Alibaba Group Holding Ltd is a leading multinational conglomerate specializing in e-commerce, retail, and technology. The company operates various online marketplaces that connect consumers and businesses, facilitating the sale of goods and services. Beyond e-commerce, Alibaba has diversified its offerings to include cloud computing, digital media, and entertainment, striving to empower businesses with innovative technology solutions. With a strong focus on integrating online and offline experiences, Alibaba continuously evolves its platform to meet consumer demands and optimize supply chain efficiency. The organization's mission is to make it easy to do business anywhere, leveraging its expansive reach to foster global commerce. Read More
Ant Group's Wealthiness and Prosperity Holding will purchase 857.98 million shares of Bright Smart Securities, representing approximately 50.55% of the total issued shares, for HK$3.28 per share.
Argentina's lifting of currency controls has boosted investor confidence, as reflected in ARGT's 3.5% jump, outperforming leading indices like EEM and SPY.
Analysts from Goldman Sachs Group Inc. have warned that the U.S. tariffs on Chinese imports could put up to 16 million jobs in China at risk, particularly in the manufacturing sector.
Apple plans to import most iPhones for US sales from India by 2026, doubling its output to 80M units. Pandemic, tariffs, and tensions with China prompt pivot.
Chinese stocks rose on trade optimism after Trump's comments. Alibaba, PDD, Baidu, NIO, Li Auto, and XPeng show strong momentum. China eyes Europe as a key trading partner.
Shares of U.S.-listed Chinese companies, including Alibaba Group inc. (NYSE: BABA), NIO Inc. (NYSE: NIO) and PDD Holdings Inc.(NASDAQ: PDD) are trading higher Tuesday following comments from U.S. Treasury Secretary Scott Bessent indicating a possible de-escalation in the ongoing tariff conflict with China.
JD.com accuses rival platforms of coercing couriers to leave JD Takeaway, vows to increase full-time riders. Trump's tariffs on Chinese imports a concern.
Alibaba Cloud recently announced the rollout of significant enhancements to its AI offerings for its global users, introducing upgraded tools, new models, and infrastructure improvements aimed at keeping pace with the rapid evolution of AI.
