The basketball legend-turned-entrepreneur will front Alibaba.com's campaign—"Same Player, New Game"—for the Olympic Games Paris 2024 alongside two other sporting stars who are also winning in businessPARIS, July 10, 2024 /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce, today announced Tony Parker as a Global Ambassador for its "Same Player, New Game" creative campaign for the Olympic Games Paris 2024. Alibaba.com is the Official E-Commerce Services Partner of ...

Alibaba (NYSE: BABA) stock price record of underperformance has continued this year. It has dropped by over 1.50% this year as the Nasdaq 100 and S&P 500 indices soared by double digits. The stock has also dropped by over 54% while the two indices have risen by over 80%.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Alibaba has become a big fallen angel, meaning that $10,000 invested in it in October 2020 would now be worth just $2,442.  Good and hig ...

Robert WayIntroduction The last time we discussed Alibaba (NYSE:BABA) already dates back to February of this year. We rated the stock as a Strong Buy as we believed in the company’s long-term potential. Since then, the stock returned a measly 4%, while the S&P 500 (SPY) returned close to 12.50%. Since its all-time high in 2020, the stock is down over 75%. YchartsThe question arises: “Is Alibaba really that bad of an investment?”. In this article, we will revisit some of our key points on why we believe ...

The iShares MSCI China ETF (NASDAQ:MCHI) has surged by more than 8% in the past six months, suggesting that investors have gained renewed optimism about Chinese stocks. Despite having my reservations, I share investors’ current sentiment as I believe China’s leading emerging market status provides it with an edge, meaning systematic support is likely.Although highly lucrative at times, Chinese stocks can face severe drawdowns due to opaque government policies, unconsolidated industries and fierce sectoral c ...

Alibaba (BABA) closed the latest trading day at $73.50, indicating a -1.37% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow lost 0.08%, and the tech-heavy Nasdaq gained 0.28%.Coming into today, shares of the online retailer had lost 4.96% in the past month. In that same time, the Retail-Wholesale sector gained 3.31%, while the S&P 500 gained 4.08%.The investment community will be paying close attention to the earnings performance of Alibab ...

Michael Burry’s bet on the Chinese e-commerce and technology giant Alibaba (NYSE: BABA) has been extensively covered for approximately a year. The attention has been lent for several reasons, including a lack of a major short position – ever since the controversial bet against the semiconductor industry was abandoned – and because the BABA investment has been mostly staying in the red with many traders waiting to see if it will ever turn green for ‘The Big Short’ investor.Still, while neither of the two big ...

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- CertiK, Web3’s leading blockchain security company, announced today that CertiK has successfully migrated its cloud infrastructure in Asia to Alibaba Cloud. This strategic move leverages Alibaba Cloud’s advanced resource management services to enhance the security, reliability, and cost-efficiency of CertiK's blockchain applications. With cloud-based computing driving advancements in communication technology over the past decade, cybersecurity remains a critical c ...

The Chinese consumer is finally returning to spending, albeit at a slower-than-expected rate. Eventually, once economic confidence is restored, consumers will increase their spending. Green shoots are emerging, making it an opportune time to buy Chinese retail stocks.There are two primary reasons for upside. First, China has one of the highest e-commerce penetration worldwide, with an online shopping penetration rate of 83.8%. Due to the high penetration rate, Chinese retail stocks are some of the largest o ...

gutaper/iStock Editorial via Getty Images My thesis Alibaba (NYSE:BABA) is a massively undervalued stock, according to my intrinsic value calculations. Nothing is that cheap with no significant risks, and investing in BABA is apparently extremely risky. The "Cold War" between the United States of America and China is a strong factor weighing on stock prices of Chinese companies. However, it is important to keep in mind that any war, whether hot or cold, ends in peace. Even the Cuban Missile Crisis, when the ...

Alibaba (BABA) is leaving no stone unturned to boost technological innovation driven by generative AI. In the fourth quarter of fiscal 2024, AI-related revenues witnessed a triple-digit growth year-over-year.Building on this momentum, Alibaba’s cloud division, Cloud Intelligence Group, recently unveiled the “AI programmer,” powered by the company’s in-house large language model (LLM).The AI programmer combines software architect, development engineer, and test engineer roles to help developers shorten appli ...