Tag Archives: baba

Alibaba, JD.com Gear Up For China’s Top Shopping Day

Gearing up for the biggest online shopping day in China, Nov. 11, e-commerce giant Alibaba (BABA) on Monday outlined a multi-retail strategy to enhance sales. Last year, Alibaba managed $9.3 billion in sales across its multiple e-commerce platforms for the 24-hour event it refers to as its “11.11 Shopping Festival.” Alibaba said more than 180,000 stores across 333 cities will participate in the event, along with more than 1,000 retail brands. In a

Yahoo Alibaba Spinoff Value Still Sinking As Q3 Nears

Will Yahoo’s spinoff of its 15.5% stake in China e-commerce giant Alibaba Group (BABA) into a separately traded stock be tax free? It’s a key question for investors, and analysts hope for an answer when Yahoo (YHOO) reports Q3 earnings after the close Tuesday. Yahoo stock touched a two-year low of 27.20 on Sept. 28 but has since risen and closed Friday at 33.37, down a fraction. Shares are down 34% this year. Yahoo stock rose 4.3% Thursday after

Alibaba Bid For Youku Threatens Netflix China Efforts

In a big expansion of its push into video streaming and Hollywood entertainment, Alibaba (BABA) made an offer to acquire the Chinese equivalent of YouTube, Youku Tudo (YOKU), in an all-cash deal valued at $3.6 billion. It’s the latest of many investments that Chinese e-commerce giant Alibaba has made with digital entertainment companies, in competition with other China Internet giants that include Tencent Holdings (TCEHY). Two months ago, Tencent