Robert Way What’s going on with the company? Management shakeup Alibaba’s last three years have been tumultuous. At this point, we believe that the firm’s previous CEO, Daniel Zhang, has been neglecting innovation and his inability to execute allowed formidable competitors like Pinduoduo (PDD) to emerge in the Chinese e-commerce space. Alibaba had to get more agile quickly, and beyond the reorganization plan that resulted in the formation of six distinct business groups, it was clear that leadership had ...

HANGZHOU, China, Sept. 4, 2024 /PRNewswire/ -- Alibaba International Digital Commerce Group ("Alibaba International") today concluded its Global E-commerce Challenge (GEC) 2024 with a global finals event in Hangzhou, China, spotlighting exceptional young innovators worldwide.2024 GEC first prize winner Team CrashCourse from Singapore Management UniversityFinalists and judges of GEC 2024Launched in 2021, the GEC aims to attract and engage young talents globally to shape the future of e-commerce. The 2024 edi ...

Though Michael Burry is best known for taking skillful short positions – as exemplified by his role in the famous ‘Big Short’ during the Great Recession – his most-discussed current trade has been his investment in Alibaba (NYSE: BABA).The two biggest drivers of interest for the BABA stock bet have been the sheer size of the position – the Chinese e-commerce giant became the top contender for the spot of the biggest holding in the portfolio during the previous quarter – and the fact that it has been teeteri ...

Taobao and Tmall will likely begin accepting payments through WeChat Pay this month, a source familiar with the matter who was not authorized to disclose the details publicly, told CNBC."We have always been open to collaborations, and have actively explored interoperability and partnerships with our peers," an Alibaba spokesperson told CNBC. "We are constantly working to enhance user experience by making shopping more convenient, enjoyable, and efficient."Previously, Alibaba's Chinese e-commerce sites only ...

Most stock market investors are often worried about one market and one market alone: the U.S. stock market and its recent developments. They often fail to recognize that today’s global economy is more connected than ever before, so what happens in one country affects other countries (and their stocks) in a big way. Today, some mega investors have begun to realize just how much upside there could be ahead for the Chinese stock market.Alibaba Group TodayBABAAlibaba Group$82.61 -0.73 (-0.88%) 52-Week Range$66. ...

Key TakeawaysChinese regulators said they had completed a three-year "rectification" of Alibaba.The e-commerce giant was fined in 2021 and took steps to address concerns about monopolistic practices.Jefferies analysts said the conclusion of the "rectification" process could represent a “new start” for the company and maintained a "buy" rating. Alibaba Group (BABA) shares traded in the U.S. gained Friday after Chinese regulators said the e-commerce giant completed a three-year “rectification” over charges it ...

After a three-year-long probe into its monopolistic practices, Alibaba (NYSE: BABA) received a green light from the Chinese State Administration for Market Regulation (SAMR) in a statement on August 30, in what some experts see as a ‘new start’ for the e-commerce giant.After being placed under a probe and fined $2.8 billion in 2021 for its unfriendly practices, including exclusive agreements for sellers and unfriendly market practices towards its rivals, Alibaba is seemingly yet again on good terms with the ...

As several popular U.S.-listed Chinese stocks begin to show signs of a rebound, investors are left wondering whether now is the right time to jump back into the market or if these gains could be another value trap. The iShares China Large-Cap ETF NYSE: FXI has managed to buck its downtrend this year, trending nearly 10% higher year-to-date and consolidating above its 200-day SMA in a bullish pattern. However, with lingering concerns about the Chinese economy and regulatory environment, is it time to invest ...

Alibaba has completed a three-year regulatory "rectification" process following an antitrust fine it received on charges of monopolistic practices in 2021, China's market regulator said on Friday.Shares of Alibaba rose 4.01% at 06:59 a.m. in premarket trading in the U.S.On Friday, China's State Administration for Market Regulation (SAMR) said that, over the past few years, it has been supervising Alibaba's process to become compliant with antitrust regulations. The rectification work has achieved "good resu ...

The Alibaba office building is seen in Nanjing, Jiangsu province, China, on August 28, 2024. On the ... [+] same day, Alibaba announces in the Hong Kong Stock Exchange that the conversion of the company's voluntary secondary listing status on the Hong Kong Stock Exchange to the primary listing status takes effect, and the company is now a dual primary listed company on the Hong Kong Stock Exchange and the New York Stock Exchange. (Photo by Costfoto/NurPhoto via Getty Images)NurPhoto via Getty ImagesChinese ...