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Chinese Stocks Drop as Alibaba Rethinks Cloud Strategy Amid US Chip Limits
/ Best Stocks, Market Analysis

Chinese Stocks Drop as Alibaba Rethinks Cloud Strategy Amid US Chip Limits

Alibaba and other Chinese stocks fell notably on Friday after the e-commerce giant revoked its decision to spin-off its cloud unit due to chip curbs.

November 17, 2023
BABA Falls Premarket After Ma’s Trust Announces Selling 10M Shares

BABA Falls Premarket After Ma’s Trust Announces Selling 10M Shares

Alibaba's US-listed shares fell over 7.9% in the premarket on the reports that Jack Ma is planning to sell 10 million BABA shares.

November 16, 2023
Alibaba up 3.4% as China Completes Ant Group Probe with a $984M Fine

Alibaba up 3.4% as China Completes Ant Group Probe with a $984M Fine

Alibaba shares spiked on Friday after Chinese regulators brought their crackdown on Ant Group to an end.

July 07, 2023
Alibaba Cloud Partners with NEAR Foundation as Crypto-Friendly Founder Set to Take Over

Alibaba Cloud Partners with NEAR Foundation as Crypto-Friendly Founder Set to Take Over

Crypto-friendly Joseph Tsai is set to replace long-time chief Daniel Zhang as Alibaba's new Chairman.

June 26, 2023
Alibaba Shares Up 1.7% as Firm Mulls $29B Unit’s IPO in the US

Alibaba Shares Up 1.7% as Firm Mulls $29B Unit’s IPO in the US

A recent report by Morgan Stanley suggested that IDCG could be valued at $29 billion.

May 04, 2023