BABA - Alibaba Group Holding Limited
244.80 +8.29 (3.51%)
Before hours: 7:19AM EDT
| Previous close | 240.00 |
| Open | 241.01 |
| Bid | 243.71 x 1200 |
| Ask | 244.50 x 1100 |
| Day's range | 236.13 - 241.30 |
| 52-week range | 151.85 - 241.30 |
| Volume | 16,471,013 |
| Avg. volume | 19,025,917 |
| Market cap | 643.477B |
| Beta (5Y monthly) | 1.56 |
| PE ratio (TTM) | 67.63 |
| EPS (TTM) | 3.50 |
| Earnings date | 13 Aug 2020 - 17 Aug 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 1,826.24 |
- Reuters
Alibaba's Ant plans Hong Kong IPO, targets valuation over $200 billion, sources say
Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the matter. The world's most valuable tech "unicorn" had been looking to sell shares in Hong Kong and mainland China simultaneously, but is now leaning heavily towards the Asian financial hub first because it would probably face a smoother listing process, the sources and a third person with knowledge of the matter said. It is looking at selling between 5% and 10% of its shares in an initial public offering, said one of the sources, in what would be one of the world's biggest listings this year.
- Reuters
Exclusive: Alibaba's Ant plans Hong Kong IPO, targets valuation over $200 billion, sources say
Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the matter. The world's most valuable tech "unicorn" had been looking to sell shares in Hong Kong and mainland China simultaneously, but is now leaning heavily towards the Asian financial hub first because it would probably face a smoother listing process, the sources and a third person with knowledge of the matter said. It is looking at selling between 5% and 10% of its shares in an initial public offering, said one of the sources, in what would be one of the world's biggest listings this year.
- Zacks
Top Stock Reports for Alibaba, NVIDIA & Bristol Myers Squibb
Top Stock Reports for Alibaba, NVIDIA & Bristol Myers Squibb
- Motley Fool
4 Tough Tasks for Pinduoduo’s New CEO
China’s third-largest e-commerce company has a new CEO -- but can he address its four most pressing challenges?
- Reuters
In cloud clash with Alibaba, underdog Tencent adopts more aggressive tactics
For Chinese cloud services companies, the coronavirus outbreak has become a rainmaker, bringing in new business far and wide as firms shift work online and authorities develop apps and systems to help contain outbreaks and manage social restrictions. For Tencent Holdings Ltd in particular, it has also become the perfect time to flex new muscles as it seeks to catch up with Alibaba Group Holding Ltd, its arch-rival and the dominant player in the country's cloud market by far. Tencent began to display a new level of aggressiveness after positioning its cloud business as a major area of growth in September 2018, and that has only amped up amid the pandemic, employees say.
- Reuters
China tech giant Alibaba dismisses livestreaming head, citing nepotism, gifts - document
Chinese e-commerce giant Alibaba Group Holding Ltd has fired Zhao Yan, the head of its fast-growing livestreaming division, on grounds of nepotism and accepting gifts, according to an internal memo announcing his termination, seen by Reuters. The undated document, produced by Alibaba's human resources department and published on June 29 on the company's internal intranet for staff, says Zhao was fired after he used his position to help third-party livestreamers score favourable positioning on Taobao Live, Alibaba's main platform for live-streamed e-commerce.
- Business Wire
Two in Five Fortune 500 Companies Choose Alibaba Cloud
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, said today it has supported 38 percent of the Fortune 500 companies over the past fiscal year.
- Business Wire
Alibaba Cloud and Unilever to Usher in Next-Generation Digital Marketing Initiatives
Alibaba Cloud and Unilever pioneer a strategic initiative that will enable Unilever to action on next-generation digital marketing campaigns
- Motley Fool
Why Beyond Meat Stock Jumped Today
Shares of Beyond Meat (NASDAQ: BYND) climbed on Wednesday after the meat alternatives company announced a new partnership with one of the largest and most powerful companies in China. Beyond Meat's plant-based burger patties will be sold at 50 of Alibaba's (NYSE: BABA) Freshippo grocery stores in Shanghai, beginning this weekend. The two companies plan to roll out the Beyond Burger to additional Freshippo stores in Beijing and Hangzhou in September.
- Motley Fool
Beyond Meat Partners With Alibaba to Expand in China
Alternative meat producer Beyond Meat (NASDAQ: BYND) announced a new partnership with Alibaba (NYSE: BABA) to expand its reach in mainland China, according to CNBC. The company's Beyond Burgers will initially be sold in 50 of Alibaba's Freshippo grocery stores in Shanghai beginning Saturday. Beyond Meat already has a presence in mainland China through partnerships with Starbucks (NASDAQ: SBUX) and Yum China (NYSE: YUMC).
