Alibaba Gr Hldgs (NYSE:BABA) Stock, Quote.Headers.trade-ideas

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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Alibaba stock gains after receiving clean chit from Chinese regulator following 3-year scrutiny and $2.8B penalty for monopoly behavior.

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Alibaba shares are trading lower Wednesday, following a decline that has affected many U.S.-listed Chinese stocks.

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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

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. 
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>08/30/24</td>
<td>$210.00</td>
<td>$33.2K</td>
<td>12.8K</td>
<td>145.6K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$177.50</td>
<td>$28.0K</td>
<td>7.2K</td>
<td>7.6K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$95.00</td>
<td>$151.8K</td>
<td>6.6K</td>
<td>6.9K</td>
</tr>
<tr>
<td>RSI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$7.50</td>
<td>$50.7K</td>
<td>3.0K</td>
<td>2.6K</td>
</tr>
<tr>
<td>BIG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.00</td>
<td>$36.2K</td>
<td>1.1K</td>
<td>2.4K</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$36.00</td>
<td>$39.1K</td>
<td>10.4K</td>
<td>2.0K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$80.00</td>
<td>$114.2K</td>
<td>15.5K</td>
<td>1.5K</td>
</tr>
<tr>
<td>EBAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$61.00</td>
<td>$40.1K</td>
<td>237</td>
<td>1.0K</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$375.00</td>
<td>$32.1K</td>
<td>438</td>
<td>783</td>
</tr>
<tr>
<td>LVS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$45.00</td>
<td>$27.0K</td>
<td>3.1K</td>
<td>501</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, is expiring today. Parties traded 202 contract(s) at a $210.00 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 $33.2K, with a price of $164.0 per contract. There were 12815 open contracts at this strike prior to today, and today 145656 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 bearish sentiment. It expires in 7 day(s) on September 6, 2024. Parties traded 200 contract(s) at a $177.50 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 $28.0K, with a price of $140.0 per contract. There were 7262 open contracts at this strike prior to today, and today 7690 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option sweep that happens to be bullish, expiring in 21 day(s) on September 20, 2024. This event was a transfer of 506 contract(s) at a $95.00 strike. This particular put needed to be split into 42 different trades to become filled. The total cost received by the writing party (or parties) was $151.8K, with a price of $300.0 per contract. There were 6663 open contracts at this strike prior to today, and today 6936 contract(s) were bought and sold. 
• For RSI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSI#NYSE">RSI</a>), we notice a call option trade that happens to be neutral, expiring in 140 day(s) on January 17, 2025. This event was a transfer of 203 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $50.7K, with a price of $250.0 per contract. There were 3029 open contracts at this strike prior to today, and today 2615 contract(s) were bought and sold. 
• For BIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIG#NYSE">BIG</a>), we notice a call option sweep that happens to be bearish, expiring in 140 day(s) on January 17, 2025. This event was a transfer of 2400 contract(s) at a $1.00 strike. This particular call needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $36.2K, with a price of $15.0 per contract. There were 1126 open contracts at this strike prior to today, and today 2402 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 sweep that happens to be bullish, expiring in 21 day(s) on September 20, 2024. This event was a transfer of 501 contract(s) at a $36.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $39.1K, with a price of $78.0 per contract. There were 10417 open contracts at this strike prior to today, and today 2094 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 sweep with bearish sentiment. It expires in 21 day(s) on September 20, 2024. Parties traded 250 contract(s) at a $80.00 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 $114.2K, with a price of $457.0 per contract. There were 15591 open contracts at this strike prior to today, and today 1541 contract(s) were bought and sold. 
• Regarding EBAY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), we observe a call option sweep with bearish sentiment. It expires in 21 day(s) on September 20, 2024. Parties traded 1000 contract(s) at a $61.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $40.1K, with a price of $40.0 per contract. There were 237 open contracts at this strike prior to today, and today 1002 contract(s) were bought and sold. 
• For HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we notice a call option trade that happens to be bullish, expiring in 7 day(s) on September 6, 2024. This event was a transfer of 596 contract(s) at a $375.00 strike. The total cost received by the writing party (or parties) was $32.1K, with a price of $54.0 per contract. There were 438 open contracts at this strike prior to today, and today 783 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 140 day(s) on January 17, 2025. This event was a transfer of 250 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $108.0 per contract. There were 3126 open contracts at this strike prior to today, and today 501 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.

Options

AMZN

DKNG

EBAY

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

WIIM

Alibaba shares are trading higher after the Chinese government reportedly announced the company completed its rectification process following an antitrust fine.

Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) stock gained Friday premarket as it received a clean chit from the domestic regulator after over three years of investigative scrutiny since the end of 2020.
&#8220;From the inspection and evaluation, Alibaba Group has completely stopped the monopoly behavior of &#8216;picking one from two,&#8221; SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3276580/alibabas-antitrust-review-comes-close-after-3-years-government-scrutiny?module=around_scmp&amp;pgtype=homepage" rel="noreferrer noopener">cites</a> the regulator.
The Chinese regulator penalized Alibaba by $2.8 billion in 2021, equivalent to 4% of the e-commerce juggernaut&#8217;s 2019 revenue.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/08/40600509/alibabas-stock-connect-addition-may-unlock-3-2b-boost-global-markets-report" rel="noreferrer noopener">Alibaba&#8217;s Stock Connect Addition May Unlock $3.2B, Boost Global Markets: Report</a>
Alibaba&#8217;s fintech affiliate Ant Group&#8217;s ambitious initial public offering also succumbed to regulatory scrutiny.
Alibaba Group stock lost over 13% in the last 12 months as it battled intense domestic e-commerce rivalry in a weak economy as it recuperated from the over three-year-long domestic regulatory crackdown with the U.S. semiconductor sanctions, further jeopardizing its artificial intelligence ambitions.
<a href="https://www.benzinga.com/government/24/08/40622630/us-embargo-fuels-chinas-6b-plus-data-center-investment-report" target="_blank" rel="noreferrer noopener">Recent reports indicated</a> China is trying to trigger economic growth through various initiatives, including earmarking 43.5 billion yuan ($6.12 billion) to build computing data centers and extending support to technology start-ups and the domestic electric vehicle industry.
<h2 class="wp-block-heading">Will Alibaba Stock Go Up?</h2>
When trying to assess whether or not Alibaba will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $106.45 on Alibaba. The Street high target is currently at $130.0 and the Street low target is $85.0. Of all the analysts covering Alibaba, 9 have positive ratings, 2 have neutral ratings and no one has negative ratings.
In the last month, 9 analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/BABA/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Alibaba have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Alibaba is 8.37% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Alibaba, visit <a href="https://www.benzinga.com/quote/BABA">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
Price Action:&nbsp;BABA stock traded higher by 4.91% at $85.01 premarket at&nbsp;the last check Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40550305/nvidia-tech-fuels-chinese-ai-growth-overseas-alibaba-ramps-up-7b-investment" target="_blank" rel="noreferrer noopener">Nvidia Tech Fuels Chinese AI Growth Overseas, Alibaba Ramps Up $7B Investment</a></li>
</ul>
Photo Via Shutterstock

