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What's Going On With Alibaba And Peer Chinese Stocks On Wednesday?

Benzinga LogoBenzinga10h ago

What's Going On With Alibaba And Peer Chinese Stocks On Wednesday? - Benzinga

Quick Summary:

Alibaba Group Holding Limited (NYSE:BABA) and its peers, including Baidu, Inc (NASDAQ:BIDU), PDD Holdings Inc (NASDAQ:PDD), Bilibili Inc (NASDAQ:BILI) harboring artificial intelligence ambitions could face a rough ride as the U.S.government intensifies its semiconductor sanctions against China.

The Biden administration, facing resistance to its semiconductor restrictions on China, has informed allies that it is considering the strictest trade measures available if crucial providers of chipmaking machinery like Tokyo Electron Ltd and ASML Holding (NASDAQ:ASML) ...

This growth is hindered by an ongoing property slump and job insecurity, which are slowing recovery efforts.


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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 09:58:59 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 319 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21663018

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About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 12 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

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  • URL: https://beamstart.com/news/whats-going-on-with-alibaba-17212111184226

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