The famous investor Michael Burry has been known for his knack for seeing what most can’t in the stock market ever since he pulled off “The Big Short” by predicting the 2008 financial crisis.More recently, he has become known for his more mixed performance and controversial decisions like the 2023 bet against the semiconductor industry – which was dropped in the fourth quarter of the year – and his investment in the Chinese technology and e-commerce giant, Alibaba (NASDAQ: BABA).This March, however, some of ...

As many people who have swiped right can tell you, it’s one thing to view a profile online, quite another to spend time with someone In Real Life. So, last week over 30 major buyers and distributors from China and Southeast (SE) Asia descended on Sydney to press the flesh and test the credentials of Australian brand owners keen to win hearts and dollars in the Asian region.The “Business Matching” (essentially, speed dating) event was just one component of the 6th Alibaba E-Commerce Expo, held in Sydney for ...

Alibaba (BABA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this online retailer have returned -0.5%, compared to the Zacks S&P 500 composite's +3% change. During this period, the Zacks Internet - Commerce industry, which Alibaba falls in, has gained 1.6%. The key question now is: What could be the stock's future direction?Although media reports ...

The latest filing detailing the stock holdings of the famous investor who predicted the 2008 crash – Michael Burry of “The Big Short” fame – published in mid-February covering the final trimester of 2023 was filled with interesting updates and revelations.While his larger investments like HCA Healthcare (NYSE: HCA) and his more controversial bets like the one on Alibaba (NASDAQ: BABA) and the one against the semiconductor industry took the bulk of the attention, some smaller, less prominent trades have also ...

The e-commerce trend continues to take share from traditional retail. Statista estimates a 9.79% compounded annual growth rate in worldwide e-commerce revenues between 2024 and 2029. Therefore, we are in the early innings of this shift and undervalued e-commerce stocks will outperform.Several reasons exist for the momentum in e-commerce growth. First, e-commerce’s value proposition keeps consumers coming back and attracts new customers. The convenience and shortened delivery times make it a hassle-free way ...

Baidu (BIDU -0.74%) and Alibaba (BABA 0.03%) were both once considered relatively safe plays on the Chinese economy's long-term growth. Baidu owns the country's leading search engine, while Alibaba operates its largest e-commerce marketplaces and its most widely used cloud infrastructure platform.But over the past three years, Baidu's stock declined 60% as Alibaba's stock sank 68%. Let's see why these two Chinese tech stalwarts stumbled, and if either one is still worth buying as a turnaround play. Baidu's ...

Many investors have kicked value stocks to the curb in the new bull market. That's not surprising considering the jaw-dropping gains that several large-cap growth stocks have generated.However, value stocks typically beat growth stocks over the long term. And some value stocks will be bigger winners than others. I predict that these could be the best-performing value stocks through 2030.1. Alibaba GroupMost investors would probably view Alibaba Group (BABA 0.03%) as a growth stock. After all, the company is ...

An apparent effort at muscling into the e-commerce market of a neighboring country wasn't very impressive to Alibaba (BABA -3.91%) investors on Thursday. They traded out of the Chinese online retailer's stock, to the point where its U.S.-listed shares closed the day down by 3.9%. In contrast, the slumping S&P 500 index shed only 0.3% of its value.A renewed push in South Korea?Nikkei Asia, quoting a report from South Korea's Yonhap News Agency, published an article stating that Alibaba is to invest $1.1 bill ...

The European Commission (EC) has opened formal proceedings to determine whether AliExpress breached requirements of the Digital Services Act.The probe will look at the online marketplace’s management and mitigation of risks, content moderation, handling of complaints, transparency of advertising, traceability of traders and accessibility of data to researchers, the EC said in a Thursday (March 14) press release.The opening of formal proceedings does not prejudge an outcome, the release said. Instead, it mea ...

The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023.The European Commission on Thursday said it opened a formal investigation into AliExpress, an international e-commerce website run by Chinese tech giant Alibaba, over concerns surrounding the dissemination of illegal content.The Commission, the executive arm of the European Union, opened the probe into AliExpress under its landmark Digital Services Act, which came into effect this month. The wide-sweeping legi ...