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About Alibaba Group Holding Ltd - ADR

Alibaba Group's mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.
Yong Zhang

No.699 Wang Shang Road, Binjiang District
Hangzhou, Zhejiang 310052
Phone: 8657185022088


Alibaba Stock (NYSE:BABA): Exploring the Value in Its Diverse Segments
May 24, 2024 17:26pm

Chinese e-commerce behemoth Alibaba (NYSE:BABA) demonstrated robust momentum following its Q1-2024 results. It reached the $90 level that hadn’t be…

China’s latest AI chatbot is trained on President Xi Jinping’s political ideology
May 24, 2024 16:17pm

HONG KONG (AP) — China’s latest artificial intelligence chatbot is trained on President Xi Jinping’s doctrine, in a stark reminder of the ideological parameters that Chinese AI models should abide by. China’s cyberspace academy earlier this week announced the chatbot trained on Xi Jinping Thought, a doctrine which promotes “socialism with Chinese characteristics.” The chatbot was trained on seven databases, six of which were mostly related to information technologies provided by China’s internet watchdog, the Cyberspace Administration of China, or CAC. Xi Jinping Thought was the seventh database that the chatbot was trained on, according to a WeChat messaging service post by CAC’s magazine about the AI model. The Xi-trained large language model is the latest effort by authorities to spread the Chinese leader’s ideology and ideas. Students have had to take classes on Xi Jinping Thought in schools, and an app called Study Xi Strong Nation was also rolled out in 2019 to allow users to learn and take quizzes about his ideologies.

3 Tech Stocks Flying Under the Radar but Ready to Soar 50% Higher
May 24, 2024 15:00pm

Certain technology companies get all the attention and generate all the media headlines. This fact leaves many companies lurking in the shadows and off the radar screens of investors. This is a sorry state of affairs as it means that investors are missing out on great stocks , a lot of which can be purchased now at bargain prices even as they begin to rise again and post solid returns. Little-known stocks in the semiconductor, e-commerce, financial technology and cryptocurrency sectors are flying out of most investors’ view. But with a little curiosity and research , some diamonds in the rough can be unearthed. These include some former high-flying stocks that fell on hard times in recent years but are now staging a comeback and ripe for the picking. Here are three tech stocks flying under the radar but ready to soar 50% higher. Analog Devices (ADI) Source: Shutterstock Analog Devices (NASDAQ: ADI ) is a semiconductor company that doesn’t get a lot of attention. However, the company just reported better-than-expected earnings and lifted its forward guidance, sending its share price up 9% as a result.

Alibaba''s $4.5B Bold Move: Bonds, Buybacks, Bullish Bets
May 24, 2024 14:14pm

Alibaba Group Holding Ltd (NYSE: BABA ) (NYSE: BABAF ) announced plans to raise $4.5 billion through convertible bonds to fund share buybacks, amidst fierce competition and a slow Chinese economic recovery . The bonds, maturing in seven years with a 0.5% coupon, could increase to $5.0 billion if additional notes are exercised. The initial conversion price is set at $105.04 per American depositary share, a 30% premium over Thursday''s closing price of $80.80. More on the offering here: Alibaba To Raise $4.5B Through Convertible Bonds For Share Buybacks Amid Fierce Competition, Slow Recovery Despite this strategic move, Alibaba''s stock closed down 2.27% on Thursday, and saw a further premarket decline of … Full story available on

What''s Going On With Alibaba Stock On Friday?
May 24, 2024 11:35am

Alibaba Group Holding Limited (NYSE: BABA ) announced on Thursday that it has expanded its global cloud computing availability. The head of the unit''s international arm highlighted the company''s AI products as a growth driver. The Chinese technology giant has extended the availability zone of its cloud computing products to Mexico for the first time. Over the next three years, it plans to build new data centers in key markets, including Malaysia, Thailand, and South Korea, CNBC cited Selina Yuan, President of Alibaba Cloud''s international division, in an interview on Wednesday. Also Read: Alibaba Rival PDD Has Major Upside with New Market Openings and Rising Adoption: Analysts According to … Full story available on

AAPL Nears New All-Time High. Is Now the Best Time to Buy Apple Stock?
May 24, 2024 10:15am

Smartphone giant Apple (NASDAQ: AAPL ) has been on a bumpy road this year, but recent price momentum has been to the upside. Shares of AAPL stock now trade above $190 per share at the time of writing, and are closing in on their all-time high. If Apple can break through the $200 level, questions remain as to how high this tech stock could fly. That said, it hasn’t been all rainbows for Apple this year. The stock bottomed below $165 per share in April, meaning this recent move has been quite violent to the upside. The question many investors have is whether this rally is overdone, or if this momentum is worth buying into. Let’s dive into what to make of this madness right now. Boosting Sales in China Among the most key latest Apple developments is news that the smartphone maker will be cutting some prices on its iPhones to prepare for China’s 618 shopping festival. This move appears aimed at competing with local Chinese brands like Huawei. Notably, Alibaba and will offer about 20% off selected iPhone units.

Alibaba Cloud announces new Availability Zones, global investment to fuel AI innovation
May 24, 2024 10:01am

Gen-AI platform made available for international customers and enhanced partnerships announced for enriched eco-system to further support global customers Paris, France – Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced its plan to launch its first cloud region in Mexico, and to establish additional data centers in its key markets including […] The post Alibaba Cloud announces new Availability Zones, global investment to fuel AI innovation appeared first on Manila Standard .

Source:Manila Standard
Alibaba''s US$4.5 billion convertible bond sale ''oversubscribed'', as tech giant builds war chest to fund share buy-backs
May 24, 2024 09:30am

Alibaba Group Holding is selling up to US$5 billion worth of convertible bonds to fund its share buy-backs, as leaders of the Chinese tech giant declared e-commerce and cloud computing as its core businesses in a move "towards strategic clarity". The Hangzhou-based firm, which owns the South China Morning Post, said it expects to raise close to US$4.5 billion from initial sales, while giving purchasers the option to buy up to an additional US$500 million of notes, according to filings made to th

Source:Yahoo Finance
Alibaba open sources AI technology to support customer growth, exec says
May 24, 2024 08:58am

Selina Yuan, president of Alibaba Cloud''s international division, comments on how the firm has progressed with artificial intelligence and language models since 2018.

Alibaba Rival PDD Has Major Upside with New Market Openings and Rising Adoption: Analysts
May 23, 2024 18:43pm

PDD Holdings Inc (NASDAQ: PDD ) shares are trading higher after multiple analysts raised their price targets on the stock following the company''s first-quarter results. On Thursday, PDD reported fiscal first-quarter 2024 revenue growth of 131% year-on-year to $12.02 billion (86.81 billion Chinese yuan), beating the analyst consensus of $10.65 billion. The Chinese online retailer''s adjusted earnings per ADS of $2.83 (CNY20.72) increased from CNY6.92 Y/Y, beating the analyst consensus of $1.42. Benchmark analyst Fawne Jiang maintained PDD Holdings with a Buy and raised the price target from $220 to $230 . Jiang said PDD reported another blowout quarter, with revenue more than doubled and profit almost tripled year over year, substantially beating consensus expectations. The robust growth was bolstered by sustained high growth in the domestic marketplace and robust expansion of Temu internationally. More importantly, despite the strong GMV growth, Temu''s loss came down substantially, and its loss ratio narrowed notably to single …