alibaba
The European Commission has begun an investigation into Chinese online marketplace AliExpress, owned by the Alibaba Group, on suspicion of breaches of the Digital Services Act (DSA), the EU executive said in a statement today (14 March). The probe focuses on mitigation of risks, to content moderation and the internal complaint handling mechanism, as well as transparency of advertising and recommender systems, the traceability of traders and to data access for researchers, the commission’s statement said. The company might not have taken enough measures to prevent dissemination of illegal conte...
Euronews (English)
Chinese multinational technology giant Alibaba has pledged to inject HK$5 billion into Hong Kong’s entertainment sector to finance promotion to an international audience. Hong Kong-made television dramas, films, events and training of young creatives will receive funding from video platform Youku, Alibaba Pictures and other businesses under the media arm of Alibaba, the company announced on Monday. The five-year project, dubbed the “Hong Kong Cultural and Art Industry Revitalisation Program,” would concentrate on film production and distribution, rights acquisitions and television series produ...
Hong Kong Free Press
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
The Top 10 Biggest IPOs Of All TimeSaudi AramcoThe largest IPO of all time occurred in 2019 when Saudi Aramco oil company was floated. The offering generated over $25 billion in investment, beating the previous record holder by almost $4 billion. Saudi Arabian Oil Co (TADAWUL:2222)’s public market cap is almost $2 trillion – as of March 2023 – making it the third most valuable company in the world after technology giants Apple and Microsoft. AlibabaAlibaba Group Holding Ltd (NYSE:BABA) is a Chinese technology company founded by Jack Ma in 1999 which has gone on to become one of the most valuab...
ValueWalk
Shares of Alibaba (NYSE:BABA) tumbled nearly 6% in Hong Kong’s trading session on Wednesday following reports that SoftBank recently sold most of its shares in the Chinese e-commerce and cloud giant. Q1 2023 hedge fund letters, conferences and more Why is SoftBank Exiting Alibaba?Just three years ago, SoftBank maintained a roughly 25% stake in Alibaba, worth more than $100 billion, making it the group’s largest investment at the time. The latest stock sale means that SoftBank divested around 85% of its shares in Alibaba in the past three years. The forward contracts allow SoftBank to repurchas...
ValueWalk
Alibaba posts $2.24 diluted EPS, beating expectations by close to 20% on the back of cost cuts and Cainiao segment growth of 27% year over year.More efficient use of subsidies and M&A synergies boosted operating margins by 11.2% from a year earlier, can they keep up this synergistic efficiency?Southeast Asia acquisitions of E-commerce, logistics, and consulting services through Lazada subsidiary expected to significantly boost operating margins and bottom line profits ahead of schedule.Cloud business segment points to rainy weather ahead; however, data from its public cloud and data center ope...
ValueWalk
Alibaba Added To List Of Chinese Companies That May Be DelistedThe SEC is demanding that U.S. auditors be able to scrutinize Chinese companies’ financial statements as part of the Holding Foreign Companies Accountable Act, which became law in December 2020. If Alibaba and the other foreign companies on the watchlist refuse to allow U.S. auditors to review their financial statements from three consecutive years, the SEC will delist them from U.S. exchanges. Q2 2022 hedge fund letters, conferences and more According to CNN, investors have been watching Alibaba for the last several years. Toward ...
ValueWalk
With negotiations between US and Chinese regulators going down to the wire on the future of Chinese company listings in the US long-term Global Emerging Markets investor Aubrey Capital Management has noted that concerns about the future of US ADRs should not overshadow recognition of the vibrant IPO market ongoing in Asia, and the ability of Chinese companies to access capital in markets such as Hong Kong and Shanghai. This week Alibaba Group Holding Ltd (NYSE:BABA) announced that it plans to apply for “dual primary” listing on the Hong Kong stock exchange in addition to its existing primary l...
ValueWalk
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