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The Latest Breaking News from Alibaba

Chinese billionaire Jack Ma living in Tokyo after China's crackdown against firms: Report

BEIJING: Chinese billionaire and e-commerce giant Alibaba founder Jack Ma who ran into trouble with the Chinese government over violating anti-monopoly regulations and kept a low profile since 2020 is now living in Tokyo for about six months, according to a media report on Tuesday.

The Times of India

NBPA VP Jaylen Brown takes aim at Joe Tsai over Kyrie Irving ban: ‘It’s time for a larger conversation’

Jaylen Brown, National Basketball Players Association Vice President and Boston Celtics All-Star, says “it’s time for a larger conversation” now that star Nets guard Kyrie Irving continues to miss games beyond his minimum five-game suspension.

Tribune News Service

Alibaba Up Over 2%, Nio Down 3%: Hong Kong Stocks Mixed As Varying Voices From Fed Cool Rally Down

Hong Kong stocks traded mixed on Tuesday morning, with the benchmark Hang Seng Index trading 1.87% higher, while some electric-vehicle stocks took a hit. Different voices from the U.S.

Benzinga

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SoftBank Can't Catch A Break: Fund Invested $100M In FTX

Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses.

Benzinga

Alibaba Climbs As Hang Seng Kicks Off Another Bullish Week: What's Going On?

Alibaba Group Holdings Inc (NYSE: BABA) was trading higher premarket Monday after gaining 1.43% higher in Friday's session as the stock continues to trend in a rising channel pattern that Benzinga

Benzinga

Facebook Stalls Portal & Smartwatch Projects, Visa Breaks Debit Card Tie Up With FTX, $3B Bitcoin Withdrawn From Crypto Exchanges: Top Stories Monday, Nov. 14

Reuters

Benzinga

Alibaba mum on Singles Day sales

SHANGHAI: Alibaba Group has declined to reveal the final sales tally of its annual Singles Day shopping festival for the first time since it started the event in 2009, saying only that results were in line with last year.

Bangkok Post

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Japan's SoftBank returns to profit as investments rebound

Japanese technology investor SoftBank Group has reported a 3 trillion yen, or $21 billion, profit for the July-September quarter, a sharp reversal from its loss a year ago

The Independent UK

Singles Day 2022: What is the celebration and where did it come from?

It’s the biggest shopping day in the world

The Independent UK

China's Singles Day Shopping Spree Enters Final Stretch

China's Singles Day shopping bonanza entered its final stretch Friday, with all eyes on whether sales can top a record one trillion yuan ($140 billion) despite the country's struggling economy. Conceived by technology giant Alibaba, the informal holiday's title riffs on a tongue-in-cheek celebration of singlehood inspired by the four…

Asharq Al-Awsat

China's muted Singles' Day shopping fest expects slow growth

China's biggest online shopping festival, Singles' Day, is muted this year with sales numbers expected to grow slowly amid an uncertain economy and COVID-19

The Independent UK

Alibaba Jumps 7%, Nio Surges 13%: Hang Seng Breaches 17,000-mark For 1st Time Since Mid-October

Hong Kong stocks rose on Friday, with the benchmark Hang Seng opening over 5% higher, as softer-than-expected inflation in the U.S. sparked optimism among investors and traders that price rises may have peaked out.

Benzinga

Alibaba Down 3%, Nio Plunges 9%: Hang Seng Opens In Red As All Eyes Turn to US Inflation Data Release

Hong Kong stocks opened weaker on Thursday, with the benchmark Hang Seng losing 1.84%, as investors eyed Thursday’s inflation data from the U.S.

Benzinga

Alibaba, Nio Fall: Hong Kong Stocks Weaken As China COVID-19 Cases Rise, US Midterm Results Eyed

Hong Kong stocks opened in the red on Wednesday, with the benchmark Hang Seng losing over 1%, as investors and traders await the results of the U.S.

Benzinga

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Benzinga

US Sanctions Make It Crucial For President Xi Jinping To Bring Back Jack Ma: Bloomberg Opinion

China's tech moguls have been walking on eggshells, Bloomberg reported. Alibaba Group Holding Limited&n

Benzinga

Alibaba And Other Chinese Chip Designers Ease Processor Speed To Bypass US Sanctions

Alibaba Group Holding Limited (NYSE: BABA) and start-up Biren Technology tweaked their most advanced chip designs to reduce processing speeds and bypass U.S.-imposed sanctions, the Financial Times

Bangkok Post

Top influencers on China's version of TikTok are twin brothers with over 100m followers

Twin brothers who star in their own video skits about daily life have become the most popular influencers on Douyin, the Chinese version of TikTok, amassing more than 100 million followers in four years.

Benzinga

Alibaba Climbs As Hang Seng Bounces In Relief: Here's What's Going On

Alibaba Group Holdings Inc (NYSE: BABA) gapped up over 9% Friday but immediately ran into a group of sellers who knocked the stock down to almost completely fill the empty range.

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Benzinga

Musk Reportedly Suspends Twitter Work On Crypto Wallet, Boeing's Jeppesen Hit By Potential Ransomware Attack, Lyft Cuts Workforce: Top Stories Friday, Nov. 04

Reuters

Benzinga

Alibaba, Nio Stocks Surge: Hang Seng Rises Over 3% As Tech, EV Rally Outweighs COVID-19 Worries

Hong Kong shares traded in the green on Friday with the benchmark Hang Seng opening 3.36% higher. Investors and traders seem to have shrugged off a rise in COVID-19 cases in China which hit their highest since August.

Benzinga

Alibaba, Nio Fall Over 5%: Hang Seng Opens Weaker As Fed Stays Hawkish, China Asserts COVID-Zero Policy

Hong Kong shares opened in the red on Thursday, with the benchmark Hang Seng falling over 0.9% in morning trade, after the Federal Reserve’s anticipation of a higher bar for interest rates to rein in inflation

Benzinga

Alibaba, Nio Stocks Fall As Hong Kong Investors Turn Cautious Ahead Of Fed Meet

Hong Kong stocks opened lower on Wednesday morning as all eyes turned toward the Federal Reserve’s policy announcement later in the day. The benchmark Hang Seng fell 0.8% and Xpeng shares fell over 8%, while Nio shares lost over 6%. Alibaba shares lost over 2%.

Bangkok Post

China's economy rotting from the head

China highlights a long-debated question about economic development: Can a top-down autocracy outperform liberal market economies in terms of innovation and growth?

Benzinga

Former Retail Star Gome Hobbled by Declining Revenue, Heavy Debt

Key Takeaways: Gome’s revenues are falling sharply despite gains for its online business, as tumbling sales at its brick-and-mortar stores lead to layoffs and closures

Benzinga

Alibaba Falls Over 3%, Nio Plunges 6%: Hang Seng Opens Weaker As China COVID Curbs, Earnings Season Fray Nerves

Hong Kong shares opened in the red on Friday, with the benchmark Hang Seng falling 1.5%, as mixed earnings prompted traders and investors to pare positions before the end of the week.

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