|Bid||205.25 x 800|
|Ask||205.24 x 800|
|Day's Range||203.11 - 206.00|
|52 Week Range||129.77 - 206.00|
|Beta (3Y Monthly)||2.25|
|PE Ratio (TTM)||58.41|
|Earnings Date||Jan 28, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||228.43|
Smart speaker market in Asia-pacific (APAC) region is gaining steam on the back of growing efforts by Amazon (AMZN), Google, Alibaba, Baidu and Apple.
Saudi Aramco’s shares rose 10 per cent during its second day of trading on Thursday, pushing the state oil group’s valuation above $2tn. for the company has long been sought by Saudi Arabia’s ambitious Crown Prince Mohammed bin Salman, and Riyadh has worked to backstop the flotation to ensure its success. The kingdom issued bonus shares and made bank loans available for retail investors, pressured wealthy families to buy in and encouraged state funds to keep some money aside to prop up the flotation in the after-market.
Rice Basket Queen is the name of a stall run by Ruri Ruhyaty in a bustling suburb of Jakarta. A year ago it was typical of thousands of others. Ms Ruri would place her fish and vegetable dishes on banana ...
2019 was one of the busiest years for IPOs, and the calendar was packed with big tech unicorns and popular consumer brands. Here are some of the hottest market debuts we saw this year.
2019 has been one of the worst years for initial public offerings, but as always, market experts are optimistic as the holidays draw closer.
The stock market put in a mixed performance Tuesday, as the Fed left interest rates unchanged after its final meeting of the year, as expected.
Alibaba broke out above a buy point in a cup with handle on Feb. 22, 2017. The stock would go on to rise more than 100% from the entry.
Billionaire Ken Fisher is in hot water because of his sexual comments at a financial services conference. Fisher is known for his prestigious Forbes column, titled “Portfolio Strategy”, which he has been writing since 1984, which makes him the longest-running columnist in the publication’s history. He also has written 11 books, four of which became New […]
An inflation rate of 2.1% will send no one running for the hills; we might even look at these figures as somewhat "Goldilocks" \-- not too hot, not too cold.
Alibaba Group Holding Ltd . (NYSE: BABA ) co-founder Joe Tsai is buying a minority stake in German-based esports franchise G2 Esports. Tsai, who also owns the NBA’s Brooklyn Nets and the Barclays Center, ...
Leading Chinese billionaire entrepreneurs are investing heavily in electric vehicles, but their roads to profitability may be rocky.
Masayoshi Son was on the same conference panel. News that Mr Son’s SoftBank is selling a big stake in overhyped US dog-walking start-up Wag shows Mr Ma has a point. Implicit criticism from the founder of Alibaba must be painful, even for the brash Mr Son.
Bankers told The Nikkei that they are asking U.S.-listed Chinese companies to list in Hong Kong after Alibaba’s landmark Hong Kong listing success in November. “We are actively promoting a listing in Hong Kong to a clutch of companies we believe will be well received by Chinese investors," said one of the bankers interviewed by The Nikkei. Inspired by that, bankers are pitching Hong Kong listing to other U.S.-listed Chinese companies, especially those with a net worth of around $400 billion and technology firms, such as Baidu Inc (NASDAQ: BIDU) and JD.Com Inc (NASDAQ: JD), according to The Nikkei.
(Bloomberg) -- The slump in SoftBank Group Corp.’s shares could prompt Masayoshi Son to play an ace card -- cashing in part of his stake in Alibaba Group Holding Ltd.Son is likely to sell Alibaba stock to help pay for another buyback in an attempt to bolster SoftBank shares, according to Jefferies Group analyst Atul Goyal. It’s a surprise the Japanese technology giant’s shares are “languishing” despite its large stake in Alibaba, Goyal wrote in a note. The shares have become “decoupled,” and SoftBank is seeing little upside from its holding, he said. SoftBank’s stock is up 16% this year, while Alibaba’s has surged 45%. SoftBank’s market cap is about $82 billion, though its Alibaba shares alone are worth about $128 billion.SoftBank’s February announcement of a record 600 billion yen ($5.5 billion) buyback sent its shares to a peak in April, but the stock has since lost most of the gains. Investors have been spooked by the one-two punch of Uber Technologies Inc.’s plunge after an initial public offering in June and WeWork’s meltdown that forced a bailout by SoftBank. The poor performance of Son’s two marquee investments called into question the billionaire founder’s deal-making approach just as he’s trying to raise a successor to his $100 billion Vision Fund.As the current stock price is “well below” the average price paid in the stock repurchase earlier this year, “we will not be surprised if SoftBank Group funds yet another buyback, perhaps in February 2020, by selling some more stake in Alibaba,” Goyal said.SoftBank’s sale of part of its stake in the Chinese e-commerce giant earlier this year and using Alibaba shares as collateral for a loan indicate Son’s willingness for such a move, Goyal said. In addition to buybacks, proceeds could be used for investment in the second Vision Fund, the analyst said.Responding to criticism about his reluctance to exit successful investments, Son in June 2016 unveiled a plan to sell 73 million American Depositary Shares in the online mall operator. The complex transaction, structured so that he could retain some upside if the stock rose, took three years to complete. SoftBank booked 1.2 trillion yen in pre-tax profit from the deal and still holds about 26% of Alibaba.To contact the reporters on this story: Kurt Schussler in Tokyo at email@example.com;Pavel Alpeyev in Tokyo at firstname.lastname@example.orgTo contact the editors responsible for this story: Lianting Tu at email@example.com, ;Edwin Chan at firstname.lastname@example.org, Peter Elstrom, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Citigroup’s Alice Yap initiated coverage of Alibaba’s Hong Kong shares with a Buy rating and a target price of 284 Hong Kong dollars..
The recent production cut of 500,000 BPD from the OPEC+ group is set to result in total output cut of 1.7 million BPD, which represents 1.7% of global demand.
Futures: The stock market rally and China-tied Apple, AMD and Alibaba await President Donald Trump's China trade war decision on Dec. 15 tariffs.
Zhang Dayi makes a living by livestreaming. And for her, it's turned into a very lucrative business. In fact, she's a millionaire. Dayi films herself talking about items of clothing and answers questions on anything from its sizing to smell. Ahead of China's online shopping festival "Double-12", the equivalent of e-commerce giant Alibaba's Single's Day, millions have watched her every move -- and provided affirmation in the form of 'likes'. The secret to her success? Well, she says it takes dedication, ambition and the direct communication that comes with livestreaming. (SOUNDBITE) (Mandarin) LIVESTREAMER AND SOCIAL MEDIA INFLUENCER, ZHANG DAYI, SAYING: "I started my (online) shop in the second half of 2014. At first, I used a form of photo and text (to interact with users), and then short videos, and then gradually used livestreaming as a tool to frequently chat with users. I think livestreaming is an all-around and more direct way of communication. Along with the development of the internet and changes to online platforms, we are also optimising ourselves. I think when it comes to us selling products, it (livestreaming) is a very effective way to convince users and communicate with them as well as establish trust with them." Dayi dipped her toe into the world of live-streaming when Alibaba started testing the service. She has four business -- which earned 48.6 million US dollars across the Singles Day event in November.
The Trump Administration is mulling adding the e-commerce giant's overseas operations to a list of global marketplaces known for counterfeit goods, according to The Wall Street Journal. Yahoo Finance’s Zack Guzman and Brian Cheung discuss with Campus Reform Editor-in-Chief Cabot Phillips on YFi PM.