Saying the Alipay e-commerce affiliate of Alibaba (BABA) has extended its first-mover advantage in its strategy to attract mobile shoppers, investment bank JG Capital on Monday maintained an overweight rating on Alibaba stock and it price target of 135. Alibaba, though, was down nearly 3% in early afternoon trading in the stock market today, near 101. Alibaba stock is up 49% since it priced its September IPO at 68. JG Capital’s report comes just
Alibaba Holdings’ (BABA) e-commerce affiliate Ant Financial Services Group reportedly announced this week that shoppers on Alibaba’s Tmall and Taobao e-commerce sites can now take out month-to-month loans of up to $4,800 using a new payment option called Huabei, or Just Spend. The service is in beta testing, though, and Alibaba has not announced a formal release date, according to a report by 2Tech Asia. The Just Spend service reportedly lets
Alibaba Group Holding’s (BABA) September IPO put dual-class stocks back in the spotlight, while Google, which already had a dual-class stock, in April created a new class of nonvoting stock with its stock split, creating a tri-class stock. Dual-class share structures give some shareholders, usually the company founders, holdings in a class of stock that has more voting rights per share than others. Opponents raise governance issues, but defenders