Alibaba

Editor's Note: The headline has been corrected to reflect that Walmart aims to raise $3.74 billion by selling its stake in JD.com. Walmart Inc. (NYSE:WMT) has announced plans to sell its stake in Chinese e-commerce giant and Alibaba-rival JD.com Inc. (NASDAQ:JD), causing JD.com’s shares to...

On Tuesday, major U.S. indices showed mixed results. The Dow Jones Industrial Average fell by 0.1% to 39,291.97, while the S&P 500 inched up almost 0.1% to 5,576.98. The Nasdaq saw a slight increase of 0.14%, closing at 18,429.29. These are the top stocks that gained the attention of retail...

In a recent announcement, SoftBank Group Corp. (OTC:SFTBY) founder, Masayoshi Son, revealed his intent to make a significant investment in artificial intelligence (AI). What Happened: Son’s announcement suggests that SoftBank is on the verge of a substantial AI investment. While acknowledging...

The major U.S. indices had a mixed performance on Monday. The Dow Jones Industrial Average fell by 0.2% to close at 39,431.51, and the S&P 500 declined by 0.02% to finish at 5,221.42. Conversely, the Nasdaq ended the day up nearly 0.3%, closing at 16,388.24. These are the top stocks that gained...

Four Chinese artificial intelligence (AI) start-ups have achieved ‘unicorn’ status, with valuations exceeding $1 billion. The companies, namely Zhipu AI, Moonshot AI, MiniMax, and 01.ai, are now set to compete with U.S. giants like Microsoft-backed (NASDAQ:MSFT) OpenAI and Amazon-backed...

Alibaba co-founder Joe Tsai said that he's noticed that a wealth effect from a property downturn tends to make consumers more hesitant to spend their money — here's why.  In an interview with Norges Bank Investment Management, Tsai spoke about all things wealth, including consumer confidence during...

Alibaba Group Holding Ltd. (NYSE:BABA) co-founder Jack Ma has reportedly resurfaced with a comprehensive internal memo, stirring speculation about his future role in the company. What Happened: Ma has emerged with a detailed message to his staff, hinting at a more prominent role after years of low...

On Tuesday, major U.S. stock indices closed lower, with the Dow Jones Industrial Average decreasing by 1.04% to 38,585.19 and the S&P 500 falling by 1.02% to 5,078.65. The Nasdaq also finished the day down by 1.65% at 15,939.59. These are the top stocks that gained the attention of retail...

Alibaba Group Holding Ltd (NYSE:BABA) co-founder Joe Tsai expressed optimism about the company’s future despite recent setbacks. What Happened: Tsai acknowledged the challenges Alibaba has faced in recent times. These include internal changes, the cancellation of a cloud computing IPO, and...

In a strategic move, Alibaba Group Holding Ltd. (NYSE:BABA) has initiated partnerships with local companies in Saudi Arabia and the United Arab Emirates (UAE) as China strengthens its relations with the Gulf region. What Happened: Alibaba’s President, Michael Evans, revealed the company...

The factories in Shaji, China, have begun to shift their allegiance from Alibaba Group Holding Ltd (NYSE:BABA) to rival e-commerce platforms, citing a decline in Alibaba’s ability to guarantee sales. What Happened: The factories in Shaji, a town in eastern China, have started to list their...

Alibaba Group Holding Ltd (NYSE:BABA) has decided to put the initial public offerings (IPOs) of its logistics arm Cainiao Smart Logistics and brick-and-mortar chain Freshippo on hold due to challenging market conditions. What Happened: Alibaba’s Chairman Joe Tsai announced the decision during...

U.S. stocks ended firmly in the green on Wednesday with the Dow Jones Industrial Average rising 0.4% to 38,677.36 for the day. The S&P 500 rose 0.8% to 4,995.06, while the Nasdaq was higher by 0.95% at 15,756.64. These are the top stocks that gained the attention of retail traders and investors...

U.S. stocks showed positive momentum today, with the Dow Jones index climbing over 140 points. The market saw a broad uptick, with the Dow ending the day up by 0.37% to 38,521.36 while the NASDAQ increased by nearly 0.1% to 15,609. The S&P 500 gained 0.2% to reach 4,954.23. These are the top...

The future of Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) looks increasingly uncertain as options traders foresee a prolonged slump in its stock value. What Happened: Alibaba’s shares have plummeted by 75% from their 2020 peak, dragging its valuation to an all-time low,...