INSANE: 6 | Rare Historical Photos

Alibaba Commences Mass Production Of EVs

Jack Ma's Alibaba Group Holding Ltd (NYSE: BABA) has begun mass production of smart electric vehicles, 

Benzinga · Mar 7, 2022

Tencent Follows Alibaba; To Slash Transaction Fees For SMEs

Chinese social media firm Tencent Holdings Ltd (OTC:TCEHY) looks to reduce transaction fees for small and medium-sized merchants using its WeChat payments system by 10%, Reuters reports. The reductions will apply beginning September 1, 2021, and extend to September 30, 2024. The merchants need to meet China's classification standards for small and medium-sized…

Benzinga · Mar 3, 2022

Meituan Slashes Commissions Post Regulatory Order; Alibaba Could Be Next

Chinese food delivery firm Meituan (OTC:MPNGY) looks to lower commissions for merchants on its platform, Reuters reports. Other major food delivery platforms in China include Alibaba Group Holding Ltd (NYSE:BABA)-owned Ele.me. Meituan currently charges ~12% in commissions for its food delivery business, a unit accounting for more than 50% of its total revenue, according to…

Benzinga · Mar 1, 2022

Here's How Big Of A Recovery Investors Expect From Alibaba's Stock By Friday

Shares of Alibaba Group Holding Ltd (NYSE: BABA) have shed almost 9% since Thursday last week, amid wide speculations of the company facing further regulatory pressures, with Beijing preparing for another round of crackdowns.

Benzinga · Feb 23, 2022

Here's Why Alibaba Dumped Its Fundraising Plans

Alibaba Group Holding Ltd (NYSE:BABA) discussed raising at least $1 billion for Lazada before calling off negotiations when talks bogged down over the Southeast Asian online mall's valuation, Bloomberg reports. Alibaba had aimed to secure financing for Lazada ahead of its spinoff and a potential initial public offering. Alibaba ditched the fundraising…

Benzinga · Feb 23, 2022

Why Alibaba Shares Are Trading Lower Today

Alibaba Group Holding Ltd (NYSE: BABA) is trading lower Tuesday following reports suggesting China asked state firms to check their investments in Jack Ma's Ant Group.

Benzinga · Feb 22, 2022

More Trouble Brews For Alibaba's Jack Ma

Last week Chinese regulators asked state-owned firms to kick-off a fresh round of checks to find out their investments and other linkages with Alibaba Group Holding Ltd (NYSE:BABA) founder Jack Ma's Ant Group, Bloomberg reports. The regulatory authorities have asked the state-owned firms to submit the details of investments in equities and exposure…

Benzinga · Feb 22, 2022

Here's Why Jefferies Sees More Alibaba Stake Sale By SoftBank

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) sold 20 million Alibaba Group Holding Ltd (NYSE: BABA) shares in the last quarter and "

Benzinga · Feb 22, 2022

Why Alibaba, Baidu And Pinduoduo Shares Are Falling Today

Shares of Chinese companies, including Alibaba Group Holding Ltd (NYSE: BABA), Baidu Inc (NASDAQ: BIDU) and Pinduoduo Inc (NASDAQ:

Benzinga · Feb 18, 2022

US Adds Messaging Platforms Of Alibaba, Tencent To Its Counterfeit List

The U.S. added Alibaba Group Holding Ltd's (NYSE:BABA) AliExpress and Tencent Holdings Ltd's (OTC:TCEHY) WeChat messaging platforms to its list of notorious markets for counterfeiting and piracy Bloomberg reports. The messaging platforms were "two significant China-based online markets that reportedly facilitate substantial trademark counterfeiting," the Office of the U.S. Trade Representative said. WeChat and Weixin,…

Benzinga · Feb 17, 2022