A weakened China economy might not slow the bold ambitions of China’s largest Internet companies heading into 2016, despite the stock market’s freefall to start the year. Alibaba (BABA), Baidu (BIDU), JD.com (JD) and Tencent Holdings (TCEHY) all invested heavily in 2015, in fields that include entertainment, ride sharing, retail, logistics and online banking. While each dominate their core markets, all four took steps that encroached on each
Turmoil in China stocks continued Thursday as a sharp devaluation of the yuan triggered a selloff in U.S.-traded China tech stocks for the second day this week. Among those taking hits, Alibaba (BABA), Baidu (BIDU) and Weibo (WB) shares were all down 6%, while NetEase (NTES) and JD.com (JD) were down 5% in afternoon trading on the stock market today. China’s CSI 300 Index, which tracks blue chip stocks on the Shanghai and Shenzhen markets, plunged
Today’s Screen Of The Day is Young Guns, highly rated companies that have come public in the last 15 years. Today’s list includes four top performers that are in the midst of changes that could set their pace for the coming year: Avago Technologies (AVGO), Facebook (FB), Google parent Alphabet (GOOGL) and Alibaba Group (BABA). Avago Technologies Singapore-based chipmaker Avago Technologies provides semiconductors for the Apple (AAPL) iPhone, and