Skip to main content

Nasdaq BABA Alibaba

Top Chinese Tech Stocks To Buy Right Now? 3 In Focus

4 years 3 months ago
Are These Top Chinese Stocks On Your June 2022 Watchlist?While some investors may be looking for recession-proof stocks amidst the turbulence in markets, Chinese tech stocks could be worth looking at. After all, this section of the stock market today remains an interesting one, t
StockMarket.com

BABA November 18th Options Begin Trading

4 years 3 months ago
Investors in Alibaba Group Holding Ltd (Symbol: BABA) saw new options become available today, for the November 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 161 days until expiration the newly
BNK Invest

Alibaba Stock Finally Rallies. Will It Continue?

4 years 3 months ago
Chinese e-commerce behemoth Alibaba stock (NYSE: BABA) has fared relatively well over the last month, rallying by 22%, compared to the broader S&P 500 which was up about 4% over the same period. However, the stock still remains down by about 13% year-to-date, and by almo
Trefis

Why Alibaba Was Down Today

4 years 3 months ago
What happened Shares of Alibaba Group (NYSE: BABA) moved higher in pre-market trading on Thursday after news broke that Chinese regulators may be ready to let the e-commerce giant revive its plans to hold an initial public offering for its financial services affiliate, Ant Group.
The Motley Fool

Better Buy: Amazon vs. Alibaba

4 years 3 months ago
Amazon (NASDAQ: AMZN) and Alibaba (NYSE: BABA) might initially look very similar. Both companies are e-commerce leaders that have built up massive cloud infrastructure platforms as their secondary businesses. Both have also expanded their sprawling ecosystems into adjacent market
The Motley Fool

Chinese Stocks Gain Steam, What’s Behind Investors’ New Found Love?

4 years 3 months ago

Chinese stocks lost sheen for various reasons, including a macroeconomic slowdown. Among all the reasons, Beijing’s regulatory crackdown on its large tech companies led investors to shun Chinese stocks. Furthermore, the fear of delisting from the U.S. stock exchange added to investors’ woes. 

Nevertheless, it appears that things are now turning for the better. A recent Wall Street Journal report highlighted that China is ending its probe into ride-hailing giant Didi Global (NYSE: DIDI). Further, regulatory authorities could soon lift a ban on the company and allow it to add new users. 

Notably, Chinese authorities blocked Didi from adding new users and drivers last year after it came under investigation.

Following the report, the ADR (American Depositary Receipt) of Didi increased about 35% this week. Moreover, the news had a positive impact on the ADRs of top Chinese companies, including Alibaba (NYSE: BABA), JD.com (NASDAQ: JD), and Tencent Holdings Limited (TCEHY).

Alibaba ADR increased 28% this week. Meanwhile, JD and TCEHY ADRs rose 18% and 12% during the same period, respectively. 

Moreover, these stocks have gained significantly in the past month, as reflected in the chart below. 

Bottom Line  

The easing of regulatory pressure could significantly boost the shares of Chinese companies. 

During the last quarter’s conference, Alibaba’s CEO Daniel Zhang stated that “recently, the Chinese government has released important policy signals on its commitment to stabilize the economy and the job market in response to COVID impacts. They have also issued clear statements on promoting the development of internet platform economy through a healthy, regulatory environment.”

While favorable market policies are positive, the macroeconomic slowdown, delisting fears, and the pandemic could remain a drag. 

TipRanks’ Stock Comparison tool shows that Wall Street is bullish on BABA and JD stocks. Meanwhile, analysts are cautiously optimistic about TCEHY stock. However, DIDI's stock is not rated as the company announced in May that it intends to delist from the American exchange.

Read full Disclosure

TipRanks
Checked
7 minutes 15 seconds ago
This feed is responsible for generating the rss feed related to the topic BABA
Subscribe to Nasdaq BABA Alibaba feed