188.29 +0.93 (0.50%)
Pre-Market: 6:17AM EDT
|Bid||189.10 x 800|
|Ask||189.30 x 900|
|Day's Range||186.87 - 189.68|
|52 Week Range||147.50 - 211.70|
|PE Ratio (TTM)||50.29|
|Earnings Date||Aug 15, 2018 - Aug 20, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||251.70|
China's Suning Sports, the owner of Italian soccer giants Inter Milan, said it has raised $600 million (461 million pounds) in a series A funding from firms including Alibaba Group Holding Ltd (BABA.N) and Goldman Sachs (GS.N). The sports arm of Chinese retail giant Suning Holdings Group told Reuters on Friday that the funding round did not include Inter Milan and two other local football teams that it owns. Local media Lanxiong reported earlier that this round of fundraising values Suning Sports at $2.6 billion.
China's Suning Sports, the owner of Italian soccer giants Inter Milan, said it has raised $600 million in a series A funding from firms including Alibaba Group Holding Ltd and Goldman Sachs. The sports ...
Struggling old-school tech giant IBM (NYSE:IBM) reported second-quarter revenues and earnings above expectations, and now IBM stock is rallying in response to those numbers. Heading into the report, IBM stock was trading just above its 52-week low, so this rally provides some much needed relief for the bulls. Could this be the beginning of the big turnaround in IBM stock that bulls have been waiting for?
Much like the protection Baidu (NASDAQ:BIDU) enjoys from Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) or that Alibaba (NYSE:BABA) or JD.Com (NASDAQ:JD) have from the Amazon (NASDAQ:AMZN) threat, IQ stock benefits from not having to compete against Netflix (NASDAQ:NFLX). While I do not think a trade war poses a problem for IQ stock, the financials of this company should give investors pause. Investors can easily understand the appeal of IQ.
HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) on Wednesday said it has agreed to acquire a minority stake in China's Focus Media Information Technology Co Ltd to tap ...
Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) on Wednesday said it has agreed to acquire a minority stake in China's Focus Media Information Technology Co Ltd to tap into the digital marketing sector. Alibaba will acquire about 6.62 percent in Focus Media for 9.63 billion yuan ($1.43 billion) and possibly another 5.0 percent stake in the next 12 months, it said in a statement. The e-commerce firm would also invest $511.1 million in an entity controlled by Focus Media's chairman Jason Jiang, by subscribing to newly issued shares, it said.
Paypal (NASDAQ:PYPL) has done well this quarter, with PYPL stock up 19% since it last reported its earnings on Apr. 25. PayPal split from eBay (NASDAQ:EBAY) in 2015. In January, eBay announced that it would be ending its relationship with PayPal, with Adyen, an Amsterdam-based payments startup, becoming its primary payment provider in 2020.
When Gary Greenberg graduated from business school in 1985, he had idealistic views about how investors could help open doors for progress in developing markets and beyond. “The only issue was finding anyone who would actually pay me to do that,” says Greenberg, who is 65. It would take 25 years, but in 2010 Greenberg finally landed his dream job at Hermes Investment Management in London.
In the previous part of this series, we saw that fund managers have turned more positive on equities in the United States. According to a BAML (Bank of America Merrill Lynch) survey in July, FAANG plus BAT was identified as the most crowded trade for the sixth consecutive month, cited by 53% of respondents. BAML also said that this was the most crowded trade since the long US dollar in 2015.
Chinese e-commerce giant Alibaba Group Holding Ltd on Wednesday said it has agreed to acquire a minority stake in China's Focus Media Information Technology Co Ltd to tap into the digital marketing sector. ...
IBM’s (IBM) ranking among cloud vendors is sliding, and it turns out Alibaba (BABA) and Alphabet’s (GOOGL) Google may have played a role in its repositioning. In its new report on cloud vendors, Synergy Research indicates that Alibaba has ousted IBM to become the world’s fourth-largest cloud company by market share.
(Adds bullet points) July 18 (Reuters) - Focus Media Information Technology Co Ltd: * SAYS SHAREHOLDERS SIGN AGREEMENT TO SELL 774.4 MILLION SHARES, OR 5.28 PERCENT STAKE IN THE COMPANY, TO ALIBABA FOR ...
July 18 (Reuters) - Zhongxin Information Development Inc Ltd Shanghai: * SAYS IT SIGNS FRAMEWORK AGREEMENT WITH ALIBABA ON ARTIFICIAL INTELLIGENCE RELATED COOPERATION Source text in Chinese: https://bit.ly/2L49zOF ...
In mid-June, Alibaba (NYSE:BABA) was making new all-time highs above $210 as investors were focused on the company’s hyper-growth prospects through the booming Southeast Asian consumer markets. Instead, they focused on what tariffs could mean for BABA stock. As a result, BABA stock dropped.
The Zacks Analyst Blog Highlights: Amazon, Alibaba, Walmart, Berkshire Hathaway and JPMorgan Chase
Henry Xia jumps into the burnt toast-colored electric car he helped build as co-founder of Xpeng Motors Technology Ltd. and commands it to play Green Day’s “21 Guns.” He asks the car about traffic conditions and starts driving. What the four-year-old startup has is backing from tech giants Alibaba Group Holding Ltd., Foxconn Technology Group and Xiaomi Corp. founder Lei Jun. Xpeng expects to raise more than $600 million this month from investors that include Alibaba, valuing it close to $4 billion, according to a person familiar with the fundraising.
ProShares added on to its suite of e-commerce-related ETFs with a new strategy that invests only in retailers principally selling online or through other non-store channels. On Monday, ProShares rolled ...
Chinese online group discounter Pinduoduo is planning to raise up to $1.63 billion from a U.S. listing, its latest filing with the U.S. Securities and Exchange showed, in what will be one of the biggest U.S. float by Chinese firms in four years. Pinduoduo, owned by Walnut Street Group, plans to sell about 85.6 million American Depositary Shares in its initial public offering (IPO) at a price range of $16 to $19 each, according to its filing, which was uploaded to the exchange website on Monday. The company, backed by Chinese internet giant Tencent Holdings, will open the book to institutional investors on Tuesday and price its IPO next Wednesday, said two people close to the transaction.