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Alibaba Group Holding Ltd

China loan prime rate, Nasdaq, oil

SINGAPORE — Markets in Asia-Pacific were mixed on Thursday as China cut its key lending rates. Meanwhile, Wall Street fell with the Nasdaq closing in correction territory and U.S. yields retreating from their recent gains.Mainland China markets rose, with the Shanghai composite near the flatline, and the Shenzhen component up 0.35%. Hong Kong's…
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IDC on China’s semiconductor tech ambitions

Even as China spends billions to build up its domestic semiconductor sector, it is still some time away from achieving the capabilities needed to produce cutting edge chips, an analyst said on Wednesday.Semiconductors are used in everything, from smartphones and computers to cars as well as home appliances."I still believe that probably three or…
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Alibaba, Citrix, 23andMe and others

Check out the companies making headlines before the bell:Alibaba (BABA) – Alibaba fell 3.8% in the premarket after a Reuters report said the Biden administration was reviewing the China-based company's cloud unit to see if it poses a risk to US national security. The probe is said to focus on how the e-commerce giant stores the data of US…
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I prefer Rio Tinto over Vale

ChargePoint: "ChargePoint is part of a very challenged group. I've done a lot of soul searching and, of course, a lot of research on this group. There are too many players, and there has not been enough consolidation, so I'm going to say avoid it." Prothena: "I like it. I mean, I think they have a very positive Alzheimer's formulation and they have…
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