Tag Archives: baba

Alibaba Q3 Earnings Seen Showing Strong Mobile Growth

Alibaba Group (BABA) is expected to show continued gains in making money from mobile users, when the China e-commerce leader reports fiscal Q3 earnings before the open Thursday. But the stock fall early Wednesday after a Chinese agency slammed it over fakes and other practices. The consensus estimate is that Alibaba will report revenue of $4.45 billion, up 54% from the year-earlier period. Earnings per share minus items are projected at 75 cents,

Yahoo Sets Alibaba Stake Spinoff, Stock Rises

Web search firm Yahoo late Tuesday, bowing to shareholder pressure, announced a tax-free spinoff of its 15% stake in China e-commerce leader Alibaba Group, rallying its stock despite another quarterly decline in sales and earnings. In a conference call with analysts following the earnings release, Yahoo (YHOO) CEO Marissa Mayer called the spinoff of the Alibaba (BABA) shares a “historic” undertaking. But activist investor Starboard Value, and

Alibaba, Tencent Battle Baidu For Search Dominance

Baidu (BIDU) is solidly China’s dominant search provider, but guess who’s rising fast? The company’s top rival Alibaba Holdings (BABA), according to a report by JG Capital released Thursday. Alibaba’s Shenma search service is gaining traction in China, wrote JG Capital analyst Henry Guo. “Our check suggests Shenma search is catching up, with 20%-25% of mobile search market in volume.” Baidu has about 60% of mobile search in China, followed by