|Bid||0.00 x 1800|
|Ask||0.00 x 1800|
|Day's range||157.42 - 160.55|
|52-week range||129.77 - 207.23|
|Beta (3Y monthly)||1.85|
|PE ratio (TTM)||45.73|
|Earnings date||21 Aug 2019 - 26 Aug 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||216.33|
Alibaba is being heavily linked with a public listing in Hong Kong, whichcould reportedly happen in Q3 and raise up to $20 billion
China's Alibaba Group Holding Ltd on Tuesday said its chief financial officer, Maggie Wu, will move to oversee the firm's strategic acquisitions and investments unit, as part of a business and management reshuffle at the e-commerce giant. Wu will take over from Executive Vice-Chairman Joe Tsai, Alibaba said in a statement on its official WeChat account. Its supermarket division, Freshippo, will become a standalone business, and enterprise software unit DingTalk will be merged into the firm's cloud unit, Alibaba said in the statement.
Maggie Wu, chief financial officer, will now oversee strategic investments, a key area for the group which has its roots in ecommerce, but also boasts a portfolio of more than 100 investments. As part of the restructuring Freshippo, the fresh groceries business known as Hema in Chinese, will be hived off into a stand-alone business. Freshippo is a marquee business for Alibaba and the apogee of its new retail model, which fuses online orders and delivery with bricks and mortar stores.
The stock split aims to “increase flexibility in the company’s capital raising activities” and is seen as another hint that a Hong Kong listing is likely to happen later this year.
Alibaba (BABA) has announced a one-to-eight stock split. The company is reportedly planning a Hong Kong listing that could raise almost $20 billion for the Chinese e-commerce giant. The company is slated to propose the stock split to shareholders at its upcoming annual general meeting.
Under Alibaba's proposal, one share would be split into eight with the number of shares available for investors increasing from 4 billion to 32 billion.
China's Alibaba Group Holding has proposed a one-to-eight stock split ahead of a listing in Hong Kong later this year that is expected to raise up to $20 billion. The split, to be presented to shareholders for a vote at an annual general meeting in Hong Kong on July 15, will increase flexibility in the firm's capital raising activities, including the issuance of new shares, the e-commerce giant said. Alibaba has filed confidentially for a Hong Kong listing, a person familiar with the matter told Reuters earlier this month.
Alibaba is proposing a one-for-eight stock split ahead of its proposed Hong Kong secondary listing later this year, according to a filing to the Securities and Exchange Commission. in Hong Kong, ostensibly in a bid to improve liquidity.
On June 14, China released several economic data points. While the country's industrial production and fixed asset investment data were below expectations, its May retail sales were better than expected. The data showed China’s May retail sales rising 8.6%.
Chinese e-commerce giant Alibaba (BABA) has filed paperwork confidentially for its Hong Kong listing, according to a report by Bloomberg. The company’s listing in Hong Kong would be its second after it raised a record $25 billion through its New York listing in 2014.
Shares in firms linked to Chinese online retail titan Alibaba were mixed Friday, a day after rallying on a report it had filed for a Hong Kong listing that could be the city's biggest initial public offering for almost a decade. A share sale in the city by the firm would mark a success for Beijing, which is seeking to encourage its tech titans to list closer to home, having been stung by IPOs in New York by homegrown firms including Alibaba and search engine giant Baidu. Alibaba made the filing this week without the need for financial disclosures, according to Bloomberg News, which added that it had chosen China International Capital Corp. and Credit Suisse Group AG as its lead banks.
U.S. stocks rose Thursday as investors mostly shrugged off a spate of geopolitical concerns. Meanwhile, oil prices reversed steep declines earlier this week amid reports of a suspected attack on tankers in the Gulf of Oman.
Chinese e-commerce giant Alibaba Group Holding (has filed confidential paperwork for a listing on Hong Kong’s stock exchange to raise as much as $20 billion, according to news reports Thursday.
China's biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion (15.79 billion pounds) as early as the third quarter of this year, a person with direct knowledge of the matter said. A deal of that size would be the biggest follow-on share sale globally in seven years and give Alibaba funds for technology investment - a priority for China as economic growth slows and a trade spat with the United States intensifies. Alibaba holds the record for the world's largest initial public offering with its $25 billion float in New York five years ago.
Microsoft, IBM, and Alibaba: Competition in Cloud Market Heats Up(Continued from Prior Part)Alibaba expanding its international cloud footprintAlibaba (BABA) has taken over the Chinese cloud computing market, according to Synergy Research data, and
Asian Markets Turn Bearish as China Says It's Not Afraid to FightTrade war here to stay?Yesterday, Asian markets largely shrugged off Trump’s comments about imposing fresh tariffs if he and Xi Xingping don’t meet in China. Markets in fact rose
An investor survey showed that slightly fewer investors are bullish on the stock, but UBS analyst Jerry Liu believes it still offers an “attractive” long-term risk-reward.
Alibaba (BABA), JD.com (JD), Baidu (BIDU), and NetEase (NTES) all opened Tuesday up over 2%, with Baidu jumping the most, over 4%.
JCPenney, Intel, Alibaba, Amazon and Honda are the companies to watch.
Alibaba looks set to pull off another coup. Hong Kong stock exchange miffed and Beijing chafing at its best and brightest going west. With the ever broadening tech war rippling out to the capital markets, Alibaba — with a market capitalisation of $416bn — is reminding Washington that greater China is perfectly capable of providing financing too.
China's Alibaba Group Holding Ltd on Tuesday said its voice-controlled assistant will feature in local vehicles from Audi AG, Renault SA and Honda Motor Co Ltd, as the tech giant expands in artificial intelligence. The Tmall Genie Auto smart speaker will allow drivers to use voice commands to, for instance, place orders on Alibaba's online retail platform and buy movie tickets, Alibaba said at the CES Asia 2019 technology trade show in Shanghai. In the near future, the speaker will also allow drivers to monitor and control smart devices at houses equipped with a Tmall Genie-compatible device, Alibaba said in a joint statement with the three automakers, without specifying vehicle models.
Alibaba A.I. Labs, an AI research division of Alibaba Group, today announced at CES Asia partnerships with auto brands, including Audi, Renault and Honda to drive a smart mobility initiative in China. Tmall Genie Auto, an Artificial Intelligence solution developed by Alibaba A.I. Labs, will be integrated into the automakers’ specific internet cars in China.
Chinese internet giant Alibaba Group Holding Ltd. has picked China International Capital Corp. and Credit Suisse Group AG to lead a planned Hong Kong share sale, people familiar with the matter said.