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Wire

Alibaba, AUS Merchant Services to Pay $600 Million to Resolve US Allegations Over Illegal Product Sales

Alibaba Group Holding (BABA) and its US-based payment processor, AUS Merchant Services, agreed to pay a combined $600 million to resolve US allegations over illegal product sales on the company's e-commerce platforms, the US Department of Justice said Wednesday.The department alleged Alibaba failed to prevent about 80,000 transactions involving illegal pharmaceuticals, controlled substances, listed chemicals and pharmaceutical equipment imported into the country through Alibaba.com and AliExpress between 2016 and 2024.AUS also admitted shortcomings in its anti-money laundering controls that failed to prevent payments tied to some prohibited sales, the report said.Alibaba will pay a $125 million criminal penalty and forfeit $200 million, while AUS will pay an $85 million penalty and forfeit $190 million. Both companies also agreed to strengthen compliance programs and continue cooperating with US authorities.Price: $98.34, Change: $+2.35, Percent Change: +2.45%

$BABA
Insider Trading

Alibaba Group Holding Insider Sold Shares Worth $2,126,906, According to a Recent SEC Filing

Hong Xu, Chief Financial Officer, on June 25, 2026, sold 175,054 shares in Alibaba Group Holding (BABA) for $2,126,906. Following the Form 4 filing with the SEC, Xu has control over a total of 938,066 ordinary shares of the company, with 280,496 shares held directly and 657,570 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1577552/000119312526286743/xslF345X05/ownership.xml

$BABA
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Lower in Thursday Trading

Asian equities traded in the US as American depositary receipts were lower Thursday morning, declining 0.44% to 2,793.79 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by education firm 51Talk Online Education Group (COE) and Korea Electric Power (KEP), which rose 11% and 3.5% respectively. They were followed by semiconductor firm Silicon Motion Technology (SIMO) and lender Nomura (NMR), which increased 3.4% and 3.3% respectively.The decliners from North Asia were led by fintech firm High Templar Tech (HTT) and internet and data center services provider VNET Group (VNET), which dropped 16% and 6.2% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and tech company Alibaba Group (BABA), which lost 5.2% and 4.7% respectively.From South Asia, the gainers were led by IT firm Sify Technologies (SIFY), which rose 2.2%. It was followed by pharmaceutical firm Dr. Reddy's Laboratories (RDY) and lender ICICI Bank (IBN), which were up 1.5% and 0.7% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and Canaan (CAN), which fell 4.7% and 2.1% respectively. They were followed by IT firms Infosys (INFY) and Wipro (WIT), which were down 1.9% and 1.8% respectively.

$BABA$CAN$COE$HIMX$HTT$IBN$INFY$KEP$NMR$RDY$SE$SIFY$SIMO$VNET$WIT
International

Update: Continued Oil Price Decline, Micron Earnings Beat Drive US Equity Futures Higher

US equity futures were higher pre-bell Thursday as oil prices fell to their lowest since the start of the US-Iran war and memory chip manufacturer Micron Technology (MU) posted strong fiscal Q3 financial results and issued upbeat guidance.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 2.3% higher.Oil prices dropped to their lowest level since Feb. 28 as more oil tankers have started exiting the Strait of Hormuz. Around 20 million barrels of crude have passed through the waterway in the last 24 hours, Reuters cited US Energy Secretary Chris Wright as saying.Front-month global benchmark North Sea Brent crude was down 0.9% to $73.18 per barrel and US West Texas Intermediate crude was 1.1% lower at $69.55 per barrel, slipping below $70 a barrel for the first time since March 2, Reuters said.Micron Technology shares rose 18% in premarket activity after the company overnight reported a fiscal Q3 earnings and revenue beat, and issued fiscal Q4 guidance above market expectations.The May core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, gained 0.3%, matching the increase in the prior month and in line with expectations in a survey compiled by Bloomberg. Durable goods new orders fell 4.5% in May after an 8.5% gain in the prior month, compared with expectations for a 5% decrease.Initial jobless claims dropped to 215,000 in the week ended June 20 from 227,000 in the previous week, compared with expectations for a smaller decrease to 225,000. Q1 GDP growth was revised up to a 2.1% annual rate from 1.6% previously, compared with expectations for no change.Federal Reserve New York President John Williams and Chicago President Austan Goolsbee are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 4.6% higher, Hong Kong's Hang Seng ended 1.4% lower, and China's Shanghai Composite finished 0.2% higher. Meanwhile, the UK's FTSE 100 was up 0.9%, and Germany's DAX index was 1% higher in Europe's early afternoon session.In equities, joining Micron in the technology sector rally are semiconductor firms Broadcom (AVGO), AMD (AMD), and Intel (INTC), which were up 1.9%, 1%, and 1.4%, respectively.On the losing side, Alphabet's (GOOG, GOOGL) Google shares fell 1.8% after Bloomberg reported that the company is poised to lose two leading AI researchers to Anthropic. Alibaba (BABA) stock was down 2.6% after Bloomberg reported that Anthropic has alleged that Alibaba attempted to "illicitly" access its Claude artificial intelligence model through thousands of fraudulent accounts. Trip.com (TCOM) shares were down more than 12% after the company posted lower Q1 non-GAAP earnings.

