Tag Archives: baba

Alibaba Misses Revenue Forecasts, OKs $4 Bil Buyback

Alibaba’s (BABA) quarterly revenue failed to meet analyst estimates Wednesday, and the company announced a $4 billion share buyback program. The Chinese e-commerce leader said first-quarter earnings rose 21% to 59 cents per share. Analysts polled by Thomson Reuters were expecting 58 cents. Revenue grew 28% to $3.27 billion, under views for $3.39 billion. Alibaba shares plunged 5.3% to 73.25 in premarket trading in the stock market today, after

Alibaba, Apple Fall As Yuan Seen Hitting Earnings

Alibaba (BABA), JD.com (JD) and other Chinese stocks, along with Apple (AAPL) and other U.S. firms that do a lot of business in China, took hits Tuesday on the yuan’s devaluation against the dollar. The People’s Bank of China let the yuan depreciate nearly 2% vs. the dollar, and investors are worried that the devaluation will boost dollar-denominated debt for Chinese firms and hit dollar-based earnings. The move also raised concerns that the

Tencent, Alibaba Earnings Go Head To Head: Who Wins?

More insight on China’s booming Internet market and the heated rivalry between giants will come when Tencent (TCEHY) reports second-quarter earnings Wednesday on the same day as archrival Alibaba (BABA). Tencent is China’s leader in mobile gaming and mobile chat services. It also owns a portfolio of other Internet services, as well as social networks and Web portals, along with stakes in a variety of companies, including e-commerce player JD.com