Wall Street flat as energy stocks limit declines in growth sharesFive of the 11 major S&P 500 sector indexes were trading higher, with energy up 1.6% as crude prices jumped amid expectations that OPEC+ wo...
29 Nov, 2022, 10.40 PM IST
US stock market: Dow Jones, Nasdaq end down sharply, hit by Apple and China worriesShares of the Cupertino, California tech giant lost 2.6% and weighed heavily on the benchmark S&P 500 index as worker unrest at the world's...
29 Nov, 2022, 06.53 AM IST
Wall Street rises on gains in Walgreens, Best BuyAt 10:07 a.m. ET, the Dow Jones Industrial Average was up 267.99 points, or 0.80%, at 33,968.27, the S&P 500 was up 19.71 points, or 0.50%,...
22 Nov, 2022, 11.18 PM IST
Temasek hikes stake in ecommerce companies Amazon, PinduoduoTemasek, among the biggest investors in the world with major investments in Singapore Airlines, DBS Group and others, first disclosed a sta...
16 May, 2022, 06.10 PM IST
Alibaba looks to expand its Southeast Asian arm Lazada to EuropeThe move comes months after Alibaba's logistics arm, Cainiao, opened a central hub for European sales in Belgium.
28 Apr, 2022, 01.14 PM IST
Chinese regulators ask some US-listed firms to prepare for audit disclosuresAs part of that move, the China Securities Regulatory Commission (CSRC) and other regulatory agencies earlier this month summoned top inter...
23 Mar, 2022, 09.02 AM IST
Alibaba’s grocery chain Freshippo considers funding at $10 billion valueThe separate fundraising raises the prospect that Alibaba may consider spinning off the chain as a separate business, unlocking some of the...
14 Jan, 2022, 10.20 AM IST
China’s tech moguls see $80 billion of wealth evaporate in 2021The country’s 10 richest tech tycoons lost $80 billion in combined net worth in 2021, according to the Bloomberg Billionaires Index, amid w...
30 Dec, 2021, 02.51 PM IST
Wall Street ends sharply lower as pandemic fears resurgeThe blue-chip Dow was pulled down by industrial and financial companies sensitive to economic growth, with Boeing Co and Goldman Sachs each...
13 Nov, 2020, 06.42 AM IST
You think FAANG is distorting the S&P? Consider ATMAt this rate, instead of buying passive funds that track the MSCI index, investors might as well just pile into China’s version of FAANG, k...
01 Sep, 2020, 09.00 AM IST
Alibaba Q1 results: Beats estimates as pandemic fuels online, cloud computing demandSales from Alibaba's core commerce business jumped 34% to 133.32 billion yuan ($19.27 billion) in the first quarter ended June.
20 Aug, 2020, 06.06 PM IST
Why are US stocks keeping Chinese investors awake at night?Traders are being drawn by global brands like Apple and Tesla, as well as local names such as Pinduoduo and Bilibili.
16 Aug, 2020, 11.34 AM IST
Mark Zuckerberg’s fortune surpasses $100 billionThe staggering numbers have put Big Tech under increased scrutiny, with Zuckerberg, Bezos, Apple Inc. Chief Executive Officer Tim Cook and ...
07 Aug, 2020, 08.32 AM IST
Tencent's 48-yr-old Pony Ma dethrones Jack Ma to become China's richestPony Ma overtook real estate tycoon Wang Jianlin as China’s second-richest person in 2013.
24 Jun, 2020, 05.04 PM IST
Dow Jones dips as US-China tensions add to economic woesThe Dow Jones Industrial Average was down 137.22 points, or 0.56 per cent, at 24,336.90.
22 May, 2020, 09.57 PM IST
Alibaba revenue, profit beat as online sales surge during lockdownAlibaba's overall revenue rose to 114.31 billion yuan ($16.02 billion) in the quarter ended March 31 from about 93.50 billion yuan a year e...
22 May, 2020, 05.44 PM IST
E-commerce upstart wants its data back from AlibabaPDD’s in-house system now hooks up and shares information, such as unique identifiers for individual products, between merchants, couriers ...
28 Aug, 2019, 11.03 AM IST