Alibaba Group (NYSE: BABA) and Pinduoduo (NASDAQ: PDD) are two of the largest e-commerce companies in China. Alibaba served 1.3 billion annual active customers globally at the end of fiscal 2022 (which ended in March 2022), including over 1 billion customers in China, while Pindu
Alibaba (BABA) closed at $88.09 in the latest trading session, marking a -1.17% move from the prior day. This change lagged the S&P 500's daily loss of 0.25%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 5.91%.
Chinese listed stocks on US markets traded broadly higher on Tuesday after Chinese health authorities unveiled plans to lift Covid-19 quarantine requirements on international travellers from the 8th of January in 2023.Chinese authorities made the announcement late on Monday eveni
Major U.S.-listed Chinese companies, including Pinduoduo Inc and Full Truck Alliance Co, have put discussions about a potential Hong Kong listing on hold, The Information reported on Wednesday, citing people familiar with the matter.
What happened
Shares of Farfetch (NYSE: FTCH) were gaining today on a down day for tech stocks. The catalyst appeared to be good news out of China as the government announced plans to get rid of its quarantine rule for inbound travelers. It was the latest step by Beijing to end i
Wall Street ended lower at the beginning of a holiday-shortened week on Tuesday, as rising U.S. Treasury yields pressured interest rate sensitive megacap shares.
Wall Street ended lower at the beginning of a holiday-shortened week on Tuesday, as rising U.S. Treasury yields pressured interest rate sensitive megacap shares.
Wall Street was mostly lower at the beginning of a holiday- shortened week on Tuesday as investors weighed the likelihood of protracted restrictive Fed policy against China's relaxation of its strict zero-COVID rules.
The tech-heavy Nasdaq came under pressure on Tuesday following declines in some megacap growth stocks and Tesla, while optimism around an economic recovery in China after the country further eased its COVID-19 curbs helped cap losses.
What happened
Shares of Chinese tech giants Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD) rose today after the Chinese government said they plan to further ease COVID-19 restrictions. Shares of Alibaba and JD both traded more than 3% higher as of 11:35 a.m. ET.
The S&P 500 and tech-heavy Nasdaq fell on Tuesday, led by declines in some megacap growth stocks and Tesla, with optimism around China further easing its COVID-19 curbs limiting losses on the indexes.
Alibaba (BABA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
U.S. stock indexes were set to open higher on Tuesday after China further relaxed its COVID-19 curbs by scrapping quarantine rule for inbound travelers, while a slump in Tesla shares were set to pressure Nasdaq.
U.S-listed shares of Chinese firms gained on Tuesday after China dropped its quarantine rule for inbound travelers, further easing its strict zero-COVID policy that has dented economic growth.
The NASDAQ 100 Pre-Market Indicator is down -23.07 to 10,962.38. The total Pre-Market volume is currently 42,030,795 shares traded.The following are the most active stocks for the pre-market session: AMC Entertainment Holdings, Inc. (APE) is +0.35 at $2.08, with 12,440,546 share
U.S. stock index futures rose on Tuesday after China further relaxed its COVID-19 curbs, fuelling hopes of a recovery in the world's second largest economy.
The NASDAQ 100 After Hours Indicator is down -14.73 to 10,970.72. The total After hours volume is currently 39,473,518 shares traded.The following are the most active stocks for the after hours session: Citigroup Inc. (C) is unchanged at $44.26, with 3,844,828 shares traded. C's
Alibaba (NYSE: BABA) has taken investors on a wild ride since its IPO in 2014. China's top e-commerce and cloud platform company initially dazzled investors with its robust growth rates, and its stock hit an all-time high of $317.14 in October 2020. But over the following two yea
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