Alibaba's Cainiao eyes Hong Kong IPO for expansion
Cainiao, the logistics arm of Chinese e-commerce giant Alibaba (NYSE:BABA), is planning an initial public offering (IPO) in Hong Kong as part of its strategy for expansion and...
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U.S. stocks are falling on interest rate and government shutdown fears
Investing.com -- U.S. stocks were falling early Tuesday, adding to losses for the month as investors worried about interest rates staying higher for longer and about the potential effects of...
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Alibaba Logistics Arm Files HK IPO, First Among Spinoff Units - Bloomberg
Alibaba Logistics Arm Files HK IPO, First Among Spinoff Units - Bloomberg
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Alibaba unveils plan to list Cainiao logistics arm as part of sweeping overhaul
Investing.com -- Alibaba has announced that it plans to list its Cainiao logistics division on the Hong Kong Stock Exchange, signalling a major advancement in a massive shakeup of the...
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Alibaba's logistics arm, Cainiao, to file for Hong Kong IPO
Cainiao Network Technology Co, the logistics subsidiary of Alibaba (NYSE:BABA) Group Holding Ltd, is expected to file for its initial public offering (IPO) in Hong Kong as early as next...
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Evergrande's financial woes deepen, impacting global markets
The ongoing financial crisis of Evergrande Group, the major Chinese property developer, continues to raise concerns about the stability of the world's second-largest economy. The company's...
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Mixed global market performance amid economic reform anticipation in China
Global markets exhibited mixed results last Friday as investors closely watched potential economic reforms in China and anticipated fiscal stimulus from Beijing. The Hang Seng Index in Hong...
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Alibaba's shipping subsidiary Cainiao gears up for Hong Kong IPO, shares surge
Alibaba (NYSE:BABA) Group Holding Ltd. saw its shares surge by over 5% on Friday following the announcement of plans for an initial public offering (IPO) of its shipping subsidiary,...
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Alibaba's Cainiao Plans To File For $1 Billion+ HK IPO Soon - Bloomberg
(Updated - September 22, 2023 4:43 AM EDT) Alibaba 's (NYSE:BABA) Cainiao Plans To File For $1 Billion+ HK IPO Soon - BloombergThe logistics arm of Alibaba Group Holding Ltd., is...
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SoftBank enters new phase with successful Arm Holdings IPO
Japanese multinational conglomerate SoftBank (TYO:9984) Group has embarked on a new chapter in its history following the successful stock offering of Arm Holdings (NASDAQ:ARM) last week....
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Starbucks says former CEO Schultz to leave board; adds director
Investing.com -- Starbucks Corporation (NASDAQ:SBUX) said chairman emeritus Howard Schultz would step down from its board effective today as part of a planned transition. Shares were down 1%...
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Alibaba's new CEO Wu promotes AI to top priority
Alibaba Group Holding Ltd. (NYSE:BABA) is placing a strong emphasis on artificial intelligence (AI) and user experience under the leadership of new Chief Executive Officer Eddie...
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New Alibaba Group CEO lays out strategic priorities for staff
By Casey Hall SHANGHAI (Reuters) -New Alibaba (NYSE:BABA) Group CEO Eddie Wu has told staff the tech giant's two main strategic focuses going forward will be "user first" and "AI-driven",...
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JPMorgan maintains Alibaba ADR at 'overweight' with a price target of $150.00
An analyst from JPMorgan maintained Alibaba ADR (NYSE: BABA) at 'overweight' with a price target of $150.00 from a prior price target of $140.00. Prior to this rating, Alibaba ADR had 42...
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Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPO
By Josh Ye and Donny Kwok HONG KONG (Reuters) -Alibaba's stock lost more than 4% in Hong Kong on Monday after ex-group CEO Daniel Zhang quit just two months after concentrating his focus on...
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U.S. stocks rise on hopes for Fed rate pause; inflation data in view
Investing.com -- U.S. stocks were rising on hopes the Federal Reserve will leave rates unchanged when it meets this month, as investors anticipate nearing the end of its interest rate...
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Dow futures edge higher; fresh inflation data, tech sector in focus
Investing.com -- U.S. stock futures edged higher Monday, bouncing after the previous week’s losses with investors awaiting the release of key inflation data as well as more earnings from the...
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Alibaba slumps after cloud unit CEO Daniel Zhang unexpectedly quits; Morgan Stanley highlights increased uncertainty
Investing.com -- Shares of Alibaba Group (HK:9988) (NYSE:BABA) slumped in Hong Kong trade on Monday after the e-commerce giant said that outgoing chief executive Daniel Zhang will also...
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European stocks higher; ECB meeting, U.S. inflation to guide sentiment
Investing.com - European stock markets traded higher Monday, with investors cautiously awaiting the latest policy-setting meeting by the European Central Bank later in the week. At 03:35 ET...
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Asian stocks dip as U.S. inflation looms, Alibaba leads tech losses
Investing.com-- Most Asian stocks edged lower on Monday as markets remained risk-averse before more cues on U.S. inflation and interest rates, while Alibaba logged steep losses after its...
