Alibaba reportedly delays F-1 filing; Taobao plans a revamp

BrightWire reports Alibaba's (ABABA) is still working on its anticipated F-1, and won't file the document this week. Reuters previously reported a filing could happen by today.

Separately, Alibaba has said it plans a major revamp of its massive Taobao marketplace (focused on consumer sales), whose UI has occasionally been criticized. Alibaba promises to improve Taobao's navigation (making it less dependent on search activity), as well as to add interactive features for its mobile apps.

The Street's expectations for Alibaba's IPO were ratcheted higher last week after Yahoo (YHOO -0.1%) reported the company's sales rose 66% Y/Y in Q4 to $3.06B, and its net income 110% to $1.35B. Many think a $200B+ valuation is in the cards.

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Comments (7)
  • Pete P.
    , contributor
    Comments (1019) | Send Message
    Wow, if it's $200 billion, Yahoo will have $13 billion net and could buy possibly buy back 1/3 of their outstanding shares.
    21 Apr 2014, 12:52 PM Reply Like
  • Nocturnian
    , contributor
    Comments (171) | Send Message
    bullet #3 does not make sense. Chinese internet users already know that Alibaba's internal search has a much larger database of products than Baidu since Alibaba blocks Baidu's crawler. Taobao hardly depends on Baidu for traffic. If that was the case, Ali would not be pulling in so much of its advertising revenue, which is the bulk of its revenue.
    21 Apr 2014, 01:33 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
    Interesting Nocturian:


    I never regarded Baidu as a or sort of sight.


    Thought like google, Baidu has travel services (not well into using that).
    21 Apr 2014, 09:48 PM Reply Like
  • Buzzly3
    , contributor
    Comments (115) | Send Message
    This news caught my eye.


    Fidelity Slashes Yahoo Stake Ahead of Alibaba IPO


    Several Fidelity mutual funds cut their positions in Yahoo Inc.(YHOO) in February, before Alibaba Group Holding Ltd. decided to start the process of listing on a U.S. stock exchange, according to the most recent data provided by Morningstar.


    Yahoo (YHOO) owns a 24% stake in the fast-growing Chinese e-commerce giant, accounting for more than half of Yahoo's(YHOO) market value, analysts have estimated. Much of the run-up in Yahoo's(YHOO) stock price during CEO Marissa Mayer's nearly two-year tenure has been tied to investor excitement about Alibaba's prospects. An Alibaba IPO, expected later this year, could raise about $15 billion from investors.


    Fidelity's Contrafund sold 4.1 million Yahoo(YHOO) shares from Jan. 31 through Feb. 28, Morningstar data show. The move cut its Yahoo(YHOO) position by 11%. A total of 11 Fidelity funds sold more than 13 million Yahoo(YHOO) shares over that time frame, or a little more than 1% of the company's total shares outstanding.
    21 Apr 2014, 02:38 PM Reply Like
  • buyandhold???
    , contributor
    Comments (907) | Send Message
    why would that catch your eye? The last line says all you need to know


    "A total of 11 Fidelity funds sold more than 13 million Yahoo(YHOO) shares over that time frame, or a little more than 1% of the company's total shares outstanding."


    So if you owned 100 shares of yahoo and sold a single share would that be worrisome??? You still hold 99% of what you originally held and thats what fidelity is doing.


    They still have a gigantic position, you worry when they sell 90% of their stake like that big company did in BKS a few weeks ago
    21 Apr 2014, 03:33 PM Reply Like
  • k_jay_316
    , contributor
    Comment (1) | Send Message
    Well, it says they sold 1% of the company's outstanding shares, NOT 1% of their holding.
    21 Apr 2014, 04:40 PM Reply Like
  • Pete P.
    , contributor
    Comments (1019) | Send Message
    Right, the Fidelity contra fund sold4.1 million shares, which was 11% of the Contra Fund's holdings. That's not really a large sale since they still hold 89% of their holdings.


    That means that the other 10 fidelity funds sold 9 million shares.


    Fidelity is still a large holder of Yahoo stock which is good to see.
    21 Apr 2014, 05:29 PM Reply Like
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