alibaba
Chinese companies have set a new record, raising $14 billion (£10.7 billion) in offshore convertible bonds this year. This surge underscores their strategic shift to diversify funding amidst persistently high interest rates. Data from LSEG reveals that mainland China’s share of global deals now stands at 22%, highlighting its growing market influence. The $14 billion raised so far in 2024 represents an astonishing 1,588% increase from the $829.3 million (£631.2 million) raised in the same period last year. This growth is driven by major transactions, including Alibaba Group’s $5 billion (£3.8 ...
Invezz
Alibaba (NYSE: BABA) stock price record of underperformance has continued this year. It has dropped by over 1.50% this year as the Nasdaq 100 and S&P 500 indices soared by double digits. The stock has also dropped by over 54% while the two indices have risen by over 80%. Alibaba has become a big fallen angel, meaning that $10,000 invested in it in October 2020 would now be worth just $2,442. Good and highly undervalued companyAlibaba’s share price has mostly diverged from its financial performance. Its annual revenue has jumped from over $71.9 billion in 2020 to more than $130 billion in 2023....
Invezz
The former England football captain David Beckham will promote AliExpress after the site secured its biggest global brand ambassador deal to date. Alibaba, which owns AliExpress, announced the partnership on Monday as part of its publicity drive surrounding the UEFA Euro 2024 tournament. The European Football Championship, of which Alibaba is a sponsor, will begin in June. Beckham will be the face of Alibaba's 'Score More with AliExpress' campaign, which offers deals to celebrate the sporting event, although the footballer's pay packet has not been disclosed. The partnership comes after the Eu...
Euronews (English)
Chinese E-commerce giant Alibaba reported on Tuesday that net income for its fourth quarter plunged to 3.27 billion Chinese yuan ($453 million) from last year's 23.52 billion yuan. Excluding items, adjusted net income for the quarter was 24.42 billion yuan compared to the prior year's 27.38 billion yuan. The company's revenue for the quarter grew 7% to 221.87 billion yuan from 208.20 billion yuan last year. The board of directors also approved a two-part dividend.
DPA
Chinese E-commerce giant Alibaba reported on Tuesday that net income for its fourth quarter plunged to 3.27 billion Chinese yuan ($453 million) from last year's 23.52 billion yuan. Excluding items, adjusted net income for the quarter was 24.42 billion yuan compared to the prior year's 27.38 billion yuan. The company's revenue for the quarter grew 7% to 221.87 billion yuan from 208.20 billion yuan last year. The board of directors also approved a two-part dividend.
DPA International
Chinese E-commerce giant Alibaba reported on Tuesday that net income for its fourth quarter plunged to 3.27 billion Chinese yuan ($453 million) from last year's 23.52 billion yuan. Excluding items, adjusted net income for the quarter was 24.42 billion yuan compared to the prior year's 27.38 billion yuan. The company's revenue for the quarter grew 7% to 221.87 billion yuan from 208.20 billion yuan last year. The board of directors also approved a two-part dividend.
DPA Breaking News
Considered by many to be one of the biggest jewels of the Chinese economy, Alibaba Holding Limited (BABA) has been considered ‘China’s Amazon’ and an investors’ darling for years. But the once-mighty online retail giant has seen a gradual slide in its stock price since the heights of its powers during pandemic-era 2020, which saw Alibaba’s stock price regularly top 300 Hong Kong dollars (HKD) as online shopping skyrocketed worldwide. It is now hovering at around HKD 81.50 per share – losing over 70% of its share price (or HKD 232.50) since October 29 2020. Why has Alibaba’s stock price fallen ...
Invezz
Shanghai (AFP) - Chinese e-commerce giant Alibaba said Thursday it was cancelling a planned cloud service spinoff announced this year over US chip restrictions, as it reported results for the third quarter of 2023 that were in line with market expectations. The announcement sent shares in Alibaba plummeting by as much as ten percent on Thursday, though it later traded at about eight percent lower. Alibaba's change of course follows a series of decisions by Washington to bar the export to China of powerful chips, including those from California-based Nvidia that are crucial to the development o...
AFP
Key Points Key headwinds from recent years continue to dissipate, with last week’s news perhaps the biggest.Even with the recent rally, shares remain comparatively cheap.They’re well-supported technically and on the verge of crossing the $100 mark.5 stocks we like better than Alibaba GroupAfter trading sideways in a tight range for more than a year, the stars are finally aligning once more for Alibaba Group Holding Ltd (NYSE:BABA) stock. Shares of the Chinese e-commerce and cloud computing giant had to endure one of the more publicized slides from highs over the past two years, with them comin...
ValueWalk
Key Points As the United States and China begin to settle on their respective fiscal policies for the remainder of 2023, Alibaba seems to be positioned in the middle of the perfect macroeconomic storm. Investors can monitor these economic indicators to gauge the progress and direction of the underlying economies and form their views.With strengthening tailwinds, investors like Dr. Michael Burry have been accumulating positions in Alibaba. Analysts agree that there is a significant upside as a new value-add is thrown into the mix.By applying a valuation method called for spin-off situations, in...
ValueWalk
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