Tag Archives: baba

Alibaba IPO Lockup End Frees 437 Mil Shares March 18

Chinese e-commerce giant Alibaba (BABA) said late Tuesday that 437 million shares will be released March 18 from a six-month lockup following its record-setting IPO last September. That’s equal to about 18% of outstanding shares. Alibaba said that “approximately 100 million shares” will still be subject to employee trading restrictions until its May release of earnings for the quarter ending March 31. IPO lockup expirations often raise concerns

Alibaba Who? 4 China Web Plays With Better Charts

Alibaba Group (BABA) gets a lot of attention. It’s the world’s largest e-commerce company and dominates China, the largest Internet market. It had a record-setting IPO last year, quickly followed with a strong run-up. But the stock has been in a sharp decline since peaking at 120 on Oct. 13, falling to a post-IPO intraday low of 80.03 on Tuesday. Disappointing earnings and accusations of fake goods and fake orders have dogged Alibaba. While the

Alibaba Buys Stake In China Film Company

Alibaba Group (BABA) is stepping up its efforts to get a bigger piece of the entertainment business in China. The leading e-commerce company in China is investing about $382 million for an 8.8% share of Enlight Media, a leading film and TV production and distribution company in China, according to a news report from Rapid TV News on Thursday. Alibaba, however, hasn’t made any official announcement. Alibaba stock was down 1% in midday trading in