옵션 체인은 다양한 행사가격과 만기일에 대한 Alibaba Gr Hldgs의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Alibaba Gr Hldgs에 대한 시장 심리를 평가합니다..

Alibaba Gr Hldgs (NYSE:BABA) 주식, 옵션 체인

Alibaba Gr Hldgs

Alibaba Group Holding

Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.

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Tech

AAPL

BABA

HXSCF

NVDA

지난주는 인공지능(AI)이 중심이 된 기술 세계의 중요한 발전들로 북적였다. AI 수요로 인한 기록적인 이익 증가부터 수출 규칙 위반 가능성에 이르기까지, 기술 산업은 우리를 긴장하게 만들었다. 주요 뉴스들을 간단히 정리하면 다음과 같다.

주간 주요 인공지능 뉴스: AI 수요가 기록적인 이익 촉발, 칩 논란 및 애플 인텔리전스 등

Media

BIDU

미국의 반도체 제재 속에서, 01.ai, 알리바바 그룹 홀딩(NYSE:BABA) 및 바이트댄스(ByteDance)를 포함한 중국 인공지능(AI) 기업들이 AI 비용을 절감하기 위한 노력을 기울이고 있다.

오픈AI의 중국 사촌 알리바바와 바이트댄스, AI 비용을 낮추고 미국 칩 제재에 도전

Asia

Econ #s

KWEB

MCHI

중국의 주요 기술 기업들인 알리바바 그룹 홀딩(NYSE:BABA), JD닷컴(NASDAQ:JD) 및 바이두(NASDAQ:BIDU) 등이 금요일 2% 이상 상승했다. 이는 중국의 GDP 수치가 예상보다 좋게 발표된 데 따른 것이다.

알리바바, JD닷컴 및 바이두 주식이 중국 GDP 성장과 소비자 지출 증가에 따라 상승

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share

Alibaba Group Holding Ltd

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

ALIBABA GROUP HOLDING ADR REP 8 ORD

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) international e-commerce platform AliExpress is launching Singles&#8217; Day in the U.S. for the first time, presenting a new alternative to Black Friday and Cyber Monday deals.
Singles&#8217; Day, recognized as the world&#8217;s largest shopping event, will offer U.S. consumers discounts of up to 90% across various categories, including electronics, home goods, and beauty products, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3285110/alibaba-brings-singles-day-us-aliexpress-offering-alternative-black-friday" rel="noreferrer noopener">reports</a>.
Sales in the U.S. will kick off with a three-day presale event starting on Friday.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/10/41631456/whats-going-on-with-us-listed-chinese-stocks-like-alibaba-jd-nio-li-on-wednesday" rel="noreferrer noopener">China Weighs $1.4 Trillion Debt Plan to Boost Economic Growth: Reuters</a>
During this event, shoppers can preview discounts and save items in their carts. Final purchases on the complete selection will be available from November 11 to November 18.
Alibaba is doubling its international reach through Alibaba International Digital Commerce Group, pushing to expand Singles&#8217; Day amid a highly competitive Chinese market.
In tandem with its Singles&#8217; Day launch, AliExpress recently rolled out AliExpressDirect in the U.S., allowing American retailers to establish storefronts on the platform.
To encourage participation, AliExpress is rolling out several promotional campaigns.
Alibaba pledged over <a target="_blank" href="https://www.benzinga.com/news/24/09/41045187/alibaba-follows-amazon-and-walmart-pours-5-7b-into-holiday-sales-push" rel="noreferrer noopener">40 billion yuan ($5.7 billion)</a> to support merchants on Taobao and Tmall for the Singles&#8217; Day shopping festival. The company allocated 30 billion yuan for consumer vouchers and up to 10 billion yuan to increase traffic.
The platforms also introduced new cost-saving measures for merchants, including waiving commission fees.
<a target="_blank" href="https://www.benzinga.com/news/24/08/40420144/alibabas-cloud-and-digital-commerce-segment-performance-drive-analyst-optimism-after-q1-earnings" rel="noreferrer noopener">Analysts expressed optimism</a> in Alibaba following its first-quarter earnings, with multiple price target increases despite mixed results. Citigroup, JP Morgan, and Benchmark analysts highlighted Alibaba&#8217;s operational stability in a challenging environment, seeing potential in segments like Taobao and Tmall.
Price Action:&nbsp;BABA stock is up 1.01% at $99.39 at&nbsp;the last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41723300/amazon-teams-up-with-j-sto-to-bring-fresh-groceries-to-mexican-shoppers" target="_blank" rel="noreferrer noopener">Amazon Teams Up with Jüsto to Bring Fresh Groceries to Mexican Shoppers</a></li>
</ul>
Photo Via Shutterstock

Emerging Markets

Alibaba Brings Singles' Day Shopping Extravaganza to US with Big Discounts

Whales with a lot of money to spend have taken a noticeably bullish stance on Alibaba Gr Hldgs.
Looking at options history for Alibaba Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $339,810 and 6, calls, for a total amount of $238,260.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $115.0 for Alibaba Gr Hldgs during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Alibaba Gr Hldgs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Alibaba Gr Hldgs's substantial trades, within a strike price spectrum from $90.0 to $115.0 over the preceding 30 days.
<h3>Alibaba Gr Hldgs Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730817954_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$14.9</td>
<td>$14.65</td>
<td>$14.65</td>
<td>$110.00</td>
<td>$73.2K</td>
<td>6.0K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$11.45</td>
<td>$11.35</td>
<td>$11.35</td>
<td>$105.00</td>
<td>$56.7K</td>
<td>2.5K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$14.0</td>
<td>$13.9</td>
<td>$14.0</td>
<td>$110.00</td>
<td>$56.0K</td>
<td>1.6K</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$14.0</td>
<td>$13.35</td>
<td>$14.0</td>
<td>$90.00</td>
<td>$56.0K</td>
<td>10.1K</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$13.0</td>
<td>$12.7</td>
<td>$13.0</td>
<td>$110.00</td>
<td>$52.0K</td>
<td>4.9K</td>
<td style="text-align: right;">40</td>
</tr>
</tbody>
</table>

<h3>About Alibaba Gr Hldgs</h3>
Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.
Having examined the options trading patterns of Alibaba Gr Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Alibaba Gr Hldgs Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 6,120,305, the BABA's price is up by 1.12%, now at $98.67. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 10 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
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Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Alibaba Gr Hldgs options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Check Out What Whales Are Doing With BABA

China's lawmakers have commenced a week-long session to deliberate on what is expected to be the country's most extensive fiscal stimulus since the COVID-19 pandemic, the Financial Times <a target="_blank" href="https://www.ft.com/content/d82840e4-755b-4ecc-9277-93245cc8c8a9" rel="noreferrer noopener">reports</a>. The lawmakers aim to revive confidence in the country's economy.
The Standing Committee of the National People's Congress is considering measures to alleviate the vast debt burdens impacting China's local governments.
U.S.-listed Chinese tech giant stocks Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and U.S.-listed Chinese electric vehicle stocks NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) picked up momentum after the stimulus reports.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41685125/fubotv-q3-earnings-subscribers-grow-9-to-1-61-million-narrows-eps-loss-raises-annual-outlook" rel="noreferrer noopener">FuboTV Q3 Earnings: Subscribers Grow 9% To 1.61 Million, Narrows EPS Loss, Raises Annual Outlook</a>
The proposed fiscal package, anticipated to reach around 10 trillion yuan (about $1.4 trillion) over the next three years, could be crucial in bolstering local government finances while addressing the broader economic slump.
Economists suggest that this initiative must address the challenges faced by households and local governments to stimulate growth effectively.
One key component of the proposed measures includes raising the cap on local government debt to convert "hidden debt" into formal debt, allowing local authorities to issue up to 6 trillion yuan in bonds.
This approach would replace off-the-books liabilities accumulated through financial vehicles established by local governments over the years.
Goldman Sachs analysts told the Financial Times that easing fiscal constraints on local governments is vital for the overall effectiveness of China's current stimulus efforts.
In addition to addressing local debt, the government is weighing new incentives to stimulate household spending and encourage consumer demand.
There are also proposals to increase the fiscal deficit target to 3.6% of GDP next year, up from 3% this year, alongside a potential issuance of an extra 1 trillion yuan in sovereign bonds to recapitalize large state-owned banks.
China's central bank kept its <a target="_blank" href="https://www.benzinga.com/government/24/10/41631456/whats-going-on-with-us-listed-chinese-stocks-like-alibaba-jd-nio-li-on-wednesday" rel="noreferrer noopener">key policy rate</a> unchanged in October, following rate cuts in September aimed at economic support.
The People's Bank of China (PBOC) provided 700 billion yuan ($98.36 billion) through its one-year medium-term lending facility at a stable 2.0% rate.
The PBOC added 292.6 billion yuan via a seven-day reverse repo at 1.5%. September's easing cycle included lowering the one-year MLF rate from 2.3% to 2.0%, a 20-basis-point cut in the seven-day reverse repo, and a reserve requirement reduction, releasing 1 trillion yuan for lending.
Despite the expansive measures, analysts, including Macquarie's Larry Hu, told the Financial Times that these initiatives may suffice to reach the 5% GDP growth target but might fall short of genuinely revitalizing the economy.
Alibaba considered a Chinese tech barometer, and its peers are recuperating from China's domestic regulatory crackdown and a weak economy, which has led to a price war in its e-commerce and cloud businesses. The EV companies are also bearing the brunt of industry weakness leading to a price war.
Price Actions: At the last check on Tuesday, BABA stock was up 2.58% at $100.94 premarket. JD is up 2.08%, BIDU is up 2.44%, NIO is up 3.70%, LI is up 1.99%, and XPEV is up 4.89%.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41684534/charter-communications-beats-q3-estimates-on-strong-mobile-growth-expanding-margins" target="_blank" rel="noreferrer noopener">Charter Communications Beats Q3 Estimates On Strong Mobile Growth, Expanding Margins</a></li>
</ul>
Photo by Oleg Elkov via Shutterstock

