SEC Adds Weibo To Its Provisional List Under Holding Foreign Companies Accountable Act
The SEC added the Chinese social media platform Weibo Corp (NASDAQ:WB) to its provisional list of companies identified under the Holding…
Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees
Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) employees saw a job cut of 30%, the Print reports as per speculation…
Alibaba Affiliate Ant Financial Divests Entire Stake In 36KR Holdings
Jack Ma’s Ant Group Co divested its entire stake in the tech news firm 36KR Holdings Inc (NASDAQ:KRKR), Bloomberg reports. The Alibaba…
Stocks That Hit 52-Week Lows On Friday
During Friday's session, 198 companies made new 52-week lows.
UBS Downgrades Weibo to Neutral, Lowers Price Target to $27.8
UBS downgrades Weibo (NASDAQ:WB) from Buy to Neutral and lowers the price target from $64 to $27.8.
Chinese Stocks Down ~2-3% Thursday; Western Media Thursday Morning Highlights Chinese Stance On Russian Invasion Could Be Becoming Less Neutral, Highlights Misinformation Being Shared By Chinese State To Chinese Citizens
https://www.cnn.com/2022/03/10/china/china-russia-disinformation-campaign-ukraine-intl-dst-hnk/index.html
Benchmark Maintains Buy on Weibo, Lowers Price Target to $56
Benchmark analyst Fawne Jiang maintains Weibo (NASDAQ:WB) with a Buy and lowers the price target from $70 to $56.