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Alibaba slumps after cloud unit CEO Daniel Zhang unexpectedly quits
Investing.com-- Shares of Alibaba Group (HK:9988) (NYSE:BABA) slumped in Hong Kong trade on Monday after the e-commerce giant said that outgoing chief executive Daniel Zhang will also...
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Alibaba placing Freshippo grocery unit listing on backburner - Bloomberg News
Investing.com -- Alibaba (NYSE:BABA) has decided to place the possible listing of its Freshippo grocery chain on hold due to weak sentiment around consumer stocks, Bloomberg News...
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Alibaba Launches Suite of Next-Gen B2B Sourcing Tools
Alibaba.com (BABA) today unveiled a suite of new products and enhancements to existing sourcing tools during its first Co-Create conference. The event, occurring September 7-8, 2023 in Las...
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Hong Kong stocks dip as property developers' debt concerns offset Beijing's housing market push
Hong Kong stocks took a downturn on Tuesday from a three-week high, driven by a pullback in property developers due to concerns about potential debt defaults. This overshadowed Beijing's...
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Alibaba to Start Super September Sales
Alibaba.com (BABA) will host its highly anticipated Super September sale from September 1-30, 2023. This year's event promises new features and benefits aimed at empowering digital...
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China lets Baidu, others launch ChatGPT-like bots to public, tech shares jump
By Josh Ye and Urvi Manoj Dugar(Reuters) -Five Chinese tech firms, including Baidu Inc (NASDAQ:BIDU) and SenseTime Group, on Thursday launched their artificial intelligence (AI) chatbots to...
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SEC Hinman Under Fire: Did He Lie Under Oath on Investment Contracts?
Coin Edition - John Deaton accuses the SEC of neglecting its primary mission in digital asset oversight.Deaton questioned ex SEC Director’s testimony under oath, suggesting potential...
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China To Tighten Initial Public Offerings In Temporary Move - Bloomberg
China To Tighten Initial Public Offerings In Temporary Move - Bloomberg
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Nvidia suppliers, Asian tech rally as AI hype fuels bumper earnings
Investing.com -- Major Asian technology stocks, chiefly Nvidia’s regional suppliers, rose sharply on Thursday after the world’s most valuable chipmaker clocked consensus-beating quarterly...
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DingTalk to split from Alibaba's cloud division - Reuters
Investing.com -- Alibaba Group's (HK:9988) DingTalk workplace collaboration tool will split from the tech conglomerate's cloud division, according to a Reuters report Wednesday citing two...
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HSBC maintains Alibaba ADR at 'buy' with a price target of $142.00
An analyst from HSBC maintained Alibaba ADR (NYSE: BABA) at 'buy' with a price target of $142.00 from a prior price target of $131.00. Prior to this rating, Alibaba ADR had 41 buy...
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Will the Artificial Intelligence Bubble Burst Soon? Experts Weigh In
Coin Edition - Morgan Stanley argues that the AI bubble is closing its peak and asks investors to be wary. Alibaba (NYSE:BABA), the e-commerce company, claims its efforts to ramp up AI...
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Truist Securities maintains Alibaba ADR at 'buy' with a price target of $135.00
An analyst from Truist Securities maintained Alibaba ADR (NYSE: BABA) at 'buy' with a price target of $135.00 from a prior price target of $130.00. Prior to this rating, Alibaba ADR had...
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DZ Bank upgrades Alibaba ADR to 'buy' with a price target of $120.00
An analyst from DZ Bank upgraded Alibaba ADR (NYSE: BABA) from 'hold' to 'buy' with a price target of $120.00. Prior to this rating, Alibaba ADR had 41 buy ratings, 4 hold ratings, and 0...
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Alibaba undergoing a 'fundamental turnaround' says Benchmark and sees potential for 85% rally
Benchmark analysts weighed in positively on Alibaba (NYSE:BABA) after the company delivered “an all-around clean quarter”. “It has been a while since BABA delivered an all-around clean...
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Benchmark maintains Alibaba ADR at 'buy' with a price target of $180.00
An analyst from Benchmark maintained Alibaba ADR (NYSE: BABA) at 'buy' with a price target of $180.00. Prior to this rating, Alibaba ADR had 41 buy ratings, 4 hold ratings, and 0 sell...
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Baird maintains Alibaba ADR at 'outperform' with a price target of $120.00
An analyst from Baird maintained Alibaba ADR (NYSE: BABA) at 'outperform' with a price target of $120.00 from a prior price target of $115.00. Prior to this rating, Alibaba ADR had 41...
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Bernstein maintains Alibaba ADR at 'outperform' with a price target of $100.00
An analyst from Bernstein maintained Alibaba ADR (NYSE: BABA) at 'outperform' with a price target of $100.00 from a prior price target of $98.00. Prior to this rating, Alibaba ADR had 41...
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Marketmind: Bonds droop as inflation cheer fades
A look at the day ahead in European and global markets from Tom WestbrookHow do you put the cork back in a bottle of champagne? Perhaps ask your friendly bond dealer, as traders in the...
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