BIDU - Baidu, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
120.55
+1.15 (+0.96%)
At close: 4:00PM EDT

120.55 0.00 (0.00%)
After hours: 7:27PM EDT

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  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close119.40
Open120.29
Bid119.01 x 900
Ask120.99 x 800
Day's Range119.05 - 121.29
52 Week Range82.00 - 147.38
Volume1,894,421
Avg. Volume4,217,088
Market Cap41.549B
Beta (5Y Monthly)1.45
PE Ratio (TTM)9.39
EPS (TTM)12.83
Earnings DateAug 17, 2020 - Aug 21, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est144.01
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Bloomberg

    Trump’s TikTok Assault Opens New Front in Tech War With China

    (Bloomberg) -- By going after TikTok, the U.S. is expanding a fight against Beijing using Chinese-style restrictions on tech companies in a move that could potentially have enormous ramifications for the world’s biggest economies.The Trump administration’s threat to ban ByteDance Ltd.’s viral teen phenom and other Chinese-owned apps could significantly hamper their access global user data, which is an immensely valuable resource in a modern internet economy. Any U.S. decision, which Secretary of State Michael Pompeo said would come “shortly,” is likely to be followed by a similar pressure campaign that prompted some allies to ban Huawei Technologies Co. from 5G networks.Even if TikTok’s American operations are bought by Microsoft Corp., the episode is the culmination of a bifurcation of the internet that began when China walled off its own online sphere years ago, creating an alternate universe where Tencent Holdings Ltd. and Alibaba Group Holding Ltd. stood in for Facebook Inc. and Amazon.com Inc. It is also splitting many in the industry: Some decry the betrayal of values like free speech and capitalism, while others advocate doing whatever it takes to subdue a geopolitical rival and its pivotal tech industry.“This sets a dangerous precedent for the U.S.,” said Samm Sacks, a fellow on cybersecurity policy and China digital economy at the New America think tank. “We are moving down a path of techno-nationalism.”Washington’s moves underscore how quickly the concept of an internet decoupling is becoming a reality even as the world is still figuring out its consequences. India showed the way when it banned dozens of Chinese mobile apps including TikTok and Tencent’s WeChat, while Australia and Japan are reportedly looking at similar options.At issue is who controls the data --- everything from private details like locations and emails to sophisticated mined information such as personal profiles and online behavior. Like India, Washington worries that TikTok could be funneling that trove to Beijing, potentially undermining national security by building databases on its citizens.Worryingly for Beijing, it’s unclear where the U.S. would draw the line given the extent to which data is essential for companies these days. While Washington’s curbs against Huawei may have some grounds in terms of national security, the argument for banning TikTok is “very weak,” according to Yik Chan Chin, who researches global media and communications policy at the Xi’an Jiaotong-Liverpool University in Suzhou, a city near Shanghai.“It’s not a reasonable argument -- it’s like a blanket ban on Chinese companies,” she said. “How can Chinese companies ever do business in America?”Careful What You Wish ForPresident Xi Jinping may have himself to blame. China has long championed cybersovereignty, shutting out services like Twitter, forcing foreign firms to secure local partners and distributors in areas from mobile games to cloud services, or curtailing investment in areas such as online banking. Microsoft Corp.’s Bing and LinkedIn, which both censor content in China, remain the only major search engine and social network allowed to operate in China.“We should respect every country’s own choice of their internet development path and management model, their internet public policy and the right to participate in managing international cyberspace,” Xi told attendees at a high-profile internet conference in 2015. “There should be no cyber-hegemony, no interfering in others’ internal affairs, no engaging, supporting or inciting cyber-activities that would harm the national security of other countries.”Now it’s China that wants the world to embrace its companies and eschew overly broad interpretations of national security. Chinese Foreign Ministry spokesman Wang Wenbin said Monday the Trump administration “has been stretching the concept of national security without any evidence and only based on presumption of guilt,” and called for it to “create an open, fair, just and non-discriminatory environment for businesses of all countries.”China’s past statements on cyber-sovereignty reflected its weakness at the time, and that view has evolved substantially since then, according to Zhao Ruiqi, vice director of School of Marxism at the Communication University of China in Beijing.