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Alibaba Shares Soar 18.5% On Strong AI And E-Commerce Outlook
Shares of Alibaba surged 18.5% in Hong Kong on Monday as investors were encouraged by Chinese web giant’s progress in AI and its core e-commerce business despite a sizzling price war in the food-delivery sector that is hurting its profitability.
Alibaba Group Holding Ltd (NYSE: BABA) saw its Hong Kong-listed shares surge by over 19% on Monday amid strong quarterly ...
Hong Kong has ambitious plans to tap into the $3.8 trillion digital assets market with new legislation that will allow licensed business to issue stablecoin, a cryptocurrency pegged to real-world ...
Alibaba shares surged after the Chinese tech giant reported robust revenue gains in its cloud and AI-related product revenue.
A primary listing in Hong Kong would allow eligible mainland Chinese investors to purchase Alibaba shares through a stock connect program.
Alibaba's listing would boost Hong Kong's status as a major capital markets hub. After topping global rankings in 2018 for funds raised through IPOs, the city's bourse fell behind the New York ...
This month, Alibaba got approval for a primary listing on the Hong Kong stock exchange. Read how this can be the catalyst we need for BABA stock ...
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