• Fri, Jan. 13, 2:42 PM
    Fri, Jan. 13, 2:42 PM | 24 Comments
  • Thu, Jan. 12, 12:57 PM
    • It's just very loose chatter at this point, but Alibaba (NYSE:BABA) is already a sizable holder of Groupon (NASDAQ:GRPN), and Jack Ma did just meet with the president-elect and pledge big investments in the U.S.
    • In the red for most of the session, Groupon has added about 6% since the rumor hit, and is now higher by 2.3% for the day.
    Thu, Jan. 12, 12:57 PM | 21 Comments
  • Wed, Jan. 11, 12:56 PM
    • Analyst Bhavtosh Vajpayee broadly attributes China-specific issues not fully factored by the market and growth limitations among the group due to the challenge of monetizing Chinese users' limited time online.
    • Baidu (BIDU -1.1%) – Cites slowing core search business and impact of "distracting" O2O business on profitability. However, notes a cut back in that business and a return to core technology foundation would mark positives. Sets target at $150 (current price $178.78).
    • JD.com (JD -1.4%) – Attributes abating share gains, fulfillment expense complications, greater impact of seasonality, shifting GMV mix, and despite various tailwinds, continued operation "on the edges of profitability." Target $21 (current price $26.63).
    • NetEase (NTES -1.1%) – Notes substantial derivation of business from gaming, user time that's restricted in the the segment, and a 10% figure of Chinese gamers contributing to 80% of market revenue. Further views cross-border e-commerce initiatives to be margin dilutive for multiple years. Target $200 (current price $237.66).
    • 58.com (WUBA -3.2%) – Suggests constriction within classifieds business amid digital advertising shift, and revenue growth and margin consensus expectations firm's not entirely convinced by. Target $25 (current price $29.54).
    • Vipshop Holdings (VIPS -4.5%) – Projects 2017 to be final year of above-market growth levels and predicts lagging from 2018 and for points after. Target $10 (current price $11.06).
    • Avoiding similar classification are Alibaba (BABA -0.6%) and Ctrip.com (CTRP -0.7%), with the former rated Outperform on a $117 target (current price $96.17) with e-commerce positioning, payments, cloud, video and global expansion initiatives cited, and the latter rated Market perform on a $41 target (current price $43.39).
    Wed, Jan. 11, 12:56 PM | 14 Comments
  • Wed, Jan. 11, 11:34 AM
    • Donald Trump is in front of the media at his first formal press conference in six months.
    • The President-elect began the press conference by thanking Ford (NYSE:F) and Fiat Chrysler (NYSE:FCAU) for announcing investments in new U.S. plants, adding he hoped that General Motors (NYSE:GM) will follow. Alibaba (NYSE:BABA) is also mentioned as a company that will be doing "tremendous" things in the U.S.
    • There's an early warning from Trump to the drug industry (PJP, IHE, XPH, PPH) that new "bidding procedures" are needed.
    • Early questions are focused on Russia, hacking and U.S. intelligence. Investors wouldn't mind some clarity on trade and tax policies in the later round of questions.
    • The Mexican peso has nowhere to hide and is now down to an all-time low of 22.0333.
    • U.S. stocks have edged lower during the first part of the news conference. The S&P 500 Index is now down 0.17% after being slightly higher earlier.
    • ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, RWL, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA, QQXT, SPUU, SPXE, LLSP, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV, TALL.
    Wed, Jan. 11, 11:34 AM | 287 Comments
  • Tue, Jan. 10, 5:29 AM
    • Deepening its integration with brick-and-mortar stores, Alibaba (NYSE:BABA) is leading a $2.6B bid to privatize Intime Retail Group (OTC:INTIY), a leading department store chain with 29 outlets and 17 shopping malls across China.
    • In 2015, Alibaba acquired a 20% stake in Suning, which operates over 1,600 Chinese stores that sell consumer electronics and appliances.
    Tue, Jan. 10, 5:29 AM | 1 Comment
  • Tue, Jan. 10, 2:44 AM
    • President-elect Donald Trump had a "great meeting" with Alibaba's (NYSE:BABA) Jack Ma on Monday, when they discussed creating 1M new American jobs in five years.
    • Some are calling the assertion a stretch, however, based on the company's definition of the goal.
    • "Alibaba will create 1M U.S. jobs by enabling 1M American small businesses and farmers to sell American goods to China and Asian consumers on the Alibaba platform."
    • Previously: Jack Ma in Trump Tower to talk U.S. jobs (Jan. 09 2017)
    Tue, Jan. 10, 2:44 AM | 15 Comments
  • Mon, Jan. 9, 6:24 PM
    • In new proxy materials submitted to the SEC, Yahoo (YHOO +0.3%) has revealed that the company that will remain after core assets are sold to Verizon (VZ -1.1%) will be called Altaba.
    • That's the entity that will hold $36B in shares of Alibaba (BABA +0.9%) after Verizon takes most of the rest.
    • Following the closing, Marissa Mayer and others will resign from a board that will shrink to five members: Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney and Jeffey Smith, with Brandt serving as chairman.
    • At closing, Mayer will leave along with co-founder David Filo, Eddy Hartenstein, Richard Hill, Jane Shaw and Maynard Webb (who will become chairman emeritus).
    Mon, Jan. 9, 6:24 PM | 71 Comments
  • Mon, Jan. 9, 11:01 AM
    • Jack Ma is in Trump Tower to discusss with President-elect Donald Trump Alibaba's (BABA +0.5%) plans to expand in the U.S. and add jobs.
    • The move could be a nice pre-emptive action to avoid a Twitter hit from the incoming POTUS.
