Tag Archives: baba

Yahoo Handed Its Third Downgrade Since Alibaba IPO

RBC Capital Markets became the third investment bank to downgrade consumer Web portal Yahoo (YHOO) this week, saying the troubled company is no longer benefitting from Alibaba (BABA) now that the China Internet giant’s IPO has passed. RBC downgraded Yahoo on Thursday to sector perform and set a price target of 44. On Monday, Sanford C. Bernstein downgraded Yahoo stock to market perform from outperform, while Bank of America downgraded Yahoo stock

Alibaba’s Jack Ma more popular online than movie star Jet Li

You may not be surprised to hear that Alibaba’s (BABA) chairman and founder Jack Ma is China’s richest man. But did you know he’s also one of that country’s top social media bloggers, with 15.8 million followers on Sina Weibo, the dominant microblogging website? Ma, who owns a stake in Sina Weibo, has more people checking out his blog posts than does China’s cinematic superstar and investor Jet Li, who boasts only 13.4 million on the rival Tencent Weibo microblogging platform. But kung fu artist Li is No. 1 on Tencent Weibo. Sina Weibo and Tencent Weibo are Chinese versions of Twitter (TWTR) Sina Weibo is run by Chinese online media giant Sina (SINA). Ma’s social media ranking was included in a report by Shanghai-based magazine publisher Hurun Research Institute , which yesterday also anointed Ma as mainland China’s richest man with an estimated worth of $25 billion. The Hurun…

Will Alibaba Use War Chest To Target Cloud Computing?

Alibaba Group (BABA) would face big challenges taking on U.S. cloud computing service giants, which have boosted capital spending to expand data centers globally, says Oppenheimer. A TechCrunch report speculated that Alibaba, which raised $25 billion in its initial public offering on Friday, could use its war chest to challenge Amazon Web Services, part of e-commerce leader Amazon.com (AMZN); Google (GOOGL) and Microsoft (MSFT). Oppenheimer