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Bloomberg57d agoneutral
China Stock Gauge Sinks as Traders Favor AI Winners Elsewhere

(Bloomberg) -- Chinese stocks listed in Hong Kong are facing bleak milestones as a global rush into artificial intelligence supply chain players sidelines the Internet and consumer companies that dominate the offshore benchmark.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealModi Warns of ‘Short

Alibaba Group Holding Ltd (BABA): Looking Beyond Pentagon’s Black List
Insider Monkey58d agoneutral
Alibaba Group Holding Ltd (BABA): Looking Beyond Pentagon’s Black List

Alibaba Group Holding Ltd (NYSE:BABA) is one of billionaire Ken Fisher’s top high growth stock picks. On June 8, the Pentagon blacklisted Alibaba Group Holding Ltd (NYSE:BABA) on claims that the company has ties with the Chinese military. Alibaba denies the accusations and has vowed to fight to clear its name. According to Citi analyst […]

Alibaba (NYSE:BABA) Stock After Recent Slide Is The Market Pricing In Too Much Caution
Simply Wall St.58d agoneutral
Alibaba (NYSE:BABA) Stock After Recent Slide Is The Market Pricing In Too Much Caution

If you are wondering whether Alibaba Group Holding's current share price offers value or risk, the next sections break down what the market is actually pricing into the stock. The stock last closed at US$112.55, with returns declining 6.3% over the past week, 15.1% over the past month and 27.7% year to date, while the 1 year return is down 2.1%, up 29.7% over 3 years and down 43.4% over 5 years. Recent market attention has focused on how Alibaba is positioned within global e commerce, cloud...

Bloomberg59d agoneutral
Xiaohongshu Is Said to Ready Hong Kong IPO Filing This Month

(Bloomberg) -- Xiaohongshu Technology Co., the Chinese creator of social platform RedNote, is preparing to confidentially file for an initial public offering in Hong Kong by the end of this month, according to people familiar with the matter.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the Worl

Bloomberg59d agoneutral
Anthropic Block Marks US Reversal, Warning to Silicon Valley

(Bloomberg) -- The extraordinary move by the US to bar foreign access to Anthropic PBC’s best AI models underscores the Trump administration’s newfound willingness to exert control over a pivotal industry. It also reminds Silicon Valley that it’s working with an imperfectly understood technology with uncertain impact.Most Read from BloombergIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Rest

Oppenheimer issues bold price target on SpaceX stock
TheStreet60d agoneutral
Oppenheimer issues bold price target on SpaceX stock

SpaceX’s (SPCX) historic IPO kicked off with a valuation few companies ever touch. Consequently, it also left investors wondering how much upside is left, or whether profit-taking is about to begin. SpaceX's stock, priced at $135, raised $75 billion, opening a brand new chapter for Elon Musk’s ...

Bloomberg60d agoneutral
Jack Ma-Backed Ant Group Set for High-Stakes Overhaul of Billion-User App

(Bloomberg) -- Ant Group Co. is testing an overhaul to its Alipay super app that would introduce an AI agent interface, a major escalation in its battle for users with archrival WeChat.Most Read from BloombergWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOTrump Eyes Sunday Iran Deal But Tehran Says Still Reviewing TextAnthropic Shuts Down Mythos Access After Sweeping US OrderUS Wants to Avoid Congressional Vote on Trade Deal, Carney SaysAir India Plans to Downsize With Owner Tata

Alibaba’s US$1.5b Pupu Bid Tests Local Commerce Ambitions
Simply Wall St.61d agoneutral
Alibaba’s US$1.5b Pupu Bid Tests Local Commerce Ambitions

Alibaba Group Holding (NYSE:BABA) is reportedly bidding about $1.5b to acquire Chinese grocery delivery firm Pupu. The offer is said to be ahead of rival bids, potentially intensifying competition with Meituan and JD.com in online grocery and local commerce. If completed, the deal would expand Alibaba's reach in high frequency grocery and food delivery services across China. At a share price of $112.82, Alibaba enters this reported bid after a period of pressure on the stock, with the price...

When Will SpaceX Shares Start Trading?
The Wall Street Journal62d agoneutral
When Will SpaceX Shares Start Trading?

SpaceX executives are set to ring the Nasdaq’s opening bell in New York City, but shares in buzzy initial public offerings don’t usually start trading until later in the day. Bankers leading an IPO typically want to match buyers and sellers for about 10% of the shares sold before opening trading to lessen volatility. Because pre-IPO investors are restricted from selling shares for a while, it can take time to find willing sellers among those who bought shares in a high-demand IPO.