|Bid||44.90 x 200|
|Ask||45.08 x 2700|
|Day's range||44.75 - 45.22|
|52-week range||29.88 - 50.68|
|PE ratio (TTM)||N/A|
|Earnings date||7 May 2018 - 11 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||51.86|
As China’s expanding middle-class population fuels demand for high-quality imported products, JD.com (JD) and Alibaba (BABA) are racing against each other to woo foreign brands to connect with Chinese consumers through their platforms. If a recent comment by JD’s cofounder and CEO, Richard Liu, is any indicator, the company could capitalize on Alibaba’s struggle with brand piracy to undercut it in competition to woo foreign brands looking to sell in China.
Last month, as part of its push to drive cross-border trade on its platforms, JD.com (JD) opened a regional headquarters for Australia and New Zealand in Melbourne, Australia. The move for a regional office in Australia came at a time when JD was seeing strong demand for Australian and New Zealand products on its e-commerce sites. China’s expanding middle-class population is driving demand for high-quality imported products, and JD and its rival Alibaba (BABA) are making efforts to meet this demand.
JD.com Inc's (JD.O) finance arm is looking to raise about 12 billion yuan (1.36 billion pounds) in fresh equity that could see its value double from last year to more than $20 billion, three people with knowledge of the matter said. The unit of China's second-largest e-commerce firm is seeking to deepen its push into areas such as securities, banking and insurance - businesses that have seen the entry of several new technology-focused players. The fundraising by JD Finance kicked off late last year and is expected to be finalised in the coming weeks, the people said, declining to be identified as details of the deal were not public.
China is preparing to launch depository receipts that would open the door to some of the country's top tech firms issuing a form of shares on the mainland, the state-run Shanghai Securities News said on Friday, citing a senior regulatory official. China depositary receipts (CDRs) will be launched "very soon", Yan Qingmin, vice chairman of the China Securities Regulatory Commission was quoted as saying. Depositary receipts are not technically shares, but allow investors to hold shares listed elsewhere.
Film production and digital entertainment is Alibaba’s (BABA) second-largest business, but it accounts for less than 10% of the company’s overall revenue. Alibaba’s entertainment business generated $832 million in revenue in fiscal 3Q18 (the quarter that ended in December 2017), representing a rise of 33%. The entertainment business contributed 6.5% of BABA’s overall revenue in the quarter.
E-commerce giant Alibaba Group Holding Ltd is working on a plan to list on a stock exchange in its home country, China, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Alibaba is evaluating ways in which its shares could be traded by investors on the mainland, the newspaper reported http://on.wsj.com/2peqrpb, adding that a secondary listing in China could happen as soon as this summer if the country's securities rules are changed to allow listings of foreign companies. "Since our IPO in the US, we have stated that if regulations allow, we would consider a listing in China," an Alibaba spokesperson told Reuters.
(Adds earnings and capex guidance, reform update) By Sijia Jiang HONG KONG, March 15 (Reuters) - Chinese telecom carrier China United Network Communications is targeting compounded annual profit growth ...
HONG KONG, March 15 (Reuters) - China Unicom (Hong Kong) Limited said on Thursday its net profit for 2017 nearly tripled on cost savings. China's second-biggest telecoms carrier by subscriber numbers had ...
SHANGHAI, March 14 (Reuters) - Most Chinese investors expect regulators to relax rules on initial public offerings (IPOs) by technology companies, and would like to invest in such domestic listings, the ...
Of Giosis’s many operations in Asia, eBay (EBAY) singled out the Japan business for purchase. The financial terms of the deal were not disclosed, but Bloomberg reported that eBay was paying $700 million to acquire the assets of Giosis in Japan. The investor reaction to eBay’s deal with Giosis was largely muted, with shares of eBay falling nearly 1.6% on the day it disclosed its purchase of Qoo10 and other Japanese assets of Giosis.
Alibaba, Tencent, JD.com, YY and 58.com, highly rated Chinese internet companies, now have proper bases and buy points. Let's look at the stock charts.
In 2018, China intends to improve supervision of its financial sector, according to an annual work report released recently by the country’s head of government, Li Keqiang. The report also included projections for growth and inflation in 2018, with China expecting its economy to expand ~6.5%. As part of China’s increasing supervision of its financial sector to reduce risks, it is expected to continue its crackdown on Internet finance and shadow banking, the practice of providing financial services under unregulated conditions.
Amazon (AMZN) was recently granted a pair of patents for a wristband tracker system, GeekWire reported. Amazon’s smart wristbands would track the hand movements of the wearer. By moving equipment to associates’ wrists, we could free up their hands from scanners and their eyes from computer screens,” Amazon said in a statement cited by GeekWire.
JD.com's (JD) fourth-quarter earnings are impacted by higher spending in growth areas including fulfillment centers and increasing competition from Alibaba.