Express News | Alibaba (BABA.N) fell more than 1% after the company completed a $10 billion share placement in Hong Kong.

BreakingsAug 24 21:33

Express News | Alibaba (BABA.N) announced the pricing for its HK$80 billion share placement, involving the subscription of 710,000,000 new shares at HK$112.70 per share. The placement is expected to be completed on August 26, 2026.

BreakingsAug 24 06:08

Express News | "The Big Short" protagonist Michael Burry believes that Alibaba is currently overvalued.

Michael Burry, the real-life inspiration for the film "The Big Short," revealed that Alibaba (BABA.N) is now overvalued. He has recently sold all his holdings to switch positions into JD.com (JD.O). Although he originally planned to repurchase most of his Alibaba shares within one or two months, his strategy has changed; he will not be interested unless Alibaba's stock price drops by half. Regarding Alibaba's recent announcement of a share placement to raise approximately HK$80 billion for investment in artificial intelligence, Burry admitted that he cannot support this capital raising effort.

BreakingsAug 24 05:28

Express News | Barclays raises Alibaba's price target from $195 to $200

Barclays: Raised the target price for Alibaba (BABA.N) from $195 to $200.

BreakingsAug 21 18:48

Express News | U.S. stocks opened lower, with the Dow Jones Industrial Average down 0.6%, the S&P 500 Index down 0.3%, and the Nasdaq Composite down 0.5%. Micron Technology (MU.O) rose 0.4% as the company intensified its R&D efforts in memory chips in the United States, planning a $10 billion investment over the next decade. Walmart (WMT.N) fell 7% after reporting same-store sales growth for the second quarter at a six-year low, with full-year earnings guidance falling short of expectations. SK Hynix (SKHY.O) gained 4% following the preliminary agreement on wages between labor and management. Alibaba (BABA.N) dropped 4.7% after its earnings release, while NetEase (NTES.O) declined 0.5% post-earnings.

BreakingsAug 20 21:30

Express News | Following Alibaba's (BABA.N) earnings release, U.S. stocks fell more than 3% in pre-market trading.

BreakingsAug 20 17:36