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Alibaba Group Holding Ltd

Income set for first fall

Alibaba has confronted development challenges amid regulatory tightening on China's home expertise sector and a slowdown on the planet's second-largest economic system. However analysts assume the e-commerce large's development might…

Hong Kong tech shares drop, Asia markets

SINGAPORE — Hong Kong's Grasp Seng index fell greater than 2% on Friday as tech shares got here underneath strain.The benchmark index slipped 2.64% within the closing hour of commerce, whereas the Grasp Seng Tech index dropped…

Slowest quarterly revenue growth on record

Chinese e-commerce giant JD.com posted its slowest quarterly revenue growth on record for the first three months of the year, as Covid-19 lockdowns in the world's second-largest economy weighed on consumer spending.JD.com beat estimates…

Twitter, Tesla, Starbucks and more

Take a look at some of the biggest movers in the premarket:Twitter (TWTR) – Twitter shares soared 26.1% in the premarket after a Securities and Exchange Commission filing showed that Tesla CEO Elon Musk had taken a 9.2% passive stake in…