Tag Archives: baba

Alibaba Pictures Raising $1.6 Billion In Stock Sale

Flexing its muscles in the entertainment world, a separately traded unit of Alibaba Group (BABA) announced plans to raise $1.57 billion to finance potential acquisitions in media related investments. Alibaba Pictures Group, which trades on the Hong Kong stock exchange, has reached a deal to sell 4.2 billion shares at $2.90 in Hong Kong dollars (37 cents) each to select investors. That’s a 20% discount to the stock’s June 1 closing price. Credit

Facebook Messenger May Follow Chinese Mobile Apps

Facebook (FB) can turn WhatsApp and its mobile messenger service into bigger moneymakers by borrowing strategies from Chinese Internet companies, especially Tencent Holdings (TCEHY), says a Morgan Stanley research report. Tencent, a rival of Alibaba Group (BABA), has generated new revenue sources from WeChat, a mobile messaging app known as Weixin in China. Tencent has grown gaming revenue and has partnered with e-commerce companies by leveraging

Alibaba Finance Growth Paves Shareholder ‘Upside’

China e-commerce titan Alibaba (BABA) will become an even bigger force through the expansion of its Ant Financial subsidiary’s mobile payment system and online banking service, according to an analyst research report on Tuesday. “Ant Financial has evolved from a payment company to a full service provider,” wrote W.R. Hambrecht & Co./Summit Research analyst Henry Guo in a research note on Tuesday. “Since launching Alipay in 2003, Ant Financial has