177.00 -0.21 (-0.12%)
After hours: 7:59PM EDT
|Bid||176.81 x 800|
|Ask||177.09 x 800|
|Day's range||175.62 - 177.99|
|52-week range||129.77 - 195.72|
|Beta (3Y monthly)||1.84|
|PE ratio (TTM)||50.67|
|Earnings date||21 Aug 2019 - 26 Aug 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||221.29|
The experienced executive will help the ad-buying platform tap into one of the world's most important markets for digital advertising.
Chinese technology companies are stumbling in their efforts to disrupt the market for fresh produce because they cannot compete with traditional sales channels on price or convenience. Unless they can ...
Baidu's earnings this evening could be pivotal for the firm as investors evaluate whether Baidu can revitalize grow and remain profitable.
Reportedly, Alibaba Group Holding (BABA) has agreed to acquire an e-commerce company, Kaola Unit, from NetEase Inc. for approximately $2 billion.
The Chinese tech giant is still generating double-digit sales and earnings growth, but two of its main engines are losing steam.
Alibaba Group Holding's (BABA) fiscal first-quarter 2020 earnings are driven by steady improvement in core commerce and cloud businesses, along with strong growth in metrics.
Alibaba is to acquire rival NetEase’s cross-border online shopping platform, according to two people familiar with the matter, as China’s highly competitive $2tn ecommerce market takes early steps towards consolidation. to Rmb114.92bn ($16.3bn), might pay about $2bn for Kaola, according to one person familiar with the deal. Chinese shoppers have turned in large numbers to online retailers, led by Alibaba’s Taobao and Tmall platforms and JD.com: spending roughly four times as much as their US peers.
Hong Kong's political unrest is posing a dilemma for Alibaba Group Holding Ltd on the timing of its planned $15 billion (£12 billion) listing in the city, with sources saying China's biggest e-commerce company is now considering several timetables. New York-listed Alibaba was most likely to launch the offer - potentially the world's biggest of the year - as early as the third quarter, sources have said, and late August, after its first-quarter earnings, was widely viewed as the most likely window. In preparation for the giant offer, bankers advising other large listings in Hong Kong have been careful to avoid planning their launches around that period, fearing that a clash of timing would crowd out their offerings.
Alibaba (BABA) announced its fiscal 2020 first-quarter earnings results earlier today. Shares of the Chinese tech giant were up 5% in premarket trading.
This week, Alibaba (BABA) Cloud, Alibaba Group's cloud computing unit, announced the addition of nine new partners for its China gateway program.
Chinese e-commerce giant Alibaba said Thursday that first quarter revenue beat analyst estimates, defying a slowing economy and a trade war with the United States. Revenue for the April-June period rose 42 percent year-on-year to 114.9 billion yuan ($16.7 billion), a company statement said, outpacing an average analyst estimate of 111.6 billion yuan compiled by Bloomberg News. Joe Tsai, Alibaba's Executive Vice-Chairman, attributed the results to China's demographic trends and continued urbanization, pointing to the growing urban middle class willing to shell out for brands on Alibaba's e-commerce platforms.
The tech giant reported a 42 per cent year on year jump in revenues to Rmb114.92bn ($16.74bn) in the three months to June, driven by a rise in China retail, along with food delivery service ele.me — which was consolidated in May last year — and cloud. While Alibaba and Tencent are both tech conglomerates, Alibaba has its roots in ecommerce and has ridden the wave of rising online shopping while also coming under less regulatory pressure from the likes of gaming and videos.