Internet retailers are holding up well even though a couple of former highflying Chinese names have been hit hard by that country’s stock market sell-off. Alibaba (BABA), China’s biggest online marketplace, has fallen 35% from its November peak and erased a huge gain from its September IPO price of 68. Former market leader Vipshop Holdings (VIPS) has also fallen hard. Yet the 35-stock Internet retail group has climbed 20% this year, easily
Alibaba led the financial news for months as the China-based Internet conglomerate made its $25 billion IPO — the biggest ever — on the New York Stock Exchange last fall. Now many U.S.-listed Chinese firms plan an about-face. They’re delisting from the U.S. stock market and going private. Many aim to go public in China despite a crash in the Chinese exchanges that follows big run-ups that many analysts called a bubble. Some observers see the
Good news for GoPro (GPRO): The action camera market is likely to see growth in unit sales and revenue through at least 2019, according to Futuresource Consulting. The worldwide action camera market grew 44% in 2014, reaching 7.6 million units, with a retail value of $3.2 billion, Futuresource said in a report Friday. Unit sales rose 38% in North America last year, but the biggest growth was in the Asia Pacific region, up 114%. While the action