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Alibaba Group Holding Limited
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BABA News30 articles
Alibaba Shares Near 52-Week Low Despite Kling AI Investment
Alibaba shares in Hong Kong rose 5.1% for the week but remain near their 52-week low as the company joins Kuaishou's Kling AI funding round alongside Tencent and Baidu.
Pfizer Gains on China GLP-1 News, but Dividend Focus Limits Upside
Pfizer shares edged up 0.4% after its GLP-1 drug cleared a China insurance review, but the stock trails the S&P 500 as investors weigh dividend yield against growth prospects.
Alibaba Stock Plunges 4.4% on Anthropic's Massive AI Data Theft Allegations
Alibaba (HKG:9988) lost 4.43% to HK$95.00, erasing HK$88 billion, after Anthropic alleged Alibaba-linked groups conducted 28.8 million illicit Claude AI exchanges, intensifying US security scrutiny.
Tech Selloff Drags US Futures Lower; South Korea's KOSPI Plunges 10%
US stock futures fell sharply Tuesday as a tech selloff erased optimism over US-Iran talks. South Korea's KOSPI plunged nearly 10% on regulatory ETF warnings.
G7 Leaders Debate AI Model Access Amid OpenAI's $1T IPO Plan and Rising China Competition
G7 leaders debate AI model access as OpenAI files for a $1T IPO. Anthropic restricts models, China boosts local AI, and cybersecurity deals surge.
NVIDIA Stock Rises on AI Demand; China Risks Persist Ahead of Fed
NVIDIA shares rose over 2% in premarket trading, driven by strong AI data center demand, but risks from ByteDance's shift to Chinese chip suppliers and NVIDIA's declining China market share loom.
Asian Markets Surge on US-Iran Strait of Hormuz Deal, Oil Plunges
Asian markets surged Monday on a preliminary US-Iran deal to reopen the Strait of Hormuz, sending oil prices down 5% and easing inflation concerns. The Nikkei 225 hit a record close, while the Kospi jumped 5.2%.
Alibaba Shares Tumble 5.4% After Beijing Questions 618 Subsidy Claims
Alibaba's Hong Kong shares plunged 5.4% after Beijing regulators questioned Taobao and Tmall's 618 festival subsidy claims, intensifying regulatory risk and margin worries.
Alibaba Surges 6.5% as AI Adoption Fuels Hong Kong Tech Rally
Alibaba shares surged 6.5% in Hong Kong to HK$130.80, leading a tech rally as investors pivot to AI adoption. Cloud revenue jumped 38%, but adjusted EBITA tumbled 84% due to AI and cloud spending.
NIO Shares Surge on ES9 SUV Debut with Yao Ming; Delivery Targets in Focus
NIO shares jumped 8.6% to $5.71 after unveiling the ES9 SUV with Yao Ming as brand ambassador. The company targets Q2 deliveries of 110,000-115,000 vehicles.
PDD Holdings Tumbles on Q1 Earnings Miss, Costs Surge
PDD Holdings shares plunged 10.5% after first-quarter revenue and profit fell short of Wall Street forecasts, as rising costs and intense competition pressured the Temu and Pinduoduo parent.
Oil Surges on Renewed US-Iran Strikes, Asia Markets Mixed
Brent crude rose 2.39% to $98.44 after new US strikes in Iran dimmed hopes for a quick peace deal. Hong Kong's Hang Seng gained 0.37% on chip stocks, while other Asian markets slipped.
Nikkei Breaks 65,000 Barrier as Asian Markets Rally on Oil Slide
Japan's Nikkei closed above 65,000 for the first time, surging 2.87% as Asian stocks rallied on hopes of revived U.S.-Iran talks and falling oil prices. Taiwan hit a record, while Shanghai, Australia, and India gained.
Asian Markets Brace for Key Week as Oil, Yields, and AI Dominate
Asian markets enter a crucial week with oil above $103, US yields at 4.558%, and AI optimism from Nvidia and Lenovo. China cracks down on cross-border brokers, while key data includes US PCE and Tokyo CPI.
