Tag Archives: baba

Criteo Enters 2016 With Alibaba China Expansion Doubt

Pacific Crest Securities handed Criteo (CRTO) a price target cut, questioning the Paris-based ad tech firm’s global expansion pace and whether Alibaba Group (BABA) will emerge as a major client in 2016. Pacific Crest analyst Evan Wilson cut his price target on Criteo stock to 58 from 65 while maintaining an overweight rating on the company. Wilson estimates that Criteo places cookies “on 52% of the top 100 retail and travel sites (publisher and

Shanghai Composite Tries To Rally After Monday’s Dive

The Shanghai Composite rose modestly Tuesday intraday after Chinese stocks tumbled 7% Monday, triggering an early market close and spurring a global stock sell-off, including U.S.-traded Chinese firms such as Alibaba (BABA) and JD.com (JD). The Shanghai Composite rose 0.4% in up-and-down trade. The Shenzhen Composite sank 0.5% but the CSI 300 climbed 0.8%. On Monday, the Shanghai Composite lost 6.9% and the Shenzhen 8.2%. The CSI 300 fell 7%,

Alibaba, Baidu, Tencent Riding Online Health Wave

China’s online health care market is expected to hit $3.2 billion in 2015, up 60%, according to a new report, and that’s good news for Baidu (BIDU), Alibaba Group (BABA) and Tencent Holdings (TCEHY). China’s big three Internet giants are expanding their health offerings there. A steady increase in the Internet penetration rate in China, which reached 48.8% in the first half of 2015, is driving the trend, according to Marbridge Consulting’s report.