Alibaba Stock News

Chinese e-commerce giant #Alibaba Group tumbles more than 5% in Hong Kong to hit a new record low of HK$116. Hat Tip via Twitter: @YUAN TALKS Our Twitter for Quick Updates: Twitter Follow Us

Meru.com, a Mexico City-based platform that connects manufacturers to the supply chain, has raised $15 million in Series A funding. As TechCrunch reported Thursday (Dec. 2), the company says it plans to use the funds to become a one-stop shop for its small business clients, eventually growing to become the Alibaba of Latin America. We []

Chinas crackdown on technology companies that offer payment services had the unintended side effect of opening the lines of communication between competitors like Alibaba and Tencent, CNBC reported on Thursday (Dec. 2). As mobile pay became the primary payment method in mainland China over the past 10 years, Tencents WeChat Pay and Alibabas Alipay, run []

Futures Rebound Fizzles On Slowing iPhone Demand, Omicron Fears U.S. index futures regained some ground alongside Asian markets while European stocks slumped to session lows in a delayed response to yesterday''s late Omicron-driven US selloff, as markets remained volatile following the biggest two-day plunge in more than a year, spurred by concern about the omicron coronavirus variant and Federal Reserve tightening. Investors await data for unemployment claims, as well as earnings from companies including Dollar General and Kroger. Tech is the weakest sector, dropping in sympathy after Apple warned its suppliers of slowing iPhone demand. Nasdaq futures pared earlier gains of up to 0.8% to trade down 0.1% while S&P futures are only 0.2% higher after rising as much as 0.9%. While the knee-jerk reaction of stock investors may continue to be to take profits before the end of the year, there is plenty of liquidity available to drive stock prices higher as dip-buyers enter the market , Ed Yardeni wrote in a note.

Exchange Traded Concepts LLC grew its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 322.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,240 shares of the specialty retailers stock after acquiring an additional 10,107 shares during the period. Exchange Traded Concepts LLCs holdings in Alibaba Group were worth $1,960,000 at the end []

Alibaba shares are cheapest ever as crackdown wipes $526bn. #Alibaba trades at PE multiple of 18.7. Thats lowest since its 2014 debut, and the widest discount to Nasdaq 100 avg multiple on record. ADRs slumped 4% on Wed to level not seen since May2017. h/t Holger Zschaepitz Our Twitter for Quick Updates: Twitter Follow Us

Alibaba Groups US-listed shares have never been this cheap and yet investors keep selling

Goodwin Daniel L increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,081 shares of the specialty retailers stock after purchasing an additional 1,000 shares during the quarter. Alibaba Group makes []

NEW YORK , Dec. 1, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMBA, XOM, AMD, NIO, and BABA. Full story available on Benzinga.com

AdvisorNet Financial Inc cut its stake in Alibaba Group Holding Limited (NYSE:BABA) by 42.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,337 shares of the specialty retailers stock after selling 8,291 shares during the quarter. AdvisorNet Financial Incs holdings in Alibaba []

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China Denies Bloomberg''s Report Of Closing Loophole Used By Alibaba, Tencent For Foreign IPOs Future Chinese IPOs in the U.S. could be coming to an end , as early as this month, as Beijing seeks to crack down on variable interest entities, a loophole used by technology companies to raise billions of dollars in capital from overseas investors, according to Bloomberg , citing multiple undisclosed sources. For two decades, Chinese companies have used variable interest entities (VIE) to exploit a loophole and set up a legal business structure in which an investor has a controlling interest despite not having a majority of voting rights. This allowed them to raise money from overseas investors and list it on foreign exchanges. We noted in early September that Beijing would soon close the loophole. The prospect of banning VIEs is part of a yearlong campaign to curb the power and address data security concerns of China''s internet sector. Beijing has called the rise of big tech a "reckless" expansion of private capital.

Hong Kong stocks rebounded on Wednesday after falling to their lowest level in more than a year in the previous session, as bargain hunters bought the dips on tech and financial shares. The Hang Seng index rose 0.8% to 23,658.92, while the China Enterprises Index gained 0.7% to 8,426.24. ** The Hang Seng Tech Index rose 0.5%. Food delivery company Meituan rebounded from an almost eight-week low, rising 2.8%, and Tencent Holdings gained 2.1%. ** However, Alibaba Group extended losses and closed down 1.3%. The tech giant has lost more than 20% after it missed quarterly revenue expectations and forecast a slow growth. ** Financials climbed 1% after three consecutive sessions of declines. ** Energy shares jumped 2.7%, with Chinese coal miners leading the gains, buoyed by supply concerns as coal imports from Mongolia were disrupted by the recent outbreak of the Omicron coronavirus variant. ** Hong Kong-listed gambling stocks tumbled for a third straight day, weighed down by the arrests of 11 people in Macau over alleged links to cross-border gambling and money laundering.

Alibaba Group Holding Limited (NYSE:BABA)s share price reached a new 52-week low during trading on Monday . The stock traded as low as $130.68 and last traded at $130.72, with a volume of 174286 shares. The stock had previously closed at $133.35. Several equities research analysts have recently commented on BABA shares. Susquehanna cut their []