|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's range||248.10 - 252.00|
|52-week range||169.95 - 319.32|
|Beta (5Y monthly)||0.90|
|PE ratio (TTM)||26.89|
|Earnings date||20 May 2021 - 24 May 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||326.63|
Online luxury platform Farfetch (NYSE: FTCH) is expected to see the number of active shoppers on its site soar to at least 30 million in the next five years as its partnership with Alibaba (NYSE: BABA) and Richemont (OTC: CFRUY) brings in incremental new demand from Chinese consumers. Last November, Alibaba and Richemont committed to investing over $1.1 billion in the luxury goods marketplace with the three companies forming a joint venture called Farfetch China. In a research note to investors, Credit Suisse (NYSE: CS) analyst Stephen Ju wrote that Farfetch is likely to turn in strong fourth-quarter earnings numbers when it reports on Thursday.
Baidu (NASDAQ: BIDU), the Chinese tech giant that owns the country's largest online search engine, launched its online video platform iQiyi (NASDAQ: IQ) in 2010. Baidu spun off iQiyi in an IPO in 2018 but retained a majority stake in the company, which still generated 28% of its total revenue in fiscal 2020. In the past, that relationship was beneficial because iQiyi's stronger revenue growth offset the ongoing declines in Baidu's core advertising business.
Open sesame: Alibaba's push into Europe a mixed blessing for Liège . Apart from the pollution, there are concerns the Chinese firm’s new airport hub may not revive the fortunes of the Belgian region