What happened
Shares of Best Inc. (NYSE: BEST) had plunged by 18.5% as of 12:45 p.m. Friday after the supply chain specialist announced plans to sell its Chinese express delivery business to rival J&T Express for $1.1 billion. However, the company, which is backed by e-commerce p
Alibaba-backed Best Inc said on Friday it would sell its express delivery business in China to J&T Express Co. Ltd in a deal valued at about 6.8 billion yuan ($1.06 billion), including debt, sending its shares up 22% before the bell.
Alibaba-backed Best Inc said on Friday it would sell its express delivery business in China to J&T Express Co. Ltd. in a deal valued at about 6.8 billion yuan ($1.06 billion).
China's market regulator on Friday proposed a long list of responsibilities it said it wanted the country's internet platforms to uphold, in the latest effort by Beijing to establish an oversight framework for its technology sector.
Amazon’s stock (NASDAQ: AMZN) is scheduled to report its fiscal Q3 2021 results on Thursday, October 28. We expect AMZN to beat the consensus estimates for revenues and earnings. The company has reported better than expected revenue and earnings figures in each of the las
Six years ago, JD.com (NASDAQ: JD), China's largest direct retailer, invested about $50 million in a U.S. e-commerce start-up. That start-up was ContextLogic's (NASDAQ: WISH) Wish, which eventually went public last December with an initial valuation of over $14 billion -- four ti
Alibaba Group founder Jack Ma, largely out of public view since criticising China's regulatory system last year, has smelled orchids and brushed up his knowledge of horticulture on a surprise visit to the Netherlands, a flower developer who met him said.
Alibaba Group founder Jack Ma has been touring Dutch research institutions to pursue his interests in agriculture technology, Hong Kong newspaper South China Morning Post (SCMP)reported, quoting people familiar with his trip.
While U.S. stocks continue notching record highs, shares of Chinese companies keep walking backward. The SPDR S&P China ETF (NYSEMKT: GXC), which tracks the performance of major Chinese companies listed in the U.S. and China, is down 9.5% year to date versus the S&P 500's
The Chinese internet sector has had a rocky year with regulations working to redefine the space and the companies that inhabit it. In the midst of it all is the KraneShares CSI China Internet ETF (KWEB) experiencing record inflows as it continues to weave new companies into its portfolio. The following is a breakdown of what [...] Read more at ETFtrends.com.
The NASDAQ 100 After Hours Indicator is down -7.63 to 15,347.44. The total After hours volume is currently 82,223,548 shares traded.The following are the most active stocks for the after hours session: Antero Midstream Corporation (AM) is unchanged at $11.45, with 8,347,701 shar
What happened
Shares of Bilibili (NASDAQ: BILI) were up almost 18% in noontime trading since last Friday's close, according to data provided by S&P Global Market Intelligence, after Morgan Stanley (NYSE: MS) analyst Alex Poon said the Chinese video-sharing website would likely re
SoftBank's (OTC: SFTB.Y) Vision Fund owned a 37% stake in Coupang (NYSE: CPNG) at the time of its IPO in March. The Japanese conglomerate's investment arm had accumulated that massive stake in the South Korean e-commerce leader over the previous six years.
3 Top E-Commerce Stocks To Watch Right NowFor investors considering what stocks to buy today, some would argue that e-commerce stocks make for viable plays now. Overall, the stock market today appears to be holding strong as earnings continue to impress. Among said earnings are f
The NASDAQ 100 After Hours Indicator is down -22.24 to 15,366.47. The total After hours volume is currently 52,072,106 shares traded.The following are the most active stocks for the after hours session: Transocean Ltd. (RIG) is -0.01 at $4.09, with 4,942,231 shares traded. RIG's
Alibaba Group founder Jack Ma was on the Spanish island of Mallorca where his luxury yacht is anchored, two Spanish newspapers said on Wednesday, on his first trip abroad since he fell out with China's regulators in 2020.
Consumer stocks were trending higher premarket Wednesday. The Consumer Staples Select Sector SPDR Fund (XLP) was up 0.11%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently unchanged.
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