Tag Archives: baba

China Internet Giant Alibaba Has Many Dragons To Slay

Following a disappointing earnings report, Alibaba Group (BABA) was hammered by analysts who slashed their price targets on China’s dominant e-commerce services provider. Alibaba turned in its slowest revenue growth in at least four years with its fiscal first-quarter earnings Wednesday morning. Revenue rose 28% in local currency to $3.27 billion. Pacific Crest Securities analyst Cheng Cheng cut his price target on Alibaba stock to 94 from 104,

Alibaba, Tencent Earnings Show Internet Growth Strain

Rising competition and shifting business models amid a slowing China economy resulted in weaker-than-expected earnings from Internet giants Alibaba Group and Tencent Holdings. For its fiscal Q1 ended June 30, Alibaba (BABA), China’s No. 1 provider of e-commerce platforms, early Wednesday said revenue rose 28% in local currency to $3.27 billion, or 20.24 billion yuan, missing views of $3.39 billion. It was Alibaba’s slowest growth

Yahoo Drops As Alibaba Drops

Yahoo (YHOO) saw its stock slide to a 13-month low Wednesday as the value of its stake in China e-commerce leader Alibaba Group (BABA) continues to shrink. Yahoo stock was down more than 5% in midday trading in the stock market today, near 34. Yahoo stock is down 34% from a more than 14-year high of 52.62, touched on Nov. 18. Alibaba stock was down 6% midday Wednesday, near 72.50, after the company posted revenue that missed expectations for its