Tag Archives: AlibabaBacked

By Scott Murdoch and Donny Kwok HONG KONG (Reuters) – Bilibili Inc, which is backed by Alibaba Group, closed 1% below its listing price in its Hong Kong trading debut on Monday as analysts said a U.S. regulatory crackdown on listed foreign firms hit enthusiasm for the Chinese online video site. It was the worst start in the city in six months by a major stock listing. Bilibili debuted 2.2% lower, and trade down by 6.7% before it recovered to close at HK$800 a piece. The company raised HK$20.2… Source link

TipRanks 2 “Strong Buy” FAANG Stocks to Watch Heading Into Earnings Big Tech has been in the news lately, and not necessarily for the right reasons. Accusations of corporate censorship have hit the headlines in recent weeks. While serious, this may have a salutary effect – the public discussion of Big Tech’s role in our digital lives is long overdue. And that discussion will get underway just as the Q4 and full-year 2020 financial numbers start coming in. Of the FAANG stocks, Netflix… Source link