China Shuts Down Unauthorized Cross-Border Stock Trading Platforms
China's securities regulator has ordered Tiger Brokers, Futu Securities, and Longbridge Securities to wind down unauthorized cross-border trading for mainland clients, citing illegal operations. Shares of Futu and UP Fintech plunged over 30% in U.S. premarket trading.
Asian Markets Rally on US-Iran Talks, Nikkei Nears Record
Asian shares advanced Friday, with Japan's Nikkei jumping 2.8% toward a record high, fueled by hopes for US-Iran diplomacy, while oil remained near $105 and the yen stayed weak.
Strait of Hormuz Tanker Traffic Resumes Amid Persistent Oil Supply Risks
Three supertankers moved 6 million barrels of crude through the Strait of Hormuz, but U.S. Navy warns area remains high risk. Brent crude fell 4% on Iran talks progress.
Baidu Surges on AI Cloud Strength Despite Advertising Decline
Baidu's U.S.-listed shares rallied over 3% premarket as Q1 revenue topped forecasts, with AI cloud revenue surging 49% to offset a 22% drop in online marketing.
Nvidia Slips 4.4% as AI Rally Pauses Ahead of Key Earnings Report
Nvidia shares dropped 4.4% to $225.32 Friday ahead of its fiscal Q1 earnings, trimming weekly gains to 4.7%. Options market implies a 7% swing post-earnings.
Nvidia Stock Slips as China H200 Chip Hopes Fade Before Earnings
Nvidia shares fell 2.8% to $229.12, snapping a seven-day rally, after U.S. Trade Representative Jamieson Greer indicated chip export controls were not discussed in Beijing, dampening hopes for H200 chip sales to China.
Nvidia Shares Jump on China Chip Approval, Shipments Yet to Begin
Nvidia shares surged 4.4% to a record after US officials approved sales of H200 AI chips to about 10 Chinese companies, though no shipments have started yet.
Wall Street Hits New Highs as AI Optimism Overrides Inflation Data
The S&P 500 and Nasdaq hit new intraday highs on Thursday, led by Nvidia and Cisco, despite April retail sales rising 0.5% and jobless claims increasing to 211,000.
Cisco's AI Surge Propels Futures Higher as Wall Street Eyes Inflation Data
U.S. stock futures rose early Thursday as Cisco's 19% premarket surge on AI demand and job cuts lifted tech stocks. Markets await April retail sales and jobless claims data.
Alibaba's AI Cloud Bet Drives Stock Surge Amid Profit Dip
Alibaba's cloud revenue surged 38% to 41.63 billion yuan, fueling a stock rally even as operating profit swung to a loss of 848 million yuan, highlighting the AI investment trade-off.
Nvidia's China H200 Sales Stalled Despite US Approval
US regulators have cleared Nvidia to sell its H200 AI chips to major Chinese companies, but no shipments have occurred as Chinese buyers hold off under Beijing's guidance.
Fervo Energy Soars 33% in Nasdaq Debut; AI Infrastructure Stocks Surge
Fervo Energy jumped 33% in its Nasdaq debut, raising $1.89 billion. AI infrastructure stocks surged, but Wix and Dynatrace dropped on spending worries.
Alibaba's AI Spending Faces Profitability Test Ahead of Earnings
Alibaba's ADRs edge up in premarket as investors await fiscal Q4 results. Revenue expected to rise to 282.44B yuan, but net profit projected to fall to 11.71B yuan.
JD.com Surges on Retail Margin Strength, Food-Delivery Losses Narrow
JD.com shares jumped 8.3% in Hong Kong as Q1 revenue and adjusted profit topped expectations, with retail margin expansion and reduced food-delivery losses offsetting a 53% net income drop.
10x Genomics Tumbles on Revenue Slide; Buffett Warns of 'Gambling Mood'
10x Genomics shares dropped 5.3% after Q1 revenue fell 2.6% year-over-year, while Warren Buffett cautioned investors against a 'gambling mood' driving unsustainable valuations.
Alibaba Shares Surge on AI Optimism Ahead of May 13 Earnings Report
Alibaba's U.S.-listed shares rose 6.6% to $141.04 on renewed AI interest. The rally precedes the company's March-quarter and fiscal-year earnings report due May 13.