Dow JonesNasdaq CompositeS&P 500$AMD$AVGO$BABA$GOOG$GOOGL$INTC$MU$TCOM
International

Tech Revives, Oil Dives on Asian Stock Markets

Asian stock markets largely joined the global tech rally Thursday, which was re-ignited late Wednesday after US memory-device maker Micron Technology (MU) reported strong quarterly results and issued upbeat guidance.Shanghai and Tokyo finished in the green, as did most other regional exchanges. Seoul's KOSPI index rose 5.4% in the day, driven higher by share prices of semiconductor giants Samsung Electronics and SK Hynix.Brent crude futures traded down 1.3% to $72.88 a barrel, the lowest since late February.In Japan, the Nikkei 225 opened higher and rose to the close, finishing up 4.6% as traders renewed their appetite for AI- and semiconductor issues.The benchmark Nikkei 225 rose 3,191.37 to 72,366.34, a fresh all-time apex on the index, as gaining issues outnumbered losers 148 to 76.Leading the upside was semiconductor-testing equipment maker Advantest, up 15.1%, while electronics-house Sharp declined 9.7%.In economic news, Japan's leading economic index logged at 116.1 in April, up from 115.4 in March, and striking the highest level since July 2021.In Hong Kong, the Hang Seng Index opened lower and could not recover, closing down 1.4% as traders warily eyed e-commerce platforms such as Alibaba (BABA), Tencent and Meituan, in light of soft mainland China consumer spending.The broad gauge Hang Seng fell 335.27 to 23,076.91, as losing issues outnumbered gainers 60 to 33. The Hang Seng TECH Index lost 1.6% on the day, while the Mainland Properties Index fell 1.4%.Leading the upside was toolmaker Techtronic, gaining 5.9%, while smartphone-components maker Sunny Optical Technology declined 11.7%.On the mainland, the Shanghai Composite rose 0.2% to 4,120.28.On the other regional exchanges, the Taiwan TWSE inclined 0.5%; the Australian ASX 200 declined 0.7%; the Singapore Straits Times Index rose 0.1%, and the Thai Set inclined 0.7%. In late trading in Mumbai, the Sensex was up 0.1%.The MSCI All Country Asia Pacific Index rose 1.4% on the day.

Hang SengNikkei 225Shanghai Composite$BABA$MU
Sectors

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were sharply lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 3.9% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 6.3%.The Philadelphia Semiconductor index tumbled 7.7%.In corporate news, Meta Platforms (META) is set to come under intensified scrutiny from European regulators, as the EU prepares to escalate an investigation into whether Facebook and Instagram are designed in ways that can be addictive for children, Bloomberg reported. Meta shares were down 0.3%.International Business Machines (IBM) shares gained 4.2% after Morgan Stanley raised its price target to $267 from $225, while keeping its equalweight rating.Alibaba (BABA) has filed a lawsuit against the US Department of Defense seeking to be removed from a blacklist that labels it as a supporter of the Chinese military, Bloomberg reported. Alibaba shares were down 2.1%.Oracle's (ORCL) total workforce fell by about 21,000 employees, or 13%, in fiscal 2026 to 141,000 as of May 31, according to the company's annual report. Oracle shares were falling 5.1%.

