Home 

Alibaba applies for one-to-eight stock split to seek flexibility in its ability to raise capital, attract new investors

Alibaba Group Holding, operator of the world’s largest e-commerce platform, has applied to split its ordinary shares, part of a move to increase the flexibility of its capital raising activities, including the issuing of new shares.The New York-listed Chinese e-commerce giant is proposing to split each of its ordinary shares into eight, according to a stock exchange filing. Under the changes, one American Depositary Share (ADS), which currently represents one ordinary share, will represent… Source link

Read More
Ecommerce 

Alibaba ties up with Audi, Renault and Honda to offer smart voice services in cars in China

Alibaba Group Holding announced partnerships with auto giants Audi, Renault and Honda on Tuesday, as the e-commerce juggernaut rolls out voice discovery services in cars at a time when smart speaker devices have become a battlefront among internet companies.Under the agreement, new cars with smart and internet-enabled features from the companies in China, will integrate Tmall Genie Auto, an artificial intelligence (AI) platform developed by Alibaba AI lab.Alibaba Group Holding announced… Source link

Read More
Home 

Alibaba said to pick CICC, Credit Suisse to lead Hong Kong share sale

Chinese internet giant Alibaba Group has picked China International Capital Corp and Credit Suisse Group to lead a planned Hong Kong share sale, people familiar with the matter said.The online retailer is in discussions with other investment banks seeking a role on the offering, according to the people, who asked not to be identified because the information is private. Alibaba plans to file a formal listing application with the Hong Kong stock exchange as soon as the next few weeks, the people… Source link

Read More
Ecommerce 

Alibaba is said to weigh raising US$20 billion in Hong Kong second listing

Alibaba Group Holding is considering raising US$20 billion via a second listing in Hong Kong after a record-breaking 2014 New York market debut, according to people with knowledge of the matter, a mega-deal that will bring China’s largest company closer to investors in its home country.The e-commerce giant is working with financial advisers on the planned offering, the people said, asking not to be identified because the information is private. Alibaba is aiming to file a listing application in… Source link

Read More
Vietnam 

Alibaba Cloud, China Telecom, Google Cloud, HUAWEI CLOUD McAfee – Catch them all in one place at Cloud Expo Asia, Hong Kong – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HONG KONG, CHINA – Media OutReach – 20 May 2019 – With just two days to go until doors open from 22 – 23 May at the Hong Kong Convention and Exhibition Centre (HKCEC) for the fourth edition of North Asia’s largest technology business event stack, Cloud Expo Asia and its co-located events, have received over 12,000 registrations comprising industry professionals from Estonia, Pakistan, Thailand, Germany, Korea, France and Greater China.  At the annual free-to-attend event, attendees can source the latest products and solutions from over 280 tier 1 solutions leaders specialising in Cloud…

Read More
Home 

Alibaba pushes ‘emotion analysis’, other hi-tech systems to fight fake products

Alibaba Group Holding, China’s largest e-commerce services provider, said there were fewer suspected fake products found on its online shopping platforms last year, as the company deployed more sophisticated technology to track and intercept counterfeit merchandise.New York-listed Alibaba, which operates Taobao Marketplace and Tmall, said there was a 67 per cent year-on-year decline in potentially problematic listings on its platforms in 2018, following the deployment of “its most sophisticated… Source link

Read More
Home 

Stocks Blog: Tencent, Alibaba report strong earnings, while Trump turns up heat on Huawei

Good day traders — Lots of overnight news for our markets to digest.  Strong earnings from Tencent (700 HK) and Alibaba (BABA US) last night, though a mix in reaction in US markets afterwards. Alibaba closed up 1.6 per cent, while Tencent ADRs (traded under TCEHY) ended down 1.2 per cent. Meanwhile, US President Donald Trump took aim at the battle over the future of 5G, issuing an executive order that means Huawei can’t do business with American companies without special permission.  So,… Source link

Read More
Home 

Alibaba projects 500 billion yuan in annual revenue amid escalation in US-China trade war

Chinese e-commerce giant Alibaba Group Holding projected annual revenue will surpass 500 billion yuan (US$72.7 billion) this financial year, despite a trade war between the US and China. The New York-listed company said its revenue rose 39 per cent to 376.8 billion yuan (US$54.7 billion) for the 12-month period ended March, excluding newly consolidated revenues, according to a company statement. Non-GAAP net income, which excludes valuation gains, was 93.4 billion yuan. “More and more,… Source link

Read More
Home 

Alibaba, Tencent earnings to be watched for clues on consumer sentiment in China as trade war swirls

Alibaba Group Holding and Tencent Holdings will both report quarterly earnings on May 15, followed by Baidu on May 16, which will be closely scrutinised for any indication that growing trade tensions between the world’s two-biggest economies are impacting consumer sentiment in China. Alibaba China’s largest e-commerce operator blew past profit estimates in the previous quarter on growth in gross merchandise volume (GMV) and its cloud services business despite a slowing domestic economy. … Source link

Read More
Home 

Alibaba in US$250 million settlement of lawsuit over regulatory meeting ahead of its 2014 IPO

Alibaba Group Holding, China’s largest e-commerce services provider, has agreed to pay US$250 million to settle a US lawsuit over the company’s failure to disclose that its executives met with Chinese regulators to discuss counterfeit goods sold on its largest retail platform, several months before the firm went public in 2014.New York-traded Alibaba and its senior executives deny any wrongdoing in the settlement, which “does not constitute an admission or finding that the claims asserted has… Source link

Read More