↘️ JD.com (JD), Alibaba Group Holding (BABA), NIO (NIO): American depositary receipts tied to several Chinese companies slipped premarket after Ho

On October 2, 2023, it was reported that Osborne Partners Capital Management LLC has increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 11.4% during the second quarter of this year. According to their most recent 13F filing with the Securities and Exchange Commission, the investment firm now owns 67,506 shares of Alibaba’s stock, […] The post Osborne Partners Capital Management LLC Increases Stake in Alibaba Group Holding Limited, Supporting Long-Term Growth and Innovation appeared first on Best Stocks .

Alibaba plans to seek a Hong Kong listing for its fast-growing Cainiao logistics arm. Read more about BABA stock here.

In this article, we will be taking a look at the 5 best cloud computing stocks heading into 2024. To read our detailed analysis of the cloud computing industry, you can go directly to see the 15 Best Cloud Computing Stocks Heading into 2024. 5. Alibaba Group Holding Limited (NYSE:BABA) Number of Hedge Fund Holders: […]

Veteran emerging markets investor Mark Mobius says Alibaba and Tencent are the "foundation stocks" that should be included in any portfolio investing in developing economies.

Fisker (NYSE: FSR ) stock is in the news Friday after the electric vehicle (EV) company raised $150 million from an existing investor. According to the EV company’s press release, it issued $170 million worth of 0% senior unsecured convertible notes due 2025 to an existing institutional investor. The notes were offered at a 12% discount, which is why the total raised comes to $150 million. In addition to this, Fisker notes it also has the option to offer another $623,333,334 in 0% senior unsecured convertible notes. Yet again, this would include a 12% discount, which would see it raise $550 million if it exercises this option. Fisker notes that the new funding it has secured will allow the company to continue its operations. It plans to use the money to “to accelerate deliveries, expand growth, and expedite the company’s vehicle programs.” How This Affects FSR Stock Investors aren’t reacting much following the news of this fundraising from Fisker. As of this writing, more than 4 million shares of the stock have changed hands.

GigaCloud Technology (NASDAQ: GCT ) stock is on the move Friday after the end-to-end e-commerce service company was hit with a short report. Culper Research is behind that short report that has shares of GCT stock in the news today. The short report claims that the company overstates its business and calls out its claims to have utilized artificial intelligence ( AI ) to improve its supply chain. Here’s what Culper Research said about GigaCloud Technology in its thread on social media platform X announcing its short report. “GCT exhibits classic hallmarks of past “China Hustle” implosions: Cayman incorporation, Chinese auditor, cash held offshore despite US operations and USD financial statements, and very little interest income despite supposedly large cash balances.” GCT Stock Jumps Despite Short Report Even with this short report, shares of GCT stock are on the rise Friday. That increase comes after the company came out with a statement against the short report, as collected from Seeking Alpha . “The report demonstrates a fundamental lack of understanding of the company’s business and financial condition.

Alibaba stock is down 70% since its all-time high but the business has become better. Is BABA stock a buy?

Chinese stocks are on the rise Friday after regulators in Beijing commented on potential changes to data information rules. Regulators in Beijing have said that China may be willing to ease up on restrictions surrounding data. That means that tech companies wouldn’t have to worry about as strict of rules when it comes to transferring data between countries. In addition to this news, Chinese stocks are also rising alongside positive comments from Goldman Sachs . Kinger Lau, Chief China Equity Strategist and Managing Director at the firm, expects the Chinese stock market to improve near the end of 2023. Let’s check into how these two pieces of news are affecting Chinese stocks below! Chinese Stocks Up on Friday Alibaba (NYSE: BABA ) stock starts off our Chinese market coverage today with shares climbing 2.5% as of Friday morning. That comes as 2.4 million shares change hands, as compared to a daily average of 16.7 million. Nio (NYSE: NIO ) shares are next on our list as the Chinese electric vehicle (EV) company’s stock jumps 1.1% today.

China''s cyberspace regulator''s proposal is seen as a move to boost business activity and is particularly good news for the country’s multinational companies.