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Alibaba Group Holding Limited latest news:
Alibaba's $25 Billion Sales Day Shows Its Best Days Are Yet to Come
Alibaba is on fire.
BRIEF-Enjoyor signs framework agreement with Alibaba Cloud
Enjoyor Co Ltd. * Says it signs framework agreement with Alibaba Cloud. Source text in Chinese: http://bit.ly/2ALLXFg. Further company coverage:
Alibaba, China's E-Commerce Giant, Made More Than $25 Billion On Single's Day
The Chinese company Alibaba just celebrated Single's Day, a sale that this year racked in more than $25 billion. That dwarfs Black Friday and Cyber Monday sales in the United States.
China's 24-hour online shopping binge tops $1.5 billion in first three minutes
SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba said sales topped 10 billion yuan ($1.51 billion) in just over three minutes from the opening of Singles' Day, an annual online discount sales gala that has become the world's biggest shopping spree.
Alibaba's stock rallies toward record close after analyst boosts price target
Shares of Alibaba Group Holding Ltd. ran up 2.3% in morning trade Monday, on track for a record close, after Oppenheimer raised its price target on the back of "another strong quarter." Last Thursday, the stock had hit an all-time intraday high of $191.22 after earnings and profit beat expectations, but the stock turned lower to close 0.7% below its Nov. 1 record close of $186.08, amid margin concerns. Oppenheimer analyst Jason Helfstein raised his stock price target to $220 from $200, as Alibaba's results have made him more bullish on valuations for the company's AliCloud and Ant Financial businesses, which offsets any concerns over lower retail margins. He reiterated the outperform rating he's had on the stock since he started covering it three years ago. "Overall, we believe [Alibaba] is uniquely positioned to benefit from the rise of Chinese middle-class consumption," Helfstein wrote in a note to clients. The stock has more than doubled year to date, while U.S.-based rival Amazon.com Inc. shares have rallied 50% and the S&P 500 has gained 16%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Alibaba revenues surge 61% on online shopping
The Chinese e-commerce giant is expanding into bricks-and-mortar stores to fuel growth.
BRIEF-Shiji Information Technology signs framework agreement with Alibaba Investment
Nov 2 (Reuters) - Beijing Shiji Information Technology Co
BRIEF-Magic leap announces $502 million in series D funding
Magic Leap: * Magic Leap announces $502 million in series D funding. * Augmented reality company Magic Leap says series D equity funding led by Temasek and with participation from strategic and financial investors. * Says existing investors participating in financing include Alibaba Group (BABA), Google Llc, J.P. Morgan Investment Management, among others Source text:
BRIEF-Alibaba Health Information Technology enters supply framework agreement with Alibaba Singapore
Alibaba Health Information Technology Ltd(ALBHF). * On Oct 15, co entered into supply framework agreement with Alibaba Singapore. * shall procure group to supply to Alibaba (BABA) group various products including but not limited to health products. * Total value of products to be supplied to Alibaba Group (BABA) shall be not more than HK$10 mln Source text for Eikon: Further company coverage:
JD.com shares are a better deal than Alibaba's: Barron's
NEW YORK (Reuters) - Shares of China's No.2 e-commerce firm JD.com are a better deal for investors than Alibaba Group's stock and could rise 30 percent or more over the next year, Barron's said on Sunday.
JD.com shares are a better deal than Alibaba's -Barron's
Shares of China's No.2 e-commerce firm JD.com (JD) are a better deal for investors than Alibaba Group's (BABA) stock and could rise 30 percent or more over the next year, Barron's said on Sunday.
BRIEF-Alibaba Group says to invest over $15 bln in R&D over next 3 years
* Alibaba group holding - announced launch of global
research program, alibaba damo academy, designed to increase
technological collaboration worldwide
BRIEF-JC Finance & Tax Finance's unit signs cooperation agreement with company under Alibaba
JC Finance & Tax Finance Interconnect Holdings Ltd. * Says its unit signs cooperation agreement with company under Alibaba (BABA). Source text in Chinese: http://bit.ly/2z7Jrc8. Further company coverage:
Alibaba denies Tsai in deal talks with NBA's Brooklyn Nets
(Reuters) - Chinese internet conglomerate Alibaba Group Holding Ltd denied on Thursday that its vice chairman, Joseph Tsai, is in advanced talks to buy a stake in the Brooklyn Nets of the National Basketball Association.
BRIEF-Alibaba Pictures Group says unit entered deal to sell part stake in Wormhole SG
* Unit entered deal with UCWeb SG, a unit of AGH & unit of
Alibaba-backed logistics firm Best slashes proposed US IPO-IFR
HONG KONG, Sept 19 (Reuters) - Best Inc, a Chinese logistics
company backed by Alibaba Group, slashed its proposed
U.S. initial public offering after receiving tepid response from
investors to its initial valuation, IFR reported on Tuesday,
citing people close to the deal.
Chinese micro-lender Qudian files for U.S. initial public offering
Qudian Inc. has filed for its U.S. initial public offering Monday, according to Securities and Exchange Commission documents. The documents say the micro-lending company will list stock on the New York Stock Exchange via American Depository Shares under the symbol "QD." The Chinese company offers small loans that average between $134 and $184 and is targeting young, mobile-active customers who desire access to credit for discretionary spending, much of which is tied to electronics purchasing, the filing said. For the first two quarters of 2017 Qudian logged net income of $143 million on revenue of $270 million and last year the company booked net income of $85 million on sales of $212 million. In the first half of 2017 the company said that it facilitated $5.6 billion in transactions to seven million active borrowers. The company operates exclusively online and disburses the funds to the vast majority of customers via Alibaba Group Holding Ltd.'s Alipay technology.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Jack Ma does Michael Jackson dance
The Alibaba chief executive Jack Ma has performed a dance routine to 40,000 employees at the firm's annual party.
Chinese logistics firm Best, backed by Alibaba, launches $932 mln U.S. IPO
HONG KONG, Sept 7 (Reuters) - Best Inc, a Chinese logistics
company backed by Alibaba Group, has launched an up to
$932 million initial public offering, seeking funds to expand
its logistics and supply chain network, develop new technology
and open more of its convenience stores.
Mexico signs e-commerce deal with China's Alibaba Group
Mexico's government said on Wednesday it has inked a deal with Alibaba Group Holding Ltd (BABA), to get Mexican products and services, especially from small- and medium-sized firms, onto the top Chinese e-commerce firm's platform.
BRIEF-Alibaba, Lawson to sell Chinese tourists tickets for Japan sites- Nikkei
Nikkei : * Alibaba (BABA), Lawson to sell in China tickets for Japanese museums, other facilities; Lawson's unit to join Alibaba's (BABA) travel booking site, Fliggy - Nikkei Source text : Further company coverage:
Using your face to buy your lunch
China's Alibaba unveils the first facial recognition system to pay for shopping - at a fast food restaurant.
CapitaLand to manage Alibaba's Shanghai HQ, launch mall on Lazada
Real estate developer CapitaLand Ltd on Wednesday said it had signed agreements to manage e-commerce giant Alibaba Group Holding Ltd's Shanghai headquarters and to launch an online mall on Lazada Singapore's platform. The deals by CapitaLand, among Asia's largest shopping mall landlords, highlight how companies are trying to link online content with offline services.
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