Tag Archives: baba

Yahoo To Spin Off Small-Biz Unit With Alibaba Shares

Yahoo (YHOO) said Wednesday that it will spin off Yahoo Small Business, which helps small firms set up and run their businesses online, as part of the spinoff of its 15% stake in Alibaba Group. The Web portal announced during its Q4 earnings last week that it would spin off its 15% stake in China’s Alibaba Group (BABA) into a newly formed independent registered investment company. “Yahoo Small Business will move over to the newly formed public

Alibaba Teams With Lending Club For Business Loans

Alibaba Group (BABA) has launched a multiyear partnership with Lending Club, which will provide loans to help U.S. business buy goods on Alibaba’s e-commerce site. Under the partnership, U.S. businesses can obtain a line of credit from $5,000 to $300,000 from Lending Club (LC) for purchases on Alibaba.com. The program is called “Alibaba.com e-Credit Line powered by Lending Club.” “We want to make financing as efficient as possible for the millions

Analysts Cut Alibaba Stock Estimates After Earnings

Several analysts lowered their price targets on Alibaba (BABA), a day after the China Internet giant reported fiscal third-quarter earnings that fell short. Alibaba beat earnings views, but its revenue’s 40% rise to $4.2 billion missed expectations. Alibaba processed $127 billion in gross merchandise volume, up 49% from the year-earlier quarter. Mobile accounted for 42% of GMV, but Alibaba is struggling to monetize mobile faster. Alibaba stock