|Bid||42.69 x 100|
|Ask||42.72 x 100|
|Day's Range||46.30 - 47.30|
|52 Week Range||29.81 - 50.68|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 2, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.09|
Indonesia is likely to have more than five startups worth at least $1 billion each by 2019, with healthcare and education the most promising sectors to spawn new unicorns in Southeast Asia's biggest economy, the communications minister told Reuters. Driven by a youthful population of more than 250 million people owning at least 100 million smartphones, Indonesia has seen a rapid growth in the number of startups trying to capitalise on this potential in a growing economy. The country currently has four unicorns - companies that have reached $1 billion in valuation without tapping the stock markets - including ride-hailing company Go-Jek, travel site Traveloka, and market places Bukalapak and Tokopedia.
In fiscal 3Q18 (December quarter), Alibaba (BABA) received $600 million in revenues from Cainiao Network, a logistics services firm in which Alibaba owns a controlling stake. The Cainiao revenues represented 5.0% of Alibaba’s overall revenues for the quarter. Alibaba’s overall revenues rose 56% YoY (year-over-year) in fiscal 3Q18, and the company said that Cainiao was instrumental in driving that growth.
In what seems to signal defiance to the coalition of opposition that JD.com (JD), Tencent (TCEHY), and Wal-Mart Stores (WMT) have tried to build in China, Alibaba (BABA) grew its customer base in China at the fastest rate in fiscal 3Q18 (December quarter), when compared with the same quarter one year ago. Alibaba finished fiscal 3Q18 with 515 million active shoppers in China, which represents an increase of 16% YoY (year-over-year). An active shopper for Alibaba is a retail customer who purchased an item on its e-commerce platforms within the past 12 months.
Alibaba’s (BABA) stock fell about 6.2% on February 1—the day the company released its fiscal 3Q18 (December quarter) earnings. Tencent (TCEHY), JD.com (JD), and Baidu (BIDU), the three other large Chinese internet companies, followed Alibaba’s trajectory, with their stock falling between 2.1% and more than 3.4%. Amazon.com (AMZN) stock fell about 4.2% on February 1, but eBay bucked the trend, gaining more than 13.8% on the day Alibaba reported its fiscal 3Q18 results.
China e-commerce leader JD.com raised $2.5 billion by selling a stake in its logistics unit, posing a threat to Alibaba and Amazon.
The stock market ended with solid gains Wednesday as Wall Street looked past some eyebrow-raising economic data before the open.
Alibaba’s (BABA) e-commerce penetration in China’s urban markets is almost peaking, and the company is now looking to rural China and internationally to drive future growth. The international e-commerce market presents an enormous revenue opportunity, not just for Alibaba but also for domestic rival JD.com (JD) and global peers such as Amazon.com (AMZN), eBay (EBAY), and Wal-Mart Stores (WMT). Research firm eMarketer forecasts that global online retail sales will reach $4.1 trillion by 2020.
NEW YORK, NY / ACCESSWIRE / February 14, 2018 / Strong performances from banking and technology stocks helped lift the markets further into the green on Tuesday. The Dow Jones Industrial Average gained ...
JD.com will continue to be a majority shareholder in its logistics arm, JD Logistics, with an 81.4 percent stake.
Chinese ecommerce group JD.com said on Wednesday it had raised $2.5bn for its logistics subsidiary to support investments in automation from investors including Hillhouse Capital and Tencent. JD.com will ...
JD.com, the Chinese e-commerce giant that is Alibaba's closest rival, is raising giving its logistics spin-out business a huge boost after it announced that the unit is raising $2.5 billion. JD Logistics, which became a standalone business last April, is raising the investment capital from a range of backers who include Hillhouse Capital, Sequoia China, China Merchants Group, Tencent, China Life, China Development Bank Capital FOF, China Structural Reform Fund and ICBC International, according to a press release announced today. The transaction, which is JD Logistics' first outside funding event, gives the division a valuation of around $13.5 billion.
JD.com Inc said on Wednesday it had raised $2.5 billion (£1.8 billion) for its logistics arm, as the second-largest Chinese e-commerce firm seeks to further bolster its position in online retail in its home country and beyond. JD Logistics was valued at $10.9 billion prior to the new funding, which was led by Hillhouse Capital, Sequoia China, China Merchants Group and Tencent among others, the company said in a statement. "This current funding round sets the stage for us to further invest in expanding our lead in the sector in areas like automation, drones and robotics," said Richard Liu, chairman and CEO of JD.com.
JD.com Inc said on Wednesday it had raised $2.5 billion for its logistics arm, as the second-largest Chinese e-commerce firm seeks to further bolster its position in online retail in its home country and beyond. JD Logistics was valued at $10.9 billion prior to the new funding, which was led by Hillhouse Capital, Sequoia China, China Merchants Group and Tencent among others, the company said in a statement. "This current funding round sets the stage for us to further invest in expanding our lead in the sector in areas like automation, drones and robotics," said Richard Liu, chairman and CEO of JD.com.
BEIJING, Feb. 14, 2018-- JD.com, Inc., China's largest retailer, today announced that it plans to release its unaudited fourth quarter and full year 2017 financial results on Friday, March 2, 2018, before ...
BEIJING, Feb. 14, 2018-- JD.com, Inc., China’ s largest retailer, today announced that it has entered into definitive agreements for the financing for its logistics subsidiary, JD Logistics, with investors ...
JD.com Inc. will raise about $2.5 billion by selling a stake in its logistics business to investors including Hillhouse Capital and Tencent Holdings Ltd.
Unlike Amazon.com (AMZN), which generates most of its overall profits from its cloud business, AWS (Amazon Web Services), Alibaba (BABA) still loses money in its cloud computing arm. In fiscal 3Q18 (December quarter), Alibaba suffered a loss of 181 million yuan (around $28 million) in its cloud business, though the business grew more than 100% YoY (year-over-year). The loss in this business during Alibaba’s latest quarter more than doubled its loss of about $13 million in fiscal 3Q17.
Alibaba (BABA) is deepening ties with its payments affiliate Ant Financial roughly one month after US regulators blocked an attempt by Ant Financial to acquire MoneyGram (MGI). MoneyGram, a global money remittance provider that is battling fierce competition from Western Union (WU), agreed to sell to Ant for $1.2 billion. The deepening of ties between Alibaba and Ant involves Alibaba modifying its relationship with Ant by taking advantage of a provision that allowed it to swap its profit share in payments for an equity stake.
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.