‘Split The Internet’“Trump’s move is threatening to split the internet, and this is something the world should avoid,” Zhao said. “Countries should sit down and discuss the limits of national security when it comes to internet governance.”While some of Trump’s actions are regarded to be motivated by re-election considerations, others say going after TikTok has deeper significance. Already the world’s most valuable startup with a price tag potentially of $140 billion, ByteDance and its best-known product epitomizes the can-do spirit of a generation of consumer tech companies that may follow Alibaba and Tencent.By hooking hundreds of millions of addicted youngsters from New Delhi to Denver, founder Zhang Yiming’s shown a cohort of entrepreneurs how a Chinese startup can make it to the big time and someday stand shoulder-to-shoulder with America’s largest corporations. Today, it serves some 1.5 billion monthly active users across a family of apps ranging from social media to games and education.“TikTok symbolizes Chinese tech companies’ ability in algorithms, artificial intelligence and the ability to go viral and gain profits within a short period of time,” said Wang Sixin, a professor at the Communication University of China.Now U.S. restrictions would force a contingent of up-and-coming stars in areas from gaming to livestreaming and media to reassess plans to expand globally just as they were starting to gain traction abroad. While TikTok is the first Chinese-made internet service to succeed globally, there are a host of others close behind.Among the most downloaded Chinese apps over the past 12 months in the U.S. are Joyy Inc. platforms Bigo and Likee and Alibaba’s AliExpress shopping app, according to Sensor Tower. TikTok rival Likee, which also stresses it operates from outside China, this year made the U.S. a top priority for its global expansion, with plans to pour more money and people into the region.Launched in May, short video company Kuaishou’s Zynn has topped U.S. app downloads at times. And WeChat -- used by more than a billion people worldwide --- is popular among the Chinese diaspora and U.S. executives with dealings in the world’s No. 2 economy.If the administration decides data is the key determinant, then even some of the world’s most popular games may get ensnared. Tencent’s Call of Duty: Mobile, co-created by Activision Blizzard Inc., PUBG Mobile and its Supercell subsidiary’s Clash Royale are all popular with Americans.What Bloomberg Intelligence says:Rising global threats to ban Chinese mobile apps, out of security concerns and as retaliation due to geopolitical tensions, may severely hinder the overseas growth of China’s internet firms. Joyy, Trip.com, Tencent, Alibaba and NetEase may face the biggest risks given their global ambitions and relatively high use of their services outside China.\- Vey Sern-Ling and Tiffany Tam, analystsClick here for the research.Like other Chinese entrepreneurs, Zhang must now figure out how to sustain ByteDance’s sizzling pace of growth while largely confined to its own home market. Though ByteDance’s first breakout hit was a news app called Toutiao, it was TikTok that attracted hundreds of millions of users around the world. With 165 million installs, the U.S. is the app’s largest market after India, as well as its most lucrative one in terms of user spending, according to Sensor Tower estimates.It’s a stinging retreat for a company that’s tried to offer a haven for the highest-paid artificial intelligence engineers. Zhang fought to remain independent from the country’s tech triumvirate of Baidu Inc., Alibaba and Tencent, making him a rarity in the industry.Now Zhang may find himself on the wrong side of nationalism in both the U.S. and China. With hashtags about TikTok’s U.S. episode trending on China’s largest microblogging platform Weibo, Zhang hid all his posts from the public after users flooded his account with comments slamming his decision to sell.“Zhang Yiming kneeled fast,” one blogger wrote. “Our country didn’t even have the chance to help him.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Big Tech’s Antitrust Hearing: What You Need to Know
    Bloomberg

