|Bid||169.32 x 900|
|Ask||169.95 x 1000|
|Day's Range||168.49 - 172.29|
|52 Week Range||129.77 - 211.70|
|Beta (3Y Monthly)||1.66|
|PE Ratio (TTM)||48.49|
|Earnings Date||May 2, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||208.54|
Fintech is transforming the financial industry from the inside out, and there will be lots of winners and losers. Before you invest, know these basic guidelines to this growing industry.
It’s going to have a hard time retaliating, though, and not only because it doesn’t import enough goods to match the U.S. president tariff-for-tariff. One obvious target would be the $58.9 billion in services the U.S. exports to China. These include everything from Hollywood blockbusters to tourism and education. China has some experience with this.
When it comes to building a business from scratch, every entrepreneur is bound to face some form of rejection along the way. "As an entrepreneur, you have got to get used to being challenged. Having to get used to being said 'no' to by the other people, by the investors, by your customers, by people," said Jack Ma, executive chairman of Alibaba Group on Thursday.
Consumer bodies from Belgium, France, Italy, the Netherlands, Portugal and Spain on Friday urged their national consumer protection agencies to act against Alibaba's online shopping portal for allegedly setting unfair terms for EU users. The complaints against Chinese e-commerce giant Alibaba's AliExpress echoed a similar grievance by the Luxembourg consumer body to its national authority earlier this year which wants the issue to be tackled on a European level. The consumer groups want online shopping portal AliExpress, which sells goods from Chinese retailers and competes with U.S. online retailer Amazon, to comply with EU laws protecting consumers.
Consumer groups, including from France, Spain, Italy and the Netherlands, filed complaints with national regulators to probe “unclear” and “problematic contract terms and practices” for AliExpress users in the EU. The “most serious problem” for the consumer groups are the terms for dispute settlements between sellers and consumers. BEUC, which represents the national consumer groups, said Alibaba is violating EU laws by imposing terms on users that would force them to go to a Hong Kong arbitration court in case disputes can’t be settled amicably.
Alibaba Cloud, the cloud computing and data intelligence arm of Alibaba Group, today announced that an additional nine partners have joined its EMEA Ecosystem Partner Program. Introduced last year, the program was developed to strengthen the collaboration between Alibaba Cloud’s customers and partners in Europe, Middle East and Africa. Alibaba Cloud has also furthered its commitment in nurturing young talents in cloud computing and big data by partnering with French local universities.
Latest earnings report hints that the tech giant should spin off its fragmented and unprofitable digital-media platforms.
Alibaba Group and Tencent Holdings Limited released earnings on the same day this week. Here's who came out on top.
Alibaba Group Holding's (BABA) fiscal fourth-quarter 2019 earnings are driven by steady improvement in core commerce and cloud businesses, along with strong growth in metrics.
Alibaba co-founder Jack Ma says he's worried about Europe because it's tightening regulations that restrict companies' ability to innovate. Europe has been viewed as leading the way when it comes to regulating large tech companies. The European Union for instance last year introduced stringent new data laws aimed at ensuring consumers' right to privacy.
Trade War Intensifies, Huawei In Crosshairs Continuing to employ the excuse of national security, US President Donald Trump has upped the ante on his personal trade war with China by practically banning Chinese telecom carrier Huawei from doing business in the US. The Commerce Department will add Huawei to its “entity list” where it judiciously […]The post Market Morning: Huawei Heckled, Alibaba Winning, Aurora On US Market appeared first on Market Exclusive.
Alibaba Group has acquired about RMB 4.36 billion ($635 million) worth of convertible bonds in Red Star Macalline, one of China’s biggest furniture retailers. If converted, this would give Alibaba about a 10 percent stake in the company. It also purchased 3.7 percent of Red Star Macalline’s publicly traded shares on the Hong Kong stock exchange, according to a disclosure.
As Chinese tech juggernauts Alibaba and Tencent navigate a challenging business environment, one analyst says the former is the better stock to own now.
Alibaba may be the "better stock" to own compared to fellow Chinese tech giant Tencent, according to analyst Leo Sun. As Chinese tech juggernauts Alibaba BABA and Tencent 700-HK navigate the challenging test of rising tensions between Beijing and Washington, one analyst says the former is the better stock to own. "Right now, I think Alibaba will probably be the better stock because it has much better growth than Tencent," Leo Sun, technology and consumer goods specialist at The Motley Fool, told CNBC's "Street Signs" on Thursday.
Chinese internet giants like Alibaba and Tencent are unlikely to be targeted in the same manner as telecommunications giant Huawei amid escalating trade tensions between Beijing and Washington, according to Gil Luria, director of research at D.A. Davidson. China internet giants like Alibaba BABA and Tencent 700-HK are unlikely to be targeted in the same manner as telecommunications giant Huawei amid escalating trade tensions between Beijing and Washington, an analyst told CNBC on Thursday.
Chinese e-commerce giant Alibaba Group Holding Ltd beat fourth-quarter revenue forecasts on Wednesday, thanks to growth in its core business and its diversification into cloud computing and other services. Alibaba has invested in new business lines such as cloud computing as a boom in its core e-commerce has peaked and its top line growth is slowing. It reported a 51% increase in group revenue for January-March from a year earlier to 93.50 billion yuan (10.58 billion pounds), beating estimates of 91.58 billion yuan, according to IBES data from Refinitiv.
Revenue climbed to 93.5 billion yuan ($13.6 billion) in the three months ended in March, about 1.8% above estimates as adjusted earnings-per-share of 8.57 yuan topped projections for 6.5 yuan. Alibaba expects sales in the current year to jump at least 33% to more than 500 billion yuan.
Sometimes a stock hits resistance at a buy point and quickly gets turned away. But if that stock holds tight and doesn't trigger a sell signal, a new buying opportunity may emerge. That's what we're seeing for Chinese internet giant Alibaba.
May.16 -- Alibaba Group Holding Ltd. posted sales and earnings that topped estimates, while Tencent Holdings Ltd. reported the slowest pace of sales growth since it went public in 2004. Stephen Engle reports on "Bloomberg Daybreak: Australia."