BABA Jun 2020 105.000 put

OPR - OPR Delayed price. Currency in USD
0.8500
0.0000 (0.00%)
As of 2:19PM EST. Market open.
Stock chart is not supported by your current browser
Previous close0.8500
Open0.7700
Bid0.7200
Ask0.8800
Strike105.00
Expiry date2020-06-19
Day's range0.7700 - 0.8500
Contract rangeN/A
Volume6
Open interest1.02k
  • 5 ETFs to Tap Alibaba's Record Singles' Day Sales
    Zacks

    5 ETFs to Tap Alibaba's Record Singles' Day Sales

    At the end of the Singles' Day event, Alibaba's GMV was 268.4 billion yuan (about $38.3 billion), up about 26% from last year's $30.5 billion.

  • Alibaba-backed EV startup XPeng raises nearly $400 million for growth: sources
    Reuters

    Alibaba-backed EV startup XPeng raises nearly $400 million for growth: sources

    HONG KONG/BEIJING (Reuters) - Chinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holding Ltd, has raised nearly $400 million from investors including Xiaomi Corp to fund its growth, said two people with knowledge of the matter. The fundraising comes at what bankers and industry insiders describe as an increasingly tough financing environment for Chinese EV startups which must jostle for attention in a crowded sector and produce convincing arguments about future profitability despite government cuts to EV subsidies and plans to phase them out. The dollar fundraising comes as Guangzhou-based XPeng, which has mostly raised yuan-denominated capital, mulls going public in the coming years, with New York among one of possible listing venues, the people said.

  • Alibaba-backed EV startup XPeng raises nearly $400 million for growth - sources
    Reuters

    Alibaba-backed EV startup XPeng raises nearly $400 million for growth - sources

    HONG KONG/BEIJING (Reuters) - Chinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holding Ltd , has raised nearly $400 million (£312.6 million) from investors including Xiaomi Corp to fund its growth, said two people with knowledge of the matter. The fundraising comes at what bankers and industry insiders describe as an increasingly tough financing environment for Chinese EV startups which must jostle for attention in a crowded sector and produce convincing arguments about future profitability despite government cuts to EV subsidies and plans to phase them out. The dollar fundraising comes as Guangzhou-based XPeng, which has mostly raised yuan-denominated capital, mulls going public in the coming years, with New York among one of possible listing venues, the people said.

