Previous close | 2.3600 |
Open | 2.2900 |
Bid | 0.0000 x 40700 |
Ask | 0.0000 x 46000 |
Day's range | 2.1600 - 2.4500 |
52-week range | 1.3700 - 18.0100 |
Volume | |
Avg. volume | 48,835,663 |
Market cap | 11.045B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | -5.8380 |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 12.01 |
Shares of Alibaba (NYSE: BABA) soared 17.3% this week compared to where they closed out last Friday, according to data from S&P Global Market Intelligence, as Chinese-listed stocks rose on hopes the regulatory crackdown Beijing has been waging was coming to an end. Although there has been speculation for weeks that it would be easing, The Wall Street Journal reported that regulators are reportedly finishing their investigation into Didi Global (NYSE: DIDI) and will restore its apps to app stores soon. China began a crackdown on the tech sector two years ago after livestream gaming companies Huya (NYSE: HUYA) and DouYu (NASDAQ: DOYU) sought to merge, a deal that would give Tencent (OTC: TCEHY) an 80% share of the market as it owned stakes in both companies.
After a year-long investigation, Chinese authorities allowed these companies back on the country's app stores to resume growth.
(Bloomberg) -- A US-listed exchange-traded fund that tracks Chinese stocks drew in cash at a record pace after the easing of the nation’s Covid restrictions and signs Beijing is ending its year-long regulatory crackdown on tech companies.Most Read from BloombergTarget Tries to Save Itself by Putting Everything on SaleHedge Fund D1 Borrowed Billions for a Hot Bet That Now Faces ReckoningAmazon’s Stock Split Delivers More Than Bargained ForMusk’s Twitter Bid Includes Financier Linked to Russian Ty