U.S. Stock Night Market Movements
Alibaba fell 3.20% in the night market. Based on recent news,
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On March 2, Alibaba recorded a large transaction with a transaction amount of 72.03 million yuan, and the stock price was 4% lower than the previous day's closing price, triggering market sell-offs, with the stock price dropping 4.5%.
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On March 3, the U.S. attack on Iran led to a weak opening for U.S. stocks, with Chinese concept stocks generally declining; Alibaba fell 1.08%, further exacerbating market sell-off pressure on its stock.
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On March 4, the Alibaba Qwen research team underwent significant structural changes, with several key technical leaders leaving, raising market concerns about its future development path. JP Morgan viewed this as an execution risk premium, putting pressure on the stock price. Geopolitical risks have risen, and market risk aversion is strong.
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Stocks with High Trading Volume in the Industry
Amazon fell 0.63% in the night market. Based on recent key news:
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On March 3, Amazon's cloud computing division AWS was attacked by drones in the Middle East, resulting in facility damage and service interruptions. This incident intensified geopolitical tensions, affecting global supply chains and energy markets, causing oil prices to soar and putting pressure on Amazon's stock price. Source: Bloomberg
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On March 3, Amazon closed its Abu Dhabi distribution center and suspended delivery services due to escalating regional instability. This move led to a decrease in logistics network capacity, affecting the transportation of goods for nearly 300,000 third-party sellers. Source: Tencent Technology
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On March 2, Amazon announced an expanded partnership with OpenAI, investing $50 billion to accelerate AWS's AI capabilities. This move was seen by analysts as strategically beneficial, but the high short-term investment puts pressure on financial metrics. Source: Citigroup report on geopolitical tensions exacerbating global supply chain pressures.
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JD.com fell 1.42% in the night market. Based on recent key news:
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On March 3, JD.com is set to announce its earnings this Thursday, with the market expecting a significant decline in its fourth-quarter net profit. Investors are concerned about its food delivery business losses and new business strategies, leading to pressure on the stock price. According to predictions from 18 brokerages, JD.com's net profit for Q4 2025 is expected to be between a loss of 289 million to 1 billion yuan, a year-on-year decrease of 94.6%. Source: Zhito Finance
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On March 4, JD.com's food delivery business data showed that the order volume for tangyuan during the Lantern Festival increased more than tenfold compared to the previous period, indicating strong market demand, but it did not alleviate overall performance pressure. Source: Dongfang Caifu Wang
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On March 4, global stock market volatility increased, and Chinese internet companies like JD.com faced regulatory challenges, leading to a decline in stock prices. JD.com's relative strength index indicated an oversold state, suggesting low market sentiment. Source: MarketWatch The internet industry faces risks of traffic competition in the AI era.
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Pinduoduo fell 0.51% in the night market. Based on recent key news:
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On March 4, the People's Court of Changning District, Shanghai, sentenced a former Pinduoduo employee for bribery. This incident may affect the company's reputation, leading to stock price fluctuations. Source: Hongxing Capital Bureau
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On March 3rd, GuoXin Securities reported that internet giants will increase their investment in AI, which may affect the capital expenditures and market competition of companies like Pinduoduo. Source: GuoXin Securities
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On March 5th, the government work report mentioned promoting the expansion and upgrading of cross-border e-commerce, which may have a positive impact on Pinduoduo's international business. Source: Benzinga Internet industry increases AI investment, competition intensifies
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Alibaba fell 3.20% in the after-hours market; Amazon fell 0.63% in the after-hours market, with a transaction volume of USD 16.16 million; JD.com fell 1.42% in the after-hours market, with a transaction volume of USD 6.65 million; Pinduoduo fell 0.51% in the after-hours market, with a transaction volume of USD 1.9 million

- Alibaba's stock dropped 3.20% in after-hours trading due to recent developments, including a 4.5% decline after large trades and concerns following key personnel departures from its Qwen research team.  
- Amazon experienced pressure as geopolitical tensions escalated, particularly after its AWS division suffered a drone attack, leading to facility damage and service disruptions.  
- JD.com faced declining stock prices due to anticipated profit drops and regulatory challenges, while Pinduoduo's reputation was impacted by a former employee's bribery conviction amid increased competition in AI investments.

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U.S. stock night market volatility: Alibaba fell 3.20% in after-hours trading, large transactions and executive departures triggered market panic