What happened
Shares of Alibaba (NYSE: BABA) moved higher Tuesday after the company unveiled a new high-tech microchip to run its cloud servers. The semiconductor is one of China's most advanced and could help change the narrative around the stock, which has been battered due to
(RTTNews) - Chinese tech giant Alibaba (BABA) has announced that it is coming up with a brand new server chip that will be used in the company's cloud-service business.
The move will not only put Alibaba in direct competition with the likes of Amazon, Huawei, and Microsoft, bu
Stock Market Futures Extend Gains After Monday’s Winning SessionStock market futures remain on the uptrend in early morning trading on Tuesday. This appears to be the case as investors eagerly await a slew of high key earnings rolling in this week. That’s amid the eco
Chinese internet platforms have not gone far enough in unblocking external links, as instructed by authorities, and relevant government bodies should take further action to intervene, a state-run newspaper said on Tuesday.
Chinese internet platforms have not gone far enough in unblocking external links, as instructed by authorities, and relevant government bodies should take further action to intervene, a state-run newspaper said on Tuesday.
Chinese tech giant Alibaba
Group Holding Ltd on Tuesday unveiled an ARM-based
processor developed by its T-Head semiconductor division, to be
used in its cloud computing division.
The NASDAQ 100 After Hours Indicator is up 3.12 to 15,304.01. The total After hours volume is currently 66,081,123 shares traded.The following are the most active stocks for the after hours session: Alibaba Group Holding Limited (BABA) is -0.02 at $166.80, with 4,642,612 shares
The Chinese internet giants have been incredible wealth-creators over the past 20 years. Yet this summer, China's tech darlings fell hard -- as in more than 50% hard -- as the Communist Party's regulatory regime cracked down on the sector in a big way.
The pandemic has accelerated e-commerce, digital payments, and gaming adoption in emerging markets, and Sea Limited (NYSE: SE) has been a big beneficiary. The company is growing rapidly on multiple fronts and has no shortage of opportunity ahead of it. In this Motley Fool Live se
The NASDAQ 100 After Hours Indicator is up 2.14 to 15,149.06. The total After hours volume is currently 58,534,333 shares traded.The following are the most active stocks for the after hours session: Pacific Gas & Electric Co. (PCG) is unchanged at $11.20, with 11,278,862 sha
What happened
Shares of China's Futu Holdings (NASDAQ: FUTU) are set to close down more than 26% for the week, according to numbers provided by S&P Global Market Intelligence. The dive follows a state-run media suggestion that the online brokerage company may be ill-equipped
With last week’s settlement of the fine of Meituan, China’s major food delivery service, internet and tech stocks are soaring again in China this week. The Chinese State Administration for Market Regulation fined Meituan 3.44 billion yuan, the equivalent of $534.3 million, for abuses of power as the dominant company within the online food delivery market, [...] Read more at ETFtrends.com.
China's antitrust regulators recently fined Meituan (OTC: MPNG.Y), one of the country's largest on-demand delivery companies, 3.44 billion yuan ($533 million) -- or 3% of its domestic revenue from 2020 -- following a closely watched probe that started in April.
The NASDAQ 100 After Hours Indicator is up 16 to 15,068.42. The total After hours volume is currently 61,956,575 shares traded.The following are the most active stocks for the after hours session: Alibaba Group Holding Limited (BABA) is +0.48 at $167.26, with 3,542,956 shares tr