Government

Regulations

XPEV

What's Going On With US Listed Chinese Stocks Like Alibaba, JD, Nio On Tuesday?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$242.50</td>
<td>$129.7K</td>
<td>2.3K</td>
<td>23.5K</td>
</tr>
<tr>
<td>SN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$90.00</td>
<td>$40.9K</td>
<td>1.0K</td>
<td>10.4K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$105.00</td>
<td>$132.5K</td>
<td>14.7K</td>
<td>2.7K</td>
</tr>
<tr>
<td>NCLH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$30.00</td>
<td>$270.0K</td>
<td>0</td>
<td>1.0K</td>
</tr>
<tr>
<td>FND</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$110.00</td>
<td>$30.2K</td>
<td>5</td>
<td>996</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$190.00</td>
<td>$34.1K</td>
<td>3.3K</td>
<td>594</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$35.00</td>
<td>$35.0K</td>
<td>1.2K</td>
<td>373</td>
</tr>
<tr>
<td>ANF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$143.00</td>
<td>$25.0K</td>
<td>46</td>
<td>228</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/08/24</td>
<td>$215.00</td>
<td>$78.8K</td>
<td>683</td>
<td>181</td>
</tr>
<tr>
<td>HLT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$240.00</td>
<td>$96.5K</td>
<td>1.8K</td>
<td>157</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bullish, expiring in 4 day(s) on November 8, 2024. This event was a transfer of 188 contract(s) at a $242.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $129.7K, with a price of $690.0 per contract. There were 2359 open contracts at this strike prior to today, and today 23518 contract(s) were bought and sold. 
• For SN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SN#NYSE">SN</a>), we notice a put option sweep that happens to be bearish, expiring in 11 day(s) on November 15, 2024. This event was a transfer of 149 contract(s) at a $90.00 strike. This particular put needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $40.9K, with a price of $275.0 per contract. There were 1021 open contracts at this strike prior to today, and today 10447 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bullish, expiring in 74 day(s) on January 17, 2025. This event was a transfer of 250 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $132.5K, with a price of $530.0 per contract. There were 14795 open contracts at this strike prior to today, and today 2798 contract(s) were bought and sold. 
• Regarding NCLH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), we observe a call option trade with bearish sentiment. It expires in 319 day(s) on September 19, 2025. Parties traded 1000 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $270.0K, with a price of $270.0 per contract. There were 0 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• Regarding FND (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>), we observe a put option sweep with bullish sentiment. It expires in 46 day(s) on December 20, 2024. Parties traded 42 contract(s) at a $110.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $30.2K, with a price of $720.0 per contract. There were 5 open contracts at this strike prior to today, and today 996 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with neutral sentiment. It expires in 137 day(s) on March 21, 2025. Parties traded 18 contract(s) at a $190.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $34.1K, with a price of $1895.0 per contract. There were 3306 open contracts at this strike prior to today, and today 594 contract(s) were bought and sold. 
• For DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we notice a call option trade that happens to be bearish, expiring in 46 day(s) on December 20, 2024. This event was a transfer of 100 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $350.0 per contract. There were 1208 open contracts at this strike prior to today, and today 373 contract(s) were bought and sold. 
• For ANF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on November 8, 2024. This event was a transfer of 100 contract(s) at a $143.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 46 open contracts at this strike prior to today, and today 228 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a call option trade that happens to be neutral, expiring in 4 day(s) on November 8, 2024. This event was a transfer of 60 contract(s) at a $215.00 strike. The total cost received by the writing party (or parties) was $78.8K, with a price of $1314.0 per contract. There were 683 open contracts at this strike prior to today, and today 181 contract(s) were bought and sold. 
• For HLT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), we notice a call option sweep that happens to be bearish, expiring in 74 day(s) on January 17, 2025. This event was a transfer of 127 contract(s) at a $240.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $96.5K, with a price of $760.0 per contract. There were 1887 open contracts at this strike prior to today, and today 157 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

CVNA

DKNG

NCLH

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) recently made cuts to its metaverse division, Yuanjing, as part of a broader trend of tech companies scaling back their investments in <a href="https://www.benzinga.com/news/24/09/41032461/meta-unveils-new-ai-features-quest-3s-llama-3-2-holographic-orion-glasses-at-connect-2024-we-are-get">the once-hyped sector. </a>
The Details: Alibaba has laid off dozens of employees in its metaverse unit as part of its restructuring efforts designed to improve efficiency and optimize operations, according to sources and <a href="https://finance.yahoo.com/news/alibaba-cuts-dozens-employees-metaverse-093000844.html?guce_referrer=aHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS9xdW90ZS9CQUJBLz9ndWNjb3VudGVyPTE&amp;guce_referrer_sig=AQAAAFlwYoLDL22Yb5378py0rcStI-uiNrPK1Pwt8mNGnzs9QFt142yIH9FACqjqsG8Hd6JhlufP40UuHc66Y6BmcqSJiiIC1zIkXQFVfkGILRR_T0sK7dcZlNkpc749ozdf05Xve6ndEX_Hd8IDgDdtURGZIzkeupYQ60YNArIlm5AS&amp;guccounter=2">reported by</a> the Alibaba-owned South China Morning Post. 
The company's metaverse unit, established in 2021 during a period of intense interest in the concept, had previously employed hundreds of people and received billions of yuan in funding. 
The division will continue to operate despite the layoffs, focusing on metaverse applications, tools, and services for clients, the source reported. 
Read Next: <a href="https://www.benzinga.com/markets/asia/24/10/41656452/alibabas-strong-singles-day-sales-kickoff-hints-at-china-consumer-rebound">Alibaba&#8217;s Strong Singles&#8217; Day Sales Kickoff Hints At China Consumer Rebound</a>
Alibaba&#8217;s metaverse-related projects have included leading a $60 million funding round in Chinese augmented-reality (AR) glasses maker Nreal. Alibaba's Yuanjing unit also developed a cloud-based operating system for using the metaverse with gaming and industrial applications.
Alibaba did not provide details regarding the layoffs, often called &#8220;optimization&#8221; in China, but the cuts come as other tech companies increasingly turn away from the metaverse and focus their efforts on AI applications. Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) announced cuts to its metaverse division, Reality Labs last year and reported a $4.4 billion loss <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41658862/meta-is-an-ai-story-fueled-by-llama-and-meta-ai-says-bullish-analyst">in the division</a> with its third-quarter earnings last week. 
Investors may learn more details about Alibaba's Yuanjing unit and restructuring efforts when the company reports its second-quarter financial results on Nov. 15 before the opening bell. 
According to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, analysts expect the company to report earnings of $2.10 per share and quarterly revenue of $33.95 billion. 
Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Alibaba shares are up 1.58% at $99.12 at the time of publication Monday. 
Read Also:&nbsp;
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41690154/shock-october-jobs-report-leaves-fed-in-tight-spot-experts-say-interest-rate-cuts-a">Shock October Jobs Report Leaves Fed In &#8216;Tight Spot:&#8217; Experts Say Interest Rate Cuts Ahead</a></li>
</ul>
Image: Shutterstock

Gaming

Large Cap

Movers

General

Alibaba Layoffs Hit Metaverse Division: Will The Chinese E-Commerce Giant Double-Down On AI?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$120.00</td>
<td>$197.0K</td>
<td>29.0K</td>
<td>4.6K</td>
</tr>
<tr>
<td>MAR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$245.00</td>
<td>$70.0K</td>
<td>7</td>
<td>1.0K</td>
</tr>
<tr>
<td>XPEV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$13.00</td>
<td>$28.2K</td>
<td>155</td>
<td>402</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$120.00</td>
<td>$26.5K</td>
<td>15.6K</td>
<td>331</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$49.3K</td>
<td>8.0K</td>
<td>305</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$330.00</td>
<td>$36.9K</td>
<td>809</td>
<td>264</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$78.00</td>
<td>$516.0K</td>
<td>434</td>
<td>258</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$40.00</td>
<td>$57.2K</td>
<td>242</td>
<td>220</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$110.00</td>
<td>$57.6K</td>
<td>1.1K</td>
<td>102</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$61.4K</td>
<td>181</td>
<td>64</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bullish, expiring in 77 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $197.0K, with a price of $197.0 per contract. There were 29019 open contracts at this strike prior to today, and today 4648 contract(s) were bought and sold. 
• Regarding MAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>), we observe a put option trade with bullish sentiment. It expires in 14 day(s) on November 15, 2024. Parties traded 350 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $70.0K, with a price of $200.0 per contract. There were 7 open contracts at this strike prior to today, and today 1003 contract(s) were bought and sold. 
• For XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we notice a put option trade that happens to be bearish, is expiring today. Parties traded 196 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $28.2K, with a price of $144.0 per contract. There were 155 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a put option sweep with neutral sentiment. It expires in 14 day(s) on November 15, 2024. Parties traded 58 contract(s) at a $120.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $457.0 per contract. There were 15667 open contracts at this strike prior to today, and today 331 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a call option sweep with bearish sentiment. It expires in 77 day(s) on January 17, 2025. Parties traded 79 contract(s) at a $35.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $49.3K, with a price of $625.0 per contract. There were 8095 open contracts at this strike prior to today, and today 305 contract(s) were bought and sold. 
• Regarding LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we observe a call option sweep with bullish sentiment. It expires in 77 day(s) on January 17, 2025. Parties traded 15 contract(s) at a $330.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.9K, with a price of $2469.0 per contract. There were 809 open contracts at this strike prior to today, and today 264 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a put option sweep that happens to be bullish, expiring in 441 day(s) on January 16, 2026. This event was a transfer of 258 contract(s) at a $78.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $516.0K, with a price of $2000.0 per contract. There were 434 open contracts at this strike prior to today, and today 258 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a call option trade with bearish sentiment. It expires in 112 day(s) on February 21, 2025. Parties traded 97 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $57.2K, with a price of $590.0 per contract. There were 242 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with bearish sentiment. It expires in 441 day(s) on January 16, 2026. Parties traded 63 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $57.6K, with a price of $915.0 per contract. There were 1155 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• For LEN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), we notice a put option trade that happens to be neutral, expiring in 77 day(s) on January 17, 2025. This event was a transfer of 20 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $61.4K, with a price of $3070.0 per contract. There were 181 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LULU

