What happened
Shares of Baidu (NASDAQ: BIDU) logged a loss of 19.6% last month, according to data provided by S&P Global Market Intelligence, following a regulatory crackdown on many of China's technology companies.
China's ongoing crackdown on its top tech companies has rattled investors and crushed the sector's bellwether stocks, including Alibaba, Tencent (OTC: TCEHY), and Baidu.
Many of China's top stocks were crushed over the past few months as the country's regulators tightened their grip on several high-growth sectors. Alibaba (NYSE: BABA), the country's largest e-commerce and cloud company, was hit by an antitrust probe and a record fine. DiDi Global
Are These Top Consumer Discretionary Stocks Worth Investing In Right Now?Whether you are a firm believer in the reopening trade or looking to bet on stay-at-home trends, consumer discretionary stocks remain viable. After all, this section of the stock market today is home to a wi
Consumer stocks were steady premarket Tuesday. The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.01% and the Consumer Discretionary Select Sector SPDR Fund (XLY) were up 0.41%.
China's Alibaba Group Holding Ltd missed analyst estimates for first-quarter revenue on Tuesday, as its e-commerce business was hurt by rising competition from smaller players such as JD.Com Inc and Pinduoduo Inc.
(RTTNews) - Alibaba Group Holding Limited (BABA) reported revenue growth of 34% year-over-year for the quarter ended June 30, 2021. Excluding items, non-GAAP net income rose 10%, mainly due to the increase in share of profit of equity method investees. For the June quarter, globa
The NASDAQ 100 Pre-Market Indicator is up 12.39 to 14,976.01. The total Pre-Market volume is currently 16,873,909 shares traded.The following are the most active stocks for the pre-market session: Translate Bio, Inc. (TBIO) is +8.58 at $37.73, with 4,799,274 shares traded.TBIO i
China's Alibaba Group Holding Ltd reported a 34% rise in quarterly revenue on Tuesday, helped by growth at its cloud computing and e-commerce businesses.
China's Alibaba Group Holding Ltd reported a 34% rise in quarterly revenue on Tuesday, helped by growth at its cloud computing and e-commerce businesses.
The following companies are expected to report earnings prior to market open on 08/03/2021. Visit our Earnings Calendar for a full list of expected earnings releases.Alibaba Group Holding Limited (BABA)is reporting for the quarter ending June 30, 2021. The internet company's con
The following companies are expected to report earnings prior to market open on 08/03/2021. Visit our Earnings Calendar for a full list of expected earnings releases.Alibaba Group Holding Limited (BABA)is reporting for the quarter ending June 30, 2021. The internet company's con