What happened
Shares of Agora (NASDAQ: API) were down as much as 25% on Friday after the Chinese Communist Party (CCP) announced new sanctions on technology companies in its home country. As of 1:39 p.m. EDT, Agora stock was down 22.2% on the day.
What happened
Chinese stocks were diving today, once again on fears of a regulatory crackdown by the Chinese government. This time the focus was on Chinese education stocks as a number of news outlets reported that officials may ask Chinese tutoring companies like TAL Education G
What happened
Shares of DiDi Global (NYSE: DIDI), a China-based ride-sharing company, fell again today on worries that the Chinese government could significantly penalize the company for its recent U.S. IPO.
Investors in Alibaba Group Holding Ltd (Symbol: BABA) saw new options become available today, for the September 2022 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 420 days until expiration the newly ava
What happened
Shares of MoneyGram International (NASDAQ: MGI) were nearly 13% higher as of 3:20 p.m. EDT today after Bloomberg reported that multiple parties were interested in acquiring the company.
Should Investors Be Watching These Top E-Commerce Stocks Right Now?With the broader stock market recovering from Monday’s major dips, investors could be wondering what stocks to buy now. If anything, e-commerce stocks would be a viable candidate given the current market con
Dingdong (Cayman) (NYSE: DDL), a leading Chinese on-demand e-commerce company, went public on June 29, 2021. For those who are new to the company, Dingdong resembles a Chinese version of Instacart where you can order groceries online and get them delivered to your home.
Recent regulatory crackdowns may have temporarily hobbled growth in the Chinese tech sector, but there’s plenty of runway left long-term, says KraneShares CIO Brendan Ahern. The $5.1 billion KraneShares CSI China Internet ETF (KWEB) recently saw two record one-day inflows, leading to a weekly influx of over $631 million. For the past thirty days, the [...] Read more at ETFtrends.com.
Indonesian e-commerce firm Bukalapak has raised $1.5 billion in its initial public offering, the country's largest issue, after pricing it at the top of an indicated price range, three sources familiar with the matter said on Wednesday.
The Chinese government's move against DiDi (NYSE: DIDI) is only the latest in a string of actions against technology companies. In this episode of MarketFoolery, Bill Mann, with host Chris Hill, discusses what he believes some investors are missing in the story and shares his str
The Dow and the S&P 500 indexes sank more than 2% on Monday as investors sold off economically sensitive shares and travel stocks and sought the perceived safety of bonds on fears that a spike in COVID-19 cases would derail a broader economic recovery.
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