A Chinese internet giant that has rallied 122% over the last 12 months is still getting bullish calls from analysts who say there’s further upside to the stock — thanks to new areas of business like autonomous vehicles. Analysts from Jefferies and Mizuho upgraded their price targets, expecting it to go up to 25% higher. Read more
GUANGZHOU, China — Alibaba reported profitability for its cloud computing business for the first time in a continued push to diversify its business beyond e-commerce as it faces regulatory scrutiny in China. The Chinese tech giant reported adjusted EBITA (earnings before interest, taxes, and amortization) of 24 million yuan ($3 million) for its cloud business in the […] Read more