- Investing.com
Exclusive: Gig Economy ETF Pays Off With Thematic Bet In Time of Covid
By Christiana Sciaudone
- Financial Times
Alibaba appoints fourth chief executive in 3 years at Lazada
Alibaba’s south-east Asian online shopping venture Lazada has appointed its fourth chief executive in three years as it struggles to become profitable and battles increasing competition. The company said on Friday that Chun Li, Alibaba veteran and co-president of Lazada Indonesia, will take over from Pierre Poignant, who is moving to become special assistant to Alibaba chief Daniel Zhang. The move is the latest leadership change at Lazada, one of Alibaba’s biggest overseas bets after it bought a controlling stake in the online retailer in 2016 for close to $1bn.
- Reuters
Lazada, Alibaba's Southeast Asian arm, appoints its third CEO in three years
Southeast Asian e-commerce firm Lazada, a unit of Alibaba Group Holding Ltd, on Friday named its third chief executive in three years - a move that comes after it lost ground last year to rival Shopee. Chun Li, Lazada co-president and head of its Indonesia operations, will take the helm from July, replacing co-founder Pierre Poignant. Singapore-based Shopee, which is backed by Tencent Holdings, was the most downloaded e-commerce app and the most used in Southeast Asia as of end-2019, knocking Lazada to second place, according to research firm iPrice.
- Zacks
The Zacks Analyst Blog Highlights: AMZN, BABA, NKE, MMM and BP
The Zacks Analyst Blog Highlights: AMZN, BABA, NKE, MMM and BP
- Associated Press
SoftBank's Son leaves Alibaba board following Ma's departure
Masayoshi Son, the chief executive of Japanese technology company SoftBank Group Corp., said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba. Last month, Alibaba founder and Chinese billionaire Jack Ma left SoftBank's board.
- Financial Times
Masayoshi Son steps down from Alibaba board after 15 years
Masayoshi Son has resigned from Alibaba’s board after 15 years, closing a chapter in a business partnership that has underpinned the most lucrative investment of the SoftBank founder’s career. Mr Son’s announcement on Thursday came as Jack Ma, the founder of the Chinese ecommerce group, also formally stepped down from SoftBank’s board, where he has served since 2007. Mr Ma retired as executive chairman of Alibaba last year and Mr Son has pivoted his focus to running the world’s largest technology fund.
- Financial Times
Pinduoduo defies gravity with spending spree
The most valuable company in the world never to have made a single quarter of operating profit is on a stock market run. Pinduoduo, which claims to have reinvented online shopping in China, has seen its share price rise by more than 130 per cent in the past three months, giving it a market value of $101bn, above that of Uber or Sony and twice that of Baidu or Foxconn. Its founder and chief executive, Colin Zheng Huang, who earned his master’s from the University of Wisconsin-Madison and later worked at Google, is now China’s third-richest man, behind Jack Ma, the founder of Alibaba.
- Reuters
Exclusive: China's Fosun seeks sale of $1.3 billion stake in Alibaba's Cainiao - sources
Fosun International is in talks with Alibaba and others to sell a stake worth $1.3 billion in the e-commerce giant's Cainiao, three people said, at a time when Alibaba has been increasing its holdings in the logistics affiliate. Fosun, which owns resorts brand Club Med and controls French fashion house Lanvin among other assets, is looking to sell part or all of its 6.7% stake in Cainiao at a valuation of nearly $20 billion, two of the people said. The once-acquisitive conglomerate has been talking to Chinese investment firms and companies, including Alibaba, over the past few months about the sale, and wants to use the proceeds for new investments in consumer and healthcare businesses, the two people said.
- Zacks
2 Chinese Tech Stocks To Consider As US Rally Loses Steam
2 Chinese Tech Stocks To Consider As US Rally Loses Steam
- Business Wire
Alibaba Group and Yiwu City Expand eWTP Partnership
Alibaba Group and the municipal government of Yiwu, Zhejiang Province in China, have announced plans to develop a Digitized Comprehensive Bonded Zone.
- Associated Press
China moves vast trade fair online, but few buyers follow
Standing in front of shelves laden with colorful backpacks, a saleswoman promoted bags on the Canton Trade Fair’s website without knowing whether anyone was watching as the world’s biggest sales event opened in cyberspace to avoid the coronavirus pandemic. The twice-a-year fair usually draws more than 180,000 foreign buyers and 25,000 Chinese vendors to the southern city of Guangzhou. With most foreign visitors barred from China, the event has transformed itself into an e-commerce platform with mini-shopping channels.
- GlobeNewswire
Iconic Film Director John Landis Joins Arnold Schwarzenegger and Genius Brands International on the Recently Greenlit Children’s Television Series, “Stan Lee’s Superhero Kindergarten”
Series to Premiere in Spring 2021 on KARTOON CHANNEL! Landis also Joins Genius Brands’ Team to Develop a Live-Action Series and Feature Film Spin-off of the Series.
- Zacks
The Zacks Analyst Blog Highlights: Alibaba, Splunk and Sea
The Zacks Analyst Blog Highlights: Alibaba, Splunk and Sea
- TechCrunch
China Roundup: Alibaba to add 5,000 staff to cloud unit
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, we have updates from Alibaba's rapidly growing cloud computing unit, Apple's controversial decision to remove two podcast apps from its Chinese App Store, and more.
