Tag Archives: baba

Alibaba Analysts Upbeat Ahead Of Post-IPO Earnings

Several analysts recently initiated coverage of Alibaba Group (BABA), ahead of its Q3 earnings due before the open Tuesday, with buy or equivalent ratings. Analysts polled by Thomson Reuters expected revenue of $2.6 billion and earnings per share minus items of 45 cents for the China e-commerce leader’s fiscal second quarter ended Sept. 30. RBC Capital Markets, in a research report, expected 49% growth in revenue for Alibaba from the year-earlier

Video: Alibaba Analysts Upbeat Ahead Of Earnings

Several analysts recently initiated coverage of Alibaba Group (BABA), ahead of its Q3 earnings due before the open Tuesday, with buy or equivalent ratings. Analysts polled by Thomson Reuters expected revenue of $2.6 billion and earnings per share minus items of 45 cents for the China e-commerce leader’s fiscal second quarter ended Sept. 30. RBC Capital Markets, in a research report, expected 49% growth in revenue for Alibaba from the year-earlier

Alibaba’s U.S. Startup Stakes Offer Strategy Clues

While it may make a U.S. mega-acquisition, Alibaba is also pursuing a lower-key strategy here: investing in promising U.S. tech startups. The exact purpose of its investments is unclear. Some appear aimed at tapping technology that Alibaba Group (BABA) needs to compete vs. Chinese Internet giant Tencent (TCEHY) and other rivals. Others may be more strategic and have a long-term focus on the U.S. and other markets. One key area seems to be mobile