China-linked stocks climb on bevy of stimulus measures [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
The People's Bank of China (PBOC) has lowered interest rates and reduced the amount of cash banks must hold as reserves by 50 basis points. Reuters reported that in the coming weeks, cities Shanghai and Shenzhen are planning to lift key home purchase restrictions in the coming weeks, with more fiscal measures expected to be announced. The U.S. listing of Chinese e-commerce giants Alibaba Group rose 3.1%, while JD.com and PDD Holdings were up 3.9% and 5.8%, respectively. Chinese electric-vehicle maker Nio gained 6.2%, gaming company Bilibili rose 5.4% and search engine giant Baidu jumped 4%. Exchange-traded funds tracking the China market also jumped as domestic stocks notched their best week since 2008. The iShares MSCI China ETF rose 1.6% to its highest since February 2023, while the tech-focused KraneShares CSI China Internet ETF rose nearly 4%. If gains hold, the MCHI fund is on track to gain nearly 20% this week, its best since its launch in 2011, while KWEB is on tra
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BABA
Earnings
- 8/15/24 - Beat
BABA
Sec Filings
- 9/27/24 - Form 6-K
- 9/20/24 - Form 6-K
- 9/13/24 - Form 6-K
- BABA's page on the SEC website