    Big Tech’s Antitrust Hearing: What You Need to Know

    (Bloomberg) -- The leaders of Alphabet Inc., Apple Inc. Facebook Inc. and Amazon.com Inc. defended themselves in Congress on Wednesday against allegations that their companies have broken antitrust rules and need to be reined in.Unlike previous hearings, most of the politicians came armed with tough, focused questions, backed up by a mountain of subpoenaed documents and other information gathered in a yearlong investigation.The event featured some of the typical beltway grandstanding. But there were also moments when lawmakers forced executives to concede new information, some of which could be used to rewrite aging U.S. competition law for the digital age.“There were a lot of members of the committee who had really engaged with a lot of the competition problems and had turned up some pretty damning information,” said Rebecca Allensworth, a professor at Vanderbilt Law School.Here’s a rundown of the most critical moments:FacebookFacebook Chief Executive Officer Mark Zuckerberg had the toughest time as politicians repeatedly cited internal documents to show how the social network has either copied or simply acquired competitors that threatened to compete.Representative Jerrold Nadler, a Democrat from New York, cited an email between Zuckerberg and then CFO David Ebersman, where Zuckerberg said acquiring an app like Instagram would buy the company time “before anyone can get close to their scale again.”Zuckerberg conceded that he saw Instagram “both as a competitor and as a complement to our services,” but noted that the Federal Trade Commission approved the deal back in 2012. Nadler dismissed that argument, saying the Instagram acquisition was “exactly the type of anticompetitive acquisition that antitrust laws were intended to prevent.”Representative Pramila Jayapal, a Democrat from Washington state, also pressed Zuckerberg on the company’s strategy of copying competitor features. “We’ve certainly adapted features that others have led in,” Zuckerberg said.What about copying a company while simultaneously trying to acquire them? Jayapal asked. When Zuckerberg replied, “not that I recall,” Jayapal reminded him that he was under oath. Zuckerberg once threatened Snap Inc. CEO Evan Spiegel that he would copy his app after Spiegel rejected Facebook’s acquisition attempts.Instagram co-founder Kevin Systrom also feared that Zuckerberg might try to destroy his app if he rejected the CEO’s overtures, documents show. After one of Systrom’s investors told him Zuckerberg was interested in buying Instagram in early 2012, Systrom asked if Zuckerberg “would go into destroy mode if I say no?” The investor, a former Facebook executive, replied “probably.”“It is a violation of the Sherman Act to buy out a direct competitor to eliminate them as a danger and protect a monopoly,” Columbia University professor and antitrust expert Tim Wu wrote on Twitter. The 1890 Sherman Antitrust Act has broad provisions that tech critics like Wu say need to be more aggressively enforced.AmazonThis was the first appearance by Amazon CEO Jeff Bezos at a Congressional hearing. He got almost no questions during the first part of the hearing, but members of the House antitrust subcommittee eventually turned to him and his e-commerce empire.Most of their questions focused on the company’s treatment of small merchants who use Amazon’s online marketplace to reach customers. The committee interviewed frustrated sellers, some of whom characterized their experience with Amazon as one of fear, panic and bullying. One bookseller said Amazon had treated her unfairly, putting in limbo a business that supports 14 people with no recourse for appeal.