|Bid||188.78 x 1100|
|Ask||188.95 x 800|
|Day's Range||187.90 - 189.00|
|52 Week Range||147.50 - 211.70|
|PE Ratio (TTM)||50.66|
|Earnings Date||Aug 15, 2018 - Aug 20, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||251.16|
The Zacks Analyst Blog Highlights: Amazon, Alibaba, Walmart, Berkshire Hathaway and JPMorgan Chase
Henry Xia jumps into the burnt toast-colored electric car he helped build as co-founder of Xpeng Motors Technology Ltd. and commands it to play Green Day’s “21 Guns.” He asks the car about traffic conditions and starts driving. What the four-year-old startup has is backing from tech giants Alibaba Group Holding Ltd., Foxconn Technology Group and Xiaomi Corp. founder Lei Jun. Xpeng expects to raise more than $600 million this month from investors that include Alibaba, valuing it close to $4 billion, according to a person familiar with the fundraising.
ProShares added on to its suite of e-commerce-related ETFs with a new strategy that invests only in retailers principally selling online or through other non-store channels. On Monday, ProShares rolled ...
Chinese online group discounter Pinduoduo is planning to raise up to $1.63 billion from a U.S. listing, its latest filing with the U.S. Securities and Exchange showed, in what will be one of the biggest U.S. float by Chinese firms in four years. Pinduoduo, owned by Walnut Street Group, plans to sell about 85.6 million American Depositary Shares in its initial public offering (IPO) at a price range of $16 to $19 each, according to its filing, which was uploaded to the exchange website on Monday. The company, backed by Chinese internet giant Tencent Holdings, will open the book to institutional investors on Tuesday and price its IPO next Wednesday, said two people close to the transaction.
July 16 (Reuters) - Alibaba Pictures Group Ltd: * ALIBABA GROUP HOLDING TO PROCURE SERVICE PROVIDERS (BEING AGH AND ITS AFFILIATES) TO PROVIDE TECHNOLOGY SERVICES TO CO Source text for Eikon: Further company ...
BATX is an acronym for the four most popular Chinese technology stocks: Baidu, Alibaba, Tencent and Xiaomi. The term came into existence much like that of the FAANG stocks acronym, top U.S. technology stocks namely Facebook, Apple, Amazon, Netflix and Alphabet’s Google.
Are Chinese stocks the friend or foe of investors in today’s increasingly hostile macroeconomic climate? Politics aside, when it comes to buying or shorting China-based tech stocks JD.com (NASDAQ:JD) and Weibo Corporation (NASDAQ:WB), it may be one or the other. In order to build a more robust risk-adjusted investment, this strategist believes the price chart and options market are the tools of choice for investors.
Ele.me, the food delivery platform acquired by Alibaba Group Holding Ltd., is on the hunt for $2 billion of new financing to help in its fight against Meituan Dianping, people familiar with the matter said. The Chinese company is seeking funds from potential investors such as venture capital firms to expand a business that’s burning enormous amounts of cash, according to the people, who requested not to be named because the matter is private. While it’s unclear how big a stake is available in Ele.me, which was valued at $9.5 billion in April’s Alibaba acquisition, investors would get a piece of a company that’s a candidate for a future initial public offering, the people added.
The tense climate between the US and China, which has seen the two largest world economies target each other with trade restrictions, is worrying Chinese e-commerce giant JD.com (JD). The trade tensions have forced JD to pause its US expansion plans, the company’s founder and chief executive officer, Richard Liu, told CNBC last month.
For internet retail juggernaut Amazon.com (NASDAQ:AMZN), that comes next as Amazon Prime Day on July 16. The day for Amazon Prime members and non-members alike will feature plenty of deals. After Memorial Day, when people are gearing up for summer barbecues, getting their patios and lawns ready, etc., there’s a dearth of spending.
Online retailers are increasingly using self-made shopping holidays to fuel sales, and JD.com (JD) is keeping up with the trend. While Amazon (AMZN) has its Prime Day and Alibaba (BABA) has Single’s Day, JD has its 618 Shopping Festival, which commemorates its founding on June 18.
