Alibaba Group Holding Limited American Depositary Shares, each represents eight Ordinary Shares - BABA STOCK NEWS

Intercontinental Exchange (NYSE: ICE) announced the quarterly rebalancing of the NYSE FANG+™ Index, effective December 20, 2021. The index will now include Microsoft, replacing Twitter, keeping the total at 10 constituents. The NYSE FANG+™ Index tracks top technology and tech-enabled stocks, historically outperforming with an annualized return of 32.96% from September 2014 to November 2021. This change aims to maintain its status as a vital benchmark for U.S. tech companies.

JFrog Ltd. (NASDAQ: FROG) has launched free open-source scanning tools to help developers identify and address Apache Log4j vulnerabilities in their software. The four new tools are designed for both Java and Python environments and provide specialized scans for direct and transitive dependencies. With nearly half of global enterprises impacted by the Log4j vulnerability, JFrog aims to facilitate community collaboration to enhance security practices. The tools can be downloaded via GitHub and integrate easily into existing developer workflows.

Alibaba.com has launched its inaugural Grants Program, awarding $500,000 in grants, with 50 entrepreneurs each receiving $10,000. The program aims to support New Digital Entrepreneurs in various sectors, selected from over 12,000 applicants. Recipients are predominantly women and people of color, representing diverse backgrounds. The initiative seeks to tackle the financial challenges faced by small business owners and provides access to resources like the Alibaba.com Digitization Sprint. This program is a partnership with Hello Alice.

Alibaba Group Holding Limited (NYSE: BABA) has announced it will host a virtual 2021 Investor Day on December 16-17, 2021, China Standard Time. Key executives, including Daniel Zhang (CEO), Maggie Wu (CFO), and Toby Xu (Deputy CFO), will present. A webcast of the event will be available on the company's Investor Relations website prior to the event, with replays and summaries accessible afterward. Alibaba's mission is to simplify global commerce operations and build a lasting company for future generations.

Alibaba Group Holding Limited (NYSE: BABA) announced the appointment of Toby Xu as the new Chief Financial Officer, effective April 1, 2022. Maggie Wu, the outgoing CFO, will continue as a board director and partner in the Alibaba Partnership. Over her tenure, Wu significantly contributed to Alibaba's growth, leading multiple public listings. Xu, who has been with Alibaba since 2018, previously served as Deputy CFO and is expected to guide the company towards future success. This leadership change is part of Alibaba's succession planning for long-term stability.

Cvent has announced the appointment of two new Independent Board members, Marcela Martin and Jim Frankola, ahead of its merger with Dragoneer Growth Opportunities Corp. II, expected to close on December 8, 2021. These appointments are aimed at leveraging their extensive experience in technology and finance to enhance Cvent's growth amidst the evolving events industry. With Cvent's successful pivot during the pandemic, the company aims to capitalize on the growing demand for digital and hybrid event solutions, positioning itself for a stronger market presence post-merger.

Farfetch Limited (NYSE: FTCH) reported strong financial results for Q3 2021, with a significant 97% growth in Digital Platform GMV over two years, totaling $828 million, a 23% year-over-year increase. Total Group GMV exceeded $1 billion, up 28%.

Revenue reached $583 million, up 33% year-over-year, while profit after tax stood at $769 million, benefiting from a non-cash gain of $901 million due to lower share prices impacting fair value remeasurements. Adjusted EBITDA improved to $5 million, signaling profitability strides.

Alibaba Group Holding Limited (NYSE: BABA) reported its financial results for the quarter ending September 30, 2021, showing a 29% year-over-year revenue growth to RMB200,690 million (US$31,147 million). The company added 62 million active consumers, bringing the total to approximately 1.24 billion. However, adjusted EBITDA decreased by 27% to RMB34,840 million due to increased investments in strategic areas. Non-GAAP net income fell 39% to RMB28,524 million (US$4,427 million). The diluted earnings per ADS declined 38% to RMB11.20 (US$1.74).

Lyre's, the leading non-alcoholic spirits brand, has raised £20 million in funding, valuing the company at £270 million. This achievement comes in under two and a half years since its inception. With expansion into over 60 countries and a projected annual revenue of £50 million by year-end, Lyre's is set to become the fastest independent beverage brand to reach Unicorn status. The funds will focus on marketing and expanding workforce across various departments, while maintaining innovative growth in the no/low alcohol category.