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 30 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 23% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $160,413 and 25, calls, for a total amount of $1,081,934.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $95.0 for Alibaba Gr Hldgs during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Alibaba Gr Hldgs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Alibaba Gr Hldgs's significant trades, within a strike price range of $60.0 to $95.0, over the past month.
<h3>Alibaba Gr Hldgs Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724949089_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>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$9.75</td>
<td>$9.45</td>
<td>$9.65</td>
<td>$80.00</td>
<td>$96.5K</td>
<td>709</td>
<td style="text-align: right;">103</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$9.15</td>
<td>$9.15</td>
<td>$9.15</td>
<td>$75.00</td>
<td>$82.3K</td>
<td>1.2K</td>
<td style="text-align: right;">90</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$9.45</td>
<td>$9.35</td>
<td>$9.35</td>
<td>$75.00</td>
<td>$65.4K</td>
<td>1.2K</td>
<td style="text-align: right;">238</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$6.05</td>
<td>$5.85</td>
<td>$5.95</td>
<td>$95.00</td>
<td>$59.5K</td>
<td>630</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.0</td>
<td>$5.8</td>
<td>$5.95</td>
<td>$95.00</td>
<td>$59.5K</td>
<td>630</td>
<td style="text-align: right;">100</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.
<h3>Current Position of Alibaba Gr Hldgs</h3>
<ul>
<li>Trading volume stands at 4,778,337, with BABA's price up by 2.05%, positioned at $81.25.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 77 days.</li>
</ul>
<h3>Professional Analyst Ratings for Alibaba Gr Hldgs</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $109.2.
<ul>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Alibaba Gr Hldgs with a target price of $90. </li>
<li>An analyst from Truist Securities persists with their Buy rating on Alibaba Gr Hldgs, maintaining a target price of $100. </li>
<li>An analyst from Benchmark downgraded its action to Buy with a price target of $118. </li>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Alibaba Gr Hldgs, targeting a price of $130. </li>
<li>An analyst from JP Morgan persists with their Overweight rating on Alibaba Gr Hldgs, maintaining a target price of $108. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Alibaba Gr Hldgs with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Markets

Smart Money Is Betting Big In BABA Options

Loop Capital analyst Rob Sanderson maintains Alibaba Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) with a Buy and maintains $115 price target.

Price Target

Analyst Ratings

Loop Capital Maintains Buy on Alibaba Gr Hldgs, Maintains $115 Price Target

China has committed over 43.5 billion yuan ($6.12 billion) to build computing data centers as per Liu Liehong, head of China&#8217;s National Data Bureau, Reuters cites a state news agency at an industry conference in the southwestern city of Guiyang.
China&#8217;s move follows the U.S. semiconductor embargo on the country, which restricts the import of <a target="_blank" href="https://www.benzinga.com/government/24/07/39646273/is-nvidia-defying-us-export-controls-whats-going-on" rel="noreferrer noopener">advanced artificial intelligence technology</a> from companies including Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), citing national security concerns.
In 2022, Beijing launched plans to construct eight major data center hubs in western regions by tapping the region&#8217;s energy resources to transfer computing power to the economic hubs.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40390854/alibaba-q1-earnings-revenue-miss-amid-price-war-profit-beat-international-commerce-and-cloud-segmen" rel="noreferrer noopener">Alibaba Q1 Earnings: Revenue Miss Amid Price War, Profit Beat, International Commerce and Cloud Segments Shine</a>
As per Liu, the eight data center hubs have attracted over 200 billion yuan in total investment.
<a target="_blank" href="https://www.benzinga.com/news/24/08/40550305/nvidia-tech-fuels-chinese-ai-growth-overseas-alibaba-ramps-up-7b-investment" rel="noreferrer noopener">Recent reports indicated</a> that Chinese AI developers bypass the U.S. embargo with blockchain technology to access advanced Nvidia chips. Chinese tech giants remain aggressive in their AI ambitions despite the sanctions.
Nvidia maintained that the China embargo had had no material impact as U.S. Big Techs keep splurging on their AI ambitions. Meanwhile, <a target="_blank" href="https://www.benzinga.com/news/24/08/40550305/nvidia-tech-fuels-chinese-ai-growth-overseas-alibaba-ramps-up-7b-investment" rel="noreferrer noopener">due to the restrictions</a>, Chinese tech giants like Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) flagged a significant effect on their AI ambitions.
Nvidia quashed <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40613050/nvidia-q2-earnings-guidance-top-street-view-as-ai-fuels-record-data-center-revenue-gross-margin-fal" rel="noreferrer noopener">the second-quarter revenue</a> consensus of $28.68 billion by posting a topline of $30.04 billion. Adjusted EPS of 68 cents beat the consensus of 64 cents.
Reportedly, China is <a target="_blank" href="https://www.benzinga.com/government/24/08/40463780/whats-going-on-with-alibaba-and-other-chinese-stocks-on-tuesday" rel="noreferrer noopener">looking to back up</a> technology start-ups and other small companies using their intellectual property&nbsp;as collateral. The country <a target="_blank" href="https://www.benzinga.com/government/24/08/40490355/whats-going-on-with-chinese-ev-stocks-like-nio-xpeng-li-auto-lucid-motors-on-wednesday" rel="noreferrer noopener">also expressed solidarity</a> with the domestic electric vehicle industry, a significant consumer of advanced semiconductor technology.
Price Action: NVDA stock closed lower by 2.10% at $125.61 on Wednesday.
Image via Shutterstock

US Embargo Fuels China's $6B Plus Data Center Investment: Report

Alibaba Group Holding Ltd.-ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) shares are trading lower Wednesday, following a decline that affected many U.S.-listed Chinese stocks. 
The downward movement in Alibaba&#8217;s stock is primarily influenced by a broader market sentiment driven by recent developments concerning other major Chinese companies, such as PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), <a href="https://www.benzinga.com/government/24/08/40600509/alibabas-stock-connect-addition-may-unlock-3-2b-boost-global-markets-report">the parent company of Temu.</a>
What To Know: PDD Holdings recently released its second-quarter earnings report, revealing challenges and increased competition that could impact its near-term profits and future growth. This news triggered a sharp decline in PDD&#8217;s stock, dropping more than 28%.
Despite the current pressure, Alibaba has potential catalysts on the horizon that could help investor sentiment. 
The company is expected to be added to the Stock Connect program by Sept. 9, which could unlock up to $3.2 billion in liquidity across global markets. This inclusion would enable domestic institutional investors in China and Hong Kong to trade Alibaba shares without using their foreign exchange quota, potentially increasing the stock's liquidity and appeal to mainland investors.
What Else: Alibaba remains committed to advancing its artificial intelligence ambitions, which could help unlock shareholder value in the long term despite ongoing headwinds.
In its most recent fiscal first-quarter earnings report, Alibaba posted a 4% year-over-year increase in revenue to $33.47 billion, which fell short of analyst expectations of $34.81 billion. However, the company reported adjusted earnings per ADS of $2.26, surpassing the consensus estimate of $2.13. 
Net income saw a significant decrease of 29% year-over-year to $3.34 billion and adjusted net income declined by 9% to $5.6 billion.
BABA Price Action: Alibaba stock closed Wednesday down 2.25%, trading at $79.62, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro. </a>
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent082824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="544" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28155830/BABA-1-1024x544.png" alt="" class="wp-image-519279" style="width:390px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28155830/BABA-1-1024x544.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28155830/BABA-1-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28155830/BABA-1-768x408.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28155830/BABA-1.png 1378w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/markets/latin-america/24/08/40611051/peso-selloff-pauses-as-mexican-president-addresses-us-canada-relations-targets-ambassadors-">Peso Selloff Pauses As Mexican President Addresses US, Canada Relations, Targets Ambassadors Over &#8216;Respect For Our Country&#8217;</a></li>
</ul>
Photo via Shutterstock.

