Tag Archives: baba

Uber Stuck In A China Car Chase Vs. Alibaba, Tencent

As it pursues an aggressive global expansion, ride-hailing service Uber has hit a roadblock in China. The San Francisco-based company recently made accusations that Tencent Holdings (TCEHY), which partnered with Alibaba Group (BABA) to create China’s largest ride-hailing company in China, has been blocking the Uber app from WeChat, which is the dominant mobile messaging platform in China. Tencent’s WeChat has more than 600 million users. The Uber

Alibaba, Other China Stocks Fall As Market Collapses

AlibabaGroup (BABA), Baidu (BIDU) and a host of other once high-flying China-based stocks took significant hits early Monday as the Shanghai and Shenzhen stock exchanges plummeted once again overnight, triggered by fears of an economic slowdown. The latest stock market decline signaled financial industry fear after China’s government did not announce policy support over the weekend as expected, after the Shanghai Composite index suffered an 11%

Alibaba Slash Attack Grows; Cisco, Monster Raised

The price-target slash attack on China e-commerce giant Alibaba Group (BABA) continued, while Cisco Systems (CSCO) and others received price target increases Thursday. After several analysts cut their price target on Alibaba stock Thursday morning, following its quarterly earnings the day before, others followed. Credit Suisse cut Alibaba to 105 from 114. HSBC cut it to 117 from 124. Price cuts also came from MKM Partners and Axiom Securities.