Alibaba

Citi maintained a Buy rating on Alibaba in its latest research note but lowered its price target to HK$288 ($37) from HK$297.

Alibaba has invested nearly RMB 3.4 billion ($530 million) in the fight against Covid-19 over the past year, donating a total of 200 million items in China and 150 other countries, the Chinese e-commerce giant said.

Alibaba launched a campus recruitment campaign for the class of 2022 college graduates on July 19, opening 113 positions, including 45 for fresh graduates for the first time.

PingTouGe Semiconductor, the chip division of Chinese e-commerce giant Alibaba, today announced a new processor in its Xuantie series - the Xuantie 907.

Alibaba posted an operating loss of 7.663 billion yuan ($1.170 billion) in its fiscal fourth quarter ended March 31 this year, the e-commerce giant's first quarterly loss since going public, mainly affected by fines from an antitrust investigation.

Time magazine has selected the top 100 most influential companies in the world in 2021, and Chinese technology companies including Alibaba, Huawei, and Tencent are on the list.

From 2016 to 2020, Alibaba Cloud's share rose from 3.7% in 2016 to 9.5% in 2020, up for the fifth consecutive year; AWS's market share fell from 53.7% in 2016 to 40.8% in 2020.

Shares of Alibaba closed 6.5 percent higher in Hong Kong to trade at HK$232 Monday as the anti-monopoly investigation it faces settled.

Alibaba is the first but not the last, and the huge fine greatly enhances the regulation and contributes to long-term economic order fairness and efficient development of innovation, the team said.

Alibaba is not aware of any other anti-monopoly investigations, he said.