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>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$200.00</td>
<td>$32.0K</td>
<td>16.8K</td>
<td>68.9K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$79.00</td>
<td>$32.2K</td>
<td>594</td>
<td>4.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$100.00</td>
<td>$33.6K</td>
<td>1.2K</td>
<td>1.2K</td>
</tr>
<tr>
<td>WYNN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$75.00</td>
<td>$103.2K</td>
<td>943</td>
<td>1.0K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$96.00</td>
<td>$50.9K</td>
<td>1.2K</td>
<td>627</td>
</tr>
<tr>
<td>ANF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$138.00</td>
<td>$58.0K</td>
<td>7</td>
<td>432</td>
</tr>
<tr>
<td>TSCO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$280.00</td>
<td>$50.2K</td>
<td>78</td>
<td>327</td>
</tr>
<tr>
<td>F</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$15.00</td>
<td>$79.0K</td>
<td>50</td>
<td>200</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$65.3K</td>
<td>28</td>
<td>184</td>
</tr>
<tr>
<td>CPRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$50.00</td>
<td>$26.0K</td>
<td>30.8K</td>
<td>171</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 put option sweep that happens to be bullish, expiring in 2 day(s) on August 30, 2024. This event was a transfer of 246 contract(s) at a $200.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $32.0K, with a price of $130.0 per contract. There were 16853 open contracts at this strike prior to today, and today 68936 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 sweep with bearish sentiment. It expires in 2 day(s) on August 30, 2024. Parties traded 278 contract(s) at a $79.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $32.2K, with a price of $116.0 per contract. There were 594 open contracts at this strike prior to today, and today 4065 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 trade with bearish sentiment. It expires in 30 day(s) on September 27, 2024. Parties traded 200 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $33.6K, with a price of $168.0 per contract. There were 1264 open contracts at this strike prior to today, and today 1201 contract(s) were bought and sold. 
• Regarding WYNN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), we observe a put option sweep with bearish sentiment. It expires in 23 day(s) on September 20, 2024. Parties traded 499 contract(s) at a $75.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $103.2K, with a price of $207.0 per contract. There were 943 open contracts at this strike prior to today, and today 1085 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 put option trade with bullish sentiment. It expires in 23 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $96.00 strike. The total cost received by the writing party (or parties) was $50.9K, with a price of $255.0 per contract. There were 1215 open contracts at this strike prior to today, and today 627 contract(s) were bought and sold. 
• Regarding ANF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>), we observe a call option trade with bullish sentiment. It expires in 2 day(s) on August 30, 2024. Parties traded 200 contract(s) at a $138.00 strike. The total cost received by the writing party (or parties) was $58.0K, with a price of $290.0 per contract. There were 7 open contracts at this strike prior to today, and today 432 contract(s) were bought and sold. 
• Regarding TSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>), we observe a put option sweep with bearish sentiment. It expires in 79 day(s) on November 15, 2024. Parties traded 34 contract(s) at a $280.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $50.2K, with a price of $1477.0 per contract. There were 78 open contracts at this strike prior to today, and today 327 contract(s) were bought and sold. 
• Regarding F (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), we observe a put option trade with bullish sentiment. It expires in 51 day(s) on October 18, 2024. Parties traded 200 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $79.0K, with a price of $395.0 per contract. There were 50 open contracts at this strike prior to today, and today 200 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 call option sweep that happens to be bullish, expiring in 51 day(s) on October 18, 2024. This event was a transfer of 172 contract(s) at a $42.50 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 $65.3K, with a price of $380.0 per contract. There were 28 open contracts at this strike prior to today, and today 184 contract(s) were bought and sold. 
• For CPRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>), we notice a call option trade that happens to be bullish, expiring in 142 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $260.0 per contract. There were 30843 open contracts at this strike prior to today, and today 171 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.

CPRI

SBUX

TSCO

WYNN

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

BEKE

BIDU

BILI

Shares of US-listed Chinese stocks are trading lower. Chinese stocks may be under pressure in sympathy with Temu parent PDD, which continues to fall after its recent Q2 earnings report.

As per Bloomberg Intelligence estimates, Alibaba Group Holding Limited&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) addition to Stock Connect by September 9 can unlock up to $3.2 billion in cash across global markets by enabling domestic institutional investors to transact shares instead of their foreign exchange quota.&nbsp;
Stock Connect refers to a Mutual Market Access program that enables investors in mainland China and Hong Kong to transact shares listed on other markets through domestic stock exchanges and clearing houses.
Asset managers can tap the released quota to transact other shares, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-08-28/alibaba-s-connect-membership-may-be-a-boon-for-overseas-stocks?sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
Analysts tout Japan and U.S. equities&nbsp;as potential beneficiaries of the move.
Bloomberg Intelligence expects the quota to be fully available in another three years.
Last week, Alibaba shared <a target="_blank" href="https://www.benzinga.com/news/24/08/40525344/whats-going-on-with-alibaba-stock-on-friday" rel="noreferrer noopener">plans to enable</a> mainland investors to&nbsp;start trading in Hong Kong.
Alibaba Group Holding stock lost 12% in the last 12 months as it struggled to generate value in a lackluster domestic economy stifled by domestic e-commerce rivalry via price war.
However, the company remains focused on accomplishing its <a target="_blank" href="https://www.benzinga.com/news/24/08/40550305/nvidia-tech-fuels-chinese-ai-growth-overseas-alibaba-ramps-up-7b-investment" rel="noreferrer noopener">artificial intelligence ambitions</a> despite the U.S. sanctions, which have the potential to unlock shareholder value.
Two weeks ago, Alibaba <a target="_blank" href="https://www.benzinga.com//node/40390854" rel="noreferrer noopener">reported fiscal first-quarter</a> revenue growth of 4% year-on-year to $33.47 billion, missing the analyst consensus estimate of $34.81 billion. Adjusted earnings per ADS of $2.26 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $2.13</a>.&nbsp;Net income plunged 29% Y/Y to $3.34 billion. Adjusted net income declined 9% Y/Y to $5.6 billion.
Investors can gain exposure to the Chinese e-commerce juggernaut through Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
Price Action: BABA stock traded lower by 0.38% at $81.14 premarket at the last check Wednesday.
Photo courtesy Alibaba

