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Alibaba Collaborates With Yiwu to Build SME Trading Platform

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Reportedly, Alibaba Group Holding Limited BABA has signed an agreement with the Yiwu government to establish an e-commerce trade hub under the Electronic World Trade Platform (eWTP) initiative. The deal is inline with Alibaba’s strategy of enhancing cross border e-commerce activities and setting up an equitable platform for small players in the global trade market. Per the latest report from Statista, revenues in the e-commerce market of China are expected to witness a CAGR of 11% between 2019 and 2023. Alibaba’s chief executive officer Daniel Zhang said, “Alibaba Group and Yiwu both have a long history of enabling small businesses to participate in global trade. While Yiwu brings together buyers from around the world, Alibaba’s platforms also bring together millions of merchants and hundreds of millions of consumers.

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Azimuth Capital Management LLC Purchases New Stake in Alibaba Group Holding Ltd (NYSE:BABA) – Mayfield Recorder

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Azimuth Capital Management LLC acquired a new position in Alibaba Group Holding Ltd (NYSE:BABA) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Alibaba Group Holding Ltd has a one year low of $129.77 and a one year high of $203.80. The business’s revenue for the quarter was up 51.0% compared to the same quarter last year. As a group, equities research analysts predict that Alibaba Group Holding Ltd will post 5.1 EPS for the current year. Robert W. Baird increased their target price on shares of Alibaba Group from $178.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, March 29th.

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Sunday, June 23


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As Alibaba Group Holding (BABA) Share Value Rose, Newport Asia LLC Has Decreased Its Holding by $10.78 Million

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Newport Asia Llc decreased its stake in Alibaba Group Holding (BABA) by 5.15% based on its latest 2019Q1 regulatory filing with the SEC. The institutional investor held 1.08 million shares of the business services company at the end of 2019Q1, valued at $199.12 million, down from 1.14M at the end of the previous reported quarter. Newport Asia Llc who had been investing in Alibaba Group Holding for a number of months, seems to be less bullish one the $436.23B market cap company. More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Finance.Yahoo.com which released: “Alibaba Stock Split: What BABA Investors Should Know About the 1-for-8 Proposal – Yahoo News” on June 17, 2019, also Globenewswire.com with their article: “Alibaba Group and Yiwu City Government to Establish eWTP Hub – GlobeNewswire” published on June 21, 2019, Finance.Yahoo.com published: “Here is the Most Popular Stock Among Hedge Funds – Yahoo Finance” on May 31, 2019.

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Saturday, June 22


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What Will Happen to Alibaba Group Holding Limited American Depositary (NYSE:BABA) Next? The Stock Has Increase in Shorts

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Alibaba Group Holding Limited (NYSE:BABA) has declined 10.59% since June 22, 2018 and is downtrending. It operates Taobao Marketplace, a mobile commerce destination; Tmall, a third-party platform for brands and retailers; Rural Taobao program that enables rural residents and businesses to sell agricultural products to urban consumers; Juhuasuan, a sales and marketing platform for flash sales; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace. Among 9 analysts covering Alibaba Group Holding (NYSE:BABA), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Alibaba Group Holding had 15 analyst reports since March 1, 2019 according to SRatingsIntel.

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Friday, June 21


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FOCUS-Data 'R' Us: Alibaba, JD.com seek to lock in merchant loyalty with new services

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One of the first firms to join an Alibaba Group Holding Ltd programme that provides years of consumer shopping history, snack food chain Bestore Co Ltd plans to link facial recognition technology with the e-commerce giant's account data by the year's end. For customers opting to have their facial data in Bestore's systems, that means shop assistants will be able to check on what food they like the moment they enter one of its stores. The shift is integral to what Chinese e-commerce firms call 'new retail' or 'boundary-less retail' - the marrying of data available from internet shopping and gathered through brick-and-mortar stores to provide highly personalised services. Both are seeking to diversify amid slowing e-commerce revenue growth at home - due in part to saturated markets in China's biggest cities, flagging consumer confidence from the U.S.-China trade war and increased competition from rivals such as newly listed Pinduoduo Inc. "For Alibaba and JD.com this is critical for their overall ecosystem because they have pretty much already exhausted the online growth," said Beijing-based Jason Ding, partner at consulting firm Bain & Company. Both JD.com and Alibaba executives say they are not charging companies for most data services at the moment, noting the new partnerships facilitate sales of other services such as cloud computing and logistics.