“I’m surprised by that,” Bezos said. “It’s not the systematic approach that we take, I can assure you.”Committee members also asked Bezos repeatedly about a report in the Wall Street Journal that said Amazon had used data from sellers on its platform to make copycat products, in apparent violation of the company’s own policies. Bezos said he couldn’t guarantee the policy had never been violated.Documents published by the committee on Wednesday also showed that Bezos pushed ahead with an acquisition of video-doorbell maker Ring to grab market share despite security and compliance concerns about the startup.GoogleSundar Pichai, CEO of Alphabet and its main Google unit, got the most questions about perceived anti-conservative bias, and was variously accused of supporting the Chinese military, censoring conservative media and shifting search results to try to sway U.S. elections. But he also got some tough questions on topics that may be at the center of an imminent antitrust lawsuit from the Justice Department.Several times, he struggled to answer questions on advertising technology, where the company has built a dominant position, mostly through acquisitions. Asked about the company’s decision to restrict ad buying on YouTube to companies that used its ad-routing software, Pichai said the tactics are common in the industry.“This is consistent with how many services, like Facebook, Snapchat or Pinterest -- you work with their ad tools to buy advertising on their properties,” he said.In this exchange and others, such as on Google’s work on ad-tracking cookies, Pichai cited concern for user privacy. “You’re trying to use privacy as a shield,” said Representative Kelly Armstrong, a Republican form North Dakota. “But what your company is really doing is using it as a cudgel to beat out the competition.”AppleApple CEO Tim Cook took the least heat, fielding about half a dozen questions that focused on the company’s App Store.Representative Hank Johnson, a Democrat from Georgia, suggested that Apple’s App Store review guidelines are changed on a whim to benefit the company and shut out smaller developers. Cook said Apple treats all developers the same.But the Committee had evidence refuting Cook’s assertion, publishing internal emails showing that in 2016 Apple executive Eddy Cue and Bezos negotiated a lower App Store fee for Amazon’s Prime Video app.In another email from 2014, Cook told an executive from Chinese tech giant Baidu Inc. that he would assign two key contacts -- a pair of marketing executives -- to assist Baidu with app approvals.What now?Federal and state antitrust investigations are proceeding. The House committee that held Wednesday’s hearing is expected to release its final report by early September. That could include recommendations for new or updated legislation.“It was sort of long on problems and short on solutions. Although you know you would expect that at this stage as well,” said Allensworth, the law professor. “It’s the solutions that are the really hard part.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Tencent Could Buy Out Baidu’s Biggest Search Rival
    Motley Fool

