#ALIBABA News
What's Going On With Alibaba Shares After Launching Logistics Solutions For US SMEs?
benzinga.com The development will provide U.S. small and medium-sized enterprises (SMEs) access to affordable and customizable logistics services to streamline their supply chains and…
Got $1,000? These 3 Artificial Intelligence (AI) Stocks Are Still a Bargain
finance.yahoo.com Investors have moved heavily into artificial intelligence (AI) stocks over the last 18 months. The release of a vastly improved version of OpenAI's ChatGPT in November 2022…
Global IT spending forecast to reach $5.06 trillion this year
theregister.com Gartner expects global IT spending to grow 8 percent in 2024 to $5.06 trillion in a revised forecast from the 6.8 percent uptick which the analyst predicted in January.…
China plays up cross-border e-commerce at forum as exports rise
scmp.com A personalised news feed of stories that matter to you Get more with my NEWS China plays up Alibaba, Shein’s role in promoting cross-border e-commerce at ‘digital silk road’…
'I was always so proud of it': Charlie Munger had a ready answer when he was asked to name the investment he liked most
aol.com To say Charlie Munger lived a long, full and rich life is putting it mildly — and literally. The Berkshire Hathaway sidekick of billionaire Warren Buffett died in November…
Baidu Says AI Chatbot ‘Ernie’ Has 200m Users A Day
asiafinancial.com Chinese tech giant Baidu said on Tuesday the number of people using its artificial intelligence chatbot “Ernie Bot” has doubled to more than 200 million. ‘Ernie Bot’ is…
Sell This Call Spread In Alibaba, Earn $75 Now
investors.com broke back below the 50-day moving average on Friday and continues to show deterioration in relative strength. Therefore, traders looking for a bearish option trade could…
Alibaba Cloud telemetry tool slashed troubleshooting team
theregister.com Exclusive Alibaba Cloud has detailed the telemetry tool it uses to look out for glitches in customers' virtual networks, and revealed it’s reduced the number of personnel…
Baidu says its ChatGPT-like Ernie bot exceeds 200 million users
cnbc.com SHENZHEN — Baidu CEO Robin Li said Tuesday the company's ChatGPT-like Ernie bot has exceeded 200 million users. He added the company would hold another round of its AI…
7 Stable Stocks for 50% Returns by Early 2025
investorplace.com These 7 stable stocks also offer 50% returns according to analysts Investors who seek 50% returns in less than 12 months generally will have many choices within stable…
The Fall of China’s Tech Giant: How Alibaba’s Woes Expose the Perils of Xi’s Crackdown
investorplace.com Back in the last decade, I told anyone who would listen about the great news of Alibaba stock (NASDAQ: ). I even bought some shares. Alibaba was one of China’s three “Cloud…
Salesforce reporteldy in talks to acquire Informatica
theregister.com Reports in Bloomberg and The Wall Street Journal claim talks are advanced. The Register has often observed such news appearing over the weekend before a Monday (US time)…
BlueVPS web hosting goes down in Australia
theregister.com Asia In Brief The Australian operations of Estonian cloud and web hosting outfit BlueVPS have been struck by a multi-day outage that commenced on or about April 9 and is…
How Xi Jinping plans to overtake America
economist.com Last year Xi Jinping, China’s president, paid a visit to Heilongjiang in the country’s north-east. This province, part of the industrial rustbelt, exemplifies the problems…
Why Alibaba, JD.com, and PDD Holdings Stocks Were Sliding Today
finance.yahoo.com Chinese stocks fell again today as negative economic news weighed on the sector. This time, China's exports fell more than expected in March, hammering hopes for a recovery…
Coupang Stock (NYSE:CPNG): Should You Ride This Rocket Higher?
finance.yahoo.com Maybe you’ve seen the trending stock tickers today and noticed that Coupang (NYSE:CPNG) stock was on a rocket ride higher. There’s nothing wrong with momentum, but investors…
Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul
scmp.com The Sun Art deal was just part of the price Alibaba has paid for its ambitious expansion since its secondary listing in Hong Kong in 2019. Since then, the Hangzhou-based…
From rags to riches, Rent the Runway goes from penny stock to quadrupling share prices in days after doubling down on AI
aol.com After several rocky quarters of navigating pandemic-era fallout, fashion e-commerce platform Rent the Runway is flying high, thanks to its restructuring efforts—and its…
Underestimated Giants: 7 Stocks Set to Take Wall Street by Storm
investorplace.com Discover the value-growth possibility of these blue-chip stocks If you’re on the hunt for overlooked stocks to buy, look no further. Below is a carefully chosen list of…
What's Going On With Alibaba Stock Wednesday?