Citigourp Global Markets 2% Protected Notes Linked To The Djia

SBUX

Alibaba Group Holdings, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) reported strong demand during the initial sales period of its Singles&#8217; Day shopping festival, signaling a potential rebound in <a href="https://www.benzinga.com/news/24/10/41580089/alibaba-becomes-key-holding-in-chinese-fund-managers-portfolio-economic-measures-spark-interest-in-l">consumer confidence in China.&nbsp;</a>
Singles' Day is the world's largest online shopping festival and while the holiday itself is on Nov. 11, Alibaba hosts a nearly month-long sales event leading up to the holiday on its Taobao and Tmall e-commerce platforms.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/earnings/24/10/41652277/amds-ai-data-center-business-booms-ceo-says-its-closed-a-good-part-of-that-gap-with-nvidia">AMD&#8217;s AI Data Center Business Booms: CEO Says It&#8217;s &#8216;Closed A Good Part Of That Gap&#8217; With Nvidia</a>
Solid Sales: During the initial sales period which began on Oct. 14, Alibaba reported &#8220;solid momentum&#8221; with 284 brands each surpassing sales of approximately $14 million. Taobao and Tmall saw strong sales growth in designer toys, niche home appliances and furniture.&nbsp;
Pet products and pet food were also in high demand with 658 brands doubling their sales in the first four hours compared to the same period last year.
Online consumer spending has picked up in China, according to data from Meritco Services. The major e-commerce platforms, Tmall and Taobao, JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) and ByteDance's Douyin reported a five-fold increase in daily sales for cosmetics and designer toys in the lead up to Singles' Day compared to earlier months of the year. 
E-commerce sites also saw nearly four-fold growth in sales of outdoor gear over the same period. 
China's Economy: China recently unleashed a broad set of policies intended to revive its slowing economy and is considering another substantial<a href="https://www.benzinga.com/government/24/10/41631456/whats-going-on-with-us-listed-chinese-stocks-like-alibaba-jd-nio-li-on-wednesday"> fiscal initiative</a> next week with plans to approve over $1.4 trillion in additional debt issuance.
Singles' Day has become a proxy for consumer sentiment in China and an indicator of its economic health. The sales results from the initial Singles' Day promotion period suggest consumer confidence in China is looking up.&nbsp;
BABA Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Alibaba shares are down 1.59% at $97.13 at the time of publication Thursday.
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41631795/reddit-remains-a-favorite-for-wall-street-after-emphatic-beat-and-raise-in-q3">Reddit &#8216;Remains A Favorite&#8217; For Wall Street After &#8216;Emphatic Beat And Raise&#8217; In Q3</a></li>
</ul>
Image: Markus Winkler from Pixabay

Global

Alibaba's Strong Singles' Day Sales Kickoff Hints At China Consumer Rebound

China is considering a substantial fiscal initiative next week to boost its slowing economy. It plans to approve over 10 trillion yuan ($1.4 trillion) in additional debt issuance.
The Standing Committee of the National People&#8217;s Congress (NPC) is set to decide on the measure, which includes 6 trillion yuan in special sovereign bonds to ease local government debt burdens, Reuters reports.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41580089/alibaba-becomes-key-holding-in-chinese-fund-managers-portfolio-economic-measures-spark-interest-in-l" rel="noreferrer noopener">Alibaba Becomes Key Holding in Chinese Fund Manager&#8217;s Portfolio, Economic Measures Spark Interest in Leading Tech</a>
Chinese stocks listed in the U.S., including Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) are trading lower on Wednesday.
This legislative approval, expected on the final day of the NPC&#8217;s November 4-8 meeting, could signal a shift towards more significant economic stimulus, notably if Donald Trump, who vowed to intensify tariffs on Chinese goods, wins the upcoming U.S. election.
Beijing&#8217;s renewed stimulus efforts coincide with increased global scrutiny of China&#8217;s economic policies.
The government has implemented its most robust monetary measures since the 2020 pandemic and hinted at additional fiscal aid.
Analysts told Reuters the 10-trillion-yuan package indicates a more aggressive approach to shore up China&#8217;s economy but remains less extensive than the 2008 stimulus.
To ease local governments&#8217; debt pressures, the NPC Standing Committee may also approve up to 4 trillion yuan in special-purpose bonds over five years, designated for land and property acquisitions.
If sanctioned in full, this move could raise the overall fiscal package to over 10 trillion yuan.
China&#8217;s central bank held its key policy rate steady in October, following September&#8217;s rate cuts aimed at boosting the economy. Last Friday, the People&#8217;s Bank of China (PBOC) injected 700 billion yuan ($98.36 billion) through its one-year medium-term lending facility, maintaining the rate at 2.0%.
In a separate move, the central bank added 292.6 billion yuan via a seven-day reverse repo at a steady 1.5% rate.
The latest easing cycle started in late September when the PBOC lowered the one-year MLF rate from 2.3% to 2.0% and cut the seven-day reverse repo rate by 20 basis points. Additionally, it reduced reserve requirements, releasing 1 trillion yuan for lending.
In response, China&#8217;s commercial banks reduced benchmark lending rates by 25 basis points to support the struggling property market.
Price Actions: BABA stock is down 0.85% at $98.98 at the last check on Wednesday. JD is down 2.11%, BIDU is down 0.99%, NIO is down 4.38%.
Also Read:
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<li><a href="https://www.benzinga.com/government/24/10/41601188/intel-strengthens-ties-with-china-invests-300-million-to-expand-chip-operations" target="_blank" rel="noreferrer noopener">Intel Strengthens Ties with China, Invests $300 Million to Expand Chip Operations</a></li>
</ul>
Image via Shutterstock

What's Going On With US Listed Chinese Stocks Like Alibaba, JD, Nio, Li On Wednesday?

AliExpress Launches AliExpressDirect To Attract U.S.-Based Retailers With 0% Commission And $0 Onboarding Costs; Offers Comprehensive Marketing And Customer Support, Easy Shop Setup, And Upcoming API Integration For Omnichannel Sync

Financial giants have made a conspicuous bullish move on Alibaba Gr Hldgs. Our analysis of options history for Alibaba Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) revealed 64 unusual trades.
Delving into the details, we found 43% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $1,269,874, and 54 were calls, valued at $2,711,417.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $170.0 for Alibaba Gr Hldgs over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Alibaba Gr Hldgs options trades today is 4689.34 with a total volume of 57,162.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Alibaba Gr Hldgs's big money trades within a strike price range of $70.0 to $170.0 over the last 30 days.
<h3>Alibaba Gr Hldgs Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730143828_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$40.05</td>
<td>$39.85</td>
<td>$40.05</td>
<td>$140.00</td>
<td>$276.3K</td>
<td>208</td>
<td>0</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$4.05</td>
<td>$4.05</td>
<td>$4.05</td>
<td>$99.00</td>
<td>$181.8K</td>
<td>234</td>
<td>492</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$17.8</td>
<td>$17.5</td>
<td>$17.5</td>
<td>$100.00</td>
<td>$175.1K</td>
<td>793</td>
<td>125</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$1.57</td>
<td>$1.51</td>
<td>$1.57</td>
<td>$115.00</td>
<td>$157.0K</td>
<td>932</td>
<td>1.0K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$11.95</td>
<td>$11.8</td>
<td>$11.95</td>
<td>$90.00</td>
<td>$119.5K</td>
<td>8.8K</td>
<td>250</td>
</tr>
</tbody>
</table>

<h3>About Alibaba Gr Hldgs</h3>
Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.
Following our analysis of the options activities associated with Alibaba Gr Hldgs, we pivot to a closer look at the company's own performance.
<h3>Current Position of Alibaba Gr Hldgs</h3>
<ul>
<li>With a trading volume of 12,060,229, the price of BABA is up by 3.04%, reaching $100.38.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 17 days from now.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Alibaba Gr Hldgs options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Alibaba Gr Hldgs Unusual Options Activity For October 28

