Tag Archives: baba

Alibaba Falls, Fights Back On Critical Barron’s Story

Alibaba (BABA) fired back at a cover story in Barron’s that implied shares of the China e-commerce giant could fall sharply due to increased competition and a struggling China economy. The article, “Alibaba: Why It Could Fall 50% Further,” also took aim at business deals by company founder and Executive Chairman Jack Ma and was critical of the company’s culture and governance. It was published online Saturday for Barron’s Sept. 14 issue. Alibaba

China Internet Population Has Plenty Of Room To Grow

Jack Ma, founder and executive chairman of China e-commerce leader Alibaba Group (BABA), often references China’s Internet population to show that plenty of room remains for growth. He’ll say the glass is not even half full, though now it’s getting close. China’s population of Internet users reached 668 million in June 2015, compared with 111 million ten years ago, reports the China Internet Network Information Center. That is 48.8% of the China

Alibaba Backs Uber Rival Lyft As Battle Escalates

The battle between Uber Technologies and its main rivals in China is getting hotter, with two China Internet giants now backing Lyft, which is Uber’s biggest competitor in the U.S. In a funding round that closed in May, Alibaba Group (BABA) and Tencent Holdings (TCEHY) reportedly invested in San Francisco-based Lyft, the second-largest ride-hailing service company in the U.S., the Wall Street Journal reported. Alibaba and Tencent are also