Alibaba (BABA) is bulking up its media offerings with a music distribution deal in China with BMG, adding to the e-commerce giant’s vision for multimedia dominance in the country. BMG, a division of German mass media company Bertelsmann, holds the rights to over 2.5 million songs, including hits by Bruno Mars, the Rolling Stones and Kylie Minogue. The Chinese e-commerce giant’s digital entertainment arm will push BMG artists and writers on
Ambarella’s (AMBA) prospects in the drone business are heating up, prompting one analyst to boost his price target on the high-flying stock. Chardan Capital analyst Jay Srivatsa in a research note Friday boosted his price target on Ambarella to 70 from 60 and maintained a neutral rating, citing efforts by Amazon (AMZN), Alibaba (BABA) and other companies to rev up their use of drones. Ambarella, which supplies chips that enable high-resolution
Alibaba (BABA) stock has been in a downtrend for over four months. But one way to reap the financial benefits of the growing Chinese e-commerce giant is to buy Yahoo (YHOO), which has yet to spin off its full stake in Alibaba. That’s according to Morgan Stanley (MS), which initiated coverage on Yahoo with an overweight rating. Why is Morgan Stanley so bullish on Yahoo and Alibaba? Watch this video to find out. Follow Alissa Williams on Twitter: