BABA

(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 Bloomberg Greece Offers Bounty to Catch Ravenous Fish Lured by Warming Sea Chip Stocks Sink After Blistering Run as Oil Jumps: Markets Wrap Two Millennium Trading Pods Made About $3.7 Billion Last Month US Strikes Iran and Blocks Oil Sales in New Test of Truce China Sentences Official to Death Over $325 Million in Bribes The Hong Kong-listed stock jumped as much as 13.8% to rank among the top gainers on the Hang Seng Tech Index, which climbed about 5%. Rivals Tencent Holdings Ltd. and JD.com Inc. rose more than 4%. Market watchers cited reports of a pre-earnings update that Alibaba conducted for analysts as the main driver for Wednesday’s rally. The company described how losses in the hotly competitive instant-commerce business narrowed in the June quarter while overall profitability held steady, local media outlet Jiemian reported, citing unnamed sources. The company has only recouped a portion of the stock’s losses this year. China’s e-commerce pioneer had shed about a third of its value prior to Wednesday’s jump, reflecting a domestic economic downturn and worries about its ability to profit off AI. Alibaba representatives didn’t immediately respond to requests for comment. “Macro headwinds and softness in consumer sentiment are in the price, and we expect BABA to demonstrate solid execution during the quarter,” Jefferies Hong Kong Ltd. analyst Thomas Chong wrote. “For AliCloud, we expect it to accelerate YoY and perform better than expectations on strengths in AI demand.” The gains also coincided with an AI rotation trade that’s gathering pace across Asia, as investors pull money from chipmakers that powered this year’s rally in South Korea and Taiwan and hunt for cheaper ways to play the technology boom. Some are switching to the Chinese megacaps that had fallen out of favor in past months. --With assistance from Luz Ding. Most Read from Bloomberg Businessweek The Fun Shortage Is Real, and It’s Making America Miserable At 17, She Sued Meta and Google, and Won. Now She’s Ready to Tell Her Story Which Companies Actually Use AI? A New Index Has Answers ‘Southern Squeeze’ Grips US Cities Once Known for Affordability Dan Carlin...

Alibaba (BABA) jumped 9% and Baidu (BIDU) gained 5% as traders rotated out of South Korean and Taiwanese chipmakers into beaten-down Chinese tech. A pre-earnings briefing showing narrowing instant-commerce losses sparked the Alibaba move, after that unit drove EBITA down 84% to $740 million last quarter. Alibaba's Cloud Intelligence Group revenue grew 38% and AI-related revenue hit 30% of external cloud sales, reinforcing the bull case ahead of August 17 earnings. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Alibaba didn't make the cut. Grab the names FREE today. 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 are up 5% to $117.99, JD.com (NASDAQ:JD) shares are up 3% to $27.40, and PDD Holdings (NASDAQ:PDD) shares are up 2% to $84. Alibaba's Hong Kong-listed shares climbed as much as 12%, the biggest jump since September. Traders are rotating into beaten-down Chinese mega-caps after a sharp selloff in South Korea and Taiwan chipmakers, with the Kospi falling 5%. That regional shuffle is doing a lot of the work today, layered on top of a stock-specific catalyst at Alibaba. The specific spark came from a pre-earnings analyst briefing indicating that losses in Alibaba's highly competitive instant-commerce business narrowed last quarter, while overall profitability held steady. The report was first surfaced by local outlet Jiemian, and it landed in a market already primed for good news out of China. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Alibaba didn't make the cut. Grab the names FREE today. That matters because instant commerce has been the biggest drag on Alibaba's margins. The company's fiscal Q4 2026 report on May 13 showed adjusted earnings before interest, taxes, and amortization (EBITA) dropping 84% to $740 million on a $123 million operating loss, even as revenue grew to $35.3 billion. Any signal that the losses are slowing down changes the setup into the next earnings report. The AI and cloud story remains the other pillar of the bull case for Alibaba. The company's Cloud Intelligence Gr...

