Tag Archives: baba

Alibaba Launches ShopRunner U.S. Retail Partnership

Alibaba has launched a long-awaited joint service with ShopRunner, a U.S. rival of Amazon that lets Chinese consumers order products directly from the websites of big U.S. brands that are ShopRunner partners. Alibaba (BABA) holds a 39% stake in ShopRunner. A ShopRunner spokesperson told IBD the new service, which ships products ordered from U.S. e-commerce sellers directly to China, began Thursday with the announcement of the U.S. firm’s tie-up

GoPro expected to enter China through Alibaba this month

Get ready for a lot of extreme sports videos from Tiananmen Square and the Great Wall of China. Action camera maker GoPro (GPRO) will enter China later this month through Chinese online retailer Alibaba (BABA), Brightwire reporter Ding Chenjie said in a post Wednesday on Twitter. The news brings together two of the hottest IPOs in recent times. GoPro went public on June 26 at 24 and now trades near 79. Alibaba went public on Sept. 19 at 68 and and trades near 109. In the third quarter, GoPro generated 73.2% of its sales in the Americas region. Its second largest market is the Europe, Middle East and Africa region, with 18.2% of Q3 sales. The Asia Pacific region generated the remaining 8.6% of sales in the September quarter. On a conference call with analysts on Oct. 30, GoPro CEO Nicholas Woodman said, “We look at Europe and APAC…

Alibaba Revenue Growth Accelerates On Mobile Gains

Alibaba Group stock hit a new high Tuesday after China’s e-commerce leader reported accelerating revenue growth with strong gains in mobile and user engagement. Investors looked past decelerating earnings growth and shrinking profit margin, as Alibaba (BABA) shares rose 4% to 106.07, a new high for a second straight day. The stock has risen 28% since its post-IPO low set on Oct. 15. Alibaba earned 45 cents a share minus items,