|Bid||41.36 x 300|
|Ask||41.66 x 300|
|Day's Range||42.91 - 43.64|
|52 Week Range||31.89 - 46.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Feb.13 -- Bill Ready, PayPal Chief Operating Officer discusses their relationship with EBay, their other partnerships and their move toward financial services. He speaks with Yvonne Man and Kathleen Hays on "Bloomberg Markets: Asia."
“Look what I’ve found on eBay, darling — Neil Woodford’ s halo. It says not worn since 2016 — no longer needed.” Copyright © 2015 The Financial Times Limited. Please don't cut and paste FT.com articles ...
After eBay announced it would no longer be using PayPal's payment processing services once its contract expires, shares of the online payment platform plunged in response. Is this a buying opportunity or a sign of more pain to come?
When Alibaba (BABA) recently released its fiscal 3Q18 earnings results, in which its revenues grew 56% and its net profit increased 36% YoY (year-over-year), it steered clear of mentioning its relationship with BigBasket, a rising star in India’s online grocery industry. Alibaba injected $146 million into BigBasket, making it the biggest shareholder in the online grocery company.
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.
Walmart Inc is in talks to buy a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia's third-largest economy, two sources familiar with the matter said on Friday. In what would be one of its biggest overseas deals, the U.S. retailer is looking at buying new and existing shares in Flipkart and due diligence is likely to begin as early as next week, the sources said. Terms under discussion were not immediately available, but Flipkart would be valued at more than the $12 billion figure given when Japan's SoftBank Group Corp's Vision Fund took roughly a fifth of the firm last year for $2.5 billion, they added.
The Information, a technology news site, recently reported that Amazon (AMZN) is in the process of ditching Oracle’s (ORCL) database and that it has already made significant progress toward this goal. Amazon, a leading player in the e-commerce and cloud computing industries, is one of Oracle’s largest database customers. Amazon’s motivation to move away from Oracle’s database is partly tied to a need to cut costs.
Bill Ready argues that eBay's plans to gradually replace PayPal as its main payment option aren't as bad as feared for his company.
Online retailer eBay is rolling out a peer-to-peer fundraising platform created by its Portland-based eBay for Charity team . The new tool was created with the American Cancer Society and is available for people fundraising for the group’s Relay for Life events this spring. EBay’s charity team was consolidated to its Portland office in 2015.
Pierre M. Omidyar founded eBay as a sole proprietorship in 1995. “[M]y intention was actually to create a marketplace that anyone and everyone could access,” Omidyar said in a recent interview posted on the site of his old prep school, St. Andrew’s Episcopal School of Potomac, Md. “At the time, I was frustrated by traditional financial markets that were only available to the few who could afford the price of entry.” Omidyar went on to say, “As eBay (EBAY) grew, it became clear that there was an even greater social impact that I hadn’t fully realized -- where people had a way to support themselves by earning money using the platform.” EBay certainly grew. It went public in 1998 and in 2002, under then-Chief Executive Meg Whitman, acquired payments firm PayPal Holdings (PYPL) for $1.4 billion in stock.
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.
San Jose-based e-commerce giant eBay this week said it’s hiring Twitter’s vice president of data science to help lead the company’s emerging AI initiatives. Jan Pedersen will start Tuesday as eBay’s new chief scientist for artificial intelligence. In the newly created role, Pederson will focus on computer vision, natural language processing and machine learning to improve eBay’s shopping experience, the company said.
In fiscal 3Q18 (December quarter), Alibaba’s (BABA) operating profit margin slipped to 31% from 39% in fiscal 3Q17. During its comparable period, Amazon.com’s (AMZN) profit margin rose slightly to 3.5%, up from 2.9% in fiscal 3Q17. The dip in Alibaba’s profit margin in its latest quarter was due to the company’s continual investments in areas such as cloud computing, digital entertainment, logistics, and what it refers to as “new retail” (an omnichannel retail strategy) as it seeks to stimulate more long-term growth. Through its digital entertainment unit, Alibaba provides online video services akin to Netflix (NFLX) and YouTube from Alphabet’s (GOOGL) Google.
EBay Inc. will roll out new augmented reality features this year to make buying and selling goods on the website more engaging, and is exploring a credit program for sellers to encourage them to keep their ...
The recent move by Alibaba (BABA) to end its profit-sharing arrangement with Ant Financial and instead take up an equity stake in the business has sparked fresh speculations about an IPO (initial public offering) of Ant being in the works. Alibaba used to receive 37.5% of Ant’s pretax profits, and this arrangement saw it receive more than $300 million from Ant in fiscal 2017. Instead of taking a cut of Ant’s profits, Alibaba will now own 33% of Ant—a sign that Alibaba is out to build a long-term relationship with its finance affiliate.
Shares of the e-commerce site got a bounce from its latest report, but its former payments unit is being punished -- perhaps too much -- for its issues.
Since Alibaba (BABA) has decided to exercise its option to swap its profit share in Ant Financial for an equity stake in the business, it’s important for investors to understand what exactly Ant does and how it could benefit Alibaba over the long term. Like its US counterparts Amazon.com (AMZN) and eBay (EBAY), Alibaba has dreams of a deeper global penetration, of expanding beyond its e-commerce roots. Ant has a wide-ranging presence in the digital economy—not just in China but in other Asian countries and beyond.