Tag: Alibaba Group Holding Ltd. ADR
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Alibaba’s stock is ‘still very cheap,’ but Bernstein now wonders if it’s a value trap
[ad_1] Alibaba Group Holding Ltd. shares might be a “value trap,” according to an analyst who just downgraded them. Bernstein’s Robin Zhu acknowledged that Alibaba shares 9988, +2.64% BABA, +0.65% are “still very cheap,” but he worries that competitive issues and a tough marketing climate will make it difficult for them to appreciate from here.…
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Dow ends down 200 points as investors eye Powell’s comments Wednesday
[ad_1] U.S. stocks closed lower Tuesday, trimming last week’s gains which took indexes to the highest levels in more than a year, as investors await testimony from Federal Reserve chair Jerome Powell to Congress this week as data suggests the economy remains healthy. How stocks traded The Dow Jones Industrial Average DJIA, -0.72% ended down…
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Alibaba’s Zhang to step down as CEO, chairman amid business shakeup
[ad_1] Alibaba Group Holding Ltd. is shaking up its leadership, with Daniel Zhang planning to step down from his roles as both chairman and chief executive. Joseph Tsai, Alibaba’s 9988, -1.62% BABA, -0.11% current executive vice chairman, will take on the chairman position effective Sept. 10, the Chinese e-commerce giant announced Tuesday. Eddie Yongming Wu,…
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Why Alibaba’s business shakeup isn’t helping its stock
[ad_1] Alibaba Group Holding Ltd. is moving quickly to split up its business in a bid to unlock more value for shareholders, but the company’s broader challenges continue to drag the stock down. Even as Alibaba BABA, -2.09% signaled board approval for a spinoff of its cloud-computing business, with more likely spinoffs down the road,…