AVEM

Alibaba's Stock Connect Addition May Unlock $3.2B, Boost Global Markets: Report

<h4>Key Takeaways:</h4>
<ul>
<li>Walmart has sold its stake in JD.com at a time when its Chinese operations are flying on a growing local preference for Costco-style warehouse shopping</li>
<li>JD.com continues to face stiff competition in China&rsquo;s tough e-commerce market as consumption in the country remains sluggish</li>
</ul>
By Xiao Lin
There are no eternal allies or enemies, just a constant shifting of alliances, British statesman Henry John Temple said over a century ago when he famously proclaimed: &ldquo;Our interests are eternal and perpetual, and those interests it is our duty to follow.&rdquo;
Such perspective seems especially relevant in explaining last week&rsquo;s breakup between U.S. retailing giant&nbsp;Walmart&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) and&nbsp;JD.com Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jd#NASDAQ">JD</a>), one of China&rsquo;s leading e-commerce companies, which ended their relationship with more than a decade of history.
On Aug. 21, Walmart formalized a divorce of sorts with its partner of eight years when it sold its 9.4% stake in JD.com. The timing of the separation coincides with the end of an eight-year non-compete agreement between the two in the massive Chinese e-commerce market.
&ldquo;This decision allows us to focus on our strong China operations for Walmart China and Sam&rsquo;s Club, and deploy capital toward other priorities,&rdquo; Walmart said after announcing the separation, adding it would continue its strategic partnership with JD.com. Walmart received about $3.6 billion from the sale.
JD.com tried to soften the blow of the divorce by saying it has confidence in future collaboration between the two companies. On a more practical level, it also repurchased $390 million of its shares, using up the remaining amount under its $3 billion share buyback plan announced in March.
Walmart continues its presence on JD.com and&nbsp;Dada&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dada#NASDAQ">DADA</a>), JD.com&rsquo;s intracity delivery service platform in which Walmart still held a 9% stake as of March 31.
But the sale of such a big stake, not to mention the loss of such a big-name partner, was bound to have an impact on JD.com&rsquo;s shares. The stock closed about 9% lower in Hong Kong last Wednesday to trade at less than a third of its all-time high in February 2021. Walmart&rsquo;s shares moved in the other direction, rising 0.6% to hit an all-time high of $75.58.
The breakup and subsequent share reactions reflect investor concerns over JD.com&rsquo;s future, while being a small positive sign for Walmart as it tries to find its way in the massive but also highly complex Chinese retail market.
Walmart&rsquo;s interest in JD.com dates back as early as 2010, when it sought to invest in the up-and-coming company&rsquo;s C funding round, according to a state media report. At that time, Walmart had 189 stores in 101 cities across China. JD.com was already China&rsquo;s second-largest e-commerce platform, behind only&nbsp;Alibaba&rsquo;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>) hugely popular Taobao.
The investment didn&rsquo;t materialize in the end, with market rumors saying it was killed by Walmart&rsquo;s insistence on gaining a controlling stake in JD.com &ndash; something the company&rsquo;s colorful founder Richard Liu refused. Walmart went on to buy Yihaodian.com, a Chinese online grocery store, to use as the foundation for growing its e-commerce footprint in China. It later increased its stake and finally took full ownership of that service in 2015.
Meantime, JD.com would go on to list Walmart as one of its competitors at the time of its U.S. IPO in 2014 when foreign investors were still enamored with the big potential of e-commerce in China.
<h3>Perfect Match?</h3>
The two former rivals quickly changed their tune with the announcement of their ground-breaking partnership in 2016. Under that made-in-China marriage, Walmart gave Yihaodian to JD.com in exchange for 5% of JD.com&rsquo;s shares. While Walmart gained access to JD.com&rsquo;s e-commerce infrastructure, JD.com added more imported goods from Walmart to its offerings, gaining an edge over Taobao.
At that time, JD.com was rapidly expanding into China&rsquo;s smaller markets that were largely neglected because of their lower consumption power but whose hundreds of millions of consumers offered a huge business opportunity. JD.com&rsquo;s platform and logistics networks were invaluable to Walmart, whose hundreds of brick-and-mortar stores were facing competition from the e-commerce challenge. Rumors also suggested that Walmart&rsquo;s big hopes for its Yihaodian partnership were running into conflicts.
The Walmart-JD.com marriage got a strong reception, with both stocks rallying on the news. By the end of that year, Walmart had increased its JD.com stake to 10%, and Walmart&rsquo;s sales on JD.com tripled one year into the partnership.
<h3>Clean Breakup</h3>
In the eight years following the marriage, Walmart has been building its own logistics and sales network in the country. More importantly, it has retrenched its traditional brick-and-mortar store network and has shifted its focus to target increasingly cautious consumers who are excited by good value-for-money. Its Sam&rsquo;s Club brand has successfully tapped into that vein, defying the currently sluggish post-pandemic consumer market in China.
In Hong Kong, travel to the neighboring city of Shenzhen to shop at Sam&rsquo;s Club and rival&nbsp;Costco&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) has become a popular day trip activity. Sam&rsquo;s Club stores in other Chinese markets are often frequently filled with bargain-hungry shoppers.
Walmart beat market expectations when it reported its revenue rose 4.8% in this year&rsquo;s second quarter. Part of that upside may have come from China, where its sales defied the weak market to jump by 17.7% to $4.6 billion, led by a 44% jump in local e-commerce sales.
&ldquo;In China, strong membership trends and Sam&rsquo;s Club continue to drive double-digit sales growth, and about half of our sales there are digital,&rdquo; Walmart CEO Doug McMillon said on the company&rsquo;s earnings call.
While Walmart is ready to go solo in China, it&rsquo;s far less clear if JD.com is enjoying the divorce as it faces multiple headwinds, from cutthroat competition to growing geopolitical tensions that are scaring global investors from its U.S.- and Hong Kong-listed shares.
For years JD.com was focused on building its platform, renowned for quality electronics and its own logistics network that guaranteed timely delivery. But as competition intensifies, it has also diversified beyond its original direct sales model and added more smaller third-party shops to its platform to better compete with Taobao. It is also experimenting with low prices and subsidies, aiming to compete not only with Taobao, but also&nbsp;PDD&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pdd#NASDAQ">PDD</a>), and livestreaming e-commerce platforms like Douyin.
JD.com has started to follow suit by trying to turn up its livestreaming sales that are all the rage in China now, but it has gained little traction so far. Meantime, PDD overtook JD.com in 2019 to become China&rsquo;s second largest e-commerce platform, and late last year surpassed Alibaba to become the country&rsquo;s most valuable e-commerce company by market value. Reflecting current investor sentiment, Alibaba now trades at the highest price-to-earnings ratio of 21 among the trio, while PDD comes next at 13 and JD.com is last among that trio at just 9.
All that said, JD.com is still a force to be reckoned with in China. It nearly doubled its profits in this year&rsquo;s second quarter, and management said on its earnings call that the company will continue its low-price strategy as it tries to compete with the likes of Sam&rsquo;s Club and PDD in offering better value for money.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Asia

Penny Stocks

Small Cap

General

COST

DADA

Resurging Walmart, Shaky JD.com Go Their Separate Ways In China

By Teri Yu
Shares of&nbsp;PDD Holdings Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pdd#NASDAQ">PDD</a>) plunged nearly 30% on Monday after the parent of e-commerce sensation Temu said it may need to sacrifice near-term profits to remain competitive. The drop was the biggest single-day decline since the company&rsquo;s 2018 IPO, wiping out more than $50 billion in market value and causing the company to lose its spot as China&rsquo;s most valuable e-commerce company.
Investors were spooked after the company warned in its&nbsp;<a href="https://www.globenewswire.com/news-release/2024/08/26/2935348/0/en/PDD-Holdings-Announces-Second-Quarter-2024-Unaudited-Financial-Results.html">second-quarter results</a>&nbsp;of intense competition and external challenges ahead that would impact its future growth and profits.
Fast-rising PDD recently became the world&rsquo;s second most valuable e-commerce company, trailing only&nbsp;Amazon&nbsp;and surpassing domestic rival&nbsp;Alibaba&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>) in market value in May. Western investors were particularly impressed by the rapid rise of its low-cost Temu international marketplace. But after the Monday selloff, PDD&rsquo;s market value dropped to $194 billion, slightly behind the $199 billion for Alibaba.
Nonetheless, PDD&rsquo;s latest results showed it is still growing quickly. Its revenue in the second quarter jumped 86% year-on-year to 97.1 billion yuan ($13.4 billion), driven by growth in both its online marketing and transaction services. Revenue from its transaction services soared 234% to 47.9 billion yuan year-on-year.
While the revenue growth was impressive, it&rsquo;s worth noting the rate marked a slowdown from the previous quarter&rsquo;s 131% increase, which may have heightened market concerns. The company&rsquo;s second-quarter non-GAAP net profit reached 34.4 billion yuan, up 125% from 15.3 billion yuan in the year-ago period.
Chairman and Co-CEO Chen Lei said the company is seeing many challenges ahead and is prepared &ldquo;to accept short-term sacrifices and potential decline in profitability.&rdquo; &nbsp;Vice President of Finance Liu Jun also warned of a slowdown: &ldquo;Looking ahead, revenue growth will inevitably face pressure due to intensified competition and external challenges,&rdquo; he said.
PDD said that in response to competition and changing consumer preferences, the company will enter a new investment phase to enhance its supply chain efficiency and initiate more support and incentives for quality merchants. New steps include waiving or significantly reducing their transaction fees, with an initial target of 10 billion yuan in such reductions during the first year. The company emphasised that such investment will weigh on its profit from the next quarter onward but will benefit its platforms over the longer term.
PDD does not give separate financials for Temu, which now operates in more than 70 markets. &nbsp;But management warned that macro uncertainties will impact both revenue and profitability of its global business.
Founded in 2015, PDD has ascended to the top of China&rsquo;s fiercely competitive e-commerce sector largely on the huge popularity of its low prices and group-buying features that integrate with the country&rsquo;s ubiquitous WeChat social network. The model resonates especially well with price-sensitive consumers in China&rsquo;s smaller cities who like purchasing the service&rsquo;s highly discounted items with family and friends. Its success has prompted older rivals Alibaba and JD.com to reshape their strategy to address weakening consumer sentiment as China&rsquo;s economy slows.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

