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U.S. stock index futures rose on Thursday ahead of a shortened trading session on hopes of a gradual economic rebound, while Alibaba slumped after China launched an antitrust investigation into the e-commerce giant.
(RTTNews) - Alibaba Group Holding Limited (BABA) said the company has received a notice of investigation from the State Administration for Market Regulation of the People's Republic of China. The SAMR has commenced an investigation against Alibaba pursuant to the Anti-Monopoly La
(RTTNews) - Chinese online retail giant Alibaba Group Holding Ltd. is facing a domestic investigation for suspected monopolistic behavior, multiple reports said. The e-commerce giant's fintech affiliate Ant Group Co. has also been summoned to meet in coming days over financial re
China's blue-chip stock index and Hong Kong shares inched higher on Thursday morning as progress in Brexit talks lifted sentiment globally, although Jack Ma's Alibaba Group tumbled after Beijing launched an anti-monopoly probe.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Core MSCI Emerging Markets ETF, which added 22,200,000 units, or a 2.1% increase week over week. Among the largest underlying components
A recession and global pandemic were terrible for the world in 2020; however, it was also probably an ideal scenario for both discount retailers and e-commerce companies. So when you fuse both of those elements together in a single business model, and mix it with one of the highe
The year 2020 has been the most impactful one in recent memory, largely because of the COVID-19 pandemic. Many industries, including airlines, hotels, and retail, saw much of their business come to a screeching halt almost overnight in late February and March. While things have s
President Donald Trump on Friday signed legislation that would kick Chinese companies off U.S. stock exchanges unless they adhere to American auditing standards, the White House said, giving the Republican one more tool to threaten Beijing with before leaving office next month.
iQiyi's (NASDAQ: IQ) stock recently plunged to a six-month low after it priced an $800 million convertible debt offering and a new ADS (American Depositary Share) offering of 40 million shares. Both transactions are expected to close by Dec. 21.Its $800 million offering in conver
Lately, I've been diving into Jumia Technologies due to its rising popularity over the past month. I've written stories about how it makes money, its most popular product, and I explored its game-changing move of pivoting from being an e-commerce retailer to an e-commerce platfor
Fashion label Gucci will open two flagship stores on Alibaba's online luxury shopping platform, underscoring the importance of the Chinese market for high-end brands seeking to reverse a revenue slide due to the coronavirus pandemic.
Alibaba Group said it will not allow its technology to be used for targeting and identifying specific ethnic groups, following a report that its facial recognition technology can pick out Uighur minorities. [nL1N2IX0KT]
Reuters
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