$BABA$IBM$META$ORCL
Sectors

Sector Update: Tech

Tech stocks were sharply lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 4% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 7.2%.The Philadelphia Semiconductor index tumbled 8.1%.In corporate news, Alibaba (BABA) has filed a lawsuit against the US Department of Defense seeking to be removed from a blacklist that labels it as a supporter of the Chinese military, Bloomberg reported. Alibaba shares were down 2.3%.

$BABA
Wire

Market Chatter: Alibaba Group Sues US Department of Defense to Seek Removal From Blacklist

Alibaba Group (BABA) has filed a lawsuit against the US Department of Defense seeking to be removed from a blacklist that labels it as a supporter of the Chinese military, Bloomberg News reported, citing the suit.The company reportedly claims that the designation as "arbitrary and unjustified." In its filing in federal court in San Jose, California, Alibaba says the decision violates due process rights and its freedom of speech protections, according to the report.Alibaba and the Department of Defense didn't immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $102.62, Change: $-2.35, Percent Change: -2.24%

$BABA
Wire

Alibaba Group Sues US Department of Defense to Seek Removal From Blacklist, Bloomberg Reports

Alibaba Group Sues US Department of Defense to Seek Removal From Blacklist, Bloomberg Reports

$BABA
Asia Markets

Update: US Equity Futures Rise Pre-Bell After US Says Strikes Completed Against Iran

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Thursday as the US said it completed attacks against Iran after another round of "self-defense strikes."Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.7% higher.The strikes, which started after a US Army Apache helicopter was shot down on Wednesday, were conducted at the direction of President Donald Trump, US Central Command said in an X post. Iran responded with attacks on Kuwait and Bahrain, while Israel warned of launches from Lebanon.Trump later told Fox News that he had spoken directly with Iranian officials, who had asked him to stop bombing.Traders watched the latest round of earnings, with Oracle (ORCL) posting higher fiscal Q4 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.5% at $93.52 per barrel and US West Texas Intermediate crude 0.7% higher at $90.66 per barrel.The US Producer Price Index, released at 8:30 am ET, rose by 1.1% in May following a similar increase in April, above the 0.7% gain expected in a survey compiled by Bloomberg. The weekly jobless claims bulletin showed 229,000 new unemployment claims for the week ended June 6, compared with the 225,000 in the prior week and above the 220,000 expected.In other world markets, Japan's Nikkei closed 0.1% higher, Hong Kong's Hang Seng ended 0.7% lower, and China's Shanghai Composite finished 0.2% lower. Meanwhile, the UK's FTSE 100 was up 0.6%, and Germany's DAX index was 0.2% higher in Europe's early afternoon session.In equities, Oracle stock was down 11% after the company said it plans to raise about $40 billion via debt and equity issuances in fiscal 2027, including its previously announced $20 billion stock sale. Alibaba (BABA) and JD.com (JD) shares fell 4.5% and 2.3%, respectively, following media reports of complaints by Chinese regulators over allegedly misleading promotions.On the winning side, Tesla's (TSLA) stock was up 0.9% after Belgian government official Annick De Ridder said that the company's full self-driving technology has been approved in the country. Applied Materials (AMAT) shares rose 4.2% after the company said it has expanded its manufacturing and R&D operations in Singapore with a $500 million facility in Tampines to support AI-driven semiconductor demand. Novartis (NVS) stock was up 2.4% after the company said the phase I/II study of its experimental therapy, del-brax, met both primary and key secondary endpoints in patients with facioscapulohumeral muscular dystrophy.

Dow JonesNasdaq CompositeS&P 500$AMAT$BABA$JD$NVS$ORCL$TSLA
Sectors

Sector Update: Consumer Stocks Mixed Pre-Bell Thursday

Consumer stocks were mixed premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) retreating 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gaining 0.8%.Tesla (TSLA) shares were up more than 1% pre-bell after Annick De Ridder, the Flemish Minister of Mobility, Public Works, Ports, and Sport, said in an X post that the EV maker's full self-driving technology has been approved in Belgium.Alibaba (BABA) shares fell more than 4% after Bloomberg reported that the company has replaced the head of its AI-chat app, Dingtalk, in a leadership change after an insider debate regarding the productivity platform's role in the broader AI strategy of the e-commerce colossus.McGraw Hill (MH) stock declined more than 6% premarket after the company reported lower fiscal Q4 revenue.

