|Bid||199.98 x 800|
|Ask||199.99 x 800|
|Day's range||196.43 - 200.17|
|52-week range||129.77 - 200.98|
|Beta (3Y monthly)||2.25|
|PE ratio (TTM)||57.16|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Today H. E. Ethiopian Prime Minister Abiy Ahmed, Alibaba Group founder Jack Ma, and Alibaba Group Director and Ant Financial Services Group Chairman and CEO Eric Jing witnessed the signing of three Memoranda of Understanding (MoU) between the Ethiopian Government and Alibaba establishing an eWTP Hub in Ethiopia. The eWTP (electronic world trade platform) Hub is intended to enable cross-border trade, provide smart logistics and fulfillment services, assist Ethiopian small and medium-sized enterprises (SMEs) to reach China and other markets, and provide talent training. Ethiopia aims to build a dynamic and growing digital economy that contributes significantly to overall economic growth in the country.
The final offer price for both the international offering and the Hong Kong public offering (the “Offer Price”) has been set at HK$176 per Share. The Company has set the Offer Price by taking into consideration, among other factors, the closing price of the ADSs on November 19, 2019 (the latest trading day before pricing).
The Company’s American depositary shares (“ADSs”), each representing eight ordinary shares of the Company, will continue to be listed and traded on the New York Stock Exchange (“NYSE”). Upon listing in Hong Kong, the Hong Kong-listed shares will be fully fungible with the ADSs listed on the NYSE.
Alibaba Group Holding Limited announced that it generated RMB268.4 billion of gross merchandise volume on November 11, 2019, an increase of 26% compared to 2018.
Alibaba Group Holding Limited (BABA) today kicked off the 2019 11.11 Global Shopping Festival at midnight in China. In the first minute and eight seconds, GMV settled through Alipay reached US$1.0 billion (RMB7.0 billion). In the first hour, GMV settled through Alipay reached US$12.0 billion (RMB84.0 billion).
Alibaba Cloud, the data intelligence backbone of Alibaba Group, and Animal Logic, one of the world’s leading independent creative digital studios, have announced a partnership to meet the growing and demanding requirements of media production. Animal Logic has started backing-up its on-premise production content onto Alibaba Cloud’s world-class computing platform. Through this partnership, the parties hope to drive efficiencies of media production by utilising more cloud computing technologies.
Alibaba Group Holding Limited (BABA) today kicked off its 2019 11.11 Global Shopping Festival, taking the annual celebration into its second decade with a focus on “new consumption,” “new business” and actively contributing to a greener society. “Our goal is to stimulate consumption demand and support lifestyle upgrade in China through new brands and products.
Alibaba Group Holding Limited today announced that it will report its unaudited financial results for the quarter ended September 30, 2019 before the U.S. market opens on Friday, November 1, 2019, and will hold a conference call to discuss the financial results at 7:30 a.m.
Luohan Academy, an open-research initiative by Alibaba Group, celebrated its first anniversary in Hangzhou this week, gathering Nobel Laureates, renowned economists, social scientists, tech pioneers and professors from leading universities to tackle the disruptions and other issues we face from rapid digitization of the global economy. The Academy was established last year to address the economic consequences and social disruptions caused by a tech-driven economy. Complementing Alibaba’s DAMO Academy, a global research program for cutting-edge technologies, Luohan Academy examines the implications that digital technologies will have on societies in the future.
Alibaba Cloud, the data intelligence backbone of Alibaba Group, today held its inaugural Middle East and Africa (MEA) Internet Summit in partnership with UAE-based Artificial Intelligence (AI) and Cloud Computing leader Group 42. Drawing the participation of tech experts and executives from the region’s top 100 internet companies, the summit took place during the Ghyma Conference 2019. Among the distinguished guests were HE Saif Mohammed Al Hajri, Chairman of the Department of Economic Development Abu Dhabi, His Excellency Mohammed Gheyath, Executive Director Information Security Operations, Abu Dhabi Digital Authority, Ibrahim Ajami, Head of Mubadala Ventures, Peng Xiao, CEO of Group 42, and Selina Yuan, President of Alibaba Cloud Intelligence International.
Alibaba Group’s (BABA) Taobao and Tmall shattered multiple records during this year’s “6.18 Mid-Year Shopping Festival,” sating a rising demand from consumers in less-developed cities for quality products. Innovative marketing campaigns and tools provided by Alibaba’s core platforms during the 18-day campaign helped more than 110 brands each generate gross merchandise volume in excess of RMB100 million. Popular among brands of all sizes, Taobao livestreaming helped generated GMV of more than RMB13 billion.