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Thursday, June 20


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Alibaba joins hands with Yiwu to build a trading platform for SMEs

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Alibaba joins hands with Yiwu to build a trading platform for SMEs. Alibaba Group Holding Ltd is taking its electronic World Trade Platform to fresh heights by cooperating with another Chinese city in an initiative to lower barriers to global trade for small- and medium-sized enterprises via e-commerce. "While Yiwu brings together buyers from around the world, Alibaba's platforms also bring together millions of merchants and hundreds of millions of consumers," Alibaba Chief Executive Officer Daniel Zhang said at a launch ceremony on Wednesday. "The signing of the agreement shows that the two biggest markets, online and offline, are joining hands to create new trade rules, together with SMEs and micro businesses around the world," Lin Yi, secretary of the Yiwu Municipal Committee of the Communist Party of China, was quoted by Xinhua News Agency as saying on the same occasion.

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Data 'R' Us: Alibaba, JD.com seek to lock in merchant loyalty with new services

BABA JD

Data 'R' Us: Alibaba, JD.com seek to lock in merchant loyalty with new services. One of the first firms to join an Alibaba Group Holding Ltd programme that provides years of consumer shopping history, snack food chain Bestore Co Ltd plans to link facial recognition technology with the e-commerce giant's account data by the year's end. For customers opting to have their facial data in Bestore's systems, that means shop assistants will be able to check on what food they like the moment they enter one of its stores. The shift is integral to what Chinese e-commerce firms call 'new retail' or 'boundary-less retail' - the marrying of data available from internet shopping and gathered through brick-and-mortar stores to provide highly personalised services. Both are seeking to diversify amid slowing e-commerce revenue growth at home - due in part to saturated markets in China's biggest cities, flagging consumer confidence from the U.S.-China trade war and increased competition from rivals such as newly listed Pinduoduo Inc. "For Alibaba and JD.com this is critical for their overall ecosystem because they have pretty much already exhausted the online growth," said Beijing-based Jason Ng, partner at consulting firm Bain & Company.

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Tuesday, June 18


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Alibaba plans 1:8 share split ahead of HK float

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SHANGHAI-Alibaba Group Holding Ltd is planning a one-to-eight share split as the e-commerce giant prepares for a stock sale that could be Hong Kong's largest since 2010, Bloomberg reported on Tuesday. The proposal will be discussed and put to a vote at its annual general meeting in Hong Kong on July 15. If approved, the split should take effect no later than July 2020. Alibaba is said to have filed for a listing in Hong Kong last week via a confidential exchange application. The e-commerce to cloud-computing conglomerate is said to have picked China International Capital Corp and Credit Suisse Group AG as lead banks. While China's largest corporation could raise up to $20 billion, Alibaba has not finalized its fundraising target, the people said.

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Alibaba puts CFO in charge of investment in major management reshuffle

BABA

Alibaba puts CFO in charge of investment in major management reshuffle. Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as the e-commerce firm looks to bolster its investment focus in the face of slowing growth. The change comes as Alibaba invests in new business lines such as cloud computing. as a boom in its core e-commerce has peaked and revenue growth slows. "To guarantee innovation, invest in our future, Alibaba is undertaking an organisational upgrade," the company said in a statement signed by chief executive officer Daniel Zhang, who will become chairman when Ma retires on September 10.

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Alibaba reshuffles management, says CFO Wu to oversee strategic investment unit - CNA

BABA

Alibaba reshuffles management, says CFO Wu to oversee strategic investment unit. 18 Jun 2019 01:06PM(Updated: 18 Jun 2019 01:16PM). SHANGHAI: China's Alibaba Group on Tuesday (Jun 18) said its chief financial officer, Maggie Wu, will move to oversee the firm's strategic acquisitions and investments unit, as part of a business and management reshuffle at the e-commerce giant. Its supermarket division, Freshippo, will become a standalone business, and enterprise software unit DingTalk will be merged into the firm's cloud unit, Alibaba said in the statement.Source: Reuters.

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