After raising 5 transaction days continuously, the share price of Alibaba went down in April 26 closing at $144.97 decreasing 0.44% slightly, while the transaction volume arrived to $6.67 million, which was a relative low level to history.
According to recommendations from different institutions, around 90% hold the idea to buy the stock.
News:
Alibaba wants to help U.S.businesses, farmers and entrepreneurs conduct business in China and will holdits first conference in Detroit in June 20 and 21 to do exactly that.
Alibaba has plans to providecredit services in Brazil, Jack Ma was quoted as saying in Wednesday's editionof O Estado de S. Paulo.
Tencent joins Alibaba as theonly two Chinese companies with a presence in the technology hub of SiliconValley. The Chinese market for cloud infrastructure as a service rose 68% to$1.47 billion in 2016. Alibaba controls 40% of that market with Microsoft being the top foreign competitor with 5% of the market, according to the Wall Street Journal.
In April 26, Alibaba decidedto build its headquarter of Jiangsu province in Nanjing to develop theapplication of cloud computing, big data and AI.
In April 25, Olympic Councilof Asia corporates with Alibaba Sport to add e-sports to the competition programs.
The global market performance:
S&P 500 performs pretty good in recent days, reflecting the economy of America and the policies provided by Trump. And FTSE 100 went up these days, may because the result ofFrance election fits in the market. However, the stock market of Chinese marketis really weak and lack of energy.
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