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Alibaba Surges 9% Ahead of Earnings, Baidu Gains 5% as Chinese E-Commerce and Tech Stocks Rally
24/7 Wall St.78d agobullish
Alibaba Surges 9% Ahead of Earnings, Baidu Gains 5% as Chinese E-Commerce and Tech Stocks Rally

Shares of Alibaba (NYSE:BABA) are up 9% to $106 and change in early Wednesday trading, leading a broad rally in Chinese internet and e-commerce names. Alibaba stock closed at $98.14 on Tuesday, and even after this morning’s pop the shares remain down 28% year to date. The move extends well beyond Alibaba. Baidu (NASDAQ:BIDU) shares ... Alibaba Surges 9% Ahead of Earnings, Baidu Gains 5% as Chinese E-Commerce and Tech Stocks Rally

Alibaba Jumps Nearly 10% As China AI Stocks Rally
Investor's Business Daily78d agobullish
Alibaba Jumps Nearly 10% As China AI Stocks Rally

U.S.-listed Alibaba Group (BABA) stock jumped nearly 10% in early trading Wednesday, leading a broader rally for China tech and AI stocks. Alibaba stock gained more than 8% to 106 in premarket trades on the stock market today. China search-engine leader Baidu (BIDU) is ahead nearly 5% at 117.38 while Alibaba' e-commerce rival JD.com (JD) climbed 3% to 27.33. Wednesday's...

Bloomberg78d agobullish
Alibaba’s Shares Jump Most in Ten Months as Earnings Hopes Grow

(Bloomberg) -- Alibaba Group Holding Ltd.’s shares surged the most since September, after investors turned optimistic on its earnings and shifted capital into major Chinese internet companies that had lagged the market.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthUS Strikes Iran and Blocks Oil Sales in New Test of TruceChina Sent

Michael Burry pulls back on massive Palantir short bet
TheStreet88d agoneutral
Michael Burry pulls back on massive Palantir short bet

Michael Burry is not a name the market ignores. The investor behind the "Big Short" trade that predicted the 2008 financial crisis has made his bearish stance on Palantir Technologies one of the more talked-about positions on Wall Street. Now, something has shifted. According to GuruFocus: Burry's ...

Michael Burry doubles down on beaten-down China tech
TheStreet89d agobullish
Michael Burry doubles down on beaten-down China tech

The man who predicted the 2008 housing crash is making another contrarian call, and this time his sights are set on China. Hedge fund manager Michael Burry, who became famous after the film "The Big Short" chronicled his bet against subprime mortgages, revealed on Thursday, June 25, that he added ...

Bloomberg94d agoneutral
Chinese Stocks in Hong Kong Rebound From Edge of Bear Market

(Bloomberg) -- A gauge of Chinese equities in Hong Kong trimmed losses, supported by a rotation into financial shares as investors shifted out of artificial intelligence-linked names.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USDOJ Rejects Judge Request to Certify $1.8 Billion Fund NixedTrump’s Fears About Economy Undercut US Leverage in I

Bloomberg104d agoneutral
Alibaba Bids $1.5 Billion for China Grocer in Meituan Fight

(Bloomberg) -- Alibaba Group Holding Ltd. is offering $1.5 billion to buy Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from online commerce rival Meituan.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE and Iran Meet Fa

Bloomberg106d agobearish
Paramount’s Middle East Billions in Warner Bid Get EU Probe

(Bloomberg) -- Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. is being reviewed under the European Union’s Foreign Subsidies Regulation, with regulators probing involvement of Middle Eastern funds helping to bankroll the takeover.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran After Helicopter Downed, Testing Peace TalksUS Launches Strikes Against Iran After Helicopter Shot DownStocks Pare Tech-Led Drop as Rota

JD.com's Ceconomy deal involves Chinese subsidies, EU regulators warn
Reuters119d agoneutral
JD.com's Ceconomy deal involves Chinese subsidies, EU regulators warn

Chinese e-commerce giant JD.com's $2.5 billion bid for German electronics retailer ‌Ceconomy may involve Chinese subsidies, European Union competition regulators ‌warned on Thursday as they opened a full-scale investigation into the deal. The ​acquisition will allow one of China's largest retailers to expand outside its home market via Ceconomy-owned electronic products retailers MediaMarkt and Saturn. The decision by the European Commission marks its first ‌in-depth probe of a ⁠Chinese deal under its Foreign Subsidies Regulation, which targets unfair foreign state aid and could ⁠require JD.com to offer concessions to address its concerns.

