Thu, Aug. 18, 2:55 AM
- Tencent (OTCPK:TCEHY) has overtaken Alibaba (NYSE:BABA) to become China's most valuable tech company after unveiling a strong set of earnings.
- The firm posted a 47% climb in net income to a record 10.74B yuan, handily beating estimates on strong growth in mobile gaming and advertising.
- Tencent shares rose 5% on the news to reach a market capitalization of $246B, compared with Alibaba's market value of $242B.
Thu, Aug. 11, 9:15 AM
Thu, Aug. 11, 7:26 AM
- Revenue of $4.838B rose 59% Y/Y, with China retail marketplaces revenue of $3.518B up 49%. Mobile revenue of China retail marketplaces of $2.635B gained 119%, and represented 75% of total China retail marketplaces revenue.
- Core commerce EBITDA of $2.501B up 38% Y/Y.
- Mobile MAUs in June of 427M vs. 410M three months earlier.
- GMV on China retail marketplaces of $126B up 24% Y/Y, with mobile GMV making of that (was 55% a year ago)
- Cloud computing revenue of $187M up 156% Y/Y. Adjusted EBITDA loss of $24M about halved from a year ago.
- $2B of stock bought back by company, and another $400M by partners in a deal with SoftBank.
- Conference call starts at 7:30 ET.
- Previously: Alibaba beats by $0.11, beats on revenue (Aug. 11)
- BABA +4.7% premarket
Thu, Aug. 11, 6:57 AM
Wed, Aug. 10, 5:30 PM
Tue, Aug. 9, 4:30 AM
- Alibaba (NYSE:BABA) and HTC (OTC:HTCXF) are joining hands to advance virtual reality development with cloud computing solutions.
- The companies will focus on tackling bandwidth allocation, data transmission and data processing, building a VR cloud ecosystem and extending 'Viveport', HTC's VR app store to the Alibaba Cloud platform.
Mon, Aug. 8, 8:10 AM| Mon, Aug. 8, 8:10 AM | 15 Comments
Fri, Aug. 5, 3:00 AM
- U.S. District Judge Kevin Castel has dismissed part of a lawsuit filed last year by Gucci, Yves Saint Laurent and other luxury brands accusing Alibaba (NYSE:BABA) of promoting sales of counterfeit items.
- The racketeering charges were rejected on grounds that the petitioners were unable to back up the claim with facts.
- The ruling doesn't affect other trademark-related claims against Alibaba, which has been dogged by numerous allegations about fake goods.
Tue, Aug. 2, 1:17 PM
- July monthly performance was: +4.77%
- 52-week performance vs. the S&P 500 is: -8%
- No dividends were paid in July
- Top 10 Holdings as of 6/30/2016: Tencent Holdings Ltd. (OTCPK:TCTZF): 8.99243%, Ping An Insurance (Group) Co. of China Ltd H (OTCPK:PIAIF): 8.32846%, Alibaba Group Holding Ltd ADR (BABA): 8.29751%, Baidu Inc ADR (BIDU): 8.09289%, JD.com Inc ADR (JD): 7.18603%, Ctrip.com International Ltd ADR (CTRP): 5.75736%, NetEase Inc ADR (NTES): 3.16258%, China Minsheng Banking Corp Ltd H (OTCPK:CGMBF): 2.61595%, Hengan International Group Co Ltd (OTCPK:HEGIF): 2.59126%, New Oriental Education & Technology Group Inc ADR (EDU): 2.16007%
Fri, Jul. 22, 12:44 PM
- Leaks that Verizon (VZ +1%) continues to be the front-runner to close a deal for core Yahoo (YHOO +1%) have the telecom spending about $5B on the deal, vs. an earlier $3.75B-$4B.
- While earlier Verizon interest excluded Yahoo's patent portfolio and real estate, the current talks do reportedly include the real estate.
- Yahoo had set aside about 3,000 patents into a subsidiary called Excalibur for separate auction by Black Stone IP, though other bidders like AT&T (T +1.5%) or a group with Quicken Loans' Dan Gilbert (still reportedly talking with Yahoo) or an aggressive TPG might yet want to buy the IP along with core assets.