finance.yahoo.com Alibaba Group Holding Limited (NYSE:BABA), under the guidance of Jack Ma, is undergoing a significant restructuring to rejuvenate the company. Ma expressed his support on an…
Jack Ma sends longest memo to Alibaba employees in 5 years
businessinsider.com Jack Ma has some words of encouragement for Alibaba Group employees. • In a roughly page-long memo, he addressed the company's shortcomings, Reuters reported. • The…
Jack Ma Is Giving Alibaba (BABA) Stock a Big Boost
investorplace.com BABA stock is up on comments from Jack Ma Alibaba (NYSE:BABA) stock is getting a boost on Wednesday from comments made by cofounder Jack Ma. Ma doesn’t typically make much…
Sources: ByteDance's EBITDA rose ~60% YoY in 2023 to $40B+ and its sales rose from $80B to nearly $120B, passing Tencent's revenue and profit for the first time
straitstimes.com ByteDance’s profit surged roughly 60 per cent in 2023, outpacing the growth of online peers Tencent and Alibaba Group, in a sign of the TikTok owner’s resilience in the face…
Alibaba shares jump after founder Jack Ma reemerges with praise of Chinese giant's 'transformations'
cnbc.com Jack Ma, founder of Alibaba, reappeared in the public view in China for the first time in months. Alibaba then announced a huge reorganization of its business. Experts see…
Alibaba shares jump after founder Jack Ma says the company is successfully fixing the ‘diseases of a big company’
aol.com Alibaba founder Jack Ma is giving his e-commerce company and its executives some much-needed praise. Just over a year ago, the Chinese tech giant announced an ambitious…
Jack Ma Cheers Alibaba’s Latest Overhaul Plan in Rare Memo
finance.yahoo.com Jack Ma took to an internal Alibaba forum to voice his support for a company undergoing a turbulent restructuring, emerging from seclusion for the second time in months to…
Alibaba co-founder Jack Ma steps out from the shadows with morale-boosting post
theglobeandmail.com Alibaba co-founder Jack Ma has penned a lengthy memo to employees that expresses support for the internet giant’s restructuring efforts, a rare move from the billionaire…
Alibaba shares jump after founder Jack Ma says the company is successfully fixing the 'diseases of a big company'
fortune.com Alibaba founder Jack Ma is giving his e-commerce company and its executives some much-needed praise. Just over a year ago, the Chinese tech giant announced an ambitious…
Futures tread higher ahead of latest inflation test
finance.yahoo.com Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City (Reuters) - U.S. stock index futures edged higher on Wednesday in the lead up to a…
China added 1 unicorn per week last year despite slumping global investments thanks partly to AI frenzy, report says
scmp.com This was the sixth instalment of Hurun’s annual unicorn report. The institute, founded by former accountant Rupert Hoogewerf, is best known for its annual “rich list” ,…
Note of Support from Founder Jack Ma Lifts Alibaba Shares 5%
asiafinancial.com A note of support from Alibaba co-founder Jack Ma helped lift the e-commerce giant’s shares by 5% on Wednesday. The long memo to employees, on an internal company forum,…
Alibaba's Jack Ma steps out from the shadows with morale-boosting post
investing.com Alibaba co-founder Jack Ma has penned a lengthy memo to employees that expresses support for the internet giant's restructuring efforts, a rare move from the billionaire…
ByteDance profit surges 60% to US$40 billion, outpacing Tencent on TikTok fame
scmp.com The results mark the first time that ByteDance has overtaken arch-rival Tencent both in revenue and profit as it leveraged its popular short-video platforms to expand into…
Jack Ma Praises Alibaba's Leadership, Restructuring
wsj.com The Alibaba co-founder praised the company’s leadership and the ongoing restructuring in a memo to employees, a rare move for the billionaire since stepping away from the…
ByteDance Profit Jumps 60%, Taking It Past Archrival Tencent
finance.yahoo.com ByteDance Ltd.’s profit surged roughly 60% in 2023, outpacing the growth of online peers Tencent Holdings Ltd. and Alibaba Group Holding Ltd. in a sign of the TikTok owner’s…
Is Jack Ma Coming Back? Alibaba Founder's Rare Memo To Employees Sparks Curiosity