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$272.50</td>
<td>$32.9K</td>
<td>3.7K</td>
<td>39.7K</td>
</tr>
<tr>
<td>VFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$17.50</td>
<td>$77.8K</td>
<td>1.0K</td>
<td>11.5K</td>
</tr>
<tr>
<td>FIVE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$105.00</td>
<td>$315.1K</td>
<td>7.4K</td>
<td>7.0K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$249.5K</td>
<td>47.8K</td>
<td>2.0K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$100.00</td>
<td>$30.1K</td>
<td>673</td>
<td>566</td>
</tr>
<tr>
<td>ETSY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$49.50</td>
<td>$55.4K</td>
<td>177</td>
<td>299</td>
</tr>
<tr>
<td>LVS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$65.00</td>
<td>$202.5K</td>
<td>6</td>
<td>165</td>
</tr>
<tr>
<td>BBY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$95.00</td>
<td>$50.1K</td>
<td>1.0K</td>
<td>142</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$270.00</td>
<td>$38.2K</td>
<td>0</td>
<td>130</td>
</tr>
<tr>
<td>SKY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$85.00</td>
<td>$89.1K</td>
<td>4</td>
<td>116</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 1, 2024. This event was a transfer of 65 contract(s) at a $272.50 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $32.9K, with a price of $510.0 per contract. There were 3712 open contracts at this strike prior to today, and today 39776 contract(s) were bought and sold. 
• Regarding VFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on November 1, 2024. Parties traded 771 contract(s) at a $17.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $77.8K, with a price of $101.0 per contract. There were 1063 open contracts at this strike prior to today, and today 11529 contract(s) were bought and sold. 
• Regarding FIVE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>), we observe a call option trade with bearish sentiment. It expires in 18 day(s) on November 15, 2024. Parties traded 3001 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $315.1K, with a price of $105.0 per contract. There were 7491 open contracts at this strike prior to today, and today 7095 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, expiring in 81 day(s) on January 17, 2025. This event was a transfer of 322 contract(s) at a $200.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $249.5K, with a price of $775.0 per contract. There were 47847 open contracts at this strike prior to today, and today 2048 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bullish sentiment. It expires in 32 day(s) on November 29, 2024. Parties traded 50 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $602.0 per contract. There were 673 open contracts at this strike prior to today, and today 566 contract(s) were bought and sold. 
• Regarding ETSY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), we observe a put option trade with bullish sentiment. It expires in 4 day(s) on November 1, 2024. Parties traded 200 contract(s) at a $49.50 strike. The total cost received by the writing party (or parties) was $55.4K, with a price of $277.0 per contract. There were 177 open contracts at this strike prior to today, and today 299 contract(s) were bought and sold. 
• Regarding LVS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), we observe a put option sweep with bullish sentiment. It expires in 235 day(s) on June 20, 2025. Parties traded 164 contract(s) at a $65.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $202.5K, with a price of $1235.0 per contract. There were 6 open contracts at this strike prior to today, and today 165 contract(s) were bought and sold. 
• For BBY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), we notice a call option sweep that happens to be neutral, expiring in 53 day(s) on December 20, 2024. This event was a transfer of 131 contract(s) at a $95.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $50.1K, with a price of $382.0 per contract. There were 1031 open contracts at this strike prior to today, and today 142 contract(s) were bought and sold. 
• For RCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), we notice a call option trade that happens to be bearish, expiring in 263 day(s) on July 18, 2025. This event was a transfer of 50 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $38.2K, with a price of $765.0 per contract. There were 0 open contracts at this strike prior to today, and today 130 contract(s) were bought and sold. 
• Regarding SKY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKY#NYSE">SKY</a>), we observe a call option sweep with bullish sentiment. It expires in 18 day(s) on November 15, 2024. Parties traded 104 contract(s) at a $85.00 strike. This particular call needed to be split into 104 different trades to become filled. The total cost received by the writing party (or parties) was $89.1K, with a price of $860.0 per contract. There were 4 open contracts at this strike prior to today, and today 116 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Shares of US-listed Chinese stocks are trading higher. The People's Bank of China announced it will use outright reverse repurchase agreements to enhance liquidity management, which may boost investor confidence and boost China's monetary policy.

Chinese fund manager Zhang Kun invested in Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) in the third quarter, making it the second-largest holding in his $8.5 billion portfolio, as leading tech and consumer stocks attract interest after years of underperformance.
Zhang, of Guangzhou-based E Fund Management, purchased 40.4 million Hong Kong-listed Alibaba shares via his E Fund Blue Chip Selected Mixed Fund, representing 9.1% of the fund&#8217;s assets, SCMP <a target="_blank" href="https://www.scmp.com/business/china-business/article/3283777/hong-kong-stocks-rise-pare-weekly-loss-china-growth-prospects-brighten?module=perpetual_scroll_1_RM&amp;pgtype=article" rel="noreferrer noopener">cites</a> its quarterly report.
Zhang noted that certain consumer companies now offer dividend yields among the highest in the market, often surpassing dividend index constituents.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41555316/l3harris-poised-for-2025-growth-analysts-highlight-q3-earnings-beat-solid-orders-an" rel="noreferrer noopener">L3Harris Poised For 2025 Growth: Analysts Highlight Q3 Earnings Beat, Solid Orders, And Margin Expansion Potential</a>
This trend, alongside Alibaba&#8217;s 56% jump in Hong Kong during the third quarter, likely motivated Zhang&#8217;s move ahead of Alibaba&#8217;s second-quarter results on November 15 and the Singles Day shopping festival.
His flagship $6.2 billion Blue Chip fund gained 15.1% last quarter, outperforming a 12% benchmark rise.
The boost follows <a target="_blank" href="https://www.benzinga.com/government/24/10/41547149/whats-going-on-us-listed-chinese-stocks-on-friday" rel="noreferrer noopener">Beijing&#8217;s recent economic measures</a>, including 800 billion yuan in stock support and eased property restrictions, which have driven strong stock performance.
People&#8217;s Bank of China upheld its key policy rate in October after prior cuts aimed at economic stimulus.
Last Friday, the central bank injected 700 billion yuan ($98.36 billion) into the banking system via a one-year medium-term lending facility, holding the rate steady at 2.0%.
The central bank also boosted liquidity with 292.6 billion yuan through a seven-day reverse repo at a fixed rate of 1.5%.
China&#8217;s current easing efforts began in late September, including slashing rates and lowering reserve requirements, adding 1 trillion yuan in available lending.
China&#8217;s commercial banks followed suit, cutting benchmark lending rates by 25 basis points to support the property sector.
The IMF recently revised China&#8217;s 2024 growth forecast to 4.8%, but UBS and Goldman Sachs expect growth to be near 5% in light of these economic boosts.
Price Action: BABA stock is up 3.09% at $100.43 at the last check on Monday.
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Image via Shutterstock

Trading Ideas

Alibaba Becomes Key Holding in Chinese Fund Manager's Portfolio, Economic Measures Spark Interest in Leading Tech

The week was buzzing with significant developments in the tech world, with artificial intelligence (AI) at the center of it all. From record-breaking profits driven by AI demand to potential violations of export rules, the tech industry kept us on our toes. Here&#8217;s a quick roundup of the top stories that shaped the weekend.
Nvidia Supplier SK Hynix Hits Record Profits
SK Hynix (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HXSCF#OTC">HXSCF</a>), a key supplier to Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), reported a record-breaking quarterly profit, fueled by the rising demand for artificial intelligence technology. The South Korean semiconductor company posted a 7% revenue increase from the previous quarter, marking its highest-ever quarterly revenue.
<a href="https://www.benzinga.com/markets/equities/24/10/41509305/nvidia-supplier-sk-hynix-reports-record-breaking-quarterly-profit-as-ai-demand-drives-7-revenue-">Read the full article here.</a>
TSMC&#8217;s Chip Found in Huawei&#8217;s AI Product
Taiwan Semiconductor Manufacturing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) alerted the U.S. Commerce Department after a tech research firm discovered one of its chips in a Huawei product. The product in question is Huawei's Ascend 910B, considered the most advanced AI chip from a Chinese company.
<a href="https://www.benzinga.com/markets/equities/24/10/41482288/tsmc-alerts-us-after-its-chip-is-found-in-huaweis-ai-product-potentially-violating-export-rules">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/esg/24/10/41426513/plug-power-evgo-enovix-analyst-clean-tech-picks-for-navigating-election-exposure-hedging-uncertainty?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Plug Power, EVgo, Enovix: Analyst Clean Tech Picks For Navigating Election Exposure, Hedging Uncertainty</a>
Chinese AI Firms Defy US Chip Sanctions
Despite U.S. chip sanctions, Chinese AI firms, including Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and ByteDance Ltd., are making strides in reducing AI costs. These companies are focusing on smaller data sets, hiring cheaper engineering talent, and optimizing hardware.
<a href="https://www.benzinga.com/news/24/10/41420451/openais-chinese-cousins-alibaba-and-bytedance-are-slashing-ai-costs-and-defying-us-chip-sanctions-be">Read the full article here.</a>
Apple Intelligence Set to Revolutionize Products
Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook has high expectations for Apple Intelligence, believing it will make their products &#8216;profoundly different&#8217;. Cook anticipates that the release of Apple Intelligence will be one of the biggest technology releases in Apple&#8217;s history.
<a href="https://www.benzinga.com/success-stories/24/10/41441641/apple-ceo-tim-cook-says-apple-intelligence-will-make-products-profoundly-different-new-ai-technol">Read the full article here.</a>
Nvidia&#8217;s New AI Model Outperforms Competitors
Nvidia Corp. introduced a new AI model, Llama-3.1-Nemotron-70B-Instruct, that has reportedly outperformed its competitors in benchmark tests. The model, built on Meta Platforms Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Llama 3.1 framework, has shown remarkable efficiency and performance.
<a href="https://www.benzinga.com/news/24/10/41422278/nvidias-new-free-open-source-ai-model-reportedly-outperforms-openais-gpt-4o-anthropics-claude-3-5-so">Read the full article here.</a>
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Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