$BABA$MH$TSLA$XLP$XLY
Wire

Market Chatter: Ant Group's Global Unit Weighs $1 Billion Fundraising

Alibaba Group (BABA) co-founder Jack Ma-backed Ant Group's international unit is exploring raising approximately $1 billion in fresh capital, Bloomberg reported Wednesday, citing people familiar with the matter.The funding round could value Ant International at $10 billion or more and potentially pave the way for a Hong Kong listing as soon as this year, the report said.The unit has reportedly sounded out interest from investors including General Atlantic and Silver Lake, according to the report.Ant International did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $115.96, Change: $-3.74, Percent Change: -3.12%

$BABA
Wire

Alibaba, Baidu Named Among 'Chinese Military Companies,' Department of Defense Notice Shows

Alibaba Group (BABA) and Baidu (BIDU) are among the list of entities that are designated as "Chinese military companies," according to a Department of Defense notice filed on Monday to be published in the Federal Register.The annual list includes several firms such as Huawei Technologies, BYD, Tencent and TP-Link, according to the document.The listed companies may request reconsideration of this decision by submitting evidence to the Pentagon that they should be removed from the list, the notice said.Alibaba and Baidu did not immediately respond to request for comments from.Price: $120.10, Change: $-0.96, Percent Change: -0.79%

$BABA$BIDU
Wire

Street Color: Alibaba, Baidu Among Firms Designated as Chinese Military Companies, Pentagon Says

Street Color: Alibaba, Baidu Among Firms Designated as Chinese Military Companies, Pentagon Says

$BABA$BIDU
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Tuesday Trading

Asian equities traded in the US as American depositary receipts were rising sharply Tuesday morning, up 1.04% to 2,925.23 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor companies Himax Technologies (HIMX) and Silicon Motion Technology (SIMO), which climbed 13% and 5.7% respectively. They were followed by internet and data center services provider VNET Group (VNET) and tech company Alibaba Group (BABA), which advanced 5.1% and 4.6% respectively.The decliners from North Asia were led by education company 17 Education & Technology Group (YQ) and online brokerage UP Fintech (TIGR), which dropped 7.4% and 7% respectively. They were followed by mobile big data platform Aurora Mobile (JG) and real estate management and digital security company Eason Technology (DXF), which lost 6.5% and 3.9% respectively.From South Asia, the gainers were led by fintech firm Trident Digital Tech (TDTH) and lender HDFC Bank (HDB), which rose 7.6% and 0.5% respectively. They were followed by telecommunications operator PLDT (PHI) and IT firm Sify Technologies (SIFY), which were up 0.2% and 0.1% respectively.The decliners from South Asia were led by IT firms Wipro (WIT) and Infosys (INFY), which fell 6.9% and 2.1% respectively. They were followed by computer hardware maker Canaan (CAN) and tech conglomerate Sea (SE), which were down 2% and 1.5% respectively.

$BABA$CAN$DXF$HDB$HIMX$INFY$JG$PHI$SE$SIFY$SIMO$TDTH$TIGR$VNET$WIT$YQ
Wire

Market Chatter: Alibaba, DeepSeek Top AI Professionals Face Overseas Travel Limits Imposed by China

Alibaba Group (BABA), DeepSeek, and other private technology enterprises are seeing their leading artificial intelligence experts face new overseas travel limits implemented by China, Bloomberg reported Tuesday, citing people familiar with the matter.Government authorities now require personnel involved in critical AI development to secure official clearance prior to leaving the country, the news outlet added.The implementation introduces potential recruitment and retention risks for domestic AI companies already navigating heightened state involvement following Beijing's push for Meta Platforms (META) to unwind its $2 billion purchase of Manus, the report added.Alibaba, DeepSeek, Meta Platforms, and China's Ministry of Industry and Information Technology did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $129.29, Change: $-0.72, Percent Change: -0.55%