  • Tencent Falls $90 Billion Behind Alibaba After NBA China Row
    Bloomberg

    Tencent Falls $90 Billion Behind Alibaba After NBA China Row

    (Bloomberg) -- Just a year ago, Tencent Holdings Ltd. locked up one of the most coveted media franchises in the country when it paid $1.5 billion for five years of exclusive streaming rights to National Basketball Association games. A single tweet changed all that.Now, the Chinese social media giant may have to suspend airing those matchups -- which drew half a billion viewers last year -- after Houston Rockets General Manager Daryl Morey triggered a media blackout in China by tweeting support for Hong Kong’s pro-democracy protests. That sums up a disappointing 2019 for a company that looked like it was back on track after a horrendous 2018.At stake now for Tencent are billions of dollars in ad and subscription revenue, along with its strategy of becoming a go-to online destination for entertainment beyond gaming. Tencent was supposed to hit the comeback trail this year after a nine-month freeze on game approvals gutted its most profitable business in 2018. But a sharp Chinese economic slowdown, competition from up-and-comer ByteDance Inc. for internet traffic and advertising, and now tricky political considerations is snarling that recovery. That’s a key reason its stock has vastly under-performed arch rival Alibaba Group Holding Ltd. this year, creating a gap of more than $90 billion in their market valuation.“One of China’s biggest companies, who does everything right politically, stands to lose billions due to the political issues outside of its control,” Mark Tanner, founder and managing director of Shanghai-based consultancy China Skinny. “We’ve seen how the company has toed the line with the gaming rules recently and I expect they will be even more careful with this one.”Read more: Tencent-Against-Alibaba Bet Could Have Made 29% This YearPolitical issues aside, Tencent’s 2019 has not gone as well as investors anticipated. The company is projected to report barely any growth in net income when it announces September-quarter results Wednesday, because revenue growth is barely keeping up with the pace of spending on ever-costlier content and servers for its cloud and media services.Read more: Tencent Gets ‘Wakeup Call’ From China’s Assertions of PatriotismBut things are improving in its core gaming business, which still yields the majority of Tencent’s revenue. Widely ridiculed at the outset because of built-in party propaganda slogans -- the military advised on the project -- and family friendly gore-free rubric, 2019’s Peacekeeper Elite evolved into a breakout hit approaching the scale of longstanding cash cow Honour of Kings. Tencent’s shares climbed 2.2% Tuesday after Sensor Tower data showed the company’s gaming revenue gained 13% during the week of Oct. 28, led by Peacekeeper Elite.Yet uncertainty shrouds the division as well. Earlier this month, state media reported that the nation’s publications regulator will cap online game playing time at 1.5 hours per day for children, a big demographic for Tencent’s mobile games.What Bloomberg Intelligence Says“Tencent may deliver accelerating growth for its mobile games business, but its online advertising segment could stay tepid. 3Q mobile games’ sales growth could be the strongest in six quarters, based on Sensor Tower estimates. This is likely to be driven by the resilience of Honour of Kings, explosive growth of Peacekeeper Elite, and the low comparison base from 3Q18 stemming from China’s freeze on game approvals in March 2018.”\- Vey-Sern Ling, analystClick here for the research.The WeChat operator has lost $86 billion of market value since its April peak, and in October tested a key support level -- which would have precipitated a sharp and longer-term downtrend. At the time, trading floors were abuzz with talk about generally souring sentiment from investors in China, as well as concern that Tencent’s decision to resume live-streaming NBA games may backfire.Longer term, the worry is that Tencent may be losing its golden touch.ByteDance came out of nowhere in 2017 to humiliate the social media titan, betting presciently on the short-video craze that birthed its Douyin and TikTok apps and forcing Tencent to mimic its much smaller rival. ByteDance is now flooding the market with ad inventory, depressing prices for incumbents such as Tencent and Baidu Inc.That’s important because Tencent looks at advertising as a potential growth catalyst, given its lower ad load relative to its rivals -- and ByteDance has shown that the Chinese company can’t predict every trend or potential rival.The NBA brouhaha “places further pressure on Tencent’s advertising revenue. More broadly, Tencent’s advertising business faces structural declines in video advertising revenue and increased competition from ByteDance,” said Michael Norris, research and strategy manager at Shanghai-based consultancy AgencyChina.Read more: TikTok Owner ByteDance Aims to Build Global Reach Before IPO(Updates with weekly gaming and shares in the seventh paragraph)To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Tencent Should Be Split Up
    Bloomberg

