Alibaba

Alibaba Group Holding Ltd (NYSE: BABA) shares are trading higher Tuesday amid optimism the recent wave of COVID-19 infections has peaked in some.

[why it's moving](https://www.benzinga.com/taxonomy/term/768599) [News](https://www.benzinga.com/taxonomy/term/57) [Global](https://www.benzinga.com/taxonomy/term/17027) [Movers](https://www.benzinga.com/taxonomy/term/24) [Trading Ideas](https://www.benzinga.com/taxonomy/term/22) However, at the beginning of December, China Officials are reportedly targeting 5% GDP growth or more this year. [Nio Stock Is Trading Higher: What's Going On?](https://www.benzinga.com/news/23/01/30256808/nio-stock-is-trading-higher-whats-going-on) [report](https://www.cnn.com/2023/01/03/china/china-covid-peak-2022-intl-hnk/index.html) citing a new study published in peer-reviewed journal Frontiers of Medicine, the [recent spike in Covid cases](https://www.benzinga.com/news/22/12/30170293/china-covid-19-surge-leads-to-crowded-hospitals-empty-streets-as-experts-say-beijing-hiding-actual-n) may have peaked in some of China's largest cities including Beijing and Shanghai. [peaked in some major Chinese cities](https://www.benzinga.com/markets/asia/23/01/30251888/alibaba-nio-slip-hang-seng-marks-weak-start-to-2023-after-gloomy-china-factory-activity-data).

Shares in Alibaba (ticker: BABA) jumped near 7% in U.S. premarket trading on Wednesday. The group's Hong Kong-listed stock advanced 8.7%, leading tech stocks ...

Progress has put investors on a buying streak. [ ](https://www.barrons.com/market-data/stocks/baba)

Ant Group, which previously had its own IPO plans scuttled by regulatory concerns, was allowed to double its registered capital as part of the new plan.

Correction: Chinese tech stocks that trade in the U.S. The moves come as investors are seeing signs of a more relaxed Chinese regulatory environment. They also allow Chinese shares to trade in the U.S. However, last month the Public Company Accounting Oversight Board — a U.S. without the companies having to follow U.S. [Alibaba](/quotes/BABA/) jumped 13.1% after the news, while stock of [JD.com](/quotes/JD/) surged 14.7%.

Alibaba Group Holding Ltd. led an advance in US-listed Chinese stocks in premarket trading, with Ant Group Co.'s approved fundraising plan boosting optimism ...

and Pinduoduo Inc. Its e-commerce peers JD.com Inc. also traded up 15% and 7.7% respectively.

Chinese regulators have said e-commerce giant Alibaba's (BABA) finance affiliate Ant Group can raise $1.5B for its consumer finance unit in an important ...

The company is awaiting approval of licenses to operate as a financial holding company and as a personal credit ratings firm. [BABA](https://seekingalpha.com/symbol/BABA)) finance affiliate Ant Group [can raise $1.5B for its consumer finance](https://seekingalpha.com/pr/19070244-chinese-regulators-approve-capital-expansion-for-ant-group) unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure. The China Banking and Insurance Regulatory Commission said in a notice dated December 30 that Ant’s consumer credit unit had gained approval to increase its capital to ¥18.5B ($2.7B) from ¥8B ($1.16B).

Alibaba Group Holding (BABA) spinoff Ant Group has won a key regulatory nod for a capitalization plan for its consumer loan business, an indication that ...

The Beijing government appears to have warmed significantly to a range of industries. In January 2022, China Cinda Asset Management scrapped a deal to buy 20% of the Ant consumer finance unit, which would have made it the second-biggest investor. The regulator has given Ant six months to complete the recapitalization. The chemicals company Transfar Zhilian (SZ:002010) is the other new investor, paying C¥926 million (US$135 million) for a 5% stake. The Hangzhou government would have close ties to the companies in question and, because Hangzhou officials are dealing with some of the city's largest employers, is about as friendly a face as Ant could find among the Chinese Communist Party ranks. [has issued a notice](http://www.cbirc.gov.cn/branch/chongqing/view/pages/common/ItemDetail.html?docId=1087590&itemId=1986) that its division in the western city of Chongqing has approved Chongqing Ant Consumer Finance's plan to raise its capital to C¥18.5 billion (US$2.7 billion), up from C¥8 billion (US$1.2 billion). They include Nanyang Commercial Bank, which focuses on lending to trading companies, which invested C¥1.2 billion (US$174 million) for what's now a 6.5% stake. The investment round will also see a company owned by the city of Hangzhou, where Ant and Alibaba are based, become the second-largest shareholder by taking a 10% stake. However, Reuters reported that, after the CBIRC gave the green light to Cinda's plan, officials higher up the chain of command stepped in to prevent the deal. For Ant to now win a nod from Beijing to raise capital indicates the company's political rehabilitation is well under way. The Ant IPO debacle, originally interpreted as a reflection of anger over Alibaba figurehead Jack Ma's outspoken speech at a Shanghai conference the previous month, marked only the beginning of what became an onslaught on the private sector and what the government deemed the "disorderly expansion of capital." This is Ant, after all, which in November 2020 had the world's largest initial public offering

Alibaba Group Holding Ltd (NYSE: BABA) shares are trading higher Wednesday following reports Chinese regulators approved a capital raise for Alibaba ...

