China Newsbase

Hangzhou government pledges unswerving support for Alibaba to develop economy

Communist Party chief Liu Jie praised Alibaba’s ‘resilience during the economic winter for the internet industry’, in another show of support for platform economy.

January 10, 2023 Source: South China Morning Post

Xi Jinping Warns Chinese Officials Against Colluding With Big Businesses: No 'Infiltration Of Capital Into Politics' - Alibaba Group Holding (NYSE:BABA), Tencent Holdings (OTC:TCEHY)

Chinese President Xi Jinping on Tuesday sent out a clear signal to officials to steer clear of any unholy nexus with big businesses in the country.

January 10, 2023 Source: Benzinga

Alibaba signs cooperation agreement with authorities in China's Hangzhou -media

Chinese e-commerce giant Alibaba Group Holding Ltd has signed a cooperation agreement with the government of Hangzhou, the city where the company is headquartered, local media reported on Tuesday.

January 10, 2023 Source: Reuters

Good News For Alibaba And Peers As China Regulator Shows Support And Regulatory Crackdown Easing Plans

China's central bank prepared to step up support for private firms to drive the economy while easing a crackdown on tech companies, media quoted Guo Shuqing, Communist party chief of the People's Bank of China. China's monetary policy in 2023 will focus on expanding demand, especially personal consumption, Reuters reports. The update reflects fresh vigor and optimism for battered companies ranging from Chinese tech barometer Alibaba Group Holding Limited (NYSE: BABA). Also Read: Alibaba Founder

January 10, 2023 Source: YahooFinance

Alibaba Wins Conviction Boost As China Eases Covid Lockdowns: Goldman Sachs

Goldman Sachs Group, Inc (NYSE: GS) said Chinese stocks might rally another 15%, while the yuan could hit April 2022 levels on the nation's reopening and critical policy shifts. The brokerage analysts, including Kinger Lau, raised its 12-month index target for the MSCI China Index to 80 from 70, citing low valuations and multiple policy pivots in housing, internet regulation, and geopolitics, Bloomberg reports. Separate Goldman analysts led by Kamakshya Trivedi saw the yuan rallying to 6.5 per d

January 10, 2023 Source: YahooFinance

Alibaba Weighs $1B Investment In Turkey As Logistics Hub

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) eyed a logistics hub at Istanbul Airport and a data center near the Turkish capital Ankara with an investment of over $1 billion. Alibaba aimed to invest in Europe and the Middle East and saw Turkey as a solid production base, Reuters reports citing president Michael Evans' interview. Alibaba weighed serious investment plans at Istanbul Airport and proposed evaluating e-export strategies from Turkey to Europe, the Middle East, a

January 10, 2023 Source: YahooFinance

Good News For Alibaba And Peers As China Regulator Shows Support And Regulatory Crackdown Easing Plans - Alibaba Group Holding (NYSE:BABA)

China's central bank prepared to step up support for private firms to drive the economy while easing a crackdown on tech companies, media quoted Guo Shuqing, Communist party chief of the People's Bank of China.

January 9, 2023 Source: Benzinga

Alibaba (BABA) Stock Pops as Jack Ma Relinquishes Control of Ant Group

Alibaba (BABA) stock is gaining on Monday as investors react to the news that founder Jack Ma is giving up control of Ant Group.

January 9, 2023 Source: InvestorPlace

Unimpressive Hong Kong Keeps No. 3 Spot In Global IPO Race - Alibaba Group Holding (NYSE:BABA), KE Holdings (NYSE:BEKE)

Key Takeaways: Hong Kong IPOs fell sharply last year, but the fundraising is expected to rebound this year as global inflation moderates and China reopens The fading threat of forced de-listings for Chinese companies in New York could have a negative impact on Hong Kong IPOs this year By Emily Chan

January 9, 2023 Source: Benzinga

Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Netflix, Alibaba, Meta, Uber & more

Here are the biggest calls on Wall Street on Monday.

January 9, 2023 Source: CNBC

Alibaba founder Jack Ma in Thailand to continue study of farming technology

Pictures of billionaire Alibaba founder Jack Ma in Bangkok have surfaced on social media, following a trip to Japan late last year to study fish farms and related technology.

January 9, 2023 Source: South China Morning Post

Alibaba Wins Conviction Boost As China Eases Covid Lockdowns: Goldman Sachs - Alibaba Group Holding (NYSE:BABA)

January 9, 2023 Source: Benzinga

Alibaba Weighs $1B Investment In Turkey As Logistics Hub - Alibaba Group Holding (NYSE:BABA)

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) eyed a logistics hub at Istanbul Airport and a data center near the Turkish capital Ankara with an investment of over $1 billion.

January 9, 2023 Source: Benzinga

Goldman Sachs adds Alibaba to conviction buy list, says shares can rise more than 25%

The firm expects Alibaba is the best way to play a rebound in the China internet sector.

January 9, 2023 Source: CNBC

Alibaba Stock Rises After Jack Ma Cedes Control of Ant Group

The Hong Kong-listed shares of Chinese internet giant Alibaba rose for a sixth consecutive trading day Monday, climbing 8.7% after the company's co-founder [Jack Ma ceded control of fintech giant Ant Group](https://www.wsj.com/articles/jack-ma-cedes-control-of-fintech-giant-ant-group-11673066817). Alibaba's American depositary receipts also rallied. In recent action, they stood about 2.7% higher at $110.47. Alibaba's shares have surged 80% from a multiyear low in October, taking the company's ma

January 9, 2023 Source: YahooFinance

Alibaba Stock Leaps As Jack Ma Cedes Ant Control, Beijing Eases Crackdown - TheStreet

“We’ll encourage (tech platforms) to come out strong in leading economic growth, creating more jobs, and competing globally,” said CCP secretary Guo Shuqing.

January 9, 2023 Source: TheStreet

Alibaba Leads China Tech Gains as Regulatory Woes Ease Further

(Bloomberg) -- The page has finally turned for Chinese tech stocks, as the end of a years-long regulatory crackdown revives demand for an industry once dubbed “uninvestable.”Most Read from BloombergGoldman to Cut About 3,200 Jobs This Week After Cost ReviewBrazil Capital Reels After Anti-Lula Rioters Storm CongressShip Refloated After Running Aground in Egypt’s Suez CanalPutin’s Energy Gambit Fizzles as Warm Winter Saves EuropeSouth Africa Has Its First Case of Most Transmissible Covid VariantTh

January 9, 2023 Source: YahooFinance

Alibaba Stock Surges 7% In Hong Kong After Jack Ma-Ant Report - Alibaba Group Holding (NYSE:BABA)

Shares of Alibaba Group Holding Ltd (NYSE: BABA) rose over 7% in morning trade in Hong Kong in the wake of the news regarding billionaire 

January 8, 2023 Source: Benzinga