216.01 -0.20 (-0.09%)
After hours: 6:28PM EDT
|Bid||215.60 x 800|
|Ask||216.70 x 800|
|Day's Range||213.67 - 218.36|
|52 Week Range||207.74 - 284.22|
|PE Ratio (TTM)||21.41|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||292.06|
Aug.07 -- Adam Segal, director of the Digital and Cyberspace Policy Program at the Council on Foreign Relations, and Bloomberg's Selina Wang discuss what people in China think about not having access to Facebook and Google. They speak with Bloomberg's Emily Chang on "Bloomberg Technology."
MARKET PULSE Hedge-fund giant Bridgewater Associates, with about $160 billion under management, has added 84,629 shares of Alibaba Group Holding Ltd. (baba) worth some $15.7 million, to its holdings, according to a regulatory filing on Tuesday.
Nio, the Tesla Inc. ( TSLA) competitor from China is all set to go for a public listing on American markets, according to CNBC. The Chinese startup, which is developing premium-level electric cars, seeks to raise $1.8 billion in an initial public offering (IPO) by listing its American depository shares (ADS) for trading on the New York Stock Exchange (NYSE). Nio has recently made the first few deliveries of its ES8 electric vehicle (EV).
The digital payment industry has continued to attract more players, resulting in more competition, particularly for market leaders like PayPal (PYPL). PayPal’s confidence is based on the belief that the company has built a powerful two-sided network, which means reaching consumers and merchants at the same time. PayPal ended the second quarter with 244 million active customers globally, and about 20 million of them were merchants, according to the company’s chief financial officer, John Rainey.
Alibaba’s (BABA) finance affiliate, Ant Financial, has ambitious goals that could require deep pockets to bankroll. Its goal to shift its main focus to technology services and away from payments and consumer finance could require Ant to increase its research and development investments and opportunistic acquisitions to acquire technologies it may not want to build from scratch. Ant aims to reach 2.0 billion consumers globally with its Alipay payment service in future years, which could require launching Alipay in more countries.
Alibaba (BABA) is beginning to show why it decided to pay billions of dollars to take full ownership of Ele.me, as Alibaba has negotiated a huge delivery contract for the food delivery service company. Starbucks (SBUX) has signed Ele.me to deliver coffee to customers in China, according to a July 30 Wall Street Journal report. Starbucks is China’s leading coffee retailer, controlling more than 80.0% of the country’s premium coffee market at the end of 2017, according to Euromonitor estimates.
Ant Financial may look quite different in the next few years. The Alibaba (BABA) finance affiliate is shifting its main focus away from payments and consumer finance to cope with growing regulatory pressure on its core businesses, according to Reuters. The shift could see Ant’s main focus becoming technology services.
The hottest Chinese stock on the U.S. market today is a video streamer called IQIYI (NASDAQ:IQ). IQIYI is not a new company. It is controlled by Baidu (NASDAQ:BIDU), a search engine sometimes called the “Google of China” and, sometimes, the “Netflix of China”.
Namaste is a $300 million company that is dual-listed on the Toronto Stock Exchange and the OTC market in the United States. Your everything cannabis store — that’s what NXTTF considers itself. In March, NXTTF officially received its medical cannabis production license from Health Canada to become a licensed producer through its wholly owned subsidiary CannMart.
The trade war playing out between the US and China may have narrowed JD.com’s (JD) import options, but it hasn’t shut the company out of its opportunities. JD has devised ways to cope in an era where the United States and China have targeted each other with trade restrictions, which have been rolling out in the form of tariffs on imports.
JD.com’s (JD) financial services subsidiary, JD Finance, is raising nearly $2.0 billion at a valuation of ~$20.0 billion in a funding round. This funding round is expected to be completed by the end of September. JD Finance’s fundraising comes shortly after its rival Ant Financial did the same. Ant Financial, an affiliate of Alibaba (BABA) and the name behind the Alipay service, raised $14.0 billion in June at a valuation of more than $151.0 billion.
Alibaba (BABA) has enlisted as a cornerstone in China Tower through its Taobao unit, according to Reuters. Some ten companies have lined up as cornerstone investors in China Tower’s IPO, investing a total of $1.4 billion in China Tower for a 16% stake.
Profits at the "Google of China" rose 45%, but its shares slumped on news that the actual Google might be returning to that nation’s internet.
Both tech giants served up superb quarterly reports, but the "Google of China" may face surprising new competition.
DuerOS install base is growing rapidly on smart IoT devices and smartphones, as AI-powered virtual assistants turn mainstream in China. DuerOS is forming extensive partnerships with device makers, chip ...
Investors may be worried about the impact Alphabet Inc.’s ( GOOGL) Google’s return to online search in China will have on Baidu Inc. ( BIDU) but company CEO Robin Li isn’t that concerned. In a posting on his official WeChat messaging account, which was seen by Bloomberg, Li said Baidu plans to fight Google if it enters the market so that it will “win again” in Internet search. “In 2010, when Google withdrew from China, its market share was declining and Baidu’s market share had exceeded 70%.” (See also: Baidu vs. Google: How Are They Different?
is ready for battle for the world's biggest internet market. "If Google decides to return to China, we will fight and beat them again," Baidu founder Robin Li declared on popular Chinese social media platform WeChat. This is especially true for Google, which only has a 1.69% market share since its retreat from the Chinese mainland market in 2010.
Alibaba (BABA), gearing up to report its fiscal Q1 2019 (ended in June) results on August 23, has committed to spend ~$440 million to promote its food delivery subsidiary, Ele.me, this summer. Its goal is to help Ele.me capture more than 50% of China’s online food delivery market, and the funds are to be spent on subsidies and marketing campaigns. Alibaba spent $1.2 billion on marketing activities overall in fiscal Q4 2018. Alibaba took full ownership of Ele.me recently after buying out other investors in the delivery company.
China's state-backed People's Daily newspaper said Google is "welcome to return to the mainland, but it's a prerequisite that it must comply with the requirements of the law."
Baidu Inc is prepared to win against Alphabet Inc's Google in China, its chief executive officer said on social media, amid rumblings the U.S. search engine giant was planning to re-enter a market it left eight years ago. Google's search engine has been largely blocked in China since 2010, when the company exited the market over ethical concerns related to China's strict censorship laws.
Baidu Inc (BIDU.O) is prepared to win against Alphabet Inc's (GOOGL.O) Google in China, its chief executive officer said on social media, amid rumblings the U.S. search engine giant was planning to re-enter a market it left eight years ago. Google's search engine has been largely blocked in China since 2010, when the company exited the market over ethical concerns related to China's strict censorship laws.