Alibaba Group Holding Ltd (NYSE: BABA) Shares Gain By 6.4% After Jack Ma is Seen in Mallorca

Alibaba Group Holding Ltd (NYSE: BABA) shares gained 6.4% after news that its founder Jack Ma was touring the island of Mallorca near the Spanish Coast. This increase added over $27 billion to its value despite the report being unverified and unrelated to company affairs. Ma gave a controversial speech in 2020 that resulted in […]

Alibaba Group Holding Is Experiencing a Steady Rise After it Lost $344 Billion in October

Alibaba Group Holding Ltd (NYSE: BABA) is seeing a steady rise in shareholder value. This increase comes after the company bottomed out in October 2020 following a speech made by its founder Jack Ma. Jack Ma’s speech caused a government crackdown on major Chinese companies The speech, which condemned regulations that stifled innovation and called […]

Alibaba Group Holding Ltd (NYSE: BABA) Warns Decelerating Consumers Spending Will Hurt Earnings and Launches a Server Chip

Alibaba Group Holding Ltd (NYSE: BABA) is expected to release its earnings report on November 5  ahead of China’s largest online shopping festival called “Singles Day.” Analysts have slashed their consensus earnings estimates for the year by around 5% over the last weeks amid waning domestic consumer spending momentum. Alibaba facing challenges as analysts slash […]

Alibaba Group Holding Ltd (NYSE: BABA) 72-Hour Global Delivery Plan Sparks Up E-Comm War With Fellow Giants Amazon.com, Inc. (NASDAQ: AMZN)

According to reports by the reports, china-based e-comm conglomerate Alibaba Group Holding Ltd (NYSE: BABA) is intensifying its rivalry with Amazon.com, Inc. (NASDAQ: AMZN) by promising consumers 72-hour deliveries all across the globe Wall Street Journal. Alibaba is looking to ensure it can deliver goods within 72 hours from China to anywhere in the world. Faster delivery and […]

Alibaba Group Holding Ltd (NYSE: BABA) And Other Investors Lead $400 Million Funding For Masan Group’s Retail Division

Alibaba Group Holding Ltd (NYSE: BABA) is leading a $400 million investment funding round in Masan Group Corp’s retail arm, Crownx. The investment in the Vietnamese conglomerate’s retail unit marks Alibaba’s first investment in Vietnam, which is among the fastest-growing Asian economies.  Alibaba acquires a stake in Masan’s retail division, The CrownX. The Chinese e-commerce […]