$BABA
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Track Lower in Thursday Trading

Asian equities traded in the US as American depositary receipts were trending lower Thursday morning, declining 0.94% to 2,836.35 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by video display maker LG Display (LPL) and real estate and digital security company Eason Technology (DXF), which advanced 12% and 6.5% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and utilities company Korea Electric Power (KEP), which rose 2.5% and 1.2% respectively.The decliners from North Asia were led by internet and data center services provider VNET Group (VNET) and online entertainment company Bilibili (BILI), which dropped 5.5% and 4.4% respectively. They were followed by tech companies Alibaba Group (BABA) and Baidu (BIDU), which lost 3.8% and 3.2% respectively.There were no gainers from South Asia.The decliners from South Asia were led by IT firm Infosys (INFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which fell 3.8% and 2.8% respectively. They were followed by computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which were off 0.9% and 0.5% respectively.

$BABA$BIDU$BILI$CAN$DXF$HIMX$INFY$KEP$LPL$SIFY$TLK$VNET
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Modestly Lower in Tuesday Trading

Asian equities traded in the US as American depositary receipts were tracking modestly lower Tuesday morning, declining 0.30% to 2,817.60 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by online game developer The9 (NCTY) and lender Sumitomo Mitsui Financial Group (SMFG), which rose 2.3% and 2.1% respectively. They were followed by tech company Alibaba Group (BABA) and online retailer JD.com (JD), which advanced 1.9% and 1.8% respectively.The decliners from North Asia were led by real estate and digital tech company Eason Technology (DXF) and video display maker LG Display (LPL), which shed 15% and 5.8% respectively. They were followed by mobile app developer Cheetah Mobile (CMCM) and semiconductor company ASE Technology (ASX), which were down 4% and 3.5% respectively.From South Asia, the gainers were led by IT firm Infosys (INFY), which increased 2.5%, followed by IT company Wipro (WIT) and tech conglomerate Sea (SE), which were up 0.8% and 0.1% respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and fintech firm Trident Digital Tech (TDTH), which dropped 12% and 7.1% respectively. They were followed by lender ICICI Bank (IBN) and IT company Sify Technologies (SIFY), which lost 1.8% and 1.5% respectively.

$ASX$BABA$CAN$CMCM$DXF$IBN$INFY$JD$LPL$NCTY$SE$SIFY$SMFG$TDTH$WIT
Research

Research Alert: CFRA Maintains Buy Recommendation On Shares Of Alibaba Group Holding Limited

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target to USD184 from USD163, on a P/E of about 15x (unchanged) our FY 28 (Mar.) EPS of USD12.26 (based on current FX), which is within its long-term range. We trim our FY 27 EPS to CNY53.65 from CNY 56.81 but raise FY 28 to CNY83.23 from CNY74.64. We expect cloud revenue growth to accelerate from roughly 40% in the latest quarter to 47% in FY 27, fueled by AI-related revenue, which currently accounts for about 30% of the cloud business and should rise to 50% within the next year. We also expect BABA to see a meaningful profit inflection over the next several years as losses in quick commerce narrow substantially and AI-related investments become increasingly monetized. Cloud margins were just 9% this past fiscal year but should improve materially over the coming quarters, particularly as the high-margin MaaS (model-as-a-service) business scales. We continue to view BABA shares as the most compelling way to gain exposure to the AI theme in China.

$BABA
Wire

Update: Morgan Stanley Lifts Price Target on Alibaba to $190 From $180, Maintains Overweight Rating

(Updates with Morgan Stanley's commentary.)Morgan Stanley raised its price target on Alibaba (BABA) to $190 From $180 while keeping its overweight rating.The brokerage said Alibaba subsidiary Alicloud "delivered on all key matrices" it tests and the tech firm showed "rapid AI [artificial intelligence] product revenue growth."External Alicloud revenue increased 44% in fiscal Q1 2027 and Alibaba expects the unit's margin to increase to 11% in fiscal Q1 2027, Morgan Stanley said in its note.Alibaba has an average rating of buy and mean price target of $191.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $142.96, Change: $-2.85, Percent Change: -1.95%

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