benzinga.com Alibaba Group Holding Ltd. BABA co-founder Jack Ma has reportedly resurfaced with a comprehensive internal memo, stirring speculation about his future role in the company.…
Asian stocks skittish with US inflation on tap; Alibaba boosts Hong Kong
investing.com Investing.com-- Most Asian stocks moved in a flat-to-low range on Wednesday as investors hunkered down ahead of key U.S. inflation data due later in the day, while Hong…
Jack Ma steps into ‘mistakes’ brouhaha to boost Alibaba’s morale, urges staff to embrace change and prepare for AI to upend e-commerce
scmp.com “We have fallen behind because we forgot who our real customers are,” Tsai said in the podcast. “Our customers are the users who use our apps [for] shopping, and we did not…
7 Mega-Cap Stocks Poised to Double Your Money in 3 Years
investorplace.com These mega-cap stocks have the potential to double in the coming years Mega-cap stocks are solid investments overall for several reasons. Recently, they’ve been responsible…
Hong Kong taxis to join modern world as digital payment platform wins approval from Transport Department
scmp.com The system will allow Hongkongers to use 18 different local and international payment options to settle taxi fares, either by scanning a QR code to pay via their mobile…
Alibaba Offers Deep Cloud Discounts Amid AI Boom
pymnts.com Chinese conglomerate Alibaba is reportedly offering steep price cuts to its cloud customers. These markdowns — as high as 59% and aimed at customers from the U.S. to…
Wall Street Favorites: 3 Chinese Stocks With Strong Buy Ratings for April 2024
investorplace.com Three Chinese stocks to buy with incredible financials and growth China is home to one of the biggest economies in the world, and after lifting its long, strict COVID…
This Fast-Growing Company Just Repurchased $4.8 Billion in Shares -- Its Second-Biggest Quarterly Buyback Ever. Should Investors Jump on the Stock?
finance.yahoo.com Alibaba (NYSE: BABA) announced on April 2 that it made $4.8 billion in share repurchases in the first quarter of 2024, the second-largest quarterly share buyback in its…
Alibaba Cloud slashes prices outside China
theregister.com Alibaba Cloud is cutting prices for international users of its core compute, storage, and database services, using offers similar to those it dangled before Chinese…
Alibaba Cloud cuts prices for international customers amid global AI race
scmp.com A personalised news feed of stories that matter to you Get more with my NEWS Alibaba Cloud cuts prices again, this time for international customers as AI generates surging…
Forget Nvidia: 3 Prominent Billionaire Investors Are Selling It and Buying These 6 Value Stocks Instead
finance.yahoo.com Over the last three decades, Wall Street has enjoyed no shortage of next-big-thing investment trends. Following the advent of the internet, a number of game-changing…
Alibaba Slashes Cloud Prices Globally as AI Demand Quickens
finance.yahoo.com Alibaba Group Holding Ltd. is cutting prices for cloud customers from the US to Singapore by as much as 59%, mirroring deep discounts at home as the once high-flying…
Where Will Alibaba Stock Be in 5 Years?
finance.yahoo.com One of the most disappointing international stocks over the past five years undoubtedly has been Chinese e-commerce, logistics, and technology infrastructure company Alibaba…
Chinese firms lag behind US peers in AI development ‘by two years’, Alibaba chairman Joe Tsai says
scmp.com Tsai pointed out that China’s tech companies are “possibly two years behind” the top AI firms in the US. He said US export restrictions that bar Chinese companies’ access to…
Why Li Auto, VinFast, and XPeng Plunged in March
finance.yahoo.com Shares of Chinese electric vehicle (EV) stocks Li Auto (NASDAQ: LI) and XPeng (NYSE: XPEV), as well as Vietnamese EV maker VinFast (NASDAQ: VFS), plunged in March, down 34%,…
How India is challenging China as Asia's tech powerhouse
cnbc.com For years, China has been Asia's technology powerhouse. It is home to what once were some of the world's most valuable companies, from Tencent to Alibaba . It is where most…
Is Alibaba Stock Worth Buying at a 30% Discount?
investorplace.com The Chinese e-commerce site hit a wall in its growth as competition gets fierce China’s e-commerce giant Alibaba (NYSE: ) is down 30% over the last 12 months and has lost…