    • Shares of Alibaba are up over 7% in 2017.
    Mon, Jan. 9, 11:01 AM | 41 Comments
  • Mon, Jan. 9, 9:36 AM
    • Alibaba (NYSE:BABA), China National Sports Group and Tencent's (OTCPK:TCEHY) sports unit are reported to be among the bidders for a stake in China Sports Industry Group valued at ~4.2B yuan ($606M).
    • China Sports Industry Group is involved in sports real estate deals and events management.
    • Source: Bloomberg and 21st Century Business Herald
    Mon, Jan. 9, 9:36 AM | 1 Comment
  • Dec. 28, 2016, 9:30 AM
    • Cited as Ken Sena's top internet pick, the analyst points out Amazon's (NASDAQ:AMZN) capacity to leverage data science, the opening of addressable retail markets in terms of geography and new product categories, and the company's ability to rapidly move on consumer insights, in turn driving higher frequency of utilization and increased conversion.
    • Also forecasts bullishly for Alibaba Group (NYSE:BABA) [another top pick, 440M active buyers, appealing China story], Facebook (NASDAQ:FB) [leading audience scale and engagement, increased integrations and data capabilities between partners, video, messaging, AR/VR positioning], Alphabet (GOOG, GOOGL), [data science and infrastructure benefits, positioning among emerging interfaces, transition of core search to action and assistance], JD.com (NASDAQ:JD) [2x China e-commerce industry growth rate, improving cost discipline and other operational initiatives, opportunities involving warehouse efficiencies and cash flow conversion], Priceline (NASDAQ:PCLN) [scale advantage, execution, value, market expansion, increasing stickiness], Tencent Holdings (OTCPK:TCEHY) [gaming, social messaging and app store platform, payments].
    Dec. 28, 2016, 9:30 AM | 26 Comments
  • Dec. 28, 2016, 8:52 AM
    • Whether or not the figure is inclusive of or in addition to a $1.48B number disclosed in October, when Alibaba consolidated its various media properties under Alibaba Digital Media and Entertainment Group, remains unclear.
    • Over the next three years, however, $7.2B at the very least is set to be invested by the operation.
    • Alibaba Group (NYSE:BABA+0.73% premarket.
    Dec. 28, 2016, 8:52 AM | 6 Comments
  • Dec. 27, 2016, 5:36 PM
    • Top gainers, as of 5.25 p.m.: CEMP +5.1%. BABA +3.7%. GLBL +2.5%. BAS +2.2%. ALNY +2.1%.
    • Top losers, as of 5.25p.m.: ENIC -1.8%. LL -1.6%. CLD -1.6%. TS -1.2%. BBG -1.1%.
    Dec. 27, 2016, 5:36 PM | 18 Comments
  • Dec. 27, 2016, 11:26 AM
    • Following return to the USTR's "notorious markets" list by Taobao, Alibaba Group has instituted a consortium of brands and trade associations to lessen presence of counterfeit goods on its commerce platforms. Specific brands or associated representatives have not been disclosed, though an inaugural meeting of members is set for March.
    • Alibaba (BABA +1%) continues to face scrutiny over the integrity of its marketplaces, and despite prior efforts to stem counterfeiting practices and formation of this new advisory operation, remains associated with negative perception over the matter.
    Dec. 27, 2016, 11:26 AM | 5 Comments
  • Dec. 26, 2016, 6:14 AM
    • The fate of a defaulted $45M Cosun Group corporate bond sold through an Alibaba-backed (NYSE:BABA) online wealth management platform has been thrown into doubt after China Guangfa Bank said letters of guarantee for the bonds were "all fake."
    • The dispute highlights challenges in China's loosely regulated online finance industry, where retail investors often buy high-yielding bonds and other assets, expecting them to be "risk-free" due to guarantees provided by various parties.
    Dec. 26, 2016, 6:14 AM | 5 Comments
  • Dec. 23, 2016, 1:19 PM
    • Alibaba (BABA +0.3%) shares are sitting a bit above the flat line today following word that it's close to gaining $1.2B in funding from an investor group for its on-demand services unit.
    • The unit, Koubei, deals in local service including food delivery. The group of first-time investors reportedly includes Silver Lake Management along with China Investment Corp.
    • The retailing giant also says it's taking steps including setting an advisory board to address intellectual property enforcement, following the return of its Taobao marketplace to the U.S. Trade Representative's "notorious markets" list after four years off.
    • Alibaba's 20% three-month decline has also hit Yahoo (YHOO +0.4%), which holds a 15% stake, Reinhardt Krause notes. Yahoo has declined almost 10% over the same period, and is back near its level when Verizon (VZ -0.2%) announced a $4.83B acquisition deal.
    Dec. 23, 2016, 1:19 PM | 13 Comments
  • Dec. 21, 2016, 5:44 PM
    • Four years after Alibaba had been taken off the annually compiled list designed to spotlight piracy and product counterfeiting.
    • Alibaba (NYSE:BABA) statement excerpt: "We are very disappointed by the USTR’s decision to include Taobao on its “notorious markets” list, as we are far more effective and advanced in IPR protection than when the USTR took us off the list four years ago . . . We question whether the USTR acted based on the actual facts or was influenced by the current political climate."
    • Politically motivated or not, Alibaba's often faced heightened scrutiny over issues ranging from false purchases and fabricated reviews to in this case, alleged availability of large volumes of counterfeit and pirated wares, and claimed complications rights-holders face trying to combat facilitation of such illicit sales and offers.
    • Full report
    Dec. 21, 2016, 5:44 PM | 17 Comments