- The deal would be a "great outcome," Piper Jaffray analyst Gene Munster says, with time of the essence since "the real value here is unlocking Yahoo Japan and Alibaba (BABA +0.1%) in a cash-free transaction. And they really need to get that done before the election."
- The $5B figure is still a bit low, Munster says, as he expects the deal to be around $6B. "If you look at the tax benefit for Yahoo Japan and Alibaba, that's about a $10B or $11B tax benefit, so a billion dollars here and there doesn't make much difference; there's still upside to Yahoo shares."
Wed, Jul. 6, 5:02 AM
- Alibaba's (NYSE:BABA) internet-connected car will set the Chinese e-commerce giant up to quickly introduce driverless vehicle technology, Chief Technology Officer Wang Jian told Reuters.
- Alibaba and the country's largest automaker, SAIC Motor, demonstrated their jointly developed Roewe RX5 today, equipped with the YunOS operating system that can link with smartphones. The car is slated to go on sale later this year.
Fri, Jul. 1, 8:25 AM
- June monthly performance was: -1.59%
- 52-week performance vs. the S&P 500 is: -20%
- $0.21 in dividends were paid in June
- Top 10 Holdings as of 5/31/2016: Tencent Holdings Ltd. (OTCPK:TCTZF): 8.58481%, Baidu Inc ADR (BIDU): 8.46586%, Ping An Insurance (Group) Co. of China Ltd H (OTCPK:PIAIF): 8.40212%, Alibaba Group Holding Ltd ADR (BABA): 8.39867%, JD.com Inc ADR (JD): 8.17121%, Ctrip.com International Ltd ADR (CTRP): 6.09856%, NetEase Inc ADR (NTES): 2.85051%, Hengan International Group Co Ltd (OTCPK:HEGIF): 2.72358%, China Minsheng Banking Corp Ltd H (OTCPK:CGMBF): 2.32601%, New Oriental Education & Technology Group Inc ADR (EDU): 2.11677%
Thu, Jun. 30, 7:45 AM
Mon, Jun. 27, 9:26 AM
- Alipay, a payment systems unit of Alibaba (NYSE:BABA), is talking about taking a stake of up to 25% of German banking software firm Wirecard (OTC:WCAGY), according to Bild am Sonntag newspaper.
- That stake could grow in the future, the paper said.
- The two agreed to a partnership in December that would provide phone payment services for Chinese tourists visiting Europe; a deal would make sense as a defense against short-sellers for Wirecard and an entry into German expertise for Alipay.
Thu, Jun. 23, 9:18 AM
- Alibaba (NYSE:BABA) managed the dismissal of a lawsuit in the U.S. that had charged the e-commerce giant with defrauding shareholders about a Chinese regulatory warning.
- The suit claimed that Alibaba had omitted mention of a meeting in summer 2014 -- just two months before its initial public offering -- with China's State Administration for Industry and Commerce over its ability to suppress counterfeiting on its sites.
- Shares in Alibaba had tumbled in January 2015 after a white paper emerged with concerns about the meeting; shareholders had sued over the price drop.
- "It is clear that Alibaba did not downplay its problem with counterfeit sales on its platforms or the likelihood of an administrative action against it," Judge Colleen McMahon wrote.
- Company chief Jack Ma has made headlines this week after remarks that fake products -- which Alibaba has been accused of tolerating on its commerce platforms -- are now often better than the "real" brand-name ones.
- Premarket: BABA +0.8%.
Thu, Jun. 23, 2:20 AM
- "When I see reports in the press taking my recent words about counterfeit goods out of context, I feel compelled to set the record straight," Alibaba's (NYSE:BABA) Jack Ma said in an opinion piece published by the WSJ.
- "This is my responsibility to all of our stakeholders... Counterfeit goods are absolutely unacceptable, and brands and their intellectual property must be protected."
- Media reports last week quoted a remark from Ma that stated "fake products today are of better quality and better price than the real names."
Alibaba Group Holding Ltd. operates as an online and mobile commerce company. It provides online and mobile marketplaces in retail and wholesale trade, as well as cloud computing and other services. The company's major businesses include Taobao Marketplace, which is a China's online shopping... More
Industry: Specialty Retail, Other