To The Moon

Alibaba Group Holding stock has been on a roll for the past month in response to hope that better times for China's economy could help its online retail business. Quarterly earnings from the company, due on Tuesday, could fuel the rally, or finish it.While Alibaba's American depositary receipts are down 4% over the past year, trading for a fraction of the high they reached in late 2020, the stock has jumped 19% in the past month. The gain has come in response to optimism over the prospect of economic stimulus and growth in China, which has endured a market-rattling slowdown in the past year.The latest leg higher for Alibaba came on Monday. The stock closed up 5.7% in U.S. trading as investors digested inflation data disclosed over the weekend. China's consumer price index rose 0.3% from a year earlier in April, up from a 0.1% increase in March and the 0.1% gain economists had expected.That is a good sign for Alibaba because it indicates that consumers are buying again. Data showing def

ChinaAMC, Harvest and Bosera among issuers given green lightBitcoin extended gains as crypto got lift from city’s decisionHong Kong gave initial approvals for asset managers to launch spot-Bitcoin and Ether exchange-traded funds, a development that boosted both digital assets as well as the wider crypto market.China Asset Management, Harvest Global Investments and a partnership between HashKey Capital Ltd. and Bosera Asset Management Co. all announced initial approvals in separate statements on

By Summer Zhen and Jason Xue HONG KONG, April 10 (Reuters) - Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next wee

HONG KONG, April 8 - China's Alibaba Cloud on Monday said it will cut prices for products that are powered by its offshore data centers by as much as 59% amid rising competition to attract artificial intelligence software developers.The cloud service provider said products related to computing, storage, network, database and big data will receive an average of a 23% price reduction.This is the third time the cloud arm of Chinese e-commerce leader Alibaba Group Holding has moved to cut prices ov