Today’s Screen of the Day is Top Fundamentals: Stocks with superior three-year earnings and sales growth. Here’s a look at two “comeback stories” in the group. After falling well off its high,Alibaba (BABA) is getting closer to retaking its 50-day line, which just started showing up on its chart less than two months ago. The e-commerce giant and fellow Chinese Internet company Tencent (TCEHY) have had an ongoing battle to expand their reach over
Alibaba (BABA) said Wednesday that it’s taken a majority stake in AdChina, the company that runs China’s largest independent digital ad platform, to expand its online and mobile marketing capabilities in the Chinese market. Alibaba shares fell 2.4% to 98.32 in afternoon trading on the stock market today, at its lowest levels since the end of October. Alibaba’s stock blew out of an IPO base in late October, soaring to 120 on Nov. 13. Since then the
China’s Alibaba Group (BABA) will collaborate with the U.S. Consumer Product Safety Commission to block the sale of banned or recalled goods to U.S. consumers that were bought via Alibaba websites, the U.S. agency announced Tuesday. CPSC Chairman Elliot Kaye says that Alibaba has agreed to create a direct channel of communication with commission staffers concerning such goods. Where requested, the Chinese e-commerce company will quickly block