Tech Stock News
Sunday, March 26, 2023
Jupiter Wellness Inc (NASDAQ: JUPW) announced the pricing of an underwritten public offering of 11 million shares of common stock, as the par value of $0.001 per share to be allocated by the firm. More than 5.4 lakhs shares to be administered by specific selling stockholders of the firm and […]
Alibaba Group Holdings Ltd (NYSE:BABA) drew robust $5 billion bond sale offers, which shows that investors still have confidence in Alibaba’s long-term prospects amid easing tensions with regulators. Alibaba issues new bonds According to people familiar with the matter, the four tranche offer received over 38 billion in orders at […]
The US government has indicated that it will not ban Americans from investing in Chinese tech companies Baidu Inc. (NASDAQ:BIDU), Alibaba Group Holding (NYSE:BABA), and Tencent Holdings (OTCMKTS:TCEHY). This comes after the government weighed the companies’ connection to the Chinese military compared to the economic impact of banning them. Nine […]
Alibaba Group Holdings Corp (NYSE:BABA) founder, Jack Ma has been absent from the public in the last two months including his absence in the final episode of a TV show in which he is a judge. This has fuelled speculations regarding his whereabouts following the regulatory clampdown on his business […]
Alibaba Group Holding Ltd (NYSE:BABA) shares sank 8.26% on Tuesday following regulatory threats from Chinese authorities seeking to tighten their grip on big internet platforms. Alibaba faces more regulatory threats The plunge comes after China’s State Administration for Market Regulation released draft rules which will limit monopolistic trends by internet […]
Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) will kick off this year’s “Singles Day” Mega shopping extravaganza early. This is a move expected to drive a surge in sales as the country’s COVID-19 pandemic easing drives a rebound in the economy. Sales booming on Singles Day The company will […]
Alibaba Grouping Holding Ltd. (NYSE:BABA) has announced that it will subscribe to a fifth of Ant Group Co. Ltd.’s A share in its upcoming IPO. This represents around 730 million shares of the 1.67 billion a shares that Ant Group will initially list on the Shanghai Stock Exchange. Alibaba agrees […]
Although a strait separates Taiwan and Mainland China, the internet in the two is worlds apart. This has made it difficult for tech giants such as Alibaba (NYSE:BABA) to succeed on the Island where they often face regulatory hurdles. Taobao Taiwan asked by authorities to leave the Island Barely a […]
Alibaba Group’s (NYSE:BABA) big data has been very helpful during the pandemic in helping Chinese companies refocus their production to local needs. With export orders plunging from March due to the pandemic, businesses turned to the domestic market where with the help of Alibaba’s big data, they knew what consumers […]
On February 14, 2019, Alibaba Group Holding Ltd (NYSE:BABA) indicated that they had acquired 8% stake in Billibili Inc. (NASDAQ:BILI) with the aim of leveraging the platform to encourage buying of products from the e-commerce platform. Bilibili is a Chinese video streaming platform that has over 92 million active users […]