Tag Archives: baba
Alibaba To Acquire ‘China’s YouTube’
China e-commerce titan Alibaba Group (BABA) struck a sweetened deal to buy China video provider Youku Tudou (YOKU) — known as China’s YouTube — sending Youku Tudou stock higher on Friday and setting China’s video wars on high. Alibaba will pay $27.60 per American depositary share, a 35.1% premium over the closing price of Youku Tudou’s stock on Oct. 15, the day before it announced it had received the buyout proposal from Alibaba, and a 13% premium
Alibaba Leads 4 Top Stocks Rising On China’s Consumers
E-commerce, video games, education: They’re what China’s growing middle class is spending its money on. Today’s International Leaders stock screen offers a look at four top Chinese companies trading in the U.S. that have capitalized on that trend: Alibaba (BABA), NetEase (NTES), New Oriental Education & Technology Group (EDU) and TAL International Group (XRS) . All of the stocks consolidated through September after a wave of bad economic news out