262.30 -1.49 (-0.56%)
After hours: 7:58PM EST
|Bid||262.70 x 900|
|Ask||262.70 x 1000|
|Day's range||261.57 - 265.67|
|52-week range||169.95 - 319.32|
|Beta (5Y monthly)||1.28|
|PE ratio (TTM)||28.36|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Chinese enterprises are on the chopping block Wednesday as the House votes over new audit rules that could force some Chinese shares off US exchanges
Alibaba (NYSE: BABA) is often called the "Amazon (NASDAQ: AMZN) of China" because it's the country's largest e-commerce and cloud infrastructure company. But that generalization glosses over two key differences between the tech giants.
Companies from Alibaba to Huawei are striving to become relevant in the trillion-dollar auto industry, which itself is seeking an electric transition and intelligent upgrade as 5G comes of age. State-owned automaker SAIC Motor, a major player in China, unveiled this week a new electric vehicle arm called Zhiji, in which Alibaba and a Shanghai government-backed entity are minority shareholders. Alibaba's ties with SAIC can be traced back to 2015 when they jointly announced a $160 million investment in internet-connected cars.