    Tencent Should Be Split Up

    (Bloomberg Opinion) -- China’s most ubiquitous company is hiding one of its most valuable assets. That needs to change.Tencent Holdings Ltd., best known for the WeChat messenger that almost everyone in the country uses, has a growing fintech business. But it’s getting overshadowed by the games and social media divisions. By spinning it off into a new company, with a move to a separate listing, management could unlock as much as $230 billion in value. That would make the entity China’s fourth-largest listed company and the world’s sixth-biggest financial services firm.Such a move could help Tencent retake some of the limelight that it’s about to share with Alibaba Group Holding Ltd. once that company lists in Hong Kong. Alibaba’s fintech unit, Ant Financial Services Group, already functions as a separate business with the e-commerce giant holding a 33% stake. At Tencent, fintech and business services accounted for 26% of revenue last quarter. The Shenzhen-based company is due to report third-quarter earnings late Wednesday.I estimate that revenue from Tencent’s fintech business grew in excess of 70% last year.(1)  The vast majority of that was payments. Yet Tencent also offers other products such as wealth management and has a 30% stake in WeBank, China’s first online-only bank, which was founded five years ago. Data on its fintech profits are hard to ascertain, yet information disclosed by Alibaba shows that Ant Financial was unprofitable last year, so Tencent could be in a similar boat. That’s not necessarily a bad thing. The two rivals are startups in the classic sense, using fast revenue growth driven by marketing and incentives to gain ground fast. A major reason why both have lost money in recent years is due to low take rates, the commissions received from processing payments, because they’ve offered discounts to consumers and merchants. A turnaround could be near, Sanford C Bernstein senior analyst David Dai wrote in a recent series on China’s fintech sector. He estimates that a maturing market will ease cut-throat competition and allow both companies to take a greater share of the money that sloshes through their payments platforms.As a result, Tencent’s payment business (TenPay) alone could be worth $137 billion, compared to $127 billion for Ant’s AliPay, the Bernstein team figures. HSBC Holdings Plc uses two methodologies(2) to come up with an estimated value of around $128 billion. Throw in the other products, and Bernstein calculates a base-case valuation for Tencent’s fintech unit of $160 billion, going as high as $230 billion. This indicates that 40% to 58% of Tencent’s current market cap is locked up in this hitherto hidden division. Bernstein has a base case of $210 billion for Ant, reaching as high as $320 billion.Payments spinoffs have proven to be lucrative in the past. EBay Inc. proved it with PayPal Holdings Inc. in 2015, with the latter posting a 177% normalized return since then, outpacing the 145% rise in the S&P Data Processing sub-index which includes Visa Inc. and Mastercard Inc. PayPal also trounced both eBay (35%) and the S&P 500 (49%). Square Inc., another payments provider, has been one of the hottest stocks of the past decade, returning more than 590% since its initial public offering in 2015.A more recent example comes from India, where Walmart Inc. is reported to be spinning off payments business PhonePe from local e-commerce company Flipkart Group, which it acquired last year. That transaction could turn a $20.8 billion startup into two unicorns with a combined value of more than $30 billion. Tencent doesn’t need to rush to list this fintech unit. Appetite for mega IPOs is likely to be satiated by Alibaba’s Hong Kong listing and that of Saudi Aramco over the next few months. And there’s a long runway of big startups ready for their moment in the sun. By merely making it a separate entity, management can signal intent and allow investors to start re-rating Tencent’s stock accordingly.An offering may not even be necessary, since Tencent is already sitting on more cash than it needs. Instead, the company could distribute shares in Tencent Fintech to existing shareholders, and then directly list the stock. That’s similar to the approach advocated by activist investor Dan Loeb for a Sony Corp. split.Tencent is sitting on a bright light in this fintech unit. Time to let it shine.(Updates to include reference to third-quarter earnings schedule in third paragraph.)(1) The "others" category includes fintech, cloud, film & TV. Tencent noted that fintech is the major component and gave a figure for cloudbut not content.(2) HSBC Approach 1: valuation per user. Approach 2: Using Tencent operating margins applied to its payments business, then comparing to peers.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Singles Day 2019: Alibaba Sets New Sales Record
    Zacks

    Singles Day 2019: Alibaba Sets New Sales Record

    Singles Day is hosted every year by Chinese e-commerce giant Alibaba (BABA), and the company just hit a new sales record for the event.

  • Alibaba Group Generated RMB268.4 Billion (US$38.4 Billion) of GMV During the 2019 11.11 Global Shopping Festival
    Business Wire

    Alibaba Group Generated RMB268.4 Billion (US$38.4 Billion) of GMV During the 2019 11.11 Global Shopping Festival

    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 Seals $38 Billion Singles’ Day Sales Record
    Bloomberg

