Markets

Alibaba slides 9% as regulatory pressure overshadows Singles Day blowout

Alibaba’s blowout Singles Day sales wasn’t enough to stem investor concerns of increased regulatory pressure as shares slid as much as 9% on Tuesday. The company’s extended Singles Day sales event registered more than $US56 billion in sales in its first 10 days and 30 minutes of the event, according […]
Alibaba slides 9% as regulatory pressure overshadows Singles Day blowout
Markets

Alibaba jumps after seeing a big boost from the cloud

Alibaba beat on earnings, but missed on sales. The company’s core commerce increased 40% year-over-year and its cloud computing increased a whopping 84% YoY. Watch Alibaba trade live. Alibaba, China’s biggest e-commerce site, was up more than 3% early Tuesday after posting better-than-expected profits for the third quarter. But, quarterly […]
Alibaba jumps after seeing a big boost from the cloud
Markets

Alibaba slides ahead of its Singles Day shopping event

Alibaba will hold its Singles Day shopping event on Sunday. November 11 was originally a Chinese holiday for singles, and Alibaba has turned it into the world’s largest online shopping festival. Alibaba recently reported quarterly results that missed on revenues.The company also slashed its sales guidance in the wake of […]
Alibaba slides ahead of its Singles Day shopping event
Markets

Alibaba is reaping the rewards of skyrocketing online sales in China

Shares of Alibaba are up more than 3% Thursday thanks to strong sales data from the Chinese government. The company is also seeking to move its stock listing to China from the NYSE, the Wall Street Journal reported Thursday. E-commerce is skyrocketing in China, the country’s National Bureau of Statistics […]
Alibaba is reaping the rewards of skyrocketing online sales in China
Markets

Alibaba wants to dominate food delivery in China

There’s speculation that Alibaba is looking to buy out the remaining stake of Ele.me, its food delivery unit. Ele.me already accounts for 50% of the online food delivery market in China, while its other competitor Meituan maintains roughly the other half in market share. Watch Alibaba’s stock price move in […]
Alibaba wants to dominate food delivery in China
Markets

A handful of tech stocks have absolutely crushed FANG this year

Tech stocks have generally outperformed the broader stock market this year, but some tech companies have done better than others. Tencent and Alibaba, both Chinese companies, are among the best performers, while Jack Dorsey’s Square more than doubled in the past year. Tech stocks have been particular standouts this year, […]
A handful of tech stocks have absolutely crushed FANG this year