|Bid||0.00 x 1300|
|Ask||0.00 x 1000|
|Day's Range||150.89 - 157.40|
|52 Week Range||130.06 - 211.70|
|Beta (3Y Monthly)||1.74|
|PE Ratio (TTM)||46.40|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||203.78|
A new dispatch from our 'QR Codes Are Very Much Alive In Asia' reporting program: Hong Kong's subway system will soon allow its commuters to pay by scanning QR codes thanks to a deal with Alibaba that was announced this week. The partnership -- which is with Alibaba's Ant Financial affiliate -- will see scan-to-pay enabled at 91 MTR metro stations starting in mid-2020. Commuters will simply use Ant's Alipay app to scan a code at the turnstile and then go on with their trip as usual.
The arms race to build the future of grocery stores is heating up in China. To no one's surprise, the main contestants are the country's ecommerce titans Alibaba and JD.com, which are turning offline for growth. Online retail has flourished in China, but it still accounts for less than 20 percent of the nation's overall consumption, according to the Ministry of Commerce.
Chinese electric car maker NIO (NIO), popularly known as China’s Tesla (TSLA) killer, has been breaking the rules of market gravity. Meanwhile, companies (XLY) such as General Motors (GM) and Ford Motor Company (F) have fallen 3.7% and 0.1%, respectively, in November so far. NIO’s direct US peer Tesla has inched up 2.0% this month.
According to Reuters, citing unnamed US government sources, “China has delivered a written response to U.S. demands for wide-ranging trade reforms.” Notably, the US-China trade talks were on a virtual hold for a few months before mid-term elections. Earlier this month, President Trump and President Xi Jinping had a phone call. As we note in the previous part, the trade war seems to be taking a toll on consumer and business sentiments in China (FXI).
Alibaba (BABA) recently delivered strong sales during the world’s biggest shopping day festival called “Singles’ Day,” which is held on November 11. Alibaba’s annual event racked up $30.8 billion in gross merchandise volume in 24 hours, the largest-ever Singles’ Day sales to date. Alibaba’s Singles’ Day sales were also 27% higher than the year-ago period.
Alibaba stock (BABA) has declined 10.8% since October 1, 2018, and was also down 14.8% on a YTD basis as of November 13 amid tensions related to the trade war. Alibaba stock was also pressured after chair and founder Jack Ma announced in September that he is stepping down from the company.
As of November 13, Facebook (FB) yielded a return of 0.43% on a volume of 15.04 million to close at $142.16. Facebook generated investor returns of -7.4% in the trailing-one-month period and -20.5% in the trailing-12-month period. The company’s stock price lost 5.2% in the trailing-five-day period.
Facebook (FB) has launched its online car listing service, Marketplace Autos, in Australia, according to the Sydney Morning Herald. The launch comes after Facebook determined that a lot of Australians use its social network to search for cars. Facebook’s Australian car listings service will initially focus on used cars, showing a strategic move by the company into Australia’s auto classified market.