AI Demand Fuels Record Profits, Chip Controversies, And Tech Giants Redefine AI Landscape: This Week In The World Of Artificial Intelligence

In a recent development, Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) has decided to settle a class-action lawsuit filed by its shareholders for $433.5 million. The lawsuit alleged that the company had made <a href="https://www.benzinga.com/government/24/08/40650893/alibaba-clears-3-year-regulatory-antitrust-scrutiny-stock-gains">misleading statements about its exclusivity</a> practices.
What Happened: The e-commerce behemoth, based in China, denied all allegations of fault, liability, wrongdoing, or damages, <a href="https://www.wsj.com/articles/alibaba-agrees-to-433-5-million-settlement-in-shareholder-lawsuit-6d11a5d3">reported</a> The Wall Street Journal on Wednesday. The company stated in a regulatory filing that it opted for the settlement to evade further litigation costs and disruptions.
The lawsuit was filed in the U.S. District Court in the Southern District of New York in March 2023. It accused Alibaba of violating federal securities laws by making numerous false statements about its antitrust and exclusivity practices. This allegedly led to an artificial inflation of its stock price, causing financial losses to investors.
See Also: <a href="https://www.benzinga.com/news/24/10/41541512/iranian-hackers-leak-stolen-emails-from-trumps-2024-campaign-ahead-of-nov-5-election-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Iranian Hackers Leak Stolen Emails From Trump&#8217;s 2024 Campaign Ahead Of Nov. 5 Election: Report</a>
The legal action was initiated against Alibaba, along with certain directors and officers, representing all investors who purchased or otherwise acquired the company's American depositary shares between July 9, 2020, and Dec. 23, 2020.
Why It Matters: The lawsuit alleged that Alibaba <a href="https://www.benzinga.com/news/23/12/36423618/alibaba-hit-with-billion-yuan-fine-jd-com-triumphs-in-landmark-monopoly-lawsuit">enforced exclusivity practices</a> that &#8220;required or coerced merchants to sell exclusively on Alibaba platforms,&#8221; and penalized merchants who sold on competitors' platforms. The company allegedly continued these practices even after promising to stop them in an agreement signed in July 2020 with the State Administration for Market Regulation, which enforces China's e-commerce and antimonopoly laws.
The settlement, however, is still subject to several conditions, including court approval.
Read Next: <a href="https://www.benzinga.com/news/24/10/41481008/the-guy-who-tracked-elon-musk-taylor-swifts-private-jet-wants-to-know-whos-behind-his-suspended-soci?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">The Guy Who Tracked Elon Musk, Taylor Swift&#8217;s Private Jet Wants To Know &#8216;Who&#8217;s Behind&#8217; His Suspended Social Media Accounts</a>
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Equities

Alibaba Agrees To $433.5M Settlement In Shareholder Class Action Lawsuit

Shares of US-listed Chinese stocks are trading higher. Chinese stocks have been volatile amid recent stimulus and PBoC measures.

Apple Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) smartphone sales declined 0.3% year over year in the third quarter, though demand for the iPhone 16 series, launched in September, held steady compared to previous generations, according to the IDC <a target="_blank" href="https://www.idc.com/getdoc.jsp?containerId=prAP52680124" rel="noreferrer noopener">report</a>.
This performance helped Apple regain its No. 2 position in China&#8217;s smartphone market, achieving a 15.6% market share—just behind Vivo, which led the market with an 18.6% share, boosted by 21.5% growth in shipments.
In a strong comeback, Huawei Technologies Co grew its shipments by 42% yearly to capture 15.3% of the market, following four consecutive quarters of double-digit growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41526650/apples-ai-powered-future-iphone-growth-surge-by-2026-with-new-iphone-17-ai-integration-analyst-says" rel="noreferrer noopener">Apple&#8217;s AI-Powered Future: iPhone Growth Surge By 2026 With New iPhone 17, AI Integration, Analyst Says</a>
Huawei&#8217;s advanced China-made processor, which stoked patriotic support amid the tense geopolitical backdrop, has driven the brand&#8217;s premium segment success despite U.S. sanctions.
Xiaomi Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) also saw gains, ranking fourth with a 14.8% market share as its shipments increased by 12.8%, fueled by a push in both budget-friendly and high-end segments.
Honor, the former Huawei sub-brand, took fifth place with a 14.6% share, though its shipments declined by 22.5% during the quarter.
The overall Chinese smartphone market, the world&#8217;s largest, grew 3.2% year on year to 68.8 million units in the third quarter, marking a fourth straight quarter of growth. IDC analyst Arthur Guo attributed this rise to a &#8220;significant wave of device upgrades&#8221; driving China&#8217;s smartphone recovery.
The performance coincides with China&#8217;s stimulus plans and the upcoming holiday season.
Meanwhile, Apple offered <a target="_blank" href="https://www.benzinga.com/government/24/10/41399541/apple-iphone-16-sees-20-sales-surge-in-china-but-ai-absence-prompts-early-price-cuts" rel="noreferrer noopener">notable promotions for</a> the iPhone 16 in China, with pre-release discounts on platforms like PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) Pinduoduo and Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Taobao. Ahead of Singles&#8217; Day, Apple added further price reductions to attract more buyers.
Apple chief Tim Cook <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41478952/tim-cook-engages-with-chinas-it-minister-as-iphone-maker-aims-to-enhance-local-user-experience-w" rel="noreferrer noopener">recently met with</a> Jin Zhuanglong, China&#8217;s Minister for Industry and Information Technology. The minister reportedly expressed hopes that Apple will grow its presence in China and collaborate with local firms.
The visit marks Cook&#8217;s second visit to China in 2024. He showcased his visits to an organic farm and historic neighborhoods during his trip.
Needham&nbsp;analyst Laura Martin&nbsp;expects iPhone sales <a target="_blank" href="https://www.benzinga.com/news/24/09/41005053/apple-iphone-to-fuel-96-of-2025-revenue-analyst-says-a-safer-bet-than-ai-heavy-amazon-alphabet-micro" rel="noreferrer noopener">to account for</a> 89%-96% of Apple&#8217;s 2025 revenue.
Apple stock gained 35% in the last 12 months. Investors can gain exposure to the stock through iShares Global Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IXN#NYSE">IXN</a>) and Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>).
Price Action: AAPL stock is up 0.85% at $232.52 at the last check on Friday.
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Photo by Apple

iShares Trust S&P Global Information Technology Sector Index Fund

XIACF

XIACY

Apple's Q3 Smartphone Sales Slip Despite Strong iPhone 16 Demand, Market Share Dropped Slightly

US-listed Chinese stocks responded positively to the People&#8217;s Bank of China&#8217;s latest move on key rate policy.
China&#8217;s central bank maintained its key policy rate in October, meeting expectations after last month&#8217;s rate cuts to boost the economy.
On Friday, the People&#8217;s Bank of China injected 700 billion yuan ($98.36 billion) into the banking system through its one-year medium-term lending facility, keeping the rate steady at 2.0%, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/economy/central-banking/chinas-central-bank-holds-key-policy-steady-c84c46e4" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/10/41528255/googles-2b-investment-in-anthropic-under-scrutiny-uk-opens-competition-inquiry" rel="noreferrer noopener">Google&#8217;s $2B Investment in Anthropic Under Scrutiny, UK Opens Competition Inquiry</a>
This move involved a net cash withdrawal of 89 billion yuan as the central bank shifted focus to short-term tools for market guidance.
In a separate operation, the PBOC added 292.6 billion yuan via a seven-day reverse repo at an unchanged rate of 1.5%.
Chinese tech giant Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) are trading higher on Friday. Electric vehicle companies NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), and ZEEKR Intelligent Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) are trading higher too.
China&#8217;s latest easing cycle began in late September when the PBOC slashed the one-year MLF rate from 2.3% to 2.0% and reduced the seven-day reverse repo rate by 20 basis points.
The central bank also decreased reserve requirements, freeing 1 trillion yuan for lending, with another adjustment expected by year&#8217;s end.
China&#8217;s commercial banks responded by cutting benchmark lending rates by 25 basis points on Monday, aiming to support the property market.
This week, the IMF cut China&#8217;s <a target="_blank" href="https://www.benzinga.com/government/24/10/41517352/whats-going-on-with-us-listed-chinese-firms-alibaba-jd-baidu-stocks-on-thursday" rel="noreferrer noopener">2024 growth forecast</a> from 5% to 4.8% due to low consumer confidence and property market challenges.
Despite these issues, international institutions, including UBS and Goldman Sachs, raised their 2024 growth forecasts for China, predicting growth could approach 5% following recent stimulus efforts.
Price Actions: At the last check on Friday, BABA stock was up 2.47% at $98.172. JD is up 3.29%, BIDU is up 1.33%, NIO is up 5.54%, LI is up 6.41%, XPEV is up 7.65%, and ZK is up 14.50%.
Also Read:
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</ul>
Photo by Oleg Elkov via Shutterstock