    Alibaba Seals $38 Billion Singles’ Day Sales Record

    (Bloomberg) -- Alibaba Group Holding Ltd. logged more than 268 billion yuan ($38.3 billion) of purchases during its Singles’ Day bonanza, exceeding last year’s record haul after a 24-hour shopping marathon.An estimated half-billion shoppers from China to Russia and Argentina swarmed the e-commerce giant’s sites to scoop up everything from Apple Inc. and Xiaomi Corp. gadgets to Ugandan mangoes. The company again hosted a televised entertainment revue in Shanghai to run alongside the bargain-hunting, this time enlisting Taylor Swift and Asian pop icon G.E.M. to pump up sales.The world’s largest shopping event has become an annual ritual for Asia’s largest company, part showcase of commercialism and part publicity blitz. Also referred to as “Double 11” because it falls on Nov. 11, it’s closely watched by investors keen to gauge how willing Chinese consumers are to spend as economic growth threatens to slip below 6%.Tensions between Washington and Beijing continue to fuel uncertainty and roil global commerce. Among China’s largest corporations, Alibaba is expected to better ride out the storm, thanks to booming online consumption in the world’s No. 2 economy. On Sunday, Alvin Liu, a Tmall general manager, said Alibaba doesn’t expect any impact on its cross-border import business from an ongoing trade spat.“Alibaba will probably be the one that will be able to circumvent and come out from the trade war in better shape” versus Baidu Inc. and Tencent Holdings Ltd., Richard Wong, head of ICT for the Asia Pacific at Frost & Sullivan, told Bloomberg Television. “The current sentiment and confidence in terms of spending is still relatively high.”While Alibaba and its rivals routinely trumpet record sums in the event’s aftermath, it’s unclear how much Nov. 11 sales actually will contribute to the bottom line given the enormous discounting involved. A good result however could bolster Alibaba’s effort to raise as much as $15 billion in a landmark Hong Kong share sale this month, according to people familiar with the matter.Singles’ Day emerged as a uniquely Chinese antidote to the sentimentality surrounding Valentine’s Day. Emerging on college campuses across the country, it takes its name from the way the date is written numerically as 11/11, which resembles “bare branches,” a local expression for the unattached.It’s now become an excuse for people to splurge. Last year, sales at Alibaba climbed 27% to 213.5 billion yuan, equivalent to $30.7 billion at the time. This time, purchases grew 26% from the year earlier. More merchandise is sold online over the 24-hour period than during the five-day U.S. holiday buying spree that begins on Thanksgiving and ends on Cyber Monday.Alibaba’s U.S. traded shares were down 1.9% Monday to $183.70 at 11:25 a.m. in New York.Alibaba saw 100 million new users join the shopping festival this year, according to Jiang Fan, president of the company’s e-commerce marketplaces Taobao and Tmall.“This is the power of expanding into less developed regions,” he said. “We hope this event can help more factories and farmers.”Read more: Alibaba Said to Seek Up to $15 Billion in Hong Kong ListingIt’s Time for Alibaba to Slay Jack Ma’s Monster: Tim CulpanBut the company faced stiff competition this year from smaller platforms including JD.com Inc. and Pinduoduo Inc. -- the aggressively expanding upstart that’s encroaching on the market leaders’ turf. They vied for the wallets of Chinese shoppers particularly in relatively untapped rural areas. All employ heavy discounting and hard-sell tactics in the run-up to and during the 24 hours in a bid to best the previous year’s record.“Overall, we think this year will likely see a more competitive Double 11 period,” Ella Ji, an analyst at China Renaissance Holdings Ltd., said in a report. “We anticipate each platform will spend more on subsidies.”Daniel Zhang, who took over as Alibaba chairman from billionaire Jack Ma in September, pioneered the show in its present form in 2015. The Singles’ Day impresario passes the baton this year to Fan, a potential successor to Zhang himself.“Over the years, we’ve seen consumers become more diverse and younger. Each generation of consumers needs their own peers to serve them,” Zhang said in a post on Alibaba’s blog. “I think this young team is the future.”The 2019 edition came with slight twists to the formula. Alibaba, stung by criticism it harmed the environment by shipping an estimated 1 billion packages in a single day -- has enjoined its logistics arm Cainiao to set up recycling centers at 75,000 locations. It says it will also work with courier companies to pick up used boxes and wrapping.An expansion into Southeast Asia and less-developed areas in China plus newer services -- such as transactions on food delivery site Ele.me, grocery store chain Hema and travel service Fliggy -- bolstered the total. The company also brought in livestreamers including Kim Kardashian to appeal to younger buyers.Other aspects remained the same. Singles’ Day has always been an opportunity for Alibaba to test the limits of its cloud computing, delivery and payments systems. Leaving little to chance, Alibaba sent teams across the nation ahead of Nov. 11 to help myriad outlets prepare for the festival. Some 200,000 brands had been expected to participate in 2019‘s edition of the festival.“Singles’ Day is becoming popular outside of China, especially in the ASEAN region,” said Patrick Winter, Ernst & Young Asia Pacific managing partner. “You’re also seeing how it’s growing in smaller cities in China.”(Updates with new user number in tenth paragraph.)To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Molly Schuetz, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Factors Setting the Tone for NetApp's (NTAP) Q2 Earnings
    Zacks

