About Us
Pricing
Briefing
E-commerce Markets Asia

Alibaba Stock Falls Nearly 10% Despite Biggest Annual Shopping Event

By Juro Osawa
· · Source: The Information

Alibaba’s Hong Kong-listed stock plunged 9.8% Wednesday as investors continued to sell Chinese tech stocks due to concerns about the impact of China’s new antitrust rules. The e-commerce giant’s share price had already dropped 5.1% in Hong Kong and 8.3% in New York on Tuesday after the Chinese government unveiled draft regulations. The stock’s sharp decline overshadowed some of the...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Takeaway Venture Capital Startups
Founder Burnout and Why You Should Care
By Jessica E. Lessin · June 12, 2021 7:45 AM PDT
Before we dive into The Takeaway, I want to draw your attention to two quick things.First, thank you to everyone who has filled out our major tech comp survey. Many of you asked that we survey our community about the nitty-gritty of comp, benefits and performance reviews and how they are changing, and we obliged. The results have been pouring in and they’re fascinating. We’d be grateful if...
Latest Briefs
 
Thrasio in Talks to Go Public Via SPAC Merger
By Paris Martineau · June 11, 2021
Facebook Acquires Game Maker BigBox VR
By Mathew Olson · June 11, 2021
Palo Alto Networks Switches Chief Marketing Officers
By Kevin McLaughlin · June 11, 2021
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Bird CEO Travis VanderZanden. Photo by Bloomberg.
SPAC Boom Helps Tech Founders Cement Control
By Cory Weinberg and Sarah Krouse
When scooter-rental startup Bird goes public later this year, CEO Travis VanderZanden won’t have to worry about the firm’s uncertain prospects emboldening activist shareholders.
Disney CEO Bob Chapek. Photo by Bloomberg
Exclusive
Disney’s Cancellation of Hulu Overseas Push Triggers Feud with Comcast
By Jessica Toonkel
Tensions between Disney and Comcast over their joint ownership of Hulu are heating up. The two companies are feuding over Disney’s decision last year to not launch Hulu overseas, a move that Comcast believes undermined its growth potential and valuation.
Sequoia Capital's offices in Menlo Park, Calif. Photo: Bloomberg
Venture Capital Startups
Is Sand Hill Road Over? No. But Zoom Deals Are Here to Stay
By Kate Clark
When Andreessen Horowitz finishes construction on its new office in San Francisco’s SoMa neighborhood, its partners shouldn’t expect to find an assigned desk waiting for them.
Javier Soltero, general manager of Google Workspace, speaks during an online-only Google developer conference in May. Photo by Bloomberg
Exclusive Startups Google
Google Responds to Remote Work Boom, Microsoft With Workspace App Improvements
By Sarah Krouse
Like other companies, Google had never seen anything like the demand for its video-calling and other productivity tools until the pandemic, which suddenly turned a big chunk of the population into remote workers.
Monitors display Coinbase and Bitcoin signage at the Nasdaq in NYC. Photo by Bloomberg
Exclusive Crypto Venture Capital
Crypto Lender BlockFi in Talks to Raise Funding at $5 Billion Valuation
By Kate Clark
BlockFi, a wealth management and trading firm for cryptocurrency holders, is raising new funding just three months after its last round.
A supervisor holds checks an employee's badge during roll call at a Pegatron factory in Shanghai. Photo by Bloomberg
Exclusive Asia Apple
Some Apple Suppliers in China Tell Ethnic Minorities: Don’t Bother Applying For Jobs
By Wayne Ma
Some of the companies in China that supply Apple with parts for its devices are willing to use workers from the predominantly Muslim group known as Uyghurs, as part of government-sponsored labor programs widely criticized as coercive.