Shares of Alibaba Group Holding Limited (NYSE: BABA) plunged -2.29% in the early trading hours Monday following the abrupt resignation of CEO Daniel Zhang as head of the China-based tech giant’s cloud computing division. The move comes as part of …
Alibaba Group Holding Limited (NYSE: BABA) shares, along with the IShares China Large-Cap ETF (FXI) and KraneShares Trust KraneShares CSI China Internet ETF (KWEB), are all up today, coinciding with the visit of U.S. Commerce Secretary Gina Raimondo to China. …
Alibaba Group Holding Limited (NYSE: BABA) Stock Surges Amid U.S.-China Trade Talks Read More »
Shares of Alibaba Group (NYSE: BABA) jumped 4.54% on Monday after the company announced that it would not sell any shares in financial technology company Ant Group’s buyback program. Alibaba, holding a significant one-third share in Ant Group, clarified that …
Shares of Alibaba Group Holding Limited (NYSE: BABA) experienced a significant boost in Hong Kong trading after news broke that China is set to announce a fine of over 8 billion yuan ($1.1 billion) on its fintech affiliate, Ant Group …
Alibaba Group (NYSE: BABA) Stock Soars as China Set to Free Ant Group with Fine Read More »
Alibaba Group Holding Limited (NYSE: BABA) shares experienced a 2% drop in pre-market trading on Tuesday following the announcement of a significant management reshuffle. The Chinese e-commerce giant aims to stimulate its growth amidst a slowing Chinese economy, despite the …
Alibaba Group (BABA) Shares Dip 2% Pre-Market Amidst Management Reshuffle Read More »
Alibaba Group Holding Limited (NYSE: BABA) witnessed a significant jump of 1.52% in pre-market trading on Thursday as the company announced its plans to expand its local business in Europe. The president of the e-commerce giant, J. Michael Evans, emphasized …
Alibaba Group (BABA) Sets Sights on European Markets, Stocks Rally 1.52% Read More »
On Thursday, the shares of Alibaba Group Holding Limited (NYSE: BABA) experienced a significant decline of 2.99%, closing at $78.78. The sudden drop is believed to be driven by mounting concerns over a potential resurgence of COVID-19 in China. Reports …