    Factors Setting the Tone for NetApp's (NTAP) Q2 Earnings

    NetApp's (NTAP) fiscal second-quarter earnings are likely to reflect strength in hybrid multi-cloud solutions, Cloud Data Services and Private Cloud offerings amid stiff competition.

  • Police shooting rattles Hong Kong markets, investors count on Alibaba listing
    Reuters

    Police shooting rattles Hong Kong markets, investors count on Alibaba listing

    Hong Kong's share index lost almost 3% as unrest in the Asian financial hub worsened on Monday, with police firing live rounds at anti-government protesters on the eastern side of island and firing tear gas at protesters in the Central business district. Investor sentiment suffered after a police officer shot and wounded one protester before trading commenced. The market had already been set for a shaky start after U.S. President Donald Trump said on Friday he has not agreed to roll back tariffs on Chinese goods as Beijing suggested last week.

  • Factbox: China's love of e-commerce powers Alibaba's Singles' Day
    Reuters

    Factbox: China's love of e-commerce powers Alibaba's Singles' Day

    China's dominant e-commerce firm Alibaba Group Holding raked in $23 billion worth of sales in the first nine hours of its annual Singles' Day shopping extravaganza on Monday, setting records as the event celebrates its 11th year. The 24-hour shopping event is akin to Black Friday and Cyber Monday in the United States and has become a highlight of China's e-commerce industry, with other retailers running concurrent promotions. This year, Alibaba netted $1 billion in sales in the event's first 68 seconds.

  • Alibaba's Singles' Day sales hit record $38 billion; growth slows
    Reuters

    Alibaba's Singles' Day sales hit record $38 billion; growth slows

    Chinese retailer Alibaba Group Holding Ltd's sales for its 24-hour Singles' Day shopping blitz hit a record $38.4 billion, more than U.S. rival Amazon.com Inc's haul last quarter from online store sales. The event https://tmsnrt.rs/2WTFm7V, a gauge of Chinese consumer sentiment, has also become a shop window this year for Alibaba as it plans to sell $15 billion worth of shares in Hong Kong this month. Alibaba turned China's informal Singles' Day into a shopping event in 2009 and built it into the world's biggest online sales fest, dwarfing Cyber Monday in the United States which took in $7.9 billion last year.

  • Investing.com

    Alibaba’s Annual Singles’ Day Shopping Bonanza Off to Flying Start

    Investing.com - Alibaba Group Holdings Ltd (NYSE:BABA)’s annual Singles’ Day is off to a scorching start, hitting 84 billion yuan ($12 billion) in the first hour, up 22% from last year’s early haul of 69 billion yuan.

  • Business Wire

    Alibaba Group Generated US$12 Billion of GMV in the First Hour of the 2019 11.11 Global Shopping Festival

    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).