Alibaba (NYSE:BABA) stock has been sliding for the last few weeks, its share price shrinking by 8% over the last month despite a slight rebound in the last few days. The main factor for the fall of the Amazon (NASDAQ:AMZN) of China, as many call it, has been volatility in the yuan, China’s currency. Indeed, the fact that BABA stock offers an easy way for investors to bet on China has long been part of its appeal.
TOKYO/SINGAPORE (Reuters) - U.S. hedge fund Tiger Global has built a stake worth over $1 billion (757 million pounds)in SoftBank Group Corp (9984.T) as it considers the Japanese firm undervalued, a source with direct knowledge of the matter said, driving SoftBank shares up as much as 6.8 percent. The bump added nearly $6 billion to SoftBank's market capitalization, narrowing the gap between the company's limited valuation as a conglomerate and the valuation that the company says it deserves, thanks to its rich investments. The Japanese tech and telecoms firm, which holds a nearly 30 percent stake in Chinese e-commerce giant Alibaba (BABA.N), has recently started taking action to address the issue, including preparing a listing of its domestic telecoms unit.
Alibaba Group Holding stock has fallen 10% from its recent record high as investors ditched it and shares of other Chinese companies amid an intensifying trade dispute. Put options confer the right to sell stock at a designated date and price, known as a “strike.” Call option contracts give investors the right to buy shares at such a strike price.
Chinese tech giants aren’t the hot hedge fund favorites they once were. Alibaba and Tencent are giving way to a new crop of top picks: smaller non-Chinese companies that have been quietly surging even as valuation worries and market jitters have weighed down the behemoths. Among the winners are Taiwan’s Wiwynn Corp. and Yageo Corp., whose shares have more than tripled in 2018, and San Mateo, California-based Coupa Software Inc., whose shares have doubled.
There is a rule in technology called the 90-9-1 rule, and it usually holds true. Leading tech stocks tend to dominate 90% of the market, the second-place company gets 9%, and everyone else scraps for the remaining 1%. If you're an investor, the rule is simpler: Go with the winner. This is where we get the word "WinTel" from. WinTel described the virtual PC monopoly held by the Microsoft (MSFT) Windows operating system, running on Intel (INTC) hardware, 20 years ago. You could have owned Apple (AAPL) in 1994, or Advanced Micro Devices (AMD), but in terms of the market as it was at the time, you would have been wrong. You go with a winner until it's no longer winning, notes Rich Winer, a wealth adviser with Steel Peak Wealth Management LLC in Woodland Hills, California. "People assume that just because a company has had a strong run, that the run has to end," he says. The end of the run isn't based on valuation, but technology. Winners become losers only when their niches are destroyed, as Nokia (NOK) flip phones were destroyed by the Apple iPhone, or as Canon film cameras were by digital cameras. The following 9 tech stocks are today's modern-day corporate kings. For now, you want to own them - not based on any sort of relative valuation, but on the continued strength of their niches. As long as they have "runway," or growth potential, stay in them. SEE ALSO: 25 Stocks Every Retiree Should Own
The stock market’s nemesis recently has been escalating trade war tensions between the U.S. and China. Every time the market has a good day, some wild card emerges in the U.S.-China trade war saga, and that wild card weighs on stocks. Most recently, the wild card was U.S. President Donald Trump threatening to slap a 10% tariff on an additional $200 billion worth of Chinese imports.
Alibaba (BABA) recently struck a deal to buy a stake in Turkey-based online marketplace Trendyol. In addition to the Turkish market, Trendyol also serves the Middle East/North Africa region. Although financial details of the deal were not disclosed, a joint statement by Alibaba and Trendyol said it was the largest Internet transaction in Turkey to date.
Alibaba (BABA) was one of the investors that recently pumped $1.5 billion of additional capital into China Media Capital (or CMC Group) in a series A fundraising round, according to Reuters. Tencent (TCEHY), the Chinese technology company behind WeChat messaging app and a backer of Snap (SNAP) and JD.com (JD), also participated in the CMC Group round alongside Alibaba and other investors.