Tag Archives: baba

Tencent Q4 Earnings Coming Amidst China Internet War

China Internet giant Tencent Holdings (TCEHY) is set to report fourth-quarter earnings before the market opens Wednesday. Tencent owns a portfolio of Internet services, including social networks, Web portals, online games and e-commerce sites. It is China’s leader in mobile gaming and chat services. Its primary competitor is Alibaba Group (BABA), which dominates in e-commerce. Tencent and Alibaba are the two largest Internet companies in China by

Alibaba Upgraded As Its ‘Headline Risk’ Seen Easing

Brokerage and investment manager Stifel Nicolaus upgraded China e-commerce leader Alibaba (BABA) to buy from hold, saying that the stock is attractively priced ahead of a post-IPO lockup expiration on Wednesday. Analyst George Askew wrote in a research note late Monday that the “headline risk” associated with accusations of Alibaba selling counterfeit goods on its websites has largely passed, now that Alibaba has gone on a campaign against fakes

Alibaba To Invest $200 Million In Snapchat: Report

Chinese e-commerce giant Alibaba (BABA) will invest $200 million in Snapchat, the mobile app that lets people send short-lived messages, at a $15 billion valuation, according to a Bloomberg report, citing sources. Los Angeles-based Snapchat lets users send friends messages that erase themselves within 10 seconds, has been growing rapidly in the last several years. The Internet upstart rejected a $3 billion from Facebook (FB) in 2013.