What's Going On US-Listed Chinese Stocks On Friday?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$260.00</td>
<td>$29.7K</td>
<td>14.7K</td>
<td>146.4K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$25.0K</td>
<td>8.6K</td>
<td>4.2K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$100.00</td>
<td>$40.8K</td>
<td>7.4K</td>
<td>3.3K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$190.00</td>
<td>$29.4K</td>
<td>7.7K</td>
<td>2.5K</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$36.00</td>
<td>$26.9K</td>
<td>334</td>
<td>795</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$125.00</td>
<td>$38.4K</td>
<td>561</td>
<td>792</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$100.00</td>
<td>$25.1K</td>
<td>12.9K</td>
<td>602</td>
</tr>
<tr>
<td>JWN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$22.00</td>
<td>$32.0K</td>
<td>0</td>
<td>200</td>
</tr>
<tr>
<td>LVS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$40.00</td>
<td>$130.2K</td>
<td>678</td>
<td>101</td>
</tr>
<tr>
<td>W</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$47.50</td>
<td>$32.8K</td>
<td>1</td>
<td>53</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on October 25, 2024. This event was a transfer of 99 contract(s) at a $260.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $300.0 per contract. There were 14783 open contracts at this strike prior to today, and today 146403 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a call option trade that happens to be bullish, expiring in 85 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $2500.0 per contract. There were 8682 open contracts at this strike prior to today, and today 4210 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with neutral sentiment. It expires in 57 day(s) on December 20, 2024. Parties traded 80 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $40.8K, with a price of $510.0 per contract. There were 7415 open contracts at this strike prior to today, and today 3362 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option sweep that happens to be bullish, expiring in 22 day(s) on November 15, 2024. This event was a transfer of 31 contract(s) at a $190.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $950.0 per contract. There were 7773 open contracts at this strike prior to today, and today 2547 contract(s) were bought and sold. 
• Regarding DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we observe a call option trade with bearish sentiment. It expires in 8 day(s) on November 1, 2024. Parties traded 190 contract(s) at a $36.00 strike. The total cost received by the writing party (or parties) was $26.9K, with a price of $142.0 per contract. There were 334 open contracts at this strike prior to today, and today 795 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on November 1, 2024. Parties traded 200 contract(s) at a $125.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $38.4K, with a price of $192.0 per contract. There were 561 open contracts at this strike prior to today, and today 792 contract(s) were bought and sold. 
• For SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we notice a call option trade that happens to be bullish, expiring in 22 day(s) on November 15, 2024. This event was a transfer of 96 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $25.1K, with a price of $262.0 per contract. There were 12934 open contracts at this strike prior to today, and today 602 contract(s) were bought and sold. 
• Regarding JWN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>), we observe a call option trade with bearish sentiment. It expires in 36 day(s) on November 29, 2024. Parties traded 200 contract(s) at a $22.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $160.0 per contract. There were 0 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For LVS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), we notice a call option trade that happens to be bullish, expiring in 148 day(s) on March 21, 2025. This event was a transfer of 100 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $130.2K, with a price of $1302.0 per contract. There were 678 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold. 
• For W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we notice a put option sweep that happens to be bullish, expiring in 204 day(s) on May 16, 2025. This event was a transfer of 34 contract(s) at a $47.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $32.8K, with a price of $965.0 per contract. There were 1 open contracts at this strike prior to today, and today 53 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

US-listed Chinese stocks Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) are trading lower Thursday.
The down move follows the International Monetary Fund (IMF) lowering China&#8217;s <a target="_blank" href="https://www.benzinga.com/government/24/10/41488506/whats-going-on-with-us-listed-chinese-ev-stocks-nio-li-xpeng-wednesday" rel="noreferrer noopener">2024 economic growth</a> forecast to 4.8%, down from the previous 5% estimate, due to declining consumer confidence and ongoing property market challenges.
The IMF cautioned that further drops in home prices could erode consumer confidence, reduce household spending, and weaken domestic demand.
Several international financial institutions have raised their 2024 economic growth forecasts for China following recent stimulus measures introduced in late September, predicting that Beijing will meet its around 5% target, SCMP <a target="_blank" href="https://www.scmp.com/economy/article/3283229/chinas-gdp-growth-forecasts-edge-foreign-banks-respond-stimulus-moves" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/10/41458212/apple-iphone-16-discounts-roll-out-on-alibabas-tmall-ai-delays-and-domestic-competitors-fuel-aggress" rel="noreferrer noopener">Apple iPhone 16 Discounts Roll Out on Alibaba&#8217;s Tmall, AI Delays and Domestic Competitors Fuel Aggressive Pricing</a>
UBS, Moody&#8217;s Analytics, Goldman Sachs, and Nomura now project China&#8217;s gross domestic product growth to reach as high as 4.95% in 2024, despite challenges like weak retail sales and property prices.
Last week, China reported 4.6% third-quarter growth, the lowest since mid-2022, but raised its year-to-date growth to 4.8%.
President Xi Jinping has issued several economic-focused directives in the past week as attention turns to Beijing&#8217;s stimulus efforts to stabilize China&#8217;s economy, SCMP <a target="_blank" href="https://www.scmp.com/economy/policy/article/3283393/xi-jinping-makes-economic-centric-instructions-spur-chinas-growth" rel="noreferrer noopener">reports</a>.
On Sunday, Xi&#8217;s message was delivered during a ceremony in Tianjin, marking the 40th anniversary of China&#8217;s economic development zones.
Last week, during his tours of Fujian and Anhui, Xi appeared to gather firsthand insights into the state of the economy and the implementation of recent policies.
His push for development comes as China&#8217;s economy faces domestic challenges and global uncertainties, raising concerns about meeting the annual growth target.
Price Actions: BABA stock is down 1.43% at $96.60 premarket at last check Thursday. JD is down 1,52% and BIDU is down 1.07%.
Also Read:
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</ul>
Photo Via Shutterstock

What's Going On With US Listed Chinese Firms Alibaba, JD, Baidu Stocks On Thursday?

Meta's Llama used by Chinese researchers to build AI model for military use - report

