Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Beijing crackdown on big tech hits Alibaba’s hip pocket

Published

on

As Beijing’s crackdown on the internet sector continues, Alibaba Group has failed to meet its revenue estimates for the first time in two years

Growth slowed in almost every major area of the company, following the CEO enforcing a number of government policies including strict data collection rules.

The boss also publicly called out companies that block the products or services of competitors.

Alibaba and Tencent Holdings are long-time rivals and have previously blocked each other’s offerings from their platforms in a bid to boost consumer demand.

This has long been a hot topic for Chinese regulators who are concerned that it gives internet firms a greater influence over the public.

Alibaba’s shares fell by 3 percent in early New York trading and the company is one of the first to demonstrate the impacts of Beijing’s influence.

Investors fear industry could be next

Meanwhile, shares in two of China’s biggest online gaming firms have slipped after a state media outlet called them “electronic drugs”

Investors are increasingly concerned about Beijing cracking down on tech firms.

There are now fears the video game sector could be the next to be targeted by Beijing.

Dan Ives explains the Chinese crackdown is like nothing he has ever seen.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

on

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations


The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker


Download the Ticker app

Continue Reading

Money

Wall Street slides as AI spending raises investor concerns

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!

Published

on

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.


Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.

Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.

We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

Money

Tesla brand value plummets amid Elon Musk’s political focus

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Published

on

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.

In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.

#TeslaNews #ElonMusk #BrandValue


Download the Ticker app

Continue Reading

Trending Now