Why Alibaba Stock Closed at a 2-Year High on Wednesday
Shares of Alibaba Group listed in the U.S. extended their rally into Wednesday after reports that the Chinese tech and e-commerce giant is partnering with Apple to create artificial intelligence features for Apple products in China.
Downtrodden Alibaba stocks surge over 30% this year on AI hype
Once the most high-profile name in Chinese tech, Alibaba had several difficult years in the stock market — but the e-commerce giant could be headed for a turnaround. On Wednesday, Alibaba shares in Hong Kong climbed over 8% after The Information reported that it's working with Apple to roll out AI features for iPhones in China.
Alibaba’s Stock Surges After Investors Buy Into iPhone AI Hopes
Alibaba Group Holding Ltd.’s shares surged more than 7% after the Information reported that Apple Inc. has started working with the e-commerce pioneer to roll out artificial intelligence features in China.
Alibaba Stock Rallies To Two-Year High After Apple AI News
Alibaba stock rallied again in Wednesday morning trading, pushing shares of the China tech giant up toward a two-year high. A reported partnership with Apple is helping bolster confidence in Alibaba's AI strategy.
Alibaba Stock Surges After Apple Collaboration. Why China Tech Is Back In Style.
Apple sales have been struggling in China–iPhone revenue slumped 25% there in the fourth quarter–as the trade wars between the two biggest economies heated up.
3 Reasons to Buy Alibaba Stock Like There's No Tomorrow
Alibaba 's ( BABA 7.54%) stock closed at a record high of $306.16 on Oct. 27, 2020. At the time, investors were impressed by the Chinese e-commerce and cloud leader's wide moat, rapid growth rates, and its expansion into adjacent markets.
Alibaba Stock Surges as Apple Chooses Its AI for iPhones in China
Hong Kong-listed shares hit a four-month high on Wednesday, surging over 8% to HK$113.90, after reports of a strategic AI partnership with Apple Inc. (NASDAQ:AAPL). Apple
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Alibaba Group Holding Limited Sponsored ADR
Alibaba Group Holding Ltd. engages in providing ... The Core Commerce segment consists of platforms operating in retail and wholesale. The China Commerce segment includes China commerce retail ...
Will Apple's AI Partnership With Alibaba Solve Its China Problem? Here's What Analysts Think
Apple is reportedly partnering with Chinese e-commerce giant Alibaba to roll out Apple Intelligence features for iPhones in China.
Billionaire Investor Tepper’s Firm Loves China. Alibaba Is Its Biggest Bet.
David Tepper’s Appaloosa LP boosted its stakes in Chinese stocks during the fourth quarter and now counts Alibaba Group Holding as its largest position, according to a securities filing. The ...
Seeking Alpha25d
Alibaba Looks Promising Despite China's Overhanging Macro Issues
Alibaba's recent quarter showed strong ... which was offset by an 18% increase in wholesale revenue from China commerce and a 2% increase in customer management fees. Moreover, according to ...
Yahoo Finance23d
Alibaba Group Holding Limited (BABA): A Bull Case Theory
Alibaba Group, often dubbed the “Amazon of China,” has long been a dominant player in the e-commerce and technology sectors. While it shares similarities with Amazon, especially in its diverse ...
Forbes5mon
China Market Update: Alibaba, Tencent, & Meituan Are Buying Their Stock. Are You?
Asian equities were higher except for Mainland China on light volumes and little news as the US dollar strengthened overnight. Hong Kong grinded higher, led by volume leader Alibaba, following an ...
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China’s Alibaba Cloud Focus Of U.S. Government Probe: Report
The Biden administration is examining whether Alibaba Cloud, the cloud computing division of China-based e-commerce giant Alibaba, presents a national security risk to the United States ...