NEWS WRAP: Temu Parent PDD's Shares Plummet After Worrisome Results

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>TSLA</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/30/24</td>
<td>$215.00</td>
<td>$29.5K</td>
<td>9.8K</td>
<td>46.1K</td>
</tr>
<tr>
<td>M</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$15.00</td>
<td>$32.7K</td>
<td>19.5K</td>
<td>5.0K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$180.00</td>
<td>$32.6K</td>
<td>26.3K</td>
<td>3.3K</td>
</tr>
<tr>
<td>BBWI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$35.00</td>
<td>$514.8K</td>
<td>1.4K</td>
<td>2.2K</td>
</tr>
<tr>
<td>AMRK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$35.00</td>
<td>$260.0K</td>
<td>5.9K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$130.00</td>
<td>$30.8K</td>
<td>5.0K</td>
<td>1.4K</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$76.00</td>
<td>$32.9K</td>
<td>208</td>
<td>1.2K</td>
</tr>
<tr>
<td>CPRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$37.3K</td>
<td>29.2K</td>
<td>1.1K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$75.00</td>
<td>$43.8K</td>
<td>13.8K</td>
<td>1.0K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$155.00</td>
<td>$33.0K</td>
<td>2.6K</td>
<td>870</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option trade with neutral sentiment. It expires in 4 day(s) on August 30, 2024. Parties traded 50 contract(s) at a $215.00 strike. The total cost received by the writing party (or parties) was $29.5K, with a price of $590.0 per contract. There were 9837 open contracts at this strike prior to today, and today 46163 contract(s) were bought and sold. 
• Regarding M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), we observe a put option sweep with bearish sentiment. It expires in 144 day(s) on January 17, 2025. Parties traded 245 contract(s) at a $15.00 strike. This particular put needed to be split into 162 different trades to become filled. The total cost received by the writing party (or parties) was $32.7K, with a price of $133.0 per contract. There were 19532 open contracts at this strike prior to today, and today 5095 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 trade with bearish sentiment. It expires in 25 day(s) on September 20, 2024. Parties traded 100 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $32.6K, with a price of $326.0 per contract. There were 26364 open contracts at this strike prior to today, and today 3383 contract(s) were bought and sold. 
• Regarding BBWI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>), we observe a call option trade with bullish sentiment. It expires in 25 day(s) on September 20, 2024. Parties traded 2200 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $514.8K, with a price of $234.0 per contract. There were 1426 open contracts at this strike prior to today, and today 2231 contract(s) were bought and sold. 
• For AMRK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMRK#NASDAQ">AMRK</a>), we notice a put option trade that happens to be bearish, expiring in 25 day(s) on September 20, 2024. This event was a transfer of 2000 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $260.0K, with a price of $130.0 per contract. There were 5950 open contracts at this strike prior to today, and today 2021 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 trade with bullish sentiment. It expires in 4 day(s) on August 30, 2024. Parties traded 10 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $30.8K, with a price of $3082.0 per contract. There were 5059 open contracts at this strike prior to today, and today 1413 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 put option sweep that happens to be bullish, expiring in 11 day(s) on September 6, 2024. This event was a transfer of 1220 contract(s) at a $76.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $32.9K, with a price of $27.0 per contract. There were 208 open contracts at this strike prior to today, and today 1285 contract(s) were bought and sold. 
• Regarding CPRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>), we observe a put option sweep with bullish sentiment. It expires in 144 day(s) on January 17, 2025. Parties traded 250 contract(s) at a $20.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $37.3K, with a price of $145.0 per contract. There were 29266 open contracts at this strike prior to today, and today 1118 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 put option sweep with bearish sentiment. It expires in 144 day(s) on January 17, 2025. Parties traded 600 contract(s) at a $75.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $43.8K, with a price of $73.0 per contract. There were 13846 open contracts at this strike prior to today, and today 1009 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option trade with bullish sentiment. It expires in 4 day(s) on August 30, 2024. Parties traded 87 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $33.0K, with a price of $380.0 per contract. There were 2696 open contracts at this strike prior to today, and today 870 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.

AMRK

BBWI

CVNA

Alibaba Group Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) shares are trading lower by 4.58% to $81.50 Monday morning following the release of second-quarter earnings by its <a href="https://www.benzinga.com/news/earnings/24/08/40548945/temu-parent-pdd-posts-86-q2-topline-growth-stock-drops-after-ceo-flags-upcoming-challenges">competitor</a>, PDD Holdings Inc &#8211; ADR.
What Happened: PDD&#8217;s earnings report highlighted impressive year-over-year revenue growth, but management also underscored challenges that could have broader implications for Alibaba&#8217;s business strategy and market position.
PDD reported an 86% year-on-year revenue growth for the quarter, reaching $13.36 billion. Despite this growth, the revenue figure missed analyst expectations of $14.02 billion. PDD's adjusted earnings per American Depositary Share (ADS) of $3.20 meanwhile surpassed the consensus estimate of $2.73.
Commentary From Leadership: Lei Chen, Chair and Co-CEO of PDD Holdings, acknowledged the progress made but also highlighted looming challenges: "While encouraged by the solid progress we made in the past few quarters, we see many challenges ahead." This points to potential hurdles that could impact future growth, an indication that the competitive landscape is intensifying.
Read Also: <a href="https://www.benzinga.com/news/24/08/40551434/whats-going-on-with-xpeng-stock-on-monday">What&#8217;s Going On With XPeng Stock On Monday?</a>
Jun Liu, Vice President of Finance at PDD, added to this cautious outlook, stating, "In the past quarter, our revenue growth rate slowed quarter-on-quarter. Looking ahead, revenue growth will inevitably face pressure due to intensified competition and external challenges." 
Liu's comments specifically hint at a more competitive environment that could impact not just PDD but also other major players like Alibaba.
Impact On Alibaba: PDD&#8217;s significant growth, particularly in transaction services, may suggest its taking market share from Alibaba. Alibaba has long been a leader in China&#8217;s e-commerce market, but PDD's rapid growth suggests that it is becoming a formidable competitor. The competition is not just in e-commerce but also in areas like online marketing services, where Alibaba has heavily invested.
Additonaly, PDD&#8217;s ability to rapidly scale its revenues and its massive cash reserves ($39.2 billion as of June 30, 2024) provide it with the resources to continue its aggressive expansion.
This could put pressure on Alibaba to innovate and invest more heavily in customer acquisition and retention, potentially compressing margins.
Read Also: <a href="https://www.benzinga.com/general/biotech/24/08/40551066/eli-lillys-alzheimers-drug-faces-uk-agency-block-after-biogens-medicine-rejection-over-cost-safet">Eli Lilly&#8217;s Alzheimer&#8217;s Drug Faces UK Agency Block After Biogen&#8217;s Medicine Rejection Over Cost, Safety</a>
<h2 class="wp-block-heading">How To Buy BABA Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Alibaba&#8217;s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, BABA has a 52-week high of $96.68 and a 52-week low of $66.63.

