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NYA:BABA, Jul 18, 08:58 UTC

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Wednesday, July 11


News

Alibaba’s Stock Seen Rising 45% After Pullback

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The past month has not been good to Alibaba Group Holding ( BABA), as the company’s ADR shares fell more than 10% before making a slight rebound. Sanderson argues that the recent selloff coincides with the weakening of the Chinese yuan, a somewhat regular occurrence that suggests only a slight correction in Alibaba’s stock price based on past performance. Sanderson noted that in every currency-volatility event prior to the most recent episode, Alibaba shares managed to post a “much greater recovery” than the gains lost during the initial selloff.

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Tuesday, July 10


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Alibaba Ties Up With Guess to Boost Presence in Fashion World

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Alibaba Ties Up With Guess to Boost Presence in Fashion World. Alibaba Group Holding Limited BABA is leaving no stone unturned to fortify its presence in the retail industry.The company has extended its partnership with Guess?, Inc. GES, deploy its FashionAI technology to deliver enhanced and smart shopping experience to customers.Alibaba’s FashionAI project was launched last week which strives to showcase the future of fashion retail by leveraging the power of artificial intelligence (AI).Moreover, the technology will provide insights on latest fashion trends, based on the images captured by the fashion expertise of Taobao and Tmall on more than 500k apparels.The latest move of the company will strengthen client base. Rising Competition. Although the latest partnership and strong retail strategies will support Alibaba in sustaining its competitive edge in the e-commerce space intensifying competition has become a major headwind.Recently, JD.Com JD announced the funding of $550 million from Alphabet’s Google. Amazon’s aggressive retail strategies and robust shopping services will be hindrances to Alibaba’s aim of global expansion.Currently, Alibaba carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues.

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Monday, July 09


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Alibaba in Talks With BT for Cloud Partnership in Europe Push

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Chinese internet giant Alibaba is discussing a potential cloud services partnership with BT Group, Britain's largest telecommunications company, Bloomberg reported • The agreement would be similar to the one Alibaba has in Germany with Vodafone, where the telco acts as a reseller for Alibaba's cloud services in Germany • Alibaba has pulled back its expansion in the US in response to president Donald Trump's America First agenda, Europe becoming its main focus for expansion outside China. A BT spokeswoman confirmed by email that the U.K. telecom company is in talks with Alibaba Cloud and declined to give details. Started in 2009, Alibaba Cloud has expanded fast beyond China in a direct challenge to Amazon Web Services, the e-commerce giant’s division that dominates cloud computing. Alibaba Cloud is now the fourth-biggest global provider of cloud infrastructure and related services, behind Amazon, Microsoft Corp. and Alphabet Inc.’s Google, according to a report last month by Synergy Research Group.

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Alibaba Roundup: Expansion, Blockchain, Cloud, Retail, Deals - July 9, 2018

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The trade war is officially on with new Trump tariffs on $34 billion worth of Chinese imports going into effect last week. Sino-U.S. relations remain as sour as ever in the meantime, as struggling Chinese telecom ZTE continues to be denied U.S. parts because it dared to engage in trade with North Korea and Iran, the two countries the U.S. wishes to pressure. ZTE is also required to pay a $1 billion fine, place $400 million in escrow and allow outside monitoring if it wants the Commerce Department to allow some companies to do business with it. Investment in China Media Group. As the government gradually loosens its grip over firms by adopting a mixed-ownership policy change, Chinese technology giants Alibaba and Tencent are making the most of the situation. So after snapping up stakes in leading Chinese telecom company China Unicom, the two have now turned attention to media company CMC.