Markets outside the United States don't always move in sync with domestic trends, which means adding international stocks can help reduce volatility and spread risk. Thus, investors looking to diversify their portfolio can consider investing in fundamentally sound companies like SAP SE (SAP), AstraZeneca (AZN), and Alibaba Group (BABA) for potential returns. Read on… When it comes to investing, many people think that simply spreading their money across a few different companies is enough for diversification. However, true diversification is more nuanced. Recent global economic and geopolitical challenges have raised important questions about how much <a href="https://www.tiaa.org/public/invest/services/wealth-management/perspectives/why-international-stocks-still-make-sense">international exposure</a> investors should have in their portfolios.
While U.S. stocks are influenced mainly by domestic factors, international stocks tap into diverse economic trends across different regions that can enhance returns and mitigate risks. Below, I have highlighted three global stocks, namely, SAP SE (<a href="https://stocknews.com/stock/SAP/">SAP</a>), AstraZeneca PLC (<a href="https://stocknews.com/stock/AZN/">AZN</a>), and Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>), that provide exposure to international equities for portfolio diversification by offering opportunities in expanding economies and emerging markets.
As countries focus on building their own capabilities and becoming less reliant on foreign markets, new opportunities are emerging. This shift can lead to greater competition and economic independence, meaning that while the U.S. economy might struggle, some international markets could be booming, and vice versa. Such diversification can be beneficial for long-term investors.
Currently, inflation levels across many countries are hovering close to central bank targets, which could pave the way for easier monetary policies. Moreover, the global economy has shown resilience, with growth expected to maintain a steady pace of <a href="https://www.imf.org/en/Blogs/Articles/2024/10/22/as-inflation-recedes-global-economy-needs-policy-triple-pivot#:~:text=Growth%20is%20projected%20to%20hold%20steady%20at%203.2%20percent%20in,often%20tied%20to%20intensifying%20conflicts.">3.2% in 2024</a> and 2025. Emerging markets, in particular, are projected to grow at around 4.2% this year and next, buoyed by strong performance in emerging Asia.
In addition, emerging market equities have recently outperformed their developed market counterparts, achieving <a href="https://www.lazardassetmanagement.com/research-insights/outlooks/emerging-markets">gains of 8.7%</a> compared to 6.4%. This marks a significant trend, as it is the first time since 2020 that emerging markets have outperformed for two consecutive quarters.
Considering these conducive trends, let's discuss the fundamentals of the featured stocks in detail:
SAP SE (<a href="https://stocknews.com/stock/SAP/">SAP</a>)
SAP is a Germany-based company that offers enterprise application software. It operates through three segments: Applications, Technology &amp; Services; the SAP Business Network; and the Customer Experience.
On September 12, the company completed its acquisition of WalkMe Ltd. (<a href="https://stocknews.com/stock/WKME/">WKME</a>) for $1.5 billion in an all-cash deal. WKME's digital adoption platform will enhance SAP's Business Transformation Management portfolio, including SAP Signavio and SAP LeanIX, by improving workflow execution and user experience. Its AI technology will also power SAP's Joule copilot, offering context-aware assistance to boost workflow productivity.
SAP's total revenue for the third quarter (ended September 30, 2024) increased 9.4% year-over-year to €8.47 billion ($9.16 billion). Its gross profit grew 10.2% from the year-ago value to €6.21 billion ($6.72 billion).
The company's cash inflow from operating activities amounted to €1.47 billion ($1.59 billion), representing a 31.2% improvement from the same period last year. Also, its <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> stood at €1.25 billion ($1.35 billion), up 44.3% year-over-year.
Analysts expect SAP's revenue for the fourth quarter (ending December 2024) to grow 7.3% year-over-year to $9.86 billion, while its EPS for the same period is estimated to come in at $1.51. Also, it topped the revenue estimates in three of the trailing four quarters.
The stock has gained 77.8% over the past year to close the last trading session at $237.69.
SAP's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
It has a B grade for Stability, Sentiment, and Quality. Out of 132 stocks in the <a href="https://stocknews.com/category/software-application/">Software – Application</a> industry, SAP is ranked #27. <a href="https://stocknews.com/stock/SAP/">Click here</a> to see SAP's Growth, Value, Momentum, and Sentiment ratings.
AstraZeneca PLC (<a href="https://stocknews.com/stock/AZN/">AZN</a>)
Headquartered in Cambridge, the United Kingdom, AZN is a renowned biopharmaceutical company focusing on discovering, developing, manufacturing, and commercializing prescription medicines. Its marketed products treat oncology, COVID-19, respiratory, cardiovascular, renal, and metabolism diseases, etc.
On June 4, AZN acquired Fusion Pharmaceuticals Inc., a clinical-stage biopharmaceutical company specializing in next-generation radioconjugates (RCs). The acquisition strengthens the company's oncology portfolio with Fusion's innovative RC pipeline, including FPI-2265 for metastatic castration-resistant prostate cancer (mCRPC). It also enhances AZN's expertise in RCs and expands its R&amp;D, manufacturing, and supply chain capabilities while bolstering its presence in Canada.
For the second quarter that ended June 30, 2024, AZN's total revenue increased 13.3% year-over-year to $12.94 billion, while its gross profit rose 13.7% from the year-ago value to $10.76 billion. The company's profit after tax and EPS amounted to $1.93 billion and $1.24, representing increases of 5.9% and 6% from the prior-year quarter, respectively. In addition, its operating profit stood at $2.75 billion, up 11.8% year-over-year.
The consensus EPS estimate of $1.05 for the third quarter (ending September 2024) represents a 20.9% improvement year-over-year. The consensus revenue estimate of $13.11 billion for the same period indicates a 14.1% increase from the prior-year period. The company has an impressive surprise history; it surpassed the consensus revenue estimates in three of the trailing four quarters.
AZN's shares have gained 16.2% over the past year to close the last trading session at $75.05.
It's no surprise that AZN has an overall rating of A, which equates to a Strong Buy in our proprietary rating system. It has an A grade for Growth and Stability and a B for Value and Quality. Among 163 stocks in the <a href="https://stocknews.com/category/pharmaceuticals/">Medical - Pharmaceuticals</a> industry, it is ranked #7.
In addition to the POWR Ratings we've stated above, we also have AZN's ratings for Momentum and Sentiment. Get all AZN ratings <a href="https://stocknews.com/stock/AZN/">here</a>.
Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>)
Based in Hangzhou, China, BABA offers technology infrastructure and marketing reach to help merchants, brands, and retailers connect with international users and customers. Its segments include China Commerce; International Commerce; Local Consumer Services; Cainiao; Cloud; Digital Media and Entertainment; Innovation Initiatives and Others.
On September 5, BABA partnered with Mastercard Incorporated (<a href="https://stocknews.com/stock/MA/">MA</a>) and Cardless to introduce a co-branded credit card that rewards businesses for cross-border and domestic purchases on Alibaba.com. The partnership would simplify shopping, boost customer loyalty, and strengthen BABA's global presence.
For the fiscal 2025 first quarter that ended June 30, 2024, BABA's revenue increased 3.9% year-over-year to $33.47 billion. Its income from operations amounted to $4.95 billion. Plus, the company reported its adjusted EBIDTA at $6.20 billion for the quarter. Moreover, its non-GAAP net income and non-GAAP EPS came in at $5.60 billion and $0.28 for the quarter, respectively.
Analysts expect BABA's revenue for the fiscal third quarter ending December 2024 to increase 9% year-over-year to $39.45 billion. Likewise, its EPS for the ongoing quarter is expected to grow by 3.5% from the prior year to $2.73.
Shares of BABA have gained 30.5% over the past six months and 25.7% year-to-date to close the last trading session at $97.42.
BABA's POWR Ratings reflect its positive outlook. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
It also has a B grade for Quality. In the 41-stock A-rated <a href="https://stocknews.com/category/china/">China</a> industry, it is ranked #18. To see BABA's Growth, Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/BABA/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
SAP shares . Year-to-date, SAP has gained 55.15%, versus a 22.97% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/sap-azn-baba-wkme-ma-3-global-stocks-to-diversify-your-portfolio/>3 Global Stocks to Diversify Your Portfolio</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Global Stocks to Diversify Your Portfolio

Owing to advancements in technologies, surging cross-border trade opportunities, and shifting consumer preference for convenience, the e-commerce sector is booming. Thus, fundamentally sound e-commerce stocks such as Amazon.com (AMZN), Alibaba Group Holding (BABA), and eBay (EBAY) could be attractive buys for now. Continue reading... The e-commerce market is continuously on an uptrend. The market is highly benefiting from changing consumer preferences, easier access to internet facilities, and widening online marketplaces. Also, new and innovative digital technologies are opening new avenues for the industry.
Given this backdrop, it could be wise to invest in fundamentally strong e-commerce stocks Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>), Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>), and eBay Inc. (<a href="https://stocknews.com/stock/EBAY/">EBAY</a>) for potential returns in the long run.
The e-commerce market stands to capitalize on the prevailing trends of online shopping, the increasing number of online marketplaces, and social commerce, and it is positioned for unstoppable growth and expansion. The rising internet penetration, demand for convenience, and evolving consumer preferences have also contributed to the boost.
The number of users in the <a href="https://www.statista.com/statistics/273957/number-of-digital-buyers-in-the-united-states/">United States e-commerce market</a> is expected to experience strong growth in the near years. Between 2024 and 2029, the total number is projected to grow to 60 million users, reflecting a robust growth of 21.9%. With each increasing year, the number of users is estimated to reach 333.5 million users, setting a new record in 2029.
This year alone, U.S. online retail sales are projected to reach $1.2 trillion, indicating an estimated increase of $108 billion or 9.8% compared to 2023. The market share of <a href="https://www.fticonsulting.com/insights/reports/2024-online-retail-report">the U.S. e-commerce market</a> is also likely to see a jump to 22.7% by year-end from the share of 21.6% as observed at the end of 2023.
According to IMARC Group, the global e-commerce market is anticipated to total around $183.80 trillion by 2032, exhibiting growth at a noteworthy <a href="https://www.imarcgroup.com/e-commerce-market">CAGR of 27.2%</a> during the forecast period (2024-2032). The market is currently driven by growing demands for AI-powered features, expanding cross-border trade opportunities, and innovations of secure digital payment systems.
Given these factors, let's delve deeper into the fundamentals of top e-commerce stocks: AMZN, BABA, and EBAY.
Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
AMZN engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores internationally. It operates through three segments: North America; International; and Amazon Web Services (AWS).
On October 24, AMZN's Amazon Web Services and Box, Inc. (<a href="https://stocknews.com/stock/BOX/">BOX</a>), the leading Intelligent Content Management platform, expanded their strategic partnership to empower organizations in building new applications and maximize productivity with generative AI. Box customers can now access foundation models directly in Box AI using Amazon Bedrock, starting with Anthropic's Claude and Amazon Titan.
The integration allows companies to quickly and securely build generative AI applications by combining some of the world's most advanced AI models with their data residing in Box's Intelligent Content Management platform. It helps organizations to quickly get answers, summarize information, generate content, and securely complete tasks.
On October 16, AMZN revealed an entirely new Kindle lineup, which consists of a reimagined Kindle scribe and the first-ever color Kindle. The reimagined Kindle Scribe comes with a paper-like display, offers new writing experiences in books, and a powerful notebook experience. It provides 25% faster page turns and up to three months of battery life.
For the second quarter that ended June 30, 2024, AMZN reported total net sales of $147.98 billion, up 10.1% from the previous year's quarter. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 91% from the year-ago value to $14.67 billion. Also, the company's net income and EPS stood at $13.48 billion and $1.26, reflecting growth of 99.8% and 93.8% year-over-year, respectively.
Street expects AMZN's revenue and EPS for the third quarter (ended September 2024) to increase 9.9% and 21.2% year-over-year to $157.27 billion and $1.14, respectively. Furthermore, the company surpassed the consensus EPS estimates in each of the trailing four quarters, which is impressive.
Shares of AMZN have surged 4.1% over the past six months and 42% over the past year to close the last trading session at $188.39.
AMAZN's robust growth prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Quality and Sentiment. Within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, AMZN is ranked #15 out of 53 stocks.
<a href="https://stocknews.com/stock/AMZN/">Click here</a> to access additional AMZN ratings for Growth, Value, Stability, and Momentum.
Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>)
Headquartered in Hangzhou, China, BABA provides technology infrastructure and marketing assistance to merchants, brands, retailers, and other businesses to engage with their customers worldwide. It operates through seven segments: China Commerce; International Commerce; Local Consumer Services; Cainiao; Cloud; Digital Media and Entertainment; Innovation Initiatives and Others.
On September 5, BABA partnered with Mastercard and Cardless to provide a co-branded credit card designed to reward businesses for cross-border and domestic sourcing purchases through Alibaba.com. The Alibaba.com Business Edge Credit Card was created to help small business owners and is its first co-branded U.S. credit card.
Through this partnership, BABA is expanding into an innovative financial solutions segment tailored for small business owners and will empower U.S. businesses by simplifying sourcing and offering valuable rewards.
On the same day, BABA announced its new artificial intelligence (AI)-powered sourcing agent, and new financial and logistics solutions. The solutions will help small and medium-sized enterprises (SMEs) to increase sourcing efficiency and efficiently navigate cross-border trade.
During the first quarter, which ended June 30, 2024, BABA's revenue increased by 3.9% year-over-year to $33.47 billion, and its income from operations came in at $4.95 billion for the quarter. The company's non-GAAP net income and EPS were $5.60 billion and $0.28 for the period, respectively.
In addition, the company's adjusted EBITDA and free cash flow totaled $7.04 billion and $2.39 billion for the quarter, respectively.
Analysts expect BABA's revenue and EPS for the third quarter (ending December 2024) to increase 8.9% and 3.5% year-over-year to $39.42 billion and $2.73, respectively. For the fiscal year (ending March 2025), the company's revenue and EPS are expected to grow 7.8% and 2.3% year-over-year to $140.24 billion and $8.80.
BABA's shares have gained 30.8% over the past six months and 20.2% over the past year to close the last trading session at $99.93.
BABA's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Quality. Within the A-rated <a href="https://stocknews.com/category/china/">China</a> industry, BABA is ranked #18 among the 42 stocks.
In addition to the POWR Ratings we've stated above, we also have BABA ratings for Stability, Growth, Sentiment, Momentum, and Value. Get all BABA ratings <a href="https://stocknews.com/stock/BABA/">here</a>.
eBay Inc. (<a href="https://stocknews.com/stock/EBAY/">EBAY</a>)
EBAY operates marketplace platforms that connect buyers and sellers worldwide. The company's marketplace platform consists of its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.
On July 10, EBAY and Liberis, a leading global embedded finance platform, partnered to launch Business Cash Advance, a new eBay Seller Capital revenue-based financing product. Business Cash Advance supports eBay sellers at every business stage by providing eligible U.S. eBay sellers with up to $1 million in working capital in less than 24 hours.
During the second quarter that ended June 30, 2024, EBAY's net revenues increased 1.3% year-over-year to $2.57 billion, while its gross profit rose marginally year-over-year to $1.84 billion. The company's income from operations of $549 million reflects a growth of 6% from the year-ago value.
In addition, the company's non-GAAP net income from continuing operations of $602 million and $1.18 per share, up 8.5% and 14.6% over the prior year's quarter, respectively.
As per the company's third-quarter 2024 guidance, EBAY expects revenue between $2.50 billion and $2.56 billion. And its non-GAAP EPS is expected to be $1.15 - $1.20.
Analysts expect EBAY's EPS for the third quarter (ended September 2024) to increase 14.6% year-over-year to $1.18, and its revenue is estimated to grow 1.8% year-over-year to $2.55 billion for the same period. Moreover, the company surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
EBAY's stock has soared 19.4% over the past six months and 63% over the past year to close the last trading session at $62.99.
EBAY's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
EBAY has an A grade for Quality. It is ranked #19 among the 53 stocks in the B-rated Internet industry.
<a href="https://stocknews.com/stock/EBAY/">Click here</a> to access additional EBAY ratings for Sentiment, Value, Stability, Momentum, and Growth.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

