Internet & Online Services
The latest Internet & Online Services industry news from MarketWatch.
Alibaba downgraded by Morgan Stanley, which says PDD is top China e-commerce play
Alibaba BABA was downgraded to equal-weight from overweight at Morgan Stanley, with its price target cut to $90 from $110. The bank said a fundamen...
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Breaking Dow rallies 500 points to cap off best month since October 2022
U.S. stocks stocks finished mostly higher on Thursday as the Dow capped off its biggest monthly gain since October 2022, Dow Jones Market Data show. Among the major three indexes, only the Nasdaq Composite finished lower o...
Instacart’s stock is on track for its lowest close since its September IPO
The stock of grocery-delivery app Instacart, which trades as Maplebear Inc. CART, is down 4.3% Thursday to put it on track for its lowest close since its initial public offering in September, according to Dow Jones Market ...
Bilibili’s Hong Kong shares fall sharply after deeper-than-expected net loss
Bilibili's Hong Kong-listed shares fell sharply after the Chinese video-sharing platform reported a third-quarter net loss that was steeper than analysts expected.
Alibaba shares slip after report on Jack Ma wanting change
Alibaba shares BABA fell 3% in premarket trade, as the Financial Times reported that company founder Jack Ma wrote on an internal forum that the internet giant will have to change and reform. Ma’s comment was in response t...