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NYA:BABA, Dec 11, 04:57 UTC

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Thursday, December 06


News

Uxin Announces Strategic Partnership with Taobao

BABA

HANGZHOU, China, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Uxin Limited (“Uxin” or the “Company”) (UXIN), the largest used car e-commerce platform in China, and Taobao, China’s massive and fast-growing consumer community, operated by Alibaba Group Holding Limited (“Alibaba Group”) (BABA), entered into a strategic partnership to foster further growth and expand service opportunities for used car e-commerce in China. At the initial stage, the two companies will provide a full suite of used car product and service offerings ranging from intelligent listing, displaying and matching, to one-stop transaction solutions. For example, in addition to the standard inspection report that evaluates 315 check points of a used car listing, the two companies will also provide videos and VR car viewing experience so that consumers can gain a comprehensive understanding of the car’s condition. Users will also be able to enjoy a full range of financing and post-transaction services, with superior consumer protection policies provided by both Taobao and Uxin. “As China’s largest used car e-commerce platform which pioneers in facilitating cross-regional transactions, Uxin’s platform shares many similarities with Taobao, which presents many areas for potential synergies,” said Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin.

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Wednesday, December 05


News

Billionaire Jack Ma Adopts ‘Moneyball’ Approach to China Sports

BABA

Just as professional sports teams have used reams of data to maximize performance, Chinese billionaire Jack Ma is turning to analytics to get the most out of fans and change the way athletic events are managed and people shop for gear. After getting its start with a service allowing users to track their workouts, a unit of Ma’s Alibaba Group Holding Ltd. is now moving onto organized sports. The strategy will then be replicated to other fields, including e-sports, soccer and basketball, as Alisports carves a share of a Chinese sports industry the government estimates could be worth 5 trillion yuan ($728 billion) by 2025. It also features studio booths and blue screens for its video production team. While fitness apps and efforts to monetize sports aren’t new in China, Alisports is counting on its position in Ma’s ecosystem to give it an edge.

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Alibaba Group Holding Ltd (BABA) Shares Sold by Partner Investment Management L.P. – Fairfield Current

BABA

Partner Investment Management L.P. cut its position in Alibaba Group Holding Ltd (NYSE:BABA) by 65.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Finally, Raymond James lowered their price objective on Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating on the stock in a research note on Thursday, August 16th. Shares of Alibaba Group stock opened at $158.34 on Wednesday. The specialty retailer reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.19.

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Alibaba signs agreement with Belgium for e-commerce trade hub - Strategy - iTnews

BABA

Alibaba Group Holding Ltd said on Wednesday it has signed an agreement with the Belgium government to launch an e-commerce trade hub, which will include investments in logistics infrastructure. The project is part of Alibaba's Electronic World Trade Platform (eWTP), and Belgium is the first European country to join the project following similar agreements in Malaysia and Rwanda. Alibaba's logistics arm, Cainiao, will lease a 220,000 square meter logistics port at Belgium's Liege airport as part of the deal and invest an initial €75 million in the project set to begin operations in 2021, it said. "We strongly believe that under the eWTP, we will open up the huge potential for European businesses to reap the benefits of global cross-border trade, especially into the China market," Alibaba CEO Daniel Zhang said in a statement.

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Alibaba signs agreement with Belgium for e-commerce trade hub

BABA

Alibaba signs agreement with Belgium for e-commerce trade hub. BEIJING (Reuters) - Alibaba Group Holding Ltd said on Wednesday it has signed an agreement with the Belgium government to launch an e-commerce trade hub, which will include investments in logistics infrastructure. The project is part of Alibaba's Electronic World Trade Platform (eWTP) and the company has made similar agreements in Southeast Asia and Africa. Alibaba's logistics arm, Cainiao, will lease a 220,000 square meter logistics hub at Belgium's Liege airport as part of the deal and invest an initial 75 million euros ($85.04 million) in the project.

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Government of Belgium and Alibaba Group to Jointly Promote Inclusive Global Trade under eWTP Initiative

BABA

We strongly believe that under the eWTP, we will open up the huge potential for European businesses to reap the benefits of global cross-border trade, especially into the China market where the demand for European goods is high,” said Alibaba Group Chief Executive Officer Daniel Zhang. The new smart logistics hub will be the cornerstone of the eWTP infrastructure collaboration, with Alibaba playing a key role in facilitating trade, particularly for accessing the China market, as part of the Group’s commitment to serve as the “Gateway to China” and help import US$200 billion worth of quality goods from the world to China over the next five years. Chinese companies, in particular, those from the tech sector are investing in Belgium. As world trade continues to expand, Wallonia is an ideal logistics hub for global companies given our leading edge in cargo expertise and connectivity for block trains and seaports. In addition, the Government of Belgium and Alibaba will work closely together to introduce new technologies that will promote digitisation of customs procedures and more efficient clearance of goods which will be crucial for global trade in particularly for SMEs.

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Tuesday, December 04


News

Chief at Alibaba video site Youku steps down amid corruption probe

BABA

Chief at Alibaba video site Youku steps down amid corruption probe. BEIJING, Dec 4 (Reuters) - The president of Alibaba Group Holding Ltd's video streaming service, Youku, has stepped down and is believed to be talking to Chinese authorities as part of a potential corruption case, the company said on Tuesday. The abrupt departure comes amid a wider reshuffle of Alibaba executives as the company shores up its leadership following the announcement by chairman Jack Ma that he will retire next year. "(Yang) is understood to be assisting Mainland authorities with an investigation into an alleged case of seeking economic benefits," said a spokeswoman for Alibaba's Digital Media and Entertainment business.

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Monday, December 03


News

Can President Trump and President Jinping Prove Jack Ma Wrong?

BABA

The US and China have paused the trade war in the past. Earlier in 2018, the two sides put the trade war on “hold.” However, the truce didn’t last long. President Trump pressured China’s trade practices. Alibaba’s (BABA) Jack Ma said that he expects the trade war to last for decades.

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Glacier Peak Capital LLC Purchases Shares of 13,019 Alibaba Group Holding Ltd (BABA) – Fairfield Current

BABA

Glacier Peak Capital LLC bought a new stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. Finally, Goldman Sachs Group upped their price objective on Alibaba Group from $241.00 to $247.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. The firm has a market capitalization of $411.99 billion, a P/E ratio of 39.92, a PEG ratio of 1.48 and a beta of 2.37. During the same quarter in the prior year, the company earned $1.29 EPS. As a group, sell-side analysts forecast that Alibaba Group Holding Ltd will post 3.48 earnings per share for the current fiscal year.

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Axa Has $270.93 Million Position in Alibaba Group Holding Ltd (NYSE:BABA) – Marea Informative

BABA

AXA raised its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. Alibaba Group accounts for about 1.0% of AXA’s investment portfolio, making the stock its 6th biggest position. Robert W. Baird lowered their target price on shares of Alibaba Group from $220.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, August 24th. One investment analyst has rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company.

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