.50 after the Chinese government decided to cut interest rates for the second tim

Futures Recover From Wednesday Rout As Yields, VIX Stabilize Whereas the stock plunge on Tuesday could be blamed on surging rates, the repeat tumble on Wednesday took place as Treasury yields dropped sharply, so with markets at a loss how to read rate signals, so far this morning S&P e-mini futures have rebounded by 23 points ot 0.5% from yesterday''s low just above 4,500 - a key support level according to JPMorgan - as volatility eased and global bond yields appear to have stabilize for now, and hours after China''s latest easing measure when Beijing lowered mortgage lending benchmark rates on Thursday as monetary authorities step up efforts to prop up the slowing economy. 10Y Treasuries rose from session lows, last trading at 1.84%, European stocks fluctuated as the dollar index was little changed and crude oil slipped after a three-day rally as gold held around a two-month high. China''s cut to the one-year and five-year loan prime rates (LPR) which lowered the one-year LPR by 10 basis points to 3.70% from 3.80% - the second consecutive monthly cut - and the five-year LPR by 5 basis points to 4.60% from 4.65%, its first cut since April 2020. ... followed surprise cuts by China''s central bank on Monday to its short- and medium-term lending rates, and came days after the central bank''s vice governor flagged more moves ahead.

Shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Thursday, lifting the benchmark Hang Seng Index to its highest level in almost two months. Whats Moving : Shares of Alibaba Group Holding Limited (NYSE: BABA ), Baidu Inc. (NASDAQ: BIDU ), JD.Com Inc. (NASDAQ: JD ) and Tencent Holdings Inc . (OTC: TCEHY ) advanced in a range of 4% to 5%. Electric vehicle maker Xpeng Inc.s (NYSE: XPEV ) shares fell almost 1%, while peer Li Auto Inc. (NASDAQ: LI ) traded flat. TikTok-owner ByteDance has dissolved its investment arm as part of its restructuring, Full story available on Benzinga.com

China''s tech giants Alibaba, Tencent, Baidu and Meituan have all started investing heavily into chip development.

China''s cyberspace regulator has drafted new guidelines mandating the country''s internet behemoths obtain its approval before undertaking any investments or fundraisings, Reuters reports . China''s internet giants include Alibaba Group Holding Ltd (NYSE: BABA ), Baidu Inc (NASDAQ: BIDU ), Tencent Holdings Ltd (OTC: TCEHY ) and JD.com Inc (NASDAQ: JD ). Related Content: Full story available on Benzinga.com

The People Who Played "Call Of Duty" In Real Life Are Getting Worried By Michael Every of Rabobank Call of Duty; Duty of Care I didnt want to focus on Russia-Ukraine again today. However, when Bloomberg thinks Microsoft buying Activision , makers of the wartime video game Call of Duty, is more important rather than the risks of actual war, I have to. That editorial choice perfectly summarizes why one shouldnt look to financial media for a forward view of the fat tail risks that can truly move markets most. It also epitomizes a generation for whom if things arent on their screens, they arent happening or didnt happen, and that thinks wars are games and movies; and an ESG-obsessed Wall Street that actually doesnt care about things like that if they arent the ones on the end of it. Anyway, the US has reportedly taken its financial nuclear weapon of taking Russia off of SWIFT off of the table , just as its actual nuclear weapons were removed as a threat recently at the UN - after it also indicated it, and NATO, wont fight for Ukraine conventionally either.