Investing.com -- A Tibet-born activist died after apparently setting himself on fire outside the United Nations headquarters in New York in what supporters described as a protest against China’s rule over Tibet, the Wall Street Journal reported. The man was identified by Tibetan activist groups as 52-year-old Lobsang Palden, a New York resident and former president of the Tibetan National Congress, New York, New Jersey. New York police said officers and emergency responders transported a severely burned man to a hospital on Thursday, where he was later pronounced dead. The apparent self-immolation is believed to be the first such protest in the United States linked to China’s control of Tibet, according to activist organizations. Similar acts have been carried out more than 160 times in Tibet and neighboring countries over the past two decades. The protest came one day after China enacted its new Ethnic Unity Law, legislation aimed at strengthening national cohesion among the country’s ethnic groups. Tibetan advocacy groups said Palden had publicly opposed the law in the days leading up to the incident. A spokesperson for the United Nations expressed condolences and said security personnel responded immediately to extinguish the flames. The organization added that authorities would determine the circumstances and motive behind the incident. Hundreds of supporters gathered outside the UN headquarters on Friday, where a makeshift memorial was established. Tibetan organizations also announced plans to hold vigils in several countries over the coming days. China’s Foreign Ministry said the incident should be handled under U.S. law and reiterated Beijing’s longstanding position that Tibet is an inseparable part of Chinese territory. The ministry also defended the new law, rejecting criticism that it undermines the rights of ethnic minorities. Related articles Tibet-born activist dies after self-immolation outside UN headquarters JPMorgan outlines ten strategic themes that could shape the outlook for 2026 As Claude disrupts stock market, Anthropic researcher warns ’world is in peril’

HONG KONG, July 3, 2026 /PRNewswire/ -- Home Control International Limited ("Home Control" or the "Company", together with its subsidiaries, the "Group"; Stock Code: 1747.HK) is pleased to announce that its Singapore headquarters and core operations team officially relocated in May 2026 to a new office at 6 Shenton Way, #27-10, OUE Downtown 2, situatied in the heart of Singapore's core business and technology hub. The Group marked the relocation with an office opening ceremony and ribbon-cutting celebration, symbolizing a new chapter in its corporate development and strategic expansion. More than just a new office address, the new headquarters reflects the Group's continued growth and its long-term commitment to advancing its next phase of business development. The new premises are surrounded by a diverse range of industry resources spanning healthcare, financial services, real estate, and technology and innovation, including neighbors such as Alibaba and Lippo Group. Notably, the Group has established a close relationship with Lippo Group, and the relocation is expected to unlock further synergies between the two parties in healthcare, resource integration and market expansion. This relocation also aligns with the Group's latest strategic initiatives. Following the completion of its board restructuring, the Group appointed several directors with backgrounds in healthcare, international capital markets and regional business expansion. Their industry expertise and international perspective are expected to strengthen the Group's strategic judgment, resource assessment and execution capabilities in its new AIoT home healthcare business segment. The Group believes the relocation will help improve regional operational efficiency and strengthen communication with industry partners, creating more favorable conditions for potential collaboration in healthcare, the AIoT home healthcare ecosystem and related cross-sector applications. Going forward, the Group will continue to leverage Singapore's international strengths, research resources and industry networks to accelerate the development of its ecosystem, driving long-term growth momentum and enhancing capital market value. About Home Control International Home Control International Limited (1747.HK) is a globally leading provider of home control solutions, headquartered in Singapore with a presence in North Americ...

(Bloomberg) -- Chip stocks are heading for their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go. Most Read from Bloomberg Yen Hits Four-Decade Low in Historic Slide That’s Rattled Japan Trump’s U-Turn on Iran Sanctions Would Unravel Decades of Curbs WhatsApp Opens Username Reservations to 3 Billion Users US Stocks Get Tech Boost After AI-Fueled Selloff: Markets Wrap Prabowo Risks Prompt Global Banks to Pull Cash Out of Indonesia “The story of the past six months is the market going all-in on AI infrastructure, but now people are asking if this is sustainable and if we should be worried,” said CJ Muse, senior managing director and technology analyst at Cantor Fitzgerald. The Philadelphia Stock Exchange Semiconductor Index has soared 81% in the second quarter, putting it on track for its best quarter ever with one day to go. The gauge is up 94% in 2026, which if it holds would mark its best year since the dot-com boom in 1999. In contrast, the tech-heavy Nasdaq 100 Index has gained 25% in the second quarter, while the S&P 500 Index has risen 14%. But just as the celebration is getting going, last week’s selloff provides a sobering wakeup call. The semiconductor index plunged 7.9% for its worst weekly decline since April 2025 as Wall Street increasingly questions the durability of the demand for chips. And there was more volatility on Monday, as the gauge swung from being down 3.2% to close up 3.8%. “The biggest concern is about whether hyperscalers will sustain and grow their investments beyond 2026,” said Muse, who doesn’t expect the spending spree to end anytime soon. Turbulence in chip stocks is nothing new, considering the group is highly cyclical with regular booms and busts. This latest run has been powered by AI demand, which remains robust. So far, the biggest spenders — Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Meta Platforms Inc. — are sticking to their aggressive plans. On the flipside, however, hardware makers like Apple Inc. have been forced to raise prices to account for the high cost of memory chips, pressuring their stocks as analysts worry about potentially weakening demand. And OpenAI is reportedly considering delaying its initial public offer...

