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2 mins read
'Big Short' investor Michael Burry boosts Alibaba, Baidu, and JD.com bets as he doubles down on China
Michael Burry's Scion Asset Management ramped up its bets on three Chinese tech giants but also hed…
Theron Mohamed
1 min read
JD.com plummets after Walmart sells its $3.6 billion stake in the Chinese retailer
Walmart acquired a 5% stake in JD.com in 2016 when it was seeking to level up its retail business i…
Matthew Fox
2 mins read
'Big Short' Michael Burry is long on China's Alibaba and JD.com these stocks are now a fifth of his portfolio
Burry's Scion Asset Management held $10.2 million worth of Alibaba shares and nearly $11 million wo…
Huileng Tan
2 mins read
'Big Short' investor Michael Burry reveals new bets on Alibaba, MGM, and JD.com
Burry's Scion Asset Management swapped out all but two of the holdings in its US stock portfolio, a…
Theron Mohamed
2 mins read
The billionaire founder of China's Amazon, JD.com, has dumped nearly $1 billion of company shares since stepping down as CEO 3 months ago
Richard Liu stepped down as CEO in April. Soon after, he began cashing out $1 billion worth of shar…
Weilun Soon
2 mins read
Alibaba jumps 12% as China approves new video games in a further sign Beijing is easing its tech crackdown
China reportedly approved 60 online video games, the most in nearly a year. Beijing has signaled it…
Carla Mozée
1 min read
Alibaba and other Chinese stocks get a boost after Shanghai lifts COVID-19 restrictions and officials unveil stimulus measures
Shanghai is offering tax incentives and subsidies to kickstart the local economy after two months o…
Carla Mozée
1 min read
US regulators reportedly are in China for talks about corporate audits as more than 100 companies face stock delistings
A larger team of US auditing regulators may go to China this year to conduct on-site inspections of…
Carla Mozée
1 min read
Alibaba soars 10% as Chinese tech stocks rally after Beijing signals it will pause crackdown on the sector and bolster economic growth
The rally was set off in the wake of a meeting by China's economic planning committee, the Politbur…
Carla Mozée
3 mins read
China's Instagram-like Xiaohongshu joins the tech layoff bloodbath, cutting about 10% of employees
Xiaohongshu said it's laying off up to 10% of its workforce. The cuts add to the tens of thousands …
Weilun Soon
1 min read
From Alibaba's Jack Ma to JD.com's Richard Liu: Here are China's 'old guard' tech founders who have walked away from leadership roles amid Beijing's tech crackdown
The crackdown has dented investor confidence and hurt company earnings. Last month, Alibaba and soc…
Weilun Soon
2 mins read
A fourth Chinese billionaire founder-CEO has stepped down as Beijing keeps up the pressure on its tech giants
E-commerce giant JD.com's founder Richard Liu is the latest to leave a tech leadership role in Chin…
Weilun Soon
2 mins read
China's Big Tech firms are sending congratulation notes for 'graduating' to employees they're laying off
"Happy graduation!" reads one note, adding: "Thank you for the companionship!"
Weilun Soon
2 mins read
China's e-commerce giant JD.com is reportedly laying off at least 400 workers, adding to massive layoffs seen at other major Chinese tech firms like Alibaba and Tencent
This series of layoffs comes as China's tech giants grapple with Beijing's crackdown on the sector,…
Weilun Soon
1 min read
Cathie Wood's Ark Invest boosts its JD.com stake after earnings beat, signaling it's bullish on Chinese tech stocks again
The star stock-picker's fund bought about 165,000 American Depositary Receipts in the e-commerce gr…
Shalini Nagarajan
3 mins read
The Jeff Bezos of China said he'll donate $2.3 billion to charity. He's the latest tech mogul pledging away billions in China's tech donation rush.
Richard Liu's planned donation comes after similar promises from other prominent Chinese tech found…
Weilun Soon
1 min read
Alibaba, JD.com are among the Chinese stocks reportedly being targeted by US auditors for inspection next month
The US Public Company Accounting Oversight Board Review requested to review materials from the most…
Brian Evans
2 mins read
Chinese e-commerce site JD.com surges 17% as the company reports record user growth in the 2nd quarter and plays down impact of tech crackdown
Some international investors seemed to be wading back into Chinese tech stocks on Tuesday, with big…
Ethan Wu
2 mins read
Chinese tech giants sink on report China is considering a state-backed company to oversee tech data
Chinese tech giants fell on Wednesday after reports said the PBOC is considering establishing a joi…
Will Daniel
1 min read
Alibaba, JD.com, and other US-listed Chinese stocks climb following report the US is near a deal for audits of Chinese firms
The US may soon conduct inspections of auditing firms that work with US-listed companies from China…