Category: Alibaba

  • Michael Burry Raises Alibaba Stake, Cuts Stock Portfolio in Half

    (Bloomberg) — Michael Burry, the hedge fund manager famous for his 2008 bet against the U.S. housing market and subsequent portrayal in the book and movie “The Big Short,” increased his stake in Alibaba Group Holding Ltd. while halving his overall stock portfolio in the second quarter. Most Read from…

  • CertiK Fortifies Its Blockchain Ecosystem With Alibaba Cloud Partnership, Moves Infra To Alibaba Cloud

    The blockchain ecosystem has seen significant growth in recent years, driven by the growing demand for secure, decentralized, and efficient distributed computing. As the industry continues to expand, the need for robust cloud infrastructure and comprehensive security solutions has become increasingly critical. CertiK, a leading blockchain security company, has recognized…

  • CertiK Fortifies Its Blockchain Ecosystem With Alibaba Cloud Partnership, Moves Infra To Alibaba Cloud

    The blockchain ecosystem has seen significant growth in recent years, driven by the growing demand for secure, decentralized, and efficient distributed computing. As the industry continues to expand, the need for robust cloud infrastructure and comprehensive security solutions has become increasingly critical. CertiK, a leading blockchain security company, has recognized…

  • Loop Capital bullish on Alibaba shares, cites revaluation optimism By Investing.com

    On Thursday, Loop Capital revised its forecasts for… Ali Baba (NYSE:) Group Holding Limited (NYSE:BABA) shares, increasing their price target for the company to $115 from $111, while reaffirming a Buy rating on the stock. The company’s analyst highlighted Alibaba’s potential for a positive valuation turnaround, after a long period…

  • Alibaba Health surges 13% on strong FY earnings By Investing.com

    Investing.com–Stocks Ali Baba Health IT (HK:) rose sharply on Tuesday after the company reported a sharp jump in its annual profits thanks to improving margins and strong demand for healthcare services and pharmaceuticals on its platforms. The company, which was acquired by e-commerce giant Alibaba Group (HK:) (NYSE:) in 2014,…

  • David Tepper Scoops Up Alibaba as Hedge Funds Hunt for Bargains in China

    (Bloomberg) — Billionaire investor David Tepper capitalized on faltering Chinese stocks last quarter while trimming his stakes in high-flying U.S. technology companies, leading hedge fund managers who are slowly warming to China amid a record gap in valuations between the two markets. Most read from Bloomberg Tepper’s Appaloosa Management doubled…