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AMZN shares rose $2.29 (+1.20%) in after-hours trading Tuesday. Year-to-date, AMZN has gained 25.60%, versus a 23.55% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/amzn-baba-ebay-box-3-stocks-to-buy-in-the-booming-e-commerce-sector/>3 Stocks to Buy in the Booming E-Commerce Sector</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Stocks to Buy in the Booming E-Commerce Sector

E-commerce is a strong investment during the holidays due to rising global demand, personalized shopping trends, and rapid growth, driven by digitalization and mobile shopping. To that end, let's analyze the investment prospects of e-commerce stocks, Amazon.com (AMZN) and Alibaba Group Holding (BABA). Read on... E-commerce giants are capitalizing on the internet's integral role in modern life, accelerated digitalization, and smart infrastructure expansion. As shopping trends shift with the rise of Gen Z consumers, demand for unique and personalized products is increasing, especially during the upcoming holidays.
Therefore, in this piece, I discuss why it is worth buying top e-commerce stocks before the holiday season, focusing on Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>) and Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>).
This holiday season, e-commerce companies are driving sales through discounts, engaging holiday marketing emails, membership programs, personalized gifts, and improved SEO to meet changing consumer needs. Additionally, AI-powered tools for content generation and analytics are enhancing operational efficiency for over one million merchants, reducing costs in design and marketing.
As a result, U.S. e-commerce revenue is expected to grow by <a href="https://www.statista.com/statistics/272391/us-retail-e-commerce-sales-forecast/">$657.80 billion, or 53.79%, from 2024 to 2029</a>. Holiday retail sales are also projected to reach <a href="https://www.statista.com/statistics/1189993/holiday-season-retail-sales-value-us/">$960 billion in 2024</a>, underscoring how e-commerce has empowered businesses to reach global customers, boost sales, and offer innovative products and services tailored to unique occasions and demands.
Furthermore, the Chinese e-commerce market is set to grow rapidly in 2024, with mobile shopping and digital payments playing key roles. Innovation and evolving consumer habits will drive success, as retailers adapt to advanced technologies. The market is projected to grow by 6.3% annually, reaching $3.10 trillion in 2024, with a steady <a href="https://finance.yahoo.com/news/china-ecommerce-market-opportunities-databook-080700881.html">CAGR of 5.55%</a> through 2028.
Considering these conducive trends, let's take a look at the fundamentals of the two above-mentioned e-commerce stocks.
Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
AMZN engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
On October 16, 2024, AMZN launched a new Kindle lineup featuring the first-ever color Kindle, a reimagined Kindle Scribe, the fastest Paperwhite, and a compact entry-level Kindle. The devices offer improved features like color displays, faster performance, and AI-powered note-taking.
On October 15, 2024, AMZN's Amazon Web Services (AWS) and e&amp; announced a strategic $1 billion-plus agreement to deliver cloud solutions, AI deployment, and digital transformation across the Middle East. This partnership aims to accelerate cloud adoption, support regulated industries, and provide regional businesses with advanced AI tools and infrastructure.
In terms of the trailing-12-month net income margin, AMZN's 7.35% is 60.4% higher than the 4.58% industry average. Likewise, its 9.86% trailing-12-month Capex / Sales is 235.4% higher than the 2.94% industry average. Moreover, the stock's 1.17x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 17.5% higher than the 1x industry average.
AMZN's total net sales during the fiscal second quarter that ended June 30, 2024, increased 10.1% year-over-year to $147.98 billion. The company's operating income grew 91% from the year-ago value to $14.67 billion. In addition, the company's net income and EPS came in at $13.49 billion and $1.26, up 99.8% and 93.8% over the prior-year quarter, respectively.
Street expects AMZN's EPS and revenue for the quarter ended September 30, 2024, to increase 20.9% and 9.9% year-over-year to $1.14 and $157.24 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 47.4% to close the last trading session at $188.90.
AMZN's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
AMZN has a B grade for Momentum, Sentiment, and Quality. It is ranked #15 out of 53 stocks in the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry. Beyond what we have stated above, we also have given AMZN grades for Growth, Value, and Stability. Get all the AMZN's ratings <a href="https://stocknews.com/stock/AMZN/">here</a>.
Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>)
Based in Hangzhou, People's Republic of China, BABA provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses engage with their users and customers internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.
On September 5, 2024, BABA announced a partnership with Mastercard and Cardless to launch the Alibaba.com Business Edge Credit Card, offering rewards like cashback and interest-free terms for small businesses' purchases. The card aims to support cross-border and domestic sourcing, with added benefits for U.S. businesses.
In terms of the trailing-12-month EBITDA margin, BABA's 18.58% is 63.2% higher than the 11.39% industry average. Its 15.04% trailing-12-month levered FCF margin is 201.3% higher than the 4.99% industry average. Similarly, the stock's 7.38% trailing-12-month Return on Total Assets is 61.1% higher than the 4.58% industry average.
For the first quarter that ended June 30, 2024, BABA's revenue increased 3.9% year-over-year to RMB243.24 billion ($34.25 billion) and its income from operations was RMB35.99 billion ($5.07 billion) billion for the quarter.
BABA's non-GAAP net income and EPS came in at RMB40.69 billion ($3.37 billion) and RMB2.05 for the quarter, respectively. Furthermore, the company's adjusted EBITDA was RMB51.16 billion ($7.20 billion) for the quarter.
Analysts expect BABA's revenue for the quarter ended September 30, 2024, to increase 8.8% year-over-year to $33.77 billion. Its EPS for the quarter ending December 31, 2024, is expected to rise 3.7% year-over-year to $2.74. Over the past nine months, the stock has gained 47.9% to close the last trading session at $100.55.
BABA's POWR Ratings reflect solid prospects. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It is ranked #16 out of 41 stocks in the B-rated <a href="https://stocknews.com/category/china/">China</a> industry. It has a B grade for Momentum and Quality. <a href="https://stocknews.com/stock/BABA/">Click here</a> to see BABA's Growth, Value, Stability, and Sentiment ratings.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
AMZN shares rose $0.31 (+0.16%) in after-hours trading Monday. Year-to-date, AMZN has gained 24.44%, versus a 23.95% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/amzn-baba-2-e-commerce-giants-to-buy-before-the-holiday-season/>2 E-Commerce Giants to Buy Before the Holiday Season</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

2 E-Commerce Giants to Buy Before the Holiday Season

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