|Bid||84.43 x 800|
|Ask||84.55 x 900|
|Day's range||83.24 - 84.57|
|52-week range||58.01 - 125.84|
|Beta (5Y monthly)||0.65|
|PE ratio (TTM)||20.29|
|Earnings date||02 Aug 2023 - 07 Aug 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||140.31|
Earnings estimates for Vipshop have moved sharply higher since the beginning of 2023
The latest investor updates on stocks that are trending on Monday.
Investing.com -- Shares in Asos PLC (LON:ASOS) surged by almost 10% on Monday after the fast fashion retailer reportedly received a bid from Turkish rival Trendyol late last year.
When Alibaba (NYSE: BABA) reported results for its fiscal 2023 fourth quarter (ended March 31), they were a bit of a mixed bag. As of this writing, Alibaba shares are down a jaw-dropping 75% from their peak, which was set in October 2020. While it's been beaten down, this growth stock is one that investors should consider buying now.
Chinese stocks rose today on the belief that the Chinese government may soon inject more stimulus into the economy.
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Zacks.com users have recently been watching Alibaba (BABA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Shares of the large Chinese tech conglomerate Alibaba Group (NYSE: BABA) traded more than 4.5% higher in the final hour of trading today, as the company rolled out its version of the generative artificial intelligence technology ChatGPT. The AI technology can also create a variety of different content with accuracy and creativity not yet previously seen. Companies that have rolled out their own version of the technology or announced that they plan to incorporate the technology into their business tend to see their stock prices rise on investor excitement.
Alibaba (NYSE: BABA), the Chinese tech conglomerate, surprised everyone when it announced its decision to spin off its cloud-computing business. Most investors did not see that coming since the cloud business has been a highly prized segment within Alibaba, and investors expected the parent to remain in control of this business for the foreseeable future. Alibaba's cloud computing has been a rising star as it enjoys the tailwind of a growing cloud-computing industry in China.
(Bloomberg) -- Alibaba Group Holding Ltd. is integrating its most advanced artificial intelligence system into its Slack-like DingTalk messaging app and a meeting assistant named Tingwu.Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesApple’s $3,499 Vision Pro Headset Will Test Marketing MightMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyApple Headset Looks Sleek in Person But Battery Pack Stands OutA Wall Street Titan Scores One of the Best Rea
Fool.com contributor and finance professor Parkev Tatevosian compares Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD) to determine which is the better buy for long-term investors. *Stock prices used were the afternoon prices of May 28, 2023.
Pinduoduo's (NASDAQ: PDD) stock surged 19% on May 26 after the Chinese e-commerce company posted its first-quarter report. Pinduoduo is still clearly growing much faster than its two closest e-commerce competitors, Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD). Pinduoduo was founded in 2015, and it quickly gained ground against Alibaba and JD by selling discount products across China's lower-tier cities.
(Bloomberg) -- As famed money manager Michael Burry made headlines boosting bullish bets on stocks including Alibaba Group Holding Ltd. in the first quarter of this year, other top hedge funds were also piling in. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesMoscow Hit by Biggest Drone Attack as Russia Blames UkraineTaiwan Rushes to Prevent China From Cutting Internet, PhonesWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184
In this video, I will go over Pinduoduo's (NASDAQ: PDD) recent earnings report and what this means for Alibaba going forward. *Stock prices used were from the trading day of May 26, 2023. The video was published on May 28, 2023.
Alibaba's (NYSE: BABA) stock has had a tough time in the last two years as the company faced declining growth and increasing competition. Alibaba recently announced a variety of steps to enhance shareholder value. Two strategic moves in particular could create significant value for investors.
Alibaba is sometimes called the Amazon of China because the two companies have similar business models.
It has been a wild few years for Alibaba (NYSE: BABA). More recently, the company announced results for the fiscal 2023 fourth quarter (ended March 31) that missed analyst estimates for sales, but beat on earnings per share. In the fourth quarter of 2023, 74% of Alibaba's total revenue came from the China and International Commerce groups.
Alibaba (NYSE: BABA) captures a meaningful part of its revenue and operating income from consumer activity in China. Fool.com contributor and finance professor Parkev Tatevosian discusses how Alibaba plans to benefit from the Chinese economic reopening.
Fool.com contributor and finance professor Parkev Tatevosian discusses the big news from Alibaba (NYSE: BABA) that has everyone talking about the company. *Stock prices used were the afternoon prices of May 23, 2023.
SHANGHAI (Reuters) -Alibaba Group Holding Ltd said on Thursday it planned to hire 15,000 people this year, dismissing rumours circulating on Chinese social media in recent days that the company planned to cut 20% of its workers. In a post on the firm's official Weibo account, Alibaba said that among the 15,000, more than 3,000 people would be newly-graduated students. Alibaba's cloud unit has started a round of downsizing that will impact 7% of the staff as it streamlines its business in preparation for an IPO, a source familiar with the matter said on Tuesday.
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Despite mixed earnings reports from Chinese tech giants like Baidu, Alibaba and Tencent, analysts remain optimistic about the future of China's tech sector.
HONG KONG (Reuters) -A Chinese court has ordered an Alibaba Group unit that developed the hit mobile game "Three Kingdoms Tactics" to pay NetEase Inc 50 million yuan ($7.2 million) in compensation over copyright infringement, according to a statement from NetEase. "Three Kingdoms Tactics" is Alibaba's most profitable game, earning more than $1.97 billion from player spending since launching in 2019, according to data firm App Magic.
(Bloomberg) -- Alibaba Group Holding Ltd.’s cloud division has begun a round of job cuts that could reduce its staff by about 7%, part of an overhaul aimed at preparing the once fast-growing unit for a spinoff and eventual IPO.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksXi Upends the Secretive World of $10,000-an-Hour China ExpertsWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutLuxury Stocks Lose $30 Billion in One Day on Demand FearsWorld’s Bigges