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When Will SpaceX Shares Start Trading?
The Wall Street Journal65d agoneutral
When Will SpaceX Shares Start Trading?

SpaceX executives are set to ring the Nasdaq’s opening bell in New York City, but shares in buzzy initial public offerings don’t usually start trading until later in the day. Bankers leading an IPO typically want to match buyers and sellers for about 10% of the shares sold before opening trading to lessen volatility. Because pre-IPO investors are restricted from selling shares for a while, it can take time to find willing sellers among those who bought shares in a high-demand IPO.

Bloomberg65d agoneutral
Alibaba Bids $1.5 Billion for China Grocer in Meituan Fight

(Bloomberg) -- Alibaba Group Holding Ltd. is offering $1.5 billion to buy Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from online commerce rival Meituan.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE and Iran Meet Fa

Alibaba AI Reset And 618 Reprimand Raise New Execution Questions
Simply Wall St.65d agoneutral
Alibaba AI Reset And 618 Reprimand Raise New Execution Questions

Alibaba Group Holding (NYSE:BABA) has replaced the head of its Dingtalk unit, reflecting an internal reset around the company’s approach to artificial intelligence. Chinese regulators recently reprimanded Alibaba over alleged misleading promotions tied to its 618 shopping festival marketing campaigns. These developments touch both Alibaba’s enterprise collaboration ambitions through Dingtalk and its core e commerce operations. For investors tracking NYSE:BABA, these updates come after a...

Is VNET Group, Inc. (VNET) A Good Stock To Buy Now?
Insider Monkey65d agobullish
Is VNET Group, Inc. (VNET) A Good Stock To Buy Now?

Is VNET a good stock to buy? We came across a bullish thesis on VNET Group, Inc. on Coughlin Cap’s Substack by Brian Coughlin and P14 Capital. In this article, we will summarize the bulls’ thesis on VNET. VNET Group, Inc.’s share was trading at $9.28 as of June 9th. VNET’s forward P/E was 24.39 according to […]

Top IPO Expert: SpaceX IPO ‘Will Blow Away’ Records Set by Visa and Alibaba
24/7 Wall St.65d agoneutral
Top IPO Expert: SpaceX IPO ‘Will Blow Away’ Records Set by Visa and Alibaba

University of Florida finance professor Jay Ritter, who runs the school’s IPO Initiative and is widely regarded as the dean of IPO research, told CNBC on June 11, 2026, that SpaceX’s pending offering will set a first-day underpricing record that dwarfs prior benchmarks held by Visa and Alibaba. “SpaceX is almost certainly going to blow ... Top IPO Expert: SpaceX IPO ‘Will Blow Away’ Records Set by Visa and Alibaba

WuXi AppTec files complaint against US DoD for linking it to Chinese military
Reuters65d agoneutral
WuXi AppTec files complaint against US DoD for linking it to Chinese military

WuXi AppTec said on Thursday it has filed a complaint at ‌a U.S. district court against the ‌Department of Defense for including the company in a ​list linked to the Chinese military. The drug developer is part of a list of Chinese companies that includes Alibaba, internet search provider Baidu, ‌and automakers BYD ⁠and NIO, which the United States believes are aiding Beijing's military. The list ⁠released on Monday includes a broad swathe of China's top technology firms key to advancing ​Beijing's military ​and industrial prowess, ​reflecting Washington's security concerns ‌amid intense geopolitical competition between the countries.

Is Alibaba Group Holding Limited (BABA) A Good Stock To Buy Now?
Insider Monkey65d agobullish
Is Alibaba Group Holding Limited (BABA) A Good Stock To Buy Now?

Is BABA a good stock to buy? We came across a bullish thesis on Alibaba Group Holding Limited on Value & Momentum Portfolio’s Substack. In this article, we will summarize the bulls’ thesis on BABA. Alibaba Group Holding Limited’s share was trading at $115.38 as of June 10th. BABA’s trailing and forward P/E were 17.74 and 18.08 […]

Tencent Weighs US Military Label With Big Dual Currency AI Funding
Simply Wall St.66d agoneutral
Tencent Weighs US Military Label With Big Dual Currency AI Funding

Tencent Holdings (SEHK:700) has been identified by the US Defense Department as a "Chinese military company," placing it under closer US government scrutiny. The company has launched its largest multibillion dual currency bond issuance since 2021, including its first US dollar bond sale since that year. Proceeds from the deal are intended to support Tencent's intensified AI ambitions as it seeks to keep pace with peers such as ByteDance and Alibaba. Tencent sits at the center of China's...