|Bid||0.00 x 1100|
|Ask||0.00 x 800|
|Day's range||189.15 - 191.37|
|52-week range||147.50 - 211.70|
|PE ratio (TTM)||51.10|
|Earnings date||15 Aug 2018 - 20 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||251.16|
Chinese online group discounter Pinduoduo plans to raise up to $1.63 billion from a U.S. listing, its latest filing with the U.S. Securities and Exchange showed, in what would be the second-biggest U.S. float by a Chinese firm this year. Pinduoduo plans to sell about 85.6 million American Depositary Shares in an initial public offering (IPO) at a price range of $16 to $19 each, its filing late on Monday showed. Two of the firm's main existing shareholders - Tencent Holdings Ltd and Sequoia Capital - have each indicated an interest in buying up to $250 million worth of shares in the IPO, according to the filing.
Henry Xia jumps into the burnt toast-colored electric car he helped build as co-founder of Xpeng Motors Technology Ltd. and commands it to play Green Day’s “21 Guns.” He asks the car about traffic conditions and starts driving. What the four-year-old startup has is backing from tech giants Alibaba Group Holding Ltd., Foxconn Technology Group and Xiaomi Corp. founder Lei Jun. Xpeng expects to raise more than $600 million this month from investors that include Alibaba, valuing it close to $4 billion, according to a person familiar with the fundraising.
July 16 (Reuters) - Alibaba Pictures Group Ltd: * ALIBABA GROUP HOLDING TO PROCURE SERVICE PROVIDERS (BEING AGH AND ITS AFFILIATES) TO PROVIDE TECHNOLOGY SERVICES TO CO Source text for Eikon: Further company ...
Ele.me, the food delivery platform acquired by Alibaba Group Holding Ltd., is on the hunt for $2 billion of new financing to help in its fight against Meituan Dianping, people familiar with the matter said. The Chinese company is seeking funds from potential investors such as venture capital firms to expand a business that’s burning enormous amounts of cash, according to the people, who requested not to be named because the matter is private. While it’s unclear how big a stake is available in Ele.me, which was valued at $9.5 billion in April’s Alibaba acquisition, investors would get a piece of a company that’s a candidate for a future initial public offering, the people added.
The tense climate between the US and China, which has seen the two largest world economies target each other with trade restrictions, is worrying Chinese e-commerce giant JD.com (JD). The trade tensions have forced JD to pause its US expansion plans, the company’s founder and chief executive officer, Richard Liu, told CNBC last month.
Online retailers are increasingly using self-made shopping holidays to fuel sales, and JD.com (JD) is keeping up with the trend. While Amazon (AMZN) has its Prime Day and Alibaba (BABA) has Single’s Day, JD has its 618 Shopping Festival, which commemorates its founding on June 18.
TOKYO/SINGAPORE (Reuters) - U.S. hedge fund Tiger Global has built a stake worth over $1 billion (757 million pounds)in SoftBank Group Corp (9984.T) as it considers the Japanese firm undervalued, a source with direct knowledge of the matter said, driving SoftBank shares up as much as 6.8 percent. The bump added nearly $6 billion to SoftBank's market capitalization, narrowing the gap between the company's limited valuation as a conglomerate and the valuation that the company says it deserves, thanks to its rich investments. The Japanese tech and telecoms firm, which holds a nearly 30 percent stake in Chinese e-commerce giant Alibaba (BABA.N), has recently started taking action to address the issue, including preparing a listing of its domestic telecoms unit.
Alibaba Group Holding stock has fallen 10% from its recent record high as investors ditched it and shares of other Chinese companies amid an intensifying trade dispute. Put options confer the right to sell stock at a designated date and price, known as a “strike.” Call option contracts give investors the right to buy shares at such a strike price.
Chinese tech giants aren’t the hot hedge fund favorites they once were. Alibaba and Tencent are giving way to a new crop of top picks: smaller non-Chinese companies that have been quietly surging even as valuation worries and market jitters have weighed down the behemoths. Among the winners are Taiwan’s Wiwynn Corp. and Yageo Corp., whose shares have more than tripled in 2018, and San Mateo, California-based Coupa Software Inc., whose shares have doubled.
Alibaba (BABA) recently struck a deal to buy a stake in Turkey-based online marketplace Trendyol. In addition to the Turkish market, Trendyol also serves the Middle East/North Africa region. Although financial details of the deal were not disclosed, a joint statement by Alibaba and Trendyol said it was the largest Internet transaction in Turkey to date.