    Tencent Could Buy Out Baidu’s Biggest Search Rival

    Shares of Sogou (NYSE: SOGO), China's second-largest online search provider after Baidu (NASDAQ: BIDU), surged over 40% on July 27 after the company received a buyout offer from its top stakeholder, Tencent (OTC: TCEHY).

  • Tencent Offers $2.1 Billion for Chinese Search Giant Sogou
    Bloomberg

    Tencent Offers $2.1 Billion for Chinese Search Giant Sogou

    (Bloomberg) -- Tencent Holdings Ltd. has offered to buy out and take private search engine Sogou Inc. in a $2.1 billion deal, adding to a slew of Chinese technology giants seeking to delist from U.S. bourses.Shares of the social media heavyweight climbed as much as 4.7% Tuesday, buoyed by speculation it will more closely integrate Sogou’s AI technology with its own services and devices to gain an edge on rivals like TikTok-owner ByteDance Ltd.Tencent has in past years come under pressure from ByteDance and other up-and-coming rivals in the emergent short-video arena. Beijing-based Sogou -- whose name translates as “search dog” -- has long been the default in a slew of Tencent products including its marquee social app WeChat. It’s also been making a push into artificial intelligence.A takeover of Sogou also raises the prospect of a lucrative listing in Hong Kong or Shanghai in the future, on the heels of well-received debuts by Alibaba Group Holding Ltd. and JD.com Inc. It’s become an increasingly attractive route for tech giants such as Jack Ma’s Ant Group, which is speeding toward what could be the city’s biggest float in years. Sogou Chief Executive Officer Wang Xiaochuan in 2018 declared his ambition to list on mainland bourses when regulations permit.Chinese internet companies are exploring listings closer to home after a proposed U.S. bill threatened to force them to delist from New York by imposing stricter disclosure requirements -- a prospect that looks increasingly plausible as the Trump administration amps up action against Beijing on multiple fronts. Online gaming company Changyou.com Ltd. got taken private this year by Sohu.com Ltd., and 58.com Inc. is being bought out by a private equity consortium for $8.7 billion.The “market has been anticipating more companies to pursue secondary listing in Hong Kong,” Jefferies analysts led by Thomas Chong wrote. “We consider there will be more synergies between Sogou and Tencent in search and smart devices in the future.”What Blomberg Intelligence SaysTencent’s return to the search engine business may pose a challenge to China leader Baidu, and help fend off competition from potential market entrants ByteDance and Alibaba. Tencent sold search engine Soso to Sogou in 2013. Its bid to buy the 61% of Sogou it doesn’t yet own at $9 per ADS will cost more than $2 billion.\- Vey-Sern Ling and Tiffany Tam, analystsClick here for the research.Tencent is offering $9 in cash for each American depositary share it doesn’t already hold in Sogou, backed by fellow internet giant Sohu. That’s a 57% premium to the target company’s Friday close. Sogou said in a statement it was considering the takeover offer, though Tencent already owns about 39.2% of Sogou but controls a majority of voting power.Sogou, founded in 2005 and merged with Tencent’s Soso search business in 2013, has counted on its partnership with the larger company to help it catch search leader Baidu Inc. Its 2017 IPO also helped bankroll a longer-term AI effort -- about three quarters of its employees are now involved in research and development, according to its website.Sohu’s shares gained 40% in New York, their most in a decade, while Sogou leapt a record 48% to close the gap with the offer price.(Updates with Tencent share action from the second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Tencent wants to take full control of longtime search ally Sogou
    TechCrunch