US equity futures were higher pre-bell Thursday as oil prices fell to their lowest since the start o

HONG KONG, June 18, 2026--(BUSINESS WIRE)--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced that it filed its annual report on Form 20-F for the fiscal year ended March 31, 2026. The annual report can be accessed under the SEC Filing section on the Company’s investor relations website at https://www.alibabagroup.com/en/ir/secfilings. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Alibaba Group, 26/F Tower One, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong, S.A.R., the People’s Republic of China or via email at [email protected]. About Alibaba Group Alibaba Group is a global technology company focused on AI + Cloud and consumption. We provide the technology infrastructure and marketing reach to help merchants, brands, retailers and other businesses to engage with their users and customers and operate efficiently. We empower consumers and enterprises with our full-stack AI capabilities and services. Our AI technology based on Qwen (Chinese: Qianwen), a family of large language and multimodal models, powers the intelligence behind our services across enterprise solutions, e-commerce and other Internet platforms. View source version on businesswire.com: https://www.businesswire.com/news/home/20260618265499/en/ Contacts Investor Relations Contact Lydia LiuHead of Investor RelationsAlibaba Group Holding [email protected] Media Contacts Cathy [email protected] Ivy [email protected]

Mega IPOs from SpaceX, Anthropic, and OpenAI are already turning heads on Wall Street and Main Street, expected to fetch some of the steepest valuations in the history of U.S. markets. However, those banking on these IPOs being a guaranteed payday might want to revisit those assumptions. Despite all the buzz around these forthcoming listings, available market data suggests that major tech IPOs have produced less than optimal results. Recently, Truist's Keith Lerner took a look at 30 major IPOs in the software and tech space. Among the list were tech goliaths such as Facebook, Twitter, Alibaba, and others. Notably, all 30 of them experienced a significant drawdown at some point in their first year of trading, even if they showed strength out of the gate. The median year 1 drawdown was 54% for the firms listed. In other words, tech IPOs sometimes start hot, but very few stay hot. In fact, 12 months after IPOs, Lerner found that the median new listing lost 9%. Just 43% of those equities were in the green one year out from IPO. Separate data compiled by ValueAddVC.com's Trace Cohen looks at an even bigger stack of companies — 155 VC-backed firms, to be particular. Within that crop, the median 1-year return among 127 traditional IPOs was -6%. Cohen's analysis showed that while returns from tech IPOs circa 2010 to 2015 were especially strong, results have varied since. That might be due to more unprofitable firms testing the market than in the past. Not only that, but a large number of more recent IPOs have come at steep valuations, particularly the ones during 2020 and 2021, when zero-interest-rate policy (ZIRP) had a distorting impact on valuations. In fact, virtually all of the "biggest losers" on Cohen's list are from that era. Among them are total losses such as the $14.2 billion Wish (ContextLogic) IPO, the $5.7 billion Desktop Metal debut, and the failed $9 billion WeWork listing. Maybe the sole consolation is that, over the long run, the average total return of those 152 companies has been 388%. 90 of those firms are above their IPO price, and ones like Shopify (+10,924%) and Palo Alto Networks (+7,079%) have appreciated considerably since their listings. Available data shows that IPOs can generate quick speculative returns. However, as soon as the hype around a new listing dies down, so too does its value. That's important to remember as mega IPOs like Sp...

