Alibaba Group Holding Limited (BABA)
- South China Morning Post
Alibaba, JD.com, WuXi Bio lead Hong Kong stock rebound on fund inflows, Fed rate focus
Hong Kong stocks climbed from a one-month low, joining a broader rally in Asia-Pacific markets amid bullish bets on global rate cuts. Alibaba Group Holding led tech leaders higher on signs of surging demand from mainland-based investment funds. The Hang Seng Index rose 1 per cent to 17,274.72 at the local noon trading break, after sliding on Wednesday to the lowest level since August 9. The Tech Index advanced 1.4 per cent, while the Shanghai Composite Index was little changed. E-commerce leader
- Insider Monkey
Is Alibaba (NYSE:BABA) the Best AI Stock to Buy According to Carolina Panthers Owner Billionaire David Tepper?
We recently published a list of 10 Best AI Stocks to Buy According to Carolina Panthers Owner Billionaire David Tepper. Since Alibaba Group Holding Ltd (NYSE:BABA) ranks 1st on the list, it deserves a deeper look. Billionaire David Tepper stands out amongst American hedge fund managers for his two recent moves: his bet on Chinese stocks despite their volatility […]
- Barrons.com
Alibaba Is Battling with Temu Parent PDD. Founder Jack Ma Says That’s a Good Thing.
Alibaba is locked in a three-way battle for market share with upstart rival PDD and longtime foe JD.com but the Chinese e-commerce giant’s co-founder Jack Ma thinks heightened competition will be good news over the longer term. “Many of Alibaba business face challenges and the possibility of being surpassed, but that’s to be expected as no single company can stay at the top forever in any industry,” Ma wrote in an internal memo sent to employees late Tuesday to commemorate the company’s 25th anniversary, according to The Wall Street Journal. Alibaba’s earnings have disappointed this year as it struggles to win a price war against JD.com and PDD which owns Pinduoduo in China and Temu in the U.S. In June, the three companies locked horns for China’s annual 618 shopping festival, slashing prices and rolling out promotions in a battle investors fear could weigh on margins.
