Your email has been successfully added to our mailing list.

×
0 0.000637196336121167 -0.00215053763440857 -0.000716845878136115 0.00167264038231787 0.000716845878136228 0.000955794504181637 -0.00135404221425717
Stock impact report

China food-delivery stocks jump as regulators move to curb price wars [Yahoo! Finance]

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA) 
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
Company Research Source: Yahoo! Finance
Meituan shares closed 14% higher in Hong Kong, Alibaba Group gained 4.6%, while JD.com rose 4.9%. In the U.S., shares in Alibaba and JD jumped 4.6% and and 4.3% in premarket trading, respectively. The rally followed a seminar held by China's market regulator aimed at addressing unfair competition. The regulator's website also reposted a column from the state-backed Economic Daily newspaper calling for an end to price wars in the industry. The Economic Daily said the sector has entered a “vicious cycle” of sacrificing profitability to attract attention, which in turn weighs on broader consumption recovery. Such pricing battles run counter to government efforts to support consumption, it added. Competition in the food-delivery space has intensified since JD.com signaled plans last year to enter the market and compete with Alibaba and Meituan . Since then, the companies have rolled out multiple rounds of subsidies to attract users to their platforms. Meituan reported its large Show less Read more
Impact Snapshot
Event Time:
BABA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for BABA alerts
Opt-in for
BABA alerts

from News Quantified
Opt-in for
BABA alerts

from News Quantified