China hits Alibaba affiliate Ant Group with $985 million fine for violating various regulations
China’s central bank hit Alibaba affiliate Ant Group with a 7.12 billion yuan fine ($985 million) on Friday. The People’s…
Stocks making the biggest premarket moves: Levi Strauss, Biogen, Alibaba and more
Check out the companies making the biggest moves before the bell: Levi Strauss — The apparel retailer fell 7.7% after…
Before Apple’s Vision Pro hits the shelves, lower-priced rival Xreal claims it’s near 200k shipments
BEIJING — Less than a year since augmented reality glasses startup Xreal started sales, the Alibaba-backed company is claiming shipments…
Stocks making the biggest moves midday: Tesla, Rivian, XPeng and more
Check out the companies making headlines in midday trading. Electric vehicles — Electric vehicle makers such as Rivian Automotive surged…
Stocks making the biggest moves in the premarket: Tesla, Apple, AstraZeneca and more
Check out the companies making headlines in premarket trading. Tesla — Tesla shares popped nearly 7% after the electric vehicle…
Stocks making the biggest moves midday: Goldman Sachs, Avis, Rivian, Nike and more
Check out the companies making headlines in midday trading. Goldman Sachs — Shares declined 2.2% in midday trading. This past…
Stocks making the biggest premarket moves: Alibaba, Dice Therapeutics, Avis and more
Check out the companies making the biggest moves in premarket trading. Alibaba — U.S.–listed shares fell 2.3% after the China…
What one key business indicator is saying about China’s consumer recovery
BEIJING — Businesses in China are spending cautiously on advertising this year as local consumption isn’t expected to bounce back…
Consumers are starting to fire up China’s pandemic-battered economy, two ETF experts find
China’s pandemic-battered economy is starting to see consumers open their wallets wider, according to KraneShares’ Brendan Ahern. “We’re seeing the…
China’s A.I. chatbots haven’t yet reached the public like ChatGPT did
BEIJING — More than two months since the ChatGPT craze hit China, a similar artificial intelligence-based product has yet to…
