Alibaba Group Holding Ltd

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 3, 2024, in New York City. Angela Weiss | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayLabor market remains tightU.S. private sector jobs increased by 164,000 in December, according to payroll…

A Robosense Lidar camera sits on a Hanteng Auto e+ Pilot autonomous vehicle on display at the Auto Shanghai 2019 show in Shanghai, China, on Wednesday, April 17, 2019. China's annual auto show, held in Shanghai this year, opened to the media on April 16 amid the specter of an electric-car bubble and as the world's largest auto market trudges through its first recession in a generation. Photographer: Qilai Shen/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesShares of Alibaba-backed Robosense Technology fell…

 Ant Group Co. finished a procedure to remove controlling stakeholders almost a year after billionaire Jack Ma promised to cede his dominance of the Chinese finance giant. As part of the process, the People's Bank of China granted an application to remove any controlling shareholders at Ant's Chinese payment platform Alipay, according to a statement from the central bank. The bank now lists Ant's Alipay as a firm without an actual controller. Ma, co-founder of Alibaba Group Holding Ltd., announced his retreat from Ant…

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. Brendan Mcdermid | ReutersThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayNovember breatherU.S. stocks ended Thursday mixed, with the Dow Jones Industrial Average, the only major index to fall, snapping a…

 Look no further than China's biggest livestreamer for a snapshot of the country's flagging consumption outlook. Li Jiaqi, known as ‘Lipstick King' for his prowess in selling cosmetics, recorded sales of 9.5 billion yuan ($1.3 billion) on Oct. 24, the first day of the annual Singles' Day shopping festival that ended on Saturday, according to a Southern Metropolis Daily report, which didn't say where it got the information. That's down from last year's first-day tally of 21.5 billion yuan, it said. Separately, Caixin said…

Huawei's co-developed Aito electric car brand is now selling an updated version of the M5 model that comes with new driver-assist tech.Bloomberg | Bloomberg | Getty ImagesBEIJING — Companies in China are playing up assisted driving technology as a way to compete in the hot electric car market.Around the Shanghai auto show that kicked off last week, electric car startups and Chinese tech companies alike made several announcements about their driver-assist tech.It's not clear how powerful any of the announced features are —…

China stocks fell, dragged down by a slump in Chatbot-related companies that had surged amid speculative bets and despite data showing China's exports posted a surprise surge in March. China's blue-chip index CSI 300 closed down 0.7%, while the Hang Seng Index edged up 0.2%. Chinese outbound shipments rose 14.8% in March, snapping five months of declines, while imports fell a smaller-than-expected 1.4%, customs data showed on Thursday. However, analysts cautioned the improvement partly reflected suppliers catching up with…

Chinese e-commerce firm JD.com Inc reported a higher quarterly adjusted profit on Thursday as China lifted strict pandemic-related curbs late last year.The company's U.S.-listed shares rose 1% in premarket trading.JD.com's net income attributable to ordinary shareholders in the fourth quarter was 3 billion yuan ($430.92 million), compared with a net loss of 5.2 billion yuan a year earlier. Revenue rose 7.1% to 295.4 billion yuan in the three months ended December, missing analysts' estimates of 296.17 billion yuan,…

China's e-commerce market was valued at $2 trillion in 2022, according to GlobalData, and the country also has a rapidly growing middle class, making it an attractive market for American companies.Amazon entered the China market in 2004 through a $75 million acquisition of Joyo.com, an online book and media seller. The joint venture rebranded to Amazon China at the domain Amazon.cn in 2011.E-commerce giants Alibaba Group and JD.com, which both own and operate some of the largest and most trusted business-to-consumer…

Organon & Co: "I do not understand why this stock sells at five times earnings." Barrick Gold Corp: "I think the stock is breaking out here. ... What the heck is that stock still doing under $20? I can't make heads or tails of it."Jim Cramer's Guide to InvestingClick here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. Organon & Co: "I do not understand why this stock sells at five times earnings." Barrick Gold Corp: "I think the stock is breaking…