  • It's Time for Alibaba to Slay the Monster Jack Ma Created
    Bloomberg

    It's Time for Alibaba to Slay the Monster Jack Ma Created

    (Bloomberg Opinion) -- Alibaba Group Holding Ltd. should put its Singles’ Day shopping extravaganza out to pasture.The Nov. 11 annual event, which has been going for a decade, started as a marketing gimmick for an upstart e-commerce company looking to draw a crowd. And it did. The 24-hour shopping period, during which Alibaba and its vendors offer big discounts while celebrities (Taylor Swift this year) jet in to entertain crowds, is focused on one number: gross merchandise value, a fancy word for turnover, or the amount of money that sloshes through the cyber cash registers of the company’s e-commerce platforms.GMV grew more than 4,000 times between 2009 and 2018, hitting $30.8 billion last year. But the metric is meaningless. There are ways to juice the figure, and it has almost zero correlation with Alibaba’s revenue or profit. In fact, Alibaba stopped reporting GMV in its quarterly financials two years ago (though it still references growth in the number).“It doesn’t represent our true identity, and overemphasizing it makes people just think about e-commerce,” founder and then-Chairman Jack Ma said at the 2016 shopping gala. Yet the company went ahead and shouted those numbers from the rooftops the following year. And the year after. “Eye-popping numbers,” Alibaba said of last year’s record.I suspect this is because without a shiny big new number, the event would lose its luster. That in turn has created a spur to find new ways to inflate the figure, such as taking orders early, avoiding processing refunds on that day, and offering incentives to transact. News that Alibaba is moving ahead with plans to raise as much as $15 billion selling shares in Hong Kong adds further impetus for the company to report a bumper Nov. 11.It isn’t as though Alibaba invented Singles’ Day. Represented by the 11/11 date, it has been around since at least the early ’90s as a student celebration of single life. Ma and a little-known executive named Daniel Zhang simply commercialized it, similar to the way retailers turned Valentine’s Day into a smorgasbord of cheap chocolates, fluffy toys, and bad dates.These aren’t the only ridiculous shopping festivals. Black Friday and Cyber Monday are as absurd, but neither is so driven by one company. (Cyber Monday is reportedly the brainchild of a U.S. retail association).Alibaba doesn’t want to be just an e-commerce company anymore. Zhang, who has risen through the ranks and took over as chairman from Ma two months ago, is hoping to lean more heavily on new businesses such as cloud computing, digital media and entertainment, offline retail, and local services such as deliveries.But the company cannot move into the post-Jack era if it keeps focusing on GMV. As long as the annual shopping event persists with a singular focus on sales numbers and gimmicky discounts, then the entire company, and its investors, will be stuck with the mindset that Alibaba is merely an e-commerce company.“If we don’t kill our existing business, someone else will,” Zhang said in an interview with Bloomberg Businessweek in September. Zhang is right. And he knows what he needs to do.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Alibaba Reportedly Moves Ahead with Hong Kong IPO Plans
    Bloomberg

    Alibaba Reportedly Moves Ahead with Hong Kong IPO Plans

    Nov.11 -- Alibaba Group Holding Ltd. is moving ahead with plans to raise as much as $15 billion in a Hong Kong share sale, according to people familiar with the matter. Bloomberg's Selina Wang has the story at Alibaba's Hangzhou Headquarters on Singles' Day.

  • Chinese Consumers Are Getting More Sophisticated, Says WPIC’s CEO
    Bloomberg

    Chinese Consumers Are Getting More Sophisticated, Says WPIC’s CEO

    Nov.10 -- Jacob Cooke, co-founder and chief executive officer at WPIC, discusses Alibaba Singles’ Day and the health of the Chinese consumer. He speaks on “Bloomberg Markets: China Open.”

  • Alibaba Is Taking Share From Offline Markets, Says Blue Lotus’s Yang
    Bloomberg

    Alibaba Is Taking Share From Offline Markets, Says Blue Lotus’s Yang

    Nov.10 -- Shawn Yang, deputy head of research at Blue Lotus Capital Advisors, discusses Alibaba’s Singles’ Day and his outlook for China’s retail sector. He speaks on “Bloomberg Daybreak: Asia.”

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