Tag: Alibaba

September 22, 2023

AstraZeneca — Shares of the British pharmaceutical company gained more than 2.7% in premarket trading after the company reported positive results for its drug Dato-DXd in a trial for treating a common type of breast cancer. Wayfair — Shares gained […]

September 13, 2021

US-listed shares of Alibaba and other Chinese technology companies fell Monday after the Financial Times reported the Chinese government wants to break up Alipay, the financial services superapp from Ant Group, marking Beijing’s latest move to overhaul the fintech heavyweight […]

April 15, 2021

The chief executive of Germany’s Daimler believes the automaker will face stiff opposition from tech giants like Google, Apple and Alibaba if they decide to launch their own electric vehicles. While the tech giants are yet to start selling their […]

December 28, 2020

Alibaba (BABA) – Get Report had its price target cut by Baird analyst Colin Sebastian to $285 from $325 as China’s government investigates the internet titan on anti-trust grounds. The analyst maintained his outperform rating on the stock. Alibaba’s American […]

October 19, 2020

Chinese e-commerce giant Alibaba is doubling down on brick-and-mortar. On Monday, Alibaba announced that it had doubled its stake in the Chinese retailer Sun Art to 72%, taking control of one of China’s largest big-box chains that sells groceries and […]

September 3, 2020

No one would have believed this even three months ago, but this may turn out to be the biggest year for IPOs since Alibaba went public in 2014. Already, 111 companies have raised $37.8 billion, according to Renaissance Capital. In […]

February 21, 2020

Supply lines have been disrupted, consumption has dropped, and demand for services has diminished. As containment measures taken against the spread of Covid-19 in China weigh on the global economy, international business is beginning to quantify the economic blow the […]

December 4, 2019

The world is moving towards cashless payment, and Asia is leading the charge with companies like Alibaba, Tencent, and Grab, and fast-growing mobile payment usage rates across the region. In China, more than 600 million people already use mobile payments, […]

November 11, 2019

(BEIJING) — Chinese e-commerce giants Alibaba and JD.com reported a total of more than $50 billion in sales on Monday in the first half of Singles Day, an annual marketing event that is the world’s busiest online shopping day. Singles […]

August 23, 2018

Alibaba reported strong first-quarter revenue growth on Thursday morning as its core e-commerce and fast-growing cloud-computing segments provided a boost. The Chinese e-ecommerce giant said revenue soared 61% year-over-year to 80.9 billion yuan, or about $11.8 billion, edging out the […]

June 15, 2016

SoftBank Group said on Wednesday it expects to book profit of 200 billion yen to 250 billion yen ($1.9 billion to $2.4 billion) this financial year from the sale of shares in Alibaba Group Holding. The Japanese telecommunications company earlier […]

December 10, 2015

There were two large business events that defined a new cycle in the market on Wednesday, and Jim Cramer said it all comes down to squandered opportunities versus created opportunities. “I’m talking about Yahoo’s decision to stand pat and not […]

November 19, 2015

Activist investor Starboard Value LP asked Yahoo Inc to drop plans to sell its stake in Alibaba Group Holdings Ltd due to tax concerns, and instead urged the company to sell its core search and display advertising businesses. Yahoo’s current […]