[why it's moving](https://www.benzinga.com/taxonomy/term/768599) [News](https://www.benzinga.com/taxonomy/term/57) [Global](https://www.benzinga.com/taxonomy/term/17027) [Movers](https://www.benzinga.com/taxonomy/term/24) [Trading Ideas](https://www.benzinga.com/taxonomy/term/22) Ant Group has aimed to come into compliance since regulators began cracking down on its business in 2020. [Jack Ma's Ant Group Gets Regulatory Nod For $1.5B Capital Raise Plan](https://www.benzinga.com/markets/asia/23/01/30268639/jack-mas-ant-group-gets-regulatory-nod-for-1-5b-capital-raise-plan) [Benzinga Pro](https://benzinga.grsm.io/movers399). [Alibaba co-founder Jack Ma's Ant Group](http://www.benzinga.com/markets/asia/23/01/30268639/jack-mas-ant-group-gets-regulatory-nod-for-1-5b-capital-raise-plan). [report](https://www.bloomberg.com/news/articles/2023-01-04/jack-ma-s-ant-group-wins-approval-for-1-5-billion-capital-plan?leadSource=uverify%20wall), the China Banking and Insurance Regulatory Commission division approved the Ant Group consumer unit's plans to raise 10.5 billion yuan ($1.53 billion), signaling progress is being made on China's [ tech overhaul](https://www.benzinga.com/government/22/08/28282563/chinas-regulatory-crackdown-on-its-tech-sector-takes-a-new-twist-read-to-know).

By Senad Karaahmetovic. Shares of Alibaba (NYSE:BABA) are up about 7% in pre-market after its Ant Group received a green light from Chinese regulators to ...

Ant is now expected to make continued progress as it looks to recover from the failed initial public offering (IPO) in 2020. Ant contributed CNY 5.25B and will control half of its shares after the deal. Alibaba owns a roughly 33% stake in Ant Group.

Chinese regulators have said e-commerce giant Alibaba's finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important...

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Shares in Alibaba (ticker: BABA) has jumped 6.6% in U.S. premarket trading on Wednesday. The group's Hong Kong-listed stock advanced 8.7%, leading tech stocks ...

Progress has put investors on a buying streak. [ ](https://www.barrons.com/market-data/stocks/baba)

Ant recently get regulatory clearance for a capital raise, hinting at a less harsh stance toward big tech companies in the country ...

[KWEB, -4.80%](/investing/fund/KWEB?mod=MW_story_quote)was up more than 4% in premarket activity. [JD, -6.13%](/investing/stock/JD?mod=MW_story_quote)ADRs were also up more than 6% premarket, while the ADRs of Baidu Inc. [BIDU,](/investing/stock/BIDU?mod=MW_story_quote)were ahead more than 5%. [BABA, -6.07%](/investing/stock/BABA?mod=MW_story_quote), recently received regulatory approval to conduct a $1.5 billion capital raise, according to The Wall Street Journal and other reports. Alibaba has a 33% stake in Ant. [ease the path toward a resumption of Ant’s IPO plans](https://www.bloomberg.com/news/articles/2023-01-04/alibaba-leads-rally-in-us-listed-china-stocks-on-ant-capital-nod?sref=Oeyjq8by).

E-commerce giant Alibaba (BABA) and other Chinese stocks rallied at the open on Wednesday amid easing regulatory concerns.

Alibaba (NYSE:BABA) stock is climbing 6% this morning after Beijing approved a fundraising initiative by Alibaba's subsidiary, Ant Group.

On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. [carrying out](https://seekingalpha.com/pr/19070244-chinese-regulators-approve-capital-expansion-for-ant-group) its planned initial public offering and also vetoed a deal under which a government-controlled company was going to buy 20% of the shares of the firm’s consumer finance arm. “Overall, the pandemic continued to take a toll on the economy in December. However, the overall index of the country’s manufacturing index dropped to 49 last month from 49.4 in November. Under the arrangement, Ant will retain a 50% stake in the unit while other investors, including a Chinese municipal government, will own the other half. Additionally, somewhat positive macroeconomic data is likely also helping to lift BABA stock this morning.

Shares of Alibaba (NYSE:BABA) listed in Hong Kong rose 7.1% in Wednesday's morning trade – after China's Banking and Insurance Regulatory Commission ...

technology by the Chinese military and ongoing supply chain slowdowns involving products made for tech giants such as Apple (NASDAQ:AAPL) and Intel (NASDAQ:INTC). Ant Group runs the Alipay mobile payments wallet in China. Ant Group is an affiliate of Alibaba in which the e-commerce giant owns 33%.

A big rally in Chinese internet stocks, led by Alibaba, is carrying over to the U.S. The Chinese e-commerce company's Amer.

joined in the rally as well. The approval possibly signals a more friendly stance from the government on the industry, spurring bullish sentiment.\n\nOther Chinese stocks listed in the U.S. A big rally in Chinese internet stocks, led by Alibaba, is carrying over to the U.S.\n\nThe Chinese e-commerce company’s American depositary receipts rose 8% on Wednesday, after rising nearly 9% in Hong Kong.