What's Going On With Alibaba Stock?

In the face of U.S. sanctions, Chinese tech giants have doubled their capital expenditure in 2024, with a heavy focus on artificial intelligence (AI) infrastructure. 
What Happened: Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Tencent (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), and Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) together invested 50 billion Chinese yuan ($7 billion) in the first half of 2024, a significant increase from 23 billion Chinese yuan ($3.22 billion) the previous year. The investments are primarily directed towards processors and infrastructure for training large language models for AI, the Financial Times <a href="https://www.ft.com/content/31bffc48-2ca7-472b-9d53-3deaad2d86ce">reported</a> on Monday.
ByteDance, the parent company of TikTok, has also increased its AI-related expenditure, utilizing its $50 billion cash reserve and relative freedom from investor scrutiny.
Despite U.S. export controls limiting access to Nvidia Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) leading AI processors, Chinese tech giants are acquiring lower-performance processors like Nvidia&#8217;s H20. Analysts predict Nvidia will ship over a million of these processors to Chinese tech groups in the coming months.
See Also: <a href="https://www.benzinga.com/markets/asia/24/08/40531142/jd-stock-slips-into-death-cross-after-walmart-sells-stake?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">JD Stock Slips Into Death Cross After Walmart Sells Stake</a>
Why It Matters: The ramped-up investment in AI by Chinese tech giants is a response to Chinese President Xi Jinping&#8217;s call for <a href="https://www.benzinga.com/news/24/06/39480781/xi-jinping-urges-china-to-ramp-up-tech-innovation-amid-ongoing-chip-dispute-with-us">the country to boost</a> its innovation capabilities amid the ongoing chip dispute with the U.S. Jinping pointed out that &#8220;some key, core technologies are controlled by others,&#8221; indicating a lack of top scientific and technological talents.
Chinese AI developers have also found ways to access advanced Nvidia Corp chips without importing them into China, leveraging <a href="https://www.benzinga.com/news/24/08/40550305/nvidia-tech-fuels-chinese-ai-growth-overseas-alibaba-ramps-up-7b-investment">computing power abroad</a> through brokers.
Since 2023, Alibaba and Tencent have directed a <a href="https://www.benzinga.com/markets/asia/24/08/40480304/chinese-tech-giants-alibaba-and-tencent-ramp-up-ai-investments-with-nearly-a-third-of-deals-since-20">significant portion of their deals</a> in China towards AI startups, marking record-high investments in the sector for both companies. This shift in focus comes at a time when the two tech giants have been scaling back their investments due to regulatory challenges, the impact of the COVID-19 pandemic, and a slowing Chinese economy.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40444920/whats-going-on-with-faraday-future-intelligent-electric-stock-monday?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Faraday Future Intelligent Electric Stock Monday?</a></li>
</ul>
Photo by William Potter on 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/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Success Stories

TCEHY

Despite US Limits On China's Access To Nvidia Chips, Tech Titans Like Alibaba And Tencent Ramp Up AI Investments

Chinese artificial intelligence developers have made a breakthrough in gaining access to sophisticated advanced AI chips as U.S. semiconductor sanctions on China erode their AI ambitions.
The Chinese AI developers are acquiring advanced Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips without importing them into China by leveraging computing power abroad through brokers.
The developers are resorting to cryptocurrency-world methods, like using blockchain technology for anonymity, to bypass U.S. semiconductor sanctions, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/ai/chinas-ai-engineers-are-secretly-accessing-banned-nvidia-chips-58728bf3?mod=tech_lead_story'" rel="noreferrer noopener">reports</a>.
AI developers rent the computing power needed to run AI algorithms, working with overseas data centers and decentralized platforms, bypassing the cumbersome effort of importing the chips into China.
Derek Aw's company, a former Bitcoin miner, loaded over 300 servers with the chips into a data center in Brisbane, Australia, after which they began processing AI algorithms for a company in Beijing, the WSJ noted.
Joseph Tse is a former employee of a Shanghai-based AI startup that, according to WSJ, arranged for over 400 servers at a data center in California with Nvidia's H100 chips to train its AI model.
The WSJ said Edge Matrix Computing connected over 3,000 GPUs in its decentralized network, including Nvidia chips, for AI training.
Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), and Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) collectively spent 50 billion Chinese Yuan ($7 billion) on capital expenditures in the first half of this year, compared to 23 billion Chinese Yuan a year ago, focusing on processors and infrastructure for training AI models, the Financial Times <a target="_blank" href="https://www.ft.com/content/31bffc48-2ca7-472b-9d53-3deaad2d86ce" rel="noreferrer noopener">reports</a>.
Chinese tech companies are purchasing lower-performance processors like Nvidia's H20, priced between $12,000 and $13,000 each.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26042627/newplot-23.png" alt="" class="wp-image-512958" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26042627/newplot-23.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26042627/newplot-23-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Previously, Alibaba Co-founder and chairman Joe Tsai stated that China trailed behind the U.S. in the&nbsp;AI&nbsp;race due to the U.S. sanctions, which also took a toll <a target="_blank" href="https://www.benzinga.com/government/24/04/38140039/us-embargo-on-nvidia-stings-hard-chinas-ai-development-lags-peers-alibabas-joe-tsai-reveals" rel="noreferrer noopener">on Alibaba's cloud business</a>.
Analysts predict Nvidia will ship over a million units of these processors to Chinese firms in the coming months.
Despite these investments, China's Big Tech capex still trails far behind that of their American counterparts, with Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) spending $106 billion in the same period.
Thanks to the AI frenzy, Nvidia stock has risen over 176% in the last 12 months. Alibaba is down over 7.4% due to the weak Chinese economy, escalating domestic re-commerce rivalry, and U.S. semiconductor sanctions that have damaged the e-commerce juggernaut.
Price Actions: NVDA stock traded higher by 0.53% at $130.05 premarket at last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

GOOG

GOOGL

MSFT

Nvidia Tech Fuels Chinese AI Growth Overseas, Alibaba Ramps Up $7B Investment

Alibaba shares are trading lower in sympathy with PDD Holdings after the company reported worse-than-expected Q2 sales results.