    Tencent wants to take full control of longtime search ally Sogou

    It's been seven years since Tencent picked up a 36.5% stake in Sogou to fend off rival Baidu in the online search market. The social and gaming giant is now offering to buy out and take private its longtime ally. NYSE-listed Sogou said this week it has received a preliminary non-binding proposal from Tencent to acquire its remaining shares for $9 each American depositary share (ADS) it doesn't already own.

  • China-Backed Crypto Guru Wants to Unify World’s Blockchains
    Bloomberg

    China-Backed Crypto Guru Wants to Unify World’s Blockchains

    (Bloomberg) -- The blockchain world today is thousands of disparate platforms that can’t talk to each other. So a little-known startup hatched one of the most ambitious plans yet to bridge all the divides -- and it’s got the backing of the Chinese government.Beijing-based Red Date Technology is at the heart of China’s first state-backed blockchain initiative, envisioned as a one-stop hub for developers to build decentralized applications (dapps) for everything from money transactions to drug-delivery tracing. Think of it as the crypto-world equivalent of a cloud service like Amazon Web Services or Microsoft Azure that hooks up and supports a multitude of software and platforms. Since its April roll-out, the Blockchain-based Service Network (or BSN) has attracted more than 6,000 enterprise, government and individual users primarily from China.Red Date, backed by the nation’s top economic planner, is the mastermind of the undertaking. The startup’s goal is to push out BSN globally, allowing anyone to create blockchain-based apps without having to then publish offerings on siloed platforms one by one, Chief Executive Officer He Yifan said.“The internet took off only after it became cheap for everyone to build websites,” He said in a video interview. “Our mission is to put everything blockchain-related onto BSN’s platform.”Connecting fragmented blockchains is key to moving the technology underpinning cryptocurrencies like Bitcoin beyond just trades and speculation. Projects like Cosmos and Polkadot are competing to establish industry standards, much like the http protocol for the web. BSN, however, simply aspires to be the glue that joins various networks and protocols.It’s all about doing it fast and cheap, He says. BSN will support its first batch of six public blockchains including Ethereum, EOS and NEO in August, and it’s looking to integrate more than 100 public chains within a year, He said. By leveraging BSN’s tools and data storage services, developers will be able to slash 90% off the cost of creating and running a dapp, he estimates.“It’s physically bringing the cloud resources needed online to power global blockchains,” said Matthew Graham, CEO of Beijing-based crypto consultancy Sino Global Capital. “BSN is the first and only project to bring this to blockchain in an agnostic way.”A former private-equity investor, the 44-year-old He founded Red Date in 2014 with his own money as a tech supplier to Chinese smart-city projects. That was when he established relationships with national champions China Mobile and UnionPay, as well as the State Information Center, a think tank under the country’s top economic planning agency. The four entities created BSN in 2018, and the three firms have since spent around 200 million yuan ($30 million) to build out the technology, He said.The initial idea -- which the likes of Baidu Inc. and crypto exchange Huobi support -- was to provide tools to develop software on tokenless, permissioned blockchains, without worrying about the complicated infrastructure. Some of the most-popular real-world applications enabled by BSN involve government documentation and supply-chain management, He said, without naming them.Beijing is in a love-hate relationship with blockchain: It wants to use the technology to serve the real economy, but has banned exchange trading and crowdfunding facilitated by crypto tokens like Bitcoin and Ether. Within the country’s borders, developers won’t be able to use BSN to access public networks like Ethereum and NEO, which incentivize users via their digital tokens.This, along with distrust of Chinese-made technology amid escalating geopolitical tensions, is a major obstacle to BSN’s global ambitions. But BSN will set up an offshore branch to integrate with public chains, He said. Red Date, through its Hong Kong offices, will choose at least seven partners without Chinese affiliations to co-manage a new foundation dubbed BSN International, he said, adding details have yet to be finalized.BSN will charge dapp creators fees based on their use of cloud storage space, which are deployed in global cities and purchased from companies like Amazon Web Services, He said. He estimates it will take three to five years to make the project profitable. He says Red Date won’t take funding from China’s government or state enterprises, preferring to remain independent -- even though it works hand-in-glove with a government think tank and two powerful Beijing-backed corporations. The entrepreneur said the project will become more transparent by going open-source in two to three years.”Whatever your concern is, you can check our source code,” He said.(Updates with target for open-sourcing in the penultimate paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Baidu App Announces Launch of Naming Selection Campaign for China's First Mars Rover
    PR Newswire

