Alibaba Group: Alibaba reports slowest growth yet amid COVID-19 outbreaks

Alibaba Group Holding Ltd. on Thursday reported a single-digit increase in its fourth-quarter revenue, its slowest quarter yet as its online services and e-commerce businesses took a hit amid COVID-19 lockdowns across China. Revenue increased 9% to 204.05 billion yuan ($30.3 billion) in the three months ended March, as its core e-commerce platforms Taobao and … Read more

Is Alibaba Stock a Buy Ahead of Earnings? 5-Star Analyst Weighs In

Before Thursday’s market action kicks off, Alibaba (BABA) will step up to the earnings plate and deliver F4Q22’s financials. The latest quarterly update comes against a backdrop of a contracting Chinese economy, supply chain woes and the recent zero-COVID lockdowns. Taking these factors into consideration, ahead of the print, Baird’s 5-star analyst Colin Sebastian thinks … Read more

Alibaba Stock Is Under the Microscope Ahead of Earnings; Here’s What to Expect

The Chinese economy’s growth has been decelerating and the recent Covid-driven lockdowns have further impacted growth. China Commerce is particularly feeling the effect and that in turn is impacting Alibaba (BABA). The company is set to post F4Q22 earnings on Thursday, May 26, and Truist’s top analyst Youssef Squali thinks that any short-term guidance “will … Read more

China ADSs are flying as fading regulatory headwinds send iQIYI, NIO and Alibaba stocks surging

The U.S.-listed shares of China-based companies, surged Tuesday, particularly in the internet sector, as an apparent reduction of regulatory scrutiny has emboldened Wall Street analysts and investors to bet on an extended bounce. The iShares MSCI China exchange-traded fund MCHI rallied 2.5% in morning trading and the KraneShares CSI China Internet ETF KWEB hiked up … Read more

J.P. Morgan Says Buy Tencent and Alibaba. Why They’re Now Positive on Chinese Tech Stocks.

Text size Regulatory change had come sooner than the analysts had anticipated. Greg Baker/AFP via Getty Images Tencent Holdings and Alibaba Group saw their stock jump Tuesday after catching an upgrade by J.P. Morgan analysts. In a research note on Monday, analysts led by Alex Yao turned positive on a slew of internet stocks just … Read more

Tencent, Alibaba Look Like Utilities After $1 Trillion Drubbing

(Bloomberg) — For years they were two of the fastest-growing companies worldwide — stock-market darlings worth a combined $1.7 trillion at their peak. Most Read from Bloomberg Now Tencent Holdings Ltd. and Alibaba Group Holding Ltd. are struggling to keep up with even the most staid utilities as China’s crackdown on internet giants takes its … Read more

TSMC price hike and a bargain-hunting Alibaba

Hello everyone! This is Cheng Ting-Fang from Taipei, covering semiconductors, supply chain, hardware and tech trends. This week Taiwan — Asia’s key tech economy — has suffered its worst Covid-19 surge since the pandemic started in 2020, recording more than 65,000 daily confirmed cases, the highest in Asia. But for executives across the region’s tech … Read more

Alibaba CEO reassures employees amid economic and regulatory challenges

Chinese e-commerce giant Alibaba Group Holding is an important contributor to society and continues to develop in a “regulated” manner despite major challenges, according to its chairman and CEO Daniel Zhang Yong. Alibaba is embedded in Chinese society and the economy and is developing in a regulated manner along with the rest of China’s internet … Read more

Alibaba targets bargain-hunting shoppers to boost slowing sales growth

In the northern industrial town of Baoding, toilet paper rolls off Jinye’s industrial machinery, ready to be sent direct from the factory floor to bathrooms across China. Sales of Jinye’s absorbent tissues have exploded since it became one of the first companies to open a store on Alibaba’s Taobao Deals, a platform launched by the … Read more