Tag Archives: baba

Alibaba, Ant Financial Invest Big In Shopping Venture

China e-commerce leader Alibaba Group (BABA) and its financial affiliate Ant Financial said they will invest nearly $1 billion in an online-to-offline e-commerce joint venture designed to let more people order and pay for local services from their smartphones. Alibaba and Ant Financial will each invest $483.3 million, giving them each half ownership of the joint venture, named Koubei.com. The companies said they planned to make the site into a hub

Alibaba Group Estimates Lowered On Rising Spending

China e-commerce leader Alibaba Group (BABA) is boosting spending on its non-e-commerce ventures and cutting ad prices, moves that will drag down the company’s take rates and gross profit margin in upcoming years, said Pacific Crest Securities in a research note released late Sunday. Pacific Crest lowered its gross margin estimates for Alibaba in fiscal years 2016 and 2017, but the investment bankremains “positive” about the company’s prospects in

4 Stocks Fight 50-Day As Shanghai Index Sinks

This week, the Shanghai Composite had its worst week of trade since 2008. Four popular Chinese stocks are battling with their 50-day lines: JD.com (JD), Alibaba (BABA), Tencent (TCEHY) and Baidu (BIDU). JD.com shares are looking for support at the 50-day line on the stock market today. The Chinese online retailer’s shares fell below that level intraday, but somewhat recovered later in Friday’s session. The drop has JD.com in sell territory: it’s