    Baidu App Announces Launch of Naming Selection Campaign for China's First Mars Rover

    Baidu App, the flagship mobile platform of Baidu Inc. (NASDAQ: BIDU), today kicked off the official naming selection process for China's first Mars rover, which was launched into space yesterday from Wenchang, Hainan province, as part of the Tianwen-1 Mars exploration mission. As the exclusive partner for the rover's naming campaign, Baidu App will leverage its expansive user base to allow netizens to contribute to the selection of the rover's name and view interactive content about the mission.

  • The Growth Story Remains for Alibaba Stock Despite Troubles in India
    InvestorPlace

    The Growth Story Remains for Alibaba Stock Despite Troubles in India

    Alibaba (NYSE:BABA) stock had a rare bad run last week, falling almost 6%.Source: testing / Shutterstock.com Considering its attractive business model and historical growth multiples, many analysts would find this development surprising. However, escalating tensions in Southeast Asia and a resurgent novel coronavirus are pushing the stock down.Still, these developments have little to do with the operational metrics of the business. Hence, I believe there are plenty of reasons to remain bullish on Alibaba stock stock. Chinese demand is rebounding, and the U.S. economy is also showing signs of life. Meanwhile, the business-to-business platform operated by Alibaba continues to give it a significant leg-up on its competition, especially with respect to its more famous American counterpart, Amazon (NASDAQ:AMZN).InvestorPlace - Stock Market News, Stock Advice & Trading TipsDespite the occasional hiccup, Alibaba stock has a lot going for it. You won't go wrong investing in this one. What Sets Alibaba Stock Apart?The reason why Alibaba is different from a lot of its peers is the unique business model. Although it did not pioneer the business-to-business e-commerce system, it is now its foremost expert, giving it a massive edge over the likes of Amazon, which operates a business-to-customer model. * 10 Cybersecurity Stocks We Need Now More Than Ever The critical difference between the two systems is that Alibaba does not need logistics facilities and warehouses to store goods that need to be shipped. Not having to do so makes for higher operating margins. Even from a liquidity standpoint, Alibaba is cash-rich, and its debt-equity ratio stands at 0.20 times, which is prudent, considering the industry average is 0.67 times. China-India Tensions Are Pressuring Alibaba StockThe Indian government's decision to ban 59 Chinese apps has jolted several Chinese tech companies, including Tencent Holdings (OTCMKTS:TCEHY), Baidu (NASDAQ:BIDU) and Alibaba.This is not great news for Alibaba. The tech giant has long sought to diversify its revenue sources away from China to other geographies. But those ambitions have hit a snag due to tensions between the two nuclear-armed states.Since we are still in the early days of this conflict, we don't know where this is going. At the moment, the administration of Prime Minister Narendra Modi is targeting apps developed in China. However, the government may want to punish every company that has even the remotest link to Beijing.For example, Alibaba has a significant stake in several platforms in India. Through two subsidiaries, the company holds a 40% share in payment app Paytm. Meanwhile, Alibaba affiliate, Ant Group, formerly known as Alipay, is the largest stakeholder in Zomato, India's most prominent food delivery provider.A recent news report revealed that due to rising tensions, the company could find it challenging to tap into the $100 million equity capital it attracted in its last funding round from Ant. U.S.-China Trade IssuesThe recent troubles in India come at a particularly bad time for Alibaba. Just a month ago, the U.S. Senate passed a bill that imposed greater regulation on Chinese companies. According to the law, any company found in violation of U.S. Securities and Exchange Commission rules could face delisting.There are several reasons why the bill was tabled in the first place. Although trade tensions between the U.S. and China are on the decline, there is still a lot of bad blood. There is also a feeling in Washington that companies that are either indirectly or directly controlled by the Chinese government must face greater scrutiny.Finally, fraud cases like Luckin Coffee (OTCMKTS:LKNCY) reinforce the notion that the regulatory environment in China is not as robust as the U.S., so there is a need for greater regulation when dealing with Chinese companies. Ant Group IPOOne of the driving forces of Alibaba stock stock recently has been the impending IPO of Ant Group, formerly known as Ant Financial. The fintech firm has revealed that the IPO will take place simultaneously on the Hong Kong Stock Exchange and Shanghai Stock Exchange's Star Market.Reuters said that bankers are valuing the IPO at over $200 billion. It's a no-brainer that every Chinese investor would love to get their hands on this company, considering that it's a crucial linchpin in digitizing China's service industry. My Final WordAlthough I have highlighted a significant number of risks Alibaba is facing, I remain bullish on the stock. It has an attractive business model and wide moat, relative to peer Amazon, Alibaba stock trades at a 33.78x trailing price-earnings ratio. That may seem steep, but Amazon trades at 152.74x, just to put things in perspective.The company's ambitions to spread its wings beyond China may not have borne fruit. But there is plenty to cheer for if you are an investor that values fundamentals. The business model remains enticing, holdings are diversified, and its business divisions are flourishing. Covid-19 has also done little to dent the company's business prospects. In fact, it has led to increased traffic on Alibaba's various platforms.Bottom line: You can't go wrong parking your capital in the Asian tech juggernaut.Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. He has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio. He does not directly own the securities mentioned above. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post The Growth Story Remains for Alibaba Stock Despite Troubles in India appeared first on InvestorPlace.

  • Jack Ma Is Telling China’s Startup Founders It’s Time to Go Public
    Bloomberg