Bloomberg125d agoneutral
DeepSeek Founder Avows AGI Goal Ahead of $10 Billion Funding

(Bloomberg) -- DeepSeek’s senior management has told potential investors in its ongoing 70 billion yuan ($10 billion) funding round that the startup will prioritize groundbreaking AI research over short-term commercialization, people familiar with the matter said.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Iran in Talks With Oman Over Perm

Alibaba Targets Big AI Gains Even as Business Growth Falls Short
Bloomberg133d agoneutral
Alibaba Targets Big AI Gains Even as Business Growth Falls Short

(Bloomberg) -- China’s twin technology leaders reported revenue that fell short of estimates, signaling the challenges in translating higher AI spending into profits. Yet investors piled into Alibaba Group Holding Ltd. after the company declared it’s on track to triple revenue from artificial intelligence services.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Coun

JD.Com Analyst Raises Estimates On Recovering Profitability, Earnings Inflection
Benzinga134d agoneutral
JD.Com Analyst Raises Estimates On Recovering Profitability, Earnings Inflection

Shares of JD.Com Inc (NASDAQ:JD) surged on Wednesday after the company posted strong first-quarter (Q1) results. Benchmark analyst Fawne Jiang said the Q1 results and second-quarter outlook point to "a clear earnings inflection point," with profitability growth "firmly back on track." The JD.Com Analyst: Jiang, reiterated a Buy rating and raised the price target from $38 to $42. The JD.Com Thesis: Despite a challenging backdrop, the company delivered modestly better-than-expected revenue, margin

Alibaba, Tencent Disappoint Investors Hoping for Big AI Payoff
Bloomberg134d agobearish
Alibaba, Tencent Disappoint Investors Hoping for Big AI Payoff

(Bloomberg) -- China’s twin leaders in artificial intelligence reported revenue that fell short of estimates, disappointing investors who hoped their growing spending on AI would turbocharge growth.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyAlibaba Group Holding Ltd. post

JD.com (JD) Earnings A Test For Michael Burry’s Bull Thesis
Insider Monkey135d agoneutral
JD.com (JD) Earnings A Test For Michael Burry’s Bull Thesis

JD.com Inc. (NASDAQ:JD) is one of the 9 Stocks Big Short’s Michael Burry Is Betting On. On May 5, an SPDB analyst set a target price of HK$135 on JD.com Inc. (NASDAQ:JD) and maintained a Buy rating on the stock. This reflects a 14.5% upside from here on. Michael Burry usually backs stocks for much […]

JD.com Q1 Earnings Call Highlights
MarketBeat135d agoneutral
JD.com Q1 Earnings Call Highlights

JD.com (NASDAQ:JD) reported a faster pace of revenue growth and higher profitability in the first quarter of 2026, as gains in general merchandise, marketplace services and logistics helped offset continued pressure in electronics and home appliances. Chief Executive Officer Sandy Xu said total rev

China's JD.com reports 5% rise in quarterly revenue, beating estimates
Reuters Videos135d agobullishVIDEO
China's JD.com reports 5% rise in quarterly revenue, beating estimates

<body><p>STORY: JD.com beat first-quarter revenue and profit expectations on Tuesday.</p><p>It was seen as a positive sign by investors and shares rose about 1% after the update.</p><p>Subsidies from local governments have proved helpful to JD.com.</p><p>It's encouraged consumers to trade in old appliances and electronics, with JD.com the biggest retailer of these goods.</p><p>Markets watchers will want to see if Beijing's subsidy program can help the firm keep up its momentum.</p><p>Especially as tariff and consumer-demand pressure mounts.</p><p>JD.com's&nbsp;home Chinese market has long struggled with weak consumer confidence.</p><p>That's due to a property slump and higher tariffs imposed by the U.S. on many Chinese goods.</p><p>The U.S.-Iran war has also raised fuel prices and the cost living - which has hit consumer spending power.</p><p>JD.com said revenue for the quarter ended March was just under $46.5 billion - that was&nbsp;ahead of analyst forecasts.</p><p>However, higher costs hit net income.</p><p>JD.com has spent more on fulfilment&nbsp;costs, research and development as well as marketing.</p></body>