Tag Archives: baba

China Rivals Alibaba, JD.com Post Earnings This Week

Rivals Alibaba Group (BABA) and JD.com (JD) are set to report quarterly earnings this week, as the two increasingly bump into each other. China e-commerce leader Alibaba reports Thursday before the market open, its fiscal fourth quarter. And JD reports before the open Friday. Alibaba archrival Tencent Holdings (TCEHY) owns a stake in JD.com. The consensus estimate on Alibaba is revenue of $2.78 billion, a 44% increase from the year-earlier period.

Alibaba’s Tmall Global Launches Duty-Free Platform

Alibaba’s (BABA) Tmall Global said it is launching a prepaid duty-free service for Chinese travelers going abroad in the hopes of boosting international e-commerce opportunities. Shares fell 1.1% to 81.58 in afternoon trading in the stock market today. The stock broke support at the 50-day line this week and has been trading below the key moving average. Alibaba peaked at 120 on Nov. 11. It hit a post-IPO low of 80.03 on March 3. With the “World

Baidu’s Mobile Ambitions Come At A High Cost

Baidu (BIDU) stock fell sharply Thursday after China’s search leader reported Q1 revenue below Wall Street expectations and gave soft Q2 guidance, even as the company spent heavily to advance its mobile business in the face of competition from Alibaba (BABA) and others. The number of active online marketing customers remained relatively steady at 524,000 compared to Q4, Baidu said. However, those customers spent 9.8% less in Q1 than in Q4, Baidu