---
title: "Top global stories this week: Alibaba, Tencent among major names"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286681588.md"
description: "Most stock indexes fell this week amid cautious investor sentiment due to inflation concerns and geopolitical tensions. The S&P 500 and Nasdaq were flat, while the Dow dropped 0.3%. European equities declined 0.8%, and Asian markets also faced losses, with China's inflation rising unexpectedly. Major corporate news included Tencent's weaker Q1 results and Alibaba's profit miss, while Takeda announced significant job cuts as part of a restructuring plan."
datetime: "2026-05-17T20:02:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286681588.md)
  - [en](https://longbridge.com/en/news/286681588.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286681588.md)
---

# Top global stories this week: Alibaba, Tencent among major names


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