Tag: alibaba
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Retail investors are snapping up tumbling Chinese stocks like Didi – even as institutions balk at the government crackdown
Didi was an unlikely favorite among TD Ameritrade users in July. VCG/Getty Images China's regulatory crackdown has unnerved institutional investors, but retail traders don't appear scared. Data shows they've been snapping up tumbling stocks like Alibaba and Didi despite big risks. Retail investors have changed into dip-buyers that are looking for bargains, analysts say. Sign…
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Justin Sun postponed a $4.6 million lunch with Warren Buffett, plowed $10 million into GameStop stock, and lost out on a $69 million NFT. Here’s a look at the crypto whiz kid.
Justin Sun/Twitter Crypto whiz kid Justin Sun postponed a $4.6 million charity dinner with Warren Buffett.The Tron boss invested $10 million in GameStop and lost out on a $69 million NFT.Here are eight items to understand about the 30-year-old tech entrepreneur. See more stories on Insider's company page. Crypto whiz kid Justin Sun has shot…
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Alibaba vies for a piece of China’s booming EV market
There’s no lack of news these days on China’s tech giants teaming up with traditional carmakers. Companies from Alibaba to Huawei are striving to become relevant in the trillion-dollar auto industry, which itself is seeking an electric transition and intelligent upgrade as 5G comes of age. State-owned automaker SAIC Motor, a major player in China,…
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China’s Tesla wannabe Xpeng starts ride-hailing service
There’re a lot of synergies between electric vehicles and ride-hailing. Drivers have the ability to save more steering an EV compared to a gas vehicle. Conscious consumers will opt to hire an electric car. And EVs are designed with compatibility with driving, which is expected to hit on the road in the coming decades. Really,…