Alibaba Group Holding Ltd

Alibaba reported fiscal first-quarter earnings on Thursday that beat expectations, sending its stock higher.The Chinese e-commerce giant's U.S.-listed shares jumped as much as 6% and closed the session 1.8% higher.Here's how Alibaba did in its fiscal first quarter, versus Refinitiv consensus estimates: Revenue: 205.55 billion Chinese yuan ($30.68 billion) vs. 203.19 billion yuan expected, remaining flat year-on-year.Earnings per American depositary share (ADS): 11.73 yuan vs. 10.39 yuan expected, down 29% year-on-year.Net…

A Burger King restaurant seen in Milton, Pennsylvania.Paul Weaver | SOPA Images | LightRocket | Getty ImagesCheck out the companies making the biggest moves in midday trading on Thursday:Coinbase — Shares of the cryptocurrency exchange jumped about 15% after the company announced a partnership with BlackRock, the world's largest asset manager, that will allow its institutional clients to buy bitcoin. The ticker COIN also became one of the most mentioned names on Reddit's WallStreetBets forum, according to Quiver…

XPeng is still focused in boosting the sales of its electric cars. But it has been focusing on building out future businesses in flying cars and robotics.Qilai Shen | Bloomberg | Getty ImagesChinese e-commerce giant Alibaba and electric vehicle startup Xpeng are opening a computing center to train software for driverless cars, the two companies said Tuesday.Autonomous driving systems require huge amounts of data to be processed in order to train algorithms.Xpeng claims that the new computing center will reduce the…

Boeing Co: "I'm not going to recommend stocks that lose money with really bad balance sheets. And that's what they do."United States Steel Corp: "There is too much negativity on steel right now. The one you would buy is Nucor, and it has to come down a little bit more."Synopsys Inc: "I've always like Synopsis. ... I do believe the semiconductor stocks have come down too much, and there are other semiconductor companies that I think are cheaper to buy than that one."Tenneco Inc: "I'd be very careful. ... I do not have a…

BMW's iX electric SUV in China was the first global car brand to include the automobile version of Tencent's WeChat messaging app, according to the Chinese tech company.TencentBEIJING — Chinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China's massive electric vehicle market.BMW and some U.S. automakers are already working with Tencent, Liu Shuquan, vice president of Tencent Intelligent Mobility, which is part of Tencent's cloud business.…

Chinese regulators have been looking to clean up the country's popular livestreaming industry. This includes rules around what online influencers can and can't say and the topics that are off limits.Costfoto | Future Publishing | Getty ImagesOnline influencers in China must now have a qualification to talk about certain topics such as law and medicine, regulators said Tuesday.For content that requires a "higher professional level," livestreamers must hold a corresponding qualification to talk about those subjects, China's…

Across five major e-commerce platforms' GMV, Alibaba's market share fell by 6% in the first quarter versus the fourth, according to Bernstein analysis.Str | Afp | Getty ImagesBEIJING — Alibaba was once the poster child for investing in modern China. Now the e-commerce market that fueled its growth is slowing, while new players eat away at Alibaba's market share.That's reflected in the stocks' performance since an apparent bottom in sentiment on major Chinese internet names in mid-March.Pinduoduo shares have more than…

China's annual 618 shopping festival sees domestic e-commerce giants including JD.com rack up billions of dollars of sales across their platforms. The 2022 edition comes against a backdrop of slowing economic growth in China and sluggish consumer spending.VCG | Getty ImagesRegulation on China's technology sector is not loosening, it's just becoming more "rational," a top executive at e-commerce firm JD.com told CNBC.Over the past 16 months, Beijing has enacted sweeping regulation on the internet industry, a move that has…

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong…

Ant Group, founded by billionaire Jack Ma, scrapped its IPO in November 2020 after regulators flagged concerns with the company. Since then, the company has been ordered to rectify its business. Ant Group said that a revived IPO is not on the cards yet.Costfoto | Future Publishing | Getty ImagesAlibaba shares dropped 8% on Thursday after financial affiliate Ant Group said it currently has no plans to revive an IPO, and a key regulator said it had not conducted an evaluation on a potential listing.The planned IPO of Ant…