Temu parent PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/g40548324/pdd-holdings-announces-second-quarter-2024-unaudited-financial-results" rel="noreferrer noopener">fiscal second-quarter 2024</a> revenue growth of 86% year-on-year to $13.36 billion (97.06 billion Chinese yuan), missing the&nbsp;analyst consensus estimate of $14.02 billion.
The Chinese online retailer&#8217;s adjusted earnings per ADS of $3.20 (23.24 Chinese yuan) increased from 10.47 Chinese yuan Y/Y, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $2.73</a>.&nbsp;The stock plunged after the print.
Revenues from online marketing services and others rose 29% Y/Y to $6.76 billion. Revenues from transaction services jumped 234% Y/Y to $6.6 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40251560/amazon-boosts-recruitment-efforts-in-china-targets-rivalry-with-temu-report" rel="noreferrer noopener">Amazon Boosts Recruitment Efforts In China, Targets Rivalry With Temu: Report</a>
The&nbsp;Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) rival posted an adjusted operating profit of $4.81 billion, up 139% year over year.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26065524/newplot-1-7.png" alt="" class="wp-image-513229" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26065524/newplot-1-7.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26065524/newplot-1-7-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
PDD Holdings held $39.2 billion in cash and equivalents as&nbsp;of June 30, 2024, and generated $6.03 billion in operating cash flow.
&#8220;While encouraged by the solid progress we made in the past few quarters, we see many challenges ahead,&#8221; said Mr. Lei Chen, Chair and Co-CEO of PDD Holdings.
&#8220;In the past quarter, our revenue growth rate slowed quarter-on-quarter. Looking ahead, revenue growth will inevitably face pressure due to intensified competition and external challenges,&#8221; said Ms. Jun Liu, VP of Finance of PDD Holdings. &#8220;Profitability will also likely be impacted as we continue to invest resolutely.&#8221;
PDD Holdings stock is up over 73% in the last 12 months.
Price Action: PDD stock traded lower by 14.70% to $119.35 premarket at the last check on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40390854/alibaba-q1-earnings-revenue-miss-amid-price-war-profit-beat-international-commerce-and-cloud-segmen" target="_blank" rel="noreferrer noopener">Alibaba Q1 Earnings: Revenue Miss Amid Price War, Profit Beat, International Commerce and Cloud Segments Shine</a></li>
</ul>
Photo via Shutterstock

Earnings

Guidance

Temu Parent PDD Posts 86% Q2 Topline Growth, Stock Drops After CEO Flags Upcoming Challenges

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. 
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>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$210.00</td>
<td>$25.4K</td>
<td>7.2K</td>
<td>23.7K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$90.00</td>
<td>$156.9K</td>
<td>24.1K</td>
<td>9.1K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$175.00</td>
<td>$34.6K</td>
<td>6.0K</td>
<td>8.4K</td>
</tr>
<tr>
<td>CAVA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$115.00</td>
<td>$30.8K</td>
<td>0</td>
<td>4.7K</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$3.00</td>
<td>$93.0K</td>
<td>4.6K</td>
<td>3.5K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$140.00</td>
<td>$27.5K</td>
<td>1.5K</td>
<td>2.4K</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$37.00</td>
<td>$43.2K</td>
<td>1.9K</td>
<td>1.0K</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$90.00</td>
<td>$47.3K</td>
<td>681</td>
<td>942</td>
</tr>
<tr>
<td>CTRN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$25.00</td>
<td>$25.4K</td>
<td>2.2K</td>
<td>883</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$33.00</td>
<td>$57.0K</td>
<td>15.7K</td>
<td>635</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on August 30, 2024. Parties traded 106 contract(s) at a $210.00 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 $25.4K, with a price of $240.0 per contract. There were 7212 open contracts at this strike prior to today, and today 23787 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 sweep that happens to be bearish, expiring in 28 day(s) on September 20, 2024. This event was a transfer of 1200 contract(s) at a $90.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $156.9K, with a price of $130.0 per contract. There were 24126 open contracts at this strike prior to today, and today 9127 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 trade that happens to be bearish, expiring in 7 day(s) on August 30, 2024. This event was a transfer of 200 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $34.6K, with a price of $173.0 per contract. There were 6031 open contracts at this strike prior to today, and today 8466 contract(s) were bought and sold. 
• Regarding CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we observe a put option trade with bearish sentiment. It expires in 7 day(s) on August 30, 2024. Parties traded 199 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $30.8K, with a price of $155.0 per contract. There were 0 open contracts at this strike prior to today, and today 4715 contract(s) were bought and sold. 
• For PTON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>), we notice a call option sweep that happens to be bearish, expiring in 56 day(s) on October 18, 2024. This event was a transfer of 499 contract(s) at a $3.00 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 $93.0K, with a price of $187.0 per contract. There were 4622 open contracts at this strike prior to today, and today 3584 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 7 day(s) on August 30, 2024. Parties traded 50 contract(s) at a $140.00 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 $27.5K, with a price of $550.0 per contract. There were 1508 open contracts at this strike prior to today, and today 2419 contract(s) were bought and sold. 
• For MGM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on September 20, 2024. This event was a transfer of 163 contract(s) at a $37.00 strike. This particular call needed to be split into 72 different trades to become filled. The total cost received by the writing party (or parties) was $43.2K, with a price of $265.0 per contract. There were 1943 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a put option trade that happens to be bearish, expiring in 84 day(s) on November 15, 2024. This event was a transfer of 55 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $47.3K, with a price of $861.0 per contract. There were 681 open contracts at this strike prior to today, and today 942 contract(s) were bought and sold. 
• Regarding CTRN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>), we observe a put option sweep with bearish sentiment. It expires in 84 day(s) on November 15, 2024. Parties traded 26 contract(s) at a $25.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $980.0 per contract. There were 2233 open contracts at this strike prior to today, and today 883 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 sweep that happens to be neutral, expiring in 28 day(s) on September 20, 2024. This event was a transfer of 150 contract(s) at a $33.00 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 $57.0K, with a price of $380.0 per contract. There were 15763 open contracts at this strike prior to today, and today 635 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.

CAVA

CTRN

PTON

Alibaba Group Holding Ltd.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) decision on Friday to change <a href="https://www.benzinga.com/markets/asia/24/08/40520734/alibaba-opens-doors-for-mainland-investments-shifts-listing-status-in-hong-kong-fund-manager-says-it">its listing status</a> in Hong Kong could mean that the tech giant could be included in the Southbound Bond Connect by early next month, according to a Goldman Sachs analyst.
&#8220;Based on Southbound Connect half-yearly reviews and inclusion adjustment dates (Sep/Mar of each year), we believe Alibaba's primary listing (from secondary listing) in HK by end-August could pave the way for potential Southbound inclusion in early Sep.,&#8221; said analyst Ronald Keung.
Goldman Sachs continues to see significant shareholder return policies from Alibaba, such as the repurchase of $10.6 billion in shares over the first half of 2024.
It also expects customer management revenue growth from adtech tool upgrades and recent software service fees to stabilize earnings on the second half of fiscal 2025, thus narrowing the gap between gross merchandise value and customer management revenue, which could result in recovery of revenue growth, he said.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/07/39701760/nvidia-alibaba-jumia-technologies-chipotle-tesla-why-these-5-stocks-are-on-investors-radars-toda">Nvidia, Alibaba, Jumia Technologies, Chipotle, Tesla: Why These 5 Stocks Are On Investors&#8217; Radars Today</a>
&#8220;We continue to believe valuation is attractive,&#8221; Keung added. 
Goldman Sachs maintains a Buy rating on Alibaba.
On Friday, Alibaba Group announced it will change its listing status in Hong Kong, a strategic move that will enable the technology giant to offer shares to the 220 million investors on <a href="https://www.benzinga.com/markets/asia/24/08/40520734/alibaba-opens-doors-for-mainland-investments-shifts-listing-status-in-hong-kong-fund-manager-says-it">mainland China's stock market.</a>
This new designation will make Alibaba&#8217;s shares eligible for the Stock Connect cross-border investment channel. The exchange operators of Shenzhen and Shanghai will review additions to the program on Sept. 5. If approved, mainland investors could start trading Alibaba shares as early as Sept. 9.
 Price Action: Alibaba gained 3.14% to $85.53 at the time of publication Friday.
Read Now: 
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<li><a href="https://www.benzinga.com/personal-finance/24/04/38315996/joe-tsai-co-founder-of-alibaba-says-that-theres-a-wealth-effect-from-property-downturn">Joe Tsai, Co-Founder of Alibaba, Says That There&#8217;s A &#8216;Wealth Effect&#8217; From Property Downturn</a></li>
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Photo: Shutterstock