ShawSpring Partners reported a full exit from Shift4 Payments (NYSE:FOUR) in its May 14, 2026, SEC filing, selling 1,148,861 shares in a trade estimated at $63.41 million based on quarterly average pricing. According to the SEC filing dated May 14, 2026, ShawSpring Partners sold its entire stake of 1,148,861 shares in Shift4 Payments during the first quarter of 2026. The estimated transaction value was $63.41 million, based on the average unadjusted closing price for the quarter. The net position change, which includes both trading activity and price movement, was a decline of $72.34 million. Top holdings after the filing: As of Friday, Shift4 Payments shares were priced at $43.24, down 50% over the past year and significantly underperforming the S&P 500, which is instead up about 28%. Shift4 Payments offers integrated payment processing solutions, including omni-channel card acceptance, POS systems, eCommerce platforms, and business intelligence tools. The firm generates revenue primarily through transaction-based fees, software subscriptions, and value-added services for merchants and enterprise clients. It serves a diverse customer base across retail, hospitality, eCommerce, and entertainment venues in the United States. Shift4 Payments, Inc. is a leading provider of integrated payment and technology solutions, supporting businesses with secure transaction processing and advanced software tools. The company leverages its proprietary platforms to deliver seamless payment experiences and robust analytics capabilities. With a broad set of solutions serving retail, hospitality, eCommerce, and entertainment venues in the United States, Shift4 offers integrated payment processing, business intelligence, and comprehensive software tools. ShawSpring exited amid a brutal stretch for Shift4 stock, suggesting management's recent execution has not been enough to restore investor confidence. Management acknowledged the difficulty in its first-quarter letter to shareholders, saying the year began with “significant volatility” but touting that the business “performed resiliently” nonetheless. Gross revenue jumped 32% to $1.1 billion, while EBITDA climbed 63% to $183 million.Meanwhile, Shift4 continues to expand beyond its traditional restaurant and hospitality roots, pushing deeper into sports venues, entertainment, travel, and enterprise commerce. CEO Taylor Lauber out...

Uber’s AV Pivot: Growth Opportunity or Margin Risk? Baidu (NASDAQ:BIDU) reported a return to revenue growth in its first quarter of 2026, with management emphasizing that artificial intelligence has become the company’s primary growth engine and now accounts for a majority of its general business revenue. Co-founder and Chief Executive Robin Li said Baidu General Business revenue reached CNY 26.0 billion in the quarter, up 2% year over year. Revenue from the company’s core AI-powered business rose 49% year over year to CNY 13.6 billion, accounting for 52% of Baidu General Business revenue for the first time. → 3 Crucial Aerospace Component Makers That Analysts Love Why Alibaba's New 5nm Chip Could Be a Game Changer “This is an important milestone as AI-powered business has now become the majority of our revenue mix,” Li said. “Together, these results confirm that AI has clearly become the primary growth driver of Baidu, reinforcing our position as an AI-first company.” Li said AI Cloud Infrastructure revenue grew 79% year over year in the quarter, with GPU Cloud revenue accelerating to 184% year-over-year growth, following 143% growth in the prior quarter. He said demand is rising across both training and inference workloads, with inference growing particularly quickly. → 3 Stocks to Own If Gas Prices Keep Rising MarketBeat Week in Review – 01/05 - 01/09 Baidu attributed the momentum to its full-stack AI capabilities, including proprietary infrastructure, foundation models and applications. Li highlighted Kunlunxin, Baidu’s self-developed AI chips, saying the chips are seeing expanding demand from customers across industries and have been deployed in a single AI computing cluster of more than 30,000 accelerators. Dou Shen, executive vice president and president of Baidu AI Cloud Group, said in response to an analyst question that enterprise demand for AI infrastructure remains strong across sectors including aeronautics, autonomous driving, onboard AI, gaming and advanced manufacturing. He said Baidu is also winning customers in industries that historically had not been heavy users of AI or cloud computing, such as retail and IP-based consumer brands. → Peloton Stock Gives Back Gains After Upbeat Earnings Report Shen said GPU Cloud generally carries a better margin profile than traditional CPU cloud because of higher technical complexity, tight supply, stron...

This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) reports fiscal Q1 2027 results after the U.S. market close on Wednesday, May 20, with Wall Street expecting another quarter of exceptional AI-driven growth. Wall Street consensus sits at $79 billion in revenue and adjusted earnings per share around $1.81. That represents 82% year-over-year revenue growth and 135% earnings growth for a company valued at more than $5 trillion. The China question will dominate the call. H200 approvals are in place for buyers including Alibaba (NYSE:BABA), Tencent (TCEHY) and ByteDance, but no revenue has been recognized and Nvidia's guidance assumes zero China Data Center compute for the quarter. How quickly deliveries begin, and management's position on the U.S. government's revenue-sharing arrangement, will be one of the most consequential disclosures on the call. Investors will also look at forward Q2 guidance. Consensus for next quarter sits at approximately $87.2 billion, and a guide below that reads as deceleration even on a clean Q1 beat. The stock is up roughly 68% over the past twelve months.

Baidu stock climbed higher early Monday after the Chinese search engine company reported first-quarter results ahead of analyst expectations. Baidu said that it earned an adjusted 12.06 yuan per American depositary share for the March quarter, down 34% from a year earlier. Often compared to Google, Baidu was one of the quickest Chinese tech companies to embrace AI.