|Bid||0.00 x 1100|
|Ask||0.00 x 3200|
|Day's Range||41.37 - 42.72|
|52 Week Range||34.76 - 50.68|
|PE Ratio (TTM)||338.86|
|Earnings Date||Aug 13, 2018 - Aug 17, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||48.42|
It has been barely over a month since its initial public offering, and already, HUYA (NYSE:HUYA) is making a huge impact. Can upstart HUYA stock break this trend? To those who are new to the concept, this sounds like people watching other people play video games.
LONDON, UK / ACCESSWIRE / June 20, 2018 / If you want access to our free research report on Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GOOGL as the Company's latest news hit the wire. On June 18, 2018, JD.com, Inc. (NASDAQ: JD) announced that Alphabet's Google will invest $550 million in the Company. Google has made the strategic cash investment in JD.com with the aim of strengthening the partnership between the two Companies and expand its market presence in several regions including Southeast Asia, the US, and Europe.
While Alphabet’s (GOOGL) Google search engine and Play Store have been blocked in China for years now, Google has slowly been increasing its footprint in the world’s second-biggest economy. Google has opened up offices in the country, including an AI hub. On June 18, Google announced it is investing as much as $550 million in Chinese e-commerce company JD.com (JD), Alibaba’s (BABA) competitor, by purchasing JD.com stock.
One of the newer and more exciting names on the list red-hot, freshly-public China internet stocks is HUYA Inc – ADR (NYSE:HUYA).Huya stock is one to watch in a group that’s already teeming with possibility. China internet stocks have been red-hot lately. Instead, the latest craze in China internet stocks has centered around a new breed of freshly public China companies that are smaller than the industry titans.
NEW YORK, NY / ACCESSWIRE / June 19, 2018 / JD.com and China Biologic Products Holdings both saw gains in Monday trading. JD.com saw a modest rise after Wall Street learned that Google is investing $550 ...
MAY 29: A Chinese webcasting hostess uses a smartphone to make a live webcast during the Douyu festival on May 29, 2017 in Wuhan China. Just as China sets the world pace in e-commerce, it's doing the same for live streaming. More than 100 million viewers watch a live online video event every month, according to digital brand researcher L2.
SHANGHAI—Alphabet Inc.’s Google unit is investing $550 million in Chinese online retailer JD.com Inc., a move that will deepen its ties with China and ramp up its rivalry with Amazon.com Inc. The deal, which according to a JD spokesman gives Google a 1% stake, will help both companies expand their retailing presence. Under the partnership, JD will start selling products on Google Shopping, reaching consumers in the U.S. and Europe as it seeks to diversify beyond China’s highly competitive e-commerce market.
Stocks declined on Monday as investors reacted to last week's escalation in the ongoing trade war between Washington and Beijing that targeted $50 billion in Chinese-made goods with fresh tariffs from the White House. that will allow Alphabet to deepen its reach inside the world's second-largest economy and help JD expand into Southeast Asia and Europe by promoting more of its products on Google's shopping platform. TheStreet's Eric Jhonsa has his top takeaways from the deal and why he thinks JD shares sold off today in the wake of the investment.
The two companies described the investment announced on Monday as one piece of a broader partnership that will include the promotion of JD.com products on Google's shopping service. JD.com's U.S.-listed shares rose 0.4 percent to close at $43.76 on Nasdaq. JD.com's investors include Chinese social media powerhouse Tencent Holdings Ltd , the arch-rival of Chinese e-commerce leader Alibaba Group Holding Ltd (BABA.N), and Walmart Inc (WMT.N).
The two companies described the investment announced on Monday as one piece of a broader partnership that will include the promotion of JD.com products on Google's shopping service. JD.com's U.S.-listed shares rose 0.4 percent to close at $43.76 on Nasdaq. JD.com's investors include Chinese social media powerhouse Tencent Holdings Ltd, the arch-rival of Chinese e-commerce leader Alibaba Group Holding Ltd, and Walmart Inc.
JD.com and Google-parent Alphabet forged a wide-ranging alliance, with the U.S. internet search giant taking a small stake in the Chinese e-commerce firm.
Traders are making bullish options bets on Starbucks and JD.com, according to trader Pete Najarian. On Monday investors bought more than 19,000 Starbucks calls at the June 58 strike price. Nearly 7,700 June 45 strike calls were also bought in JD.com.
Alphabet Inc (NASDAQ:GOOGL)’s division Google has announced its plans to invest $550 million in, JD.Com Inc (NASDAQ:JD), one of the largest Chinese e-commerce companies. This will aid the company in strengthening footprints in the growing global online retail market. The partnership will allow the e-commerce company to list its products on Google’s shopping site which will help it to expand customer reach.
JD.Com(ADR) (NASDAQ:JD) has started showing signs of a revival. The $550 million investment by Alphabet Inc (NASDAQ:GOOGL, NASDAQ:GOOG) serves as the latest sign of this comeback. Although JD stock took a massive hit over the last four months, the equity has enjoyed a tremendous comeback in June. Compared with Amazon.com, Inc. (NASDAQ:AMZN), it serves a larger home market with a more built-out infrastructure at a lower valuation.
The price is equal to $40.58 per JD's American Depositary Shares (ADS), and represents a 6% discount to where JD is trading on Monday following a roughly 0.6% decline after the news was announced (shares were up more than 3% initially). Worries about Google's purchase price and the dilution caused by the deal might be responsible for JD's decline on Monday. Another possibility is that news of the deal leaked last week, given that JD shares rose about 6% on Thursday and held onto those gains on Friday.
The deal has Google investing a total of $550 million into JD.com Inc. This will have the tech company acquiring 27,106,948 newly issued shares of JD stock. Google is paying $20.29 per share for the stock. The investment from Google will have the two companies working together on a new project to develop new retail solutions around the world.
2018 equity markets have been eventful to say the least. Just last week we set new highs in several indices in spite of global fears of tariff wars. Some sectors are struggling from being directly in the line of fire, but in general, investors are not afraid because perceived risky tickers are strong.
Stifel analyst Scott Devitt wrote Monday that Google's recently announced investment in JD.com Inc. is an endorsement of the internet economy in Southeast Asia. "This transaction will better-position Google's retail efforts in the region," he said. Alphabet Inc.'s Google announced Monday that it would be investing $550 million in JD and that the two companies would begin a strategic partnership.
Stocks slid lower Monday as global markets remained rattled by the U.S.-China trade standoff. China stocks were highly active, however, led by JD.com.
As part of a new strategic partnership, Google will invest $550 million in JD's business and the two companies will collaborate on multiple strategic initiatives, the companies said in a joint press release.