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KeyBanc Upgrades Baidu (NASDAQ:BIDU), Lowers Alibaba (NYSE:BABA) Estimates In Chinese Internet Update

BABA BIDU +1 more BABA BIDU JD

Analyst Hans Chung upgraded shares of Baidu Inc (ADR) (NASDAQ: BIDU) from Sector Weight to Overweight with a $305 price target. Chung maintained Overweight ratings on Alibaba Group Holding Ltd (NYSE: BABA) and JD.Com Inc(ADR) (NASDAQ: JD). The analyst maintained a $235 price target for Alibaba and has a $51 price target for JD.com. KeyBanc's $305 price target for Baidu is based on $226 per share for its search and feed business, $40 per share for iQIYI, Inc (NASDAQ: IQ) and $11 per share for Ctrip.Com International Ltd (ADR) (NASDAQ: CTRP), based on market value, plus $28 net cash per share. Softer near-term customer management revenue and a larger loss of DME business due to acquisition of the exclusive World Cup license led KeyBanc to lower its estimates for Alibaba.

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Friday, July 06


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Tech Today: Samsung Whiffs, Amazon's Prime Time, Tweaking Alibaba

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Here are some things going on today in the world of tech: It’s a Samsung Electronics (0005930KS) kind of morning, as a disappointing profit forecast from the company casts a long shadow of the technology landscape. Samsung said late yesterday it expects June-quarter profit of 14.8 trillion South Korean Won, at the mid-point of its range, missing consensus for ₩15.1 trillion, and revenue of ₩58 trillion, missing consensus for ₩60.3 trillion, as related by The Wall Street Journal’s Timothy Martin. While Samsung did not offer full details of its various operating divisions—the actual earnings report comes July 31—one disappointment was lower-than-expected sales of its “Galaxy S9” smartphone.

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Susquehanna Lowers Alibaba (NYSE:BABA) Estimates, Maintains It's An E-Commerce 'Killer'

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Susquehanna Lowers Alibaba Estimates, Maintains It's An E-Commerce 'Killer'. Susquehanna slightly reduced its estimates for Alibaba Group Holding Ltd (NYSE: BABA), citing the consolidation of the food delivery service Ele.me and higher costs from Youku, but the firm remains as bullish on the Chinese e-commerce platform as ever. Susquehanna analyst Shyam Patil reiterated a Positive rating on Alibaba with a $305 price target. Alibaba’s aggressive investments in its various businesses are expected to continue and weigh on consolidated margins for the foreseeable future, Patil said in a Friday note.

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Thursday, July 05


News

Alibaba's Currency Clobbering Looks Like a Buying Opportunity

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Alibaba Group Holding (BABA) has had a rough couple of weeks, falling by a double-digit percentage compared with a much smaller decline in the Nasdaq Composite Index. That's largely tied to the fact that ...

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Tuesday, July 03


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China Media Capital raises 15 billion investors include Alibaba and Tencent

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China Media Capital raises $1.5 billion, investors include Alibaba and Tencent. Chinese state-backed media group China Media Capital Inc. said on Tuesday that it had raised 10 billion yuan, or $1.5 billion, in a series A fund-raising round, according to Reuters. Investors included Alibaba Group Holding Ltd BABA-0.43% Tencent Holdings Ltd hkg:hk:0700TCEHY+0.5% and real estate developer China Vanke Co hkg:hk:2202CHVKY-0.91% CMC said the firm was valued at around 400 billion yuan, or approximately $60.2 billion, post-fundraising. The company was founded in 2009 by media tycoon and former Shanghai government official Li Ruigang and has vast entertainment holdings, including large stakes in Hong Kong-based broadcaster TVB and Beijing-based financial news outlet Caixin.

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Alibaba, Tencent lead $1.5 billion investment in China media group

700 BABA

Alibaba, Tencent lead $1.5 billion investment in China media group. Source:Reuters-Global Times Published: 2018/7/3 22:03:40. Chinese media group CMC Inc said on Tuesday it raised around 10 billion yuan ($1.49 billion) in a fundraising round from investors including domestic tech giants Alibaba Group Holding and Tencent Holdings, according to Reuters. CMC Inc, one half of the CMC media empire that spans from sports to amusement parks, said the A-round fundraising was led by the two Chinese tech firms along with new investors such as property developer China Vanke Co, the Reuters report said. Li is often portrayed as China's version of Australian media mogul Rupert Murdoch, the head of News Corp. Alibaba and Tencent declined to comment as of press time by Tuesday.

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