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With rapid expansion and high growth prospects, emerging markets and economies are poised to experience robust growth. Therefore, it could be wise to invest in high-risk, high rewarding emerging market stocks Taiwan Semiconductor Manufacturing (TSM), PDD Holdings (PDD), and Alibaba Group Holding (BABA). Keep reading... Emerging markets are on a growth and expansion rally with their increasing contributing to the world economy, rising technological adaption, and favorable economic policy and are poised to surpass many developed economies.
Given the economies' bright prospects, it could be ideal to invest in high-risk emerging market stocks Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>), PDD Holdings Inc. (<a href="https://stocknews.com/stock/PDD/">PDD</a>), and Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>) for high rewards.
In a recent report, IMF stated that global growth is expected to remain in line with the April 2024 <a href="https://www.imf.org/en/Publications/WEO/Issues/2024/07/16/world-economic-outlook-update-july-2024">World Economic Outlook (WEO)</a> forecast, at 3.2% in the current year and 3.3% in 2025. This is broadly due to services inflation holding up progress on disinflation.
Also, inflation risks have increased, resulting in raising the possibility of longer interest rates in the context of escalating trade tensions and increased policy uncertainty.
However, the US is expected to project a slower growth due to its inflation battle in 2023. The economy's GDP sits at 2.7%. On the other hand, the <a href="https://watcher.guru/news/7-brics-countries-predicted-to-outperform-us-gdp-in-2024">BRICS economic</a> alliance is on a trajectory to see its GDP grow to over $34 trillion in the next four years.
Emerging market stocks generally carry high risks, but also have high potential for high rewards for the investors.
Given the industry's bright prospects, let's delve into the fundamentals of the three best emerging market stocks: TSM, PDD, and BABA.
Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>)
Headquartered in Hsinchu City, Taiwan, TSM manufactures, packages, tests, and sells integrated circuits and other semiconductor devices internationally. The company provides a range of wafer fabrication processes and offers customer and engineering support services.
On August 9, TSM reported net revenue of NT$256.95 billion ($7.98 billion) for July 2024 on a consolidated basis, indicating an increase of 23.6% from the prior month and an increase of 44.7% from July 2023. Further, it also reported revenue for January through July 2024 of NT$1,523.11 billion ($47.30 billion), up 30.5% from the same period in 2023.
On April 24, TSM unveiled its newest semiconductor process, advanced packaging, and 3D IC technologies for powering the next generation of AI innovations with silicon leadership. The company launched the TSMC A16TM technology, consisting of leading nano-sheet transistors with innovative backside power rail solutions.
It also introduced its System-on-Wafer (TSMC-SoW&#x2122;) technology, an innovative solution to bring revolutionary performance to the wafer level.
For the second quarter that ended June 30, 2024, TSM's net revenue increased 40.1% year-over-year to $20.82 billion. Its gross profit grew 37.6% from the year-ago value to $11.07 billion. The company's income from operations of $8.86 billion indicates growth of 41.9% from the prior year's quarter.
Furthermore, the company's <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> and EPS of $7.66 billion and NT$9.56 indicates increase of 36.3% year-over-year.
Street expects TSM's revenue for the third quarter (ending September 2024) to increase 36.8% year-over-year to $23.12 billion, and its EPS is expected to grow 37.9% year-over-year to $1.78 for the same quarter. Moreover, the company has surpassed the consensus EPS and revenue estimates in each of the trailing four quarters, which is remarkable.
Over the past six months, TSM's stock has soared 37.8% and 90.2% over the past year to close the last trading session at $174.54.
TSM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. 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, with each factor weighted to an optimal degree.
The stock has an A grade for Quality, and a B grade for Momentum and Sentiment. It is ranked #7 out of 90 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry.
In addition to the POWR Ratings we've stated above, we also have TSM's other ratings for Value, Stability, and Growth. Get all TSM ratings <a href="https://stocknews.com/stock/TSM/">here</a>.
PDD Holdings Inc. (<a href="https://stocknews.com/stock/PDD/">PDD</a>)
Based in Dublin, Ireland, PDD owns and operates a portfolio of businesses. The company operates Pinduoduo, an e-commerce platform which offers products like agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, and it also operates Temu, an online marketplace.
PDD's trailing-12-month gross profit and EBIT margins of 61.83% and 26.19% are 67.6% and 232.5% higher than the respective industry averages of 36.89% and 7.88%. Likewise, the stock's trailing-12-month net income margin of 26.93% is considerably higher than the industry average of 4.57%.
For the first quarter that ended March 31, 2024, PDD's revenues increased 130.6% year-over-year to $12.02 billion. Its non-GAAP operating profit grew 237.5% from the year-ago value to $3.95 billion. Non-GAAP net income attributable to ordinary shareholders and EPS came in at $4.24 billion and $0.71, up 202.1% and 199.4% from the prior year's quarter, respectively.
Street expects PDD's revenue and EPS for the second quarter (ended June 2024) to grow 94.6% and 94.4% year-over-year to $13.97 billion and $2.79, respectively. Furthermore, the company surpassed the consensus EPS and revenue estimates in all four trailing quarters, which is remarkable.
Shares of PDD have gained 10.4% over the past six months and 88.9% over the past year to close the last trading session at $149.29.
PDD's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to a Buy in our proprietary rating system.
PDD has a B grade for Sentiment, Quality, Momentum, and Growth. It is ranked #10 among 41 stocks in the B-rated <a href="https://stocknews.com/category/china/">China</a> industry.
To access PDD's ratings for Value and Stability, <a href="https://stocknews.com/stock/PDD/">click here</a>.
Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>)
Based in Hangzhou, China, BABA provides technology infrastructure and marketing assistance to merchants, brands, retailers, and other businesses for engaging with their customers internationally. It operates in seven segments: China Commerce; International Commerce; Local Consumer Services; Cainiao; Cloud; Digital Media and Entertainment; Innovation Initiatives and Others.
On July 23, BABA announced that its generative artificial intelligence (AI) toolkit, "Aidge," has been adopted by over 500,000 merchants and has seen API calls double every two months. The AI tools have enhanced over 100 million product listings, boosting operational efficiency and market reach across e-commerce platforms.
On June 7, BABA entered into a collaboration with UEFA EURO 2024&#x2122;, making it the official B2B E-commerce partner of UEFA EURO 2024&#x2122; in the U.S. and China. The partnership bodes well with the existing agreement and adds various opportunities for small and medium-sized enterprises on Alibaba.com to leverage the increased demand around the tournament.
For 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 was $4.95 billion for the quarter. The company's non-GAAP net income and EPS came in at $5.60 billion and $0.28 for the quarter, respectively.
Furthermore, the company's adjusted EBITDA and free cash flow were $7.04 billion and $2.39 billion for the quarter, respectively.
Analysts expect BABA's revenue for the third quarter (ending December 2024) to increase 8.1% year-over-year to $39.11 billion. The company's EPS for the same period is expected to grow 3.1% year-over-year to $2.72.
Shares of BABA have surged 6.5% over the past month and 13.5% over the past six months to close the last trading session at $83.18.
BABA's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has a B grade for Momentum, Sentiment, and Quality. BABA is ranked #8 of 41 stocks in the B-rated China industry.
<a href="https://stocknews.com/stock/BABA/">Click here</a> to access additional ratings of BABA for Growth, Value, and Stability.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
TSM shares were trading at $175.45 per share on Monday afternoon, up $0.91 (+0.52%). Year-to-date, TSM has gained 69.66%, versus a 18.48% 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/tsm-pdd-baba-3-emerging-market-stocks-for-high-risk-high-reward-investors/>3 Emerging Market Stocks for High-Risk, High-Reward Investors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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