    Jack Ma Is Telling China’s Startup Founders It’s Time to Go Public

    (Bloomberg) -- Jack Ma’s timing is frequently spot-on. Now, he’s signaling to a host of Chinese startups it’s time to race ahead with multi-billion-dollar stock sales before the coronavirus pandemic or trade war does more damage to the global economy.Ant Group, Ma’s financial services juggernaut, is seeking to raise about $10 billion in Hong Kong and potentially more in Shanghai for its initial public offering. That decision is likely to encourage smaller brethren to accelerate their own public debuts, catching markets at multi-year peaks and avoiding longer-term uncertainty. China has birthed more than a hundred startups valued at $1 billion or more in recent years, led by TikTok-parent ByteDance Ltd. and ride-hailing giant Didi Chuxing.“The economy has its own timeline. Right now liquidity is available, but the Chinese and global economies are fraught with risk,” argues Brock Silvers, chief investment officer for Adamas Asset Management Ltd. in Hong Kong. “Everyone thus wants to strike now, while the iron is hot.”Chinese companies have raised $36 billion of share sales this year in Hong Kong alone and Ant’s IPO is almost certain to push that total past $45 billion. That raises questions over whether the greater China market is deep enough to sustain a flood of listings. Like a summer Hollywood blockbuster steamrolling smaller films, Ant’s enormous undertaking threatens to overshadow even the largest would-be debutantes.Bankers and investors say there’s no lack of eager buyers, at least for now. Ant is riding a swell of interest in the world’s No. 2 economy, which has sprung back faster than anticipated from the pandemic. A series of spectacular summer debuts -- chipmaker Semiconductor Manufacturing International Corp. tripled on opening day -- demonstrate there’s ample money chasing outsized returns in an era of highly volatile markets.At least a dozen corporations are seeking to tap the well: Chinese search leader Baidu Inc. and Ctrip are said to be exploring secondary listings in Hong Kong. ByteDance, owner of viral video sensation TikTok, is a possible contender. Local media report Didi is about to kickstart its own IPO process in Hong Kong, though a spokeswoman denied that Wednesday. UBS estimates 42 U.S.-traded Chinese firms are qualified to list in Hong Kong over the next 12 months and could raise an estimated $27 billion assuming a 5% float.Ant will be the largest of that cohort, a potentially $200 billion-plus first-timer that’s likely to dwarf all peers apart from major backer Alibaba Group Holding Ltd. and arch-foe Tencent Holdings Ltd. Depending on when Ant floats -- it could be a matter of months if everything goes smoothly -- some may seek to get in ahead of the financial services titan or make sure they debut well after liquidity loosens again.“With China being the only major economy to offer clear growth prospects, the appetite for China related securities will only increase,” said Andy Mok, senior research fellow at the Center for China and Globalization. “Despite the large size of the Ant IPO, the pool of liquidity seeking acceptable returns is even larger.”Hong Kong and Shanghai have become red-hot IPO destinations in 2020, hosting household names from JD.com Inc. to SMIC in a span of months. China’s biggest corporations are selling stock closer to home after a proposed U.S. bill threatened to force its companies to delist from New York by imposing stricter disclosure requirements -- - a prospect that looks increasingly plausible as the Trump administration amps up action against its geopolitical rival. That will only contribute to the impending deluge.Ant’s float will create other unwelcome ripple effects. Share sales from Meituan, JD.com and Netease Inc. have all strained available capital and triggered consequent spikes in the Hong Kong dollar. Demand for the currency had already begun to swell Tuesday -- before Ant has even had a chance to pin down a timeframe.“There could be liquidity pressure in the short term,” said Julia Pan, a Shanghai-based analyst with UOB Kay Hian. “It’s likely for example that people will sell some of their shares in Alibaba to buy Ant.”There’re signs the city may not be fully equipped to handle the deluge. Since last year’s $13 billion secondary listing, Alibaba’s Hong Kong stock has drawn just a fraction of the trading activity it typically generates in New York, partly due to a local stamp duty that curbs high frequency trading. While the city led the world in listings last year, volume on the exchange is just about a quarter of its U.S. peers in dollar terms.Longer term, a growing roster of bona fide tech giants can only benefit the city’s exchange, diversifying its investment base while finally helping it fulfill its ambition of becoming the go-to destination for a new generation of technology enterprises. The Hong Kong exchange is now pushing out a series of efforts to increase liquidity and turnover.“While there might be liquidity pressure in the short term when Ant lists, it’s a good thing for Hong Kong in the longer run,” said Hong Kong-based Bernstein analyst David Dai.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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