Tag Archives: baba

Alibaba Subject Of SEC Inquiry About China Probe

Chinese e-commerce giant Alibaba (BABA) said late Friday it has received a request from the U.S. Securities and Exchange Commission for more information about its interactions with a Chinese regulator, presumably about fake goods sold on its websites. Alibaba issued a statement saying that the SEC asked for “background facts and other information related to our interaction with one of our Chinese regulators, the SAIC, and related matters.” The SEC

Baidu Didn’t Find Great Wall Of Support At 200-Day

Chinese search leader Baidu (BIDU) didn’t find support at the 200-day line on Thursday as it broke below that moving average. Fellow Internet giant Alibaba (BABA) made gains in the market, but it’s still trading at a four-month low. Watch this video for chart analysis of Baidu and Alibaba. Follow Alissa Williams on Twitter: @IBD_AWilliams.

Alibaba, Tencent Participate In Taxi-Hailing Merger

The two leading taxi-hailing apps in China reportedly are in merger talks, with archrivals Alibaba (BABA) and Tencent Holdings playing roles in the outcome, apparently teaming up against another major rival, Baidu. The combination of Kuaidi Dache, backed by Alibaba, and Didi Dache, backed by Tencent (TCEHY), would create a dominant ride-hailing leader. The two taxi-hailing companies are said to be in advanced talks, though a merger would