Technology StocksAlibaba Group Holding Limited

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From: Sr K9/26/2017 7:14:32 AM
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Monday pre-market, and on page 1 Tuesday:

World’s Largest Money-Market Fund Will Lower Its Returns, Shed Risk

Alibaba spinoff Yu’e Bao is making changes to comply with new Chinese investment rule

Sept. 25, 2017 5:30 a.m. ET

BEIJING—The manager of the world’s largest money-market fund said it would take steps to reduce risk in its investments and lower the lofty yields that have helped draw a flood of cash into the fund over the past year.

Tianhong Asset Management Co., a Beijing-based company that manages a money-market fund with more than $200 billion in assets, is making changes to comply with liquidity rules imposed recently by Chinese regulators,...

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From: Glenn Petersen9/27/2017 9:44:29 PM
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Alibaba said it plans to invest over $15 billion in the next five years to develop its global logistics network.

Alibaba pays $807M to take majority ownership in logistics affiliate Cainiao

by Jon Russell ( @jonrussell)
September 26, 2017

Alibaba is getting serious about logistics after it agreed to invest RMB 5.3 billion ($807 million) in order to take majority ownership in subsidiary company Cainiao.

Cainiao was created four years ago alongside eight other backers to bring organization in Chinese logistics, particularly around e-commerce deliveries. The company raised its first outside funding in March 2016 — reportedly RMB 10 billion ($1.54 billion) at a RMB 50 billion ($7.7 billion) valuation — from backers including Temasek Holdings and GIC in Singapore, Malaysia’s Khazanah Nasional and China-based Primavera Capital.

It is currently not profitable, but investors see its close relationship with Alibaba as the ticket to developing a lucrative business. Alibaba said the goal is to enable e-commerce services in China to fulfill customer orders within 24 hours, and those overseas within 72 hours, and Cainiao is a core part of that. Indeed, Alibaba said it plans to invest over $15 billion in the next five years to develop its global logistics network.

Cainiao itself just set up a billion-dollar fund with insurance firm China Life to speed up China’s parcel networks with a range of new handling and sorting offices.

Today’s investment is likely to go through next month and it will take Alibaba’s ownership from 47 percent to 51 percent, which in theory gives Cainiao a valuation of RMB 132.5 billion ($19.9 billion). But that’s theoretical because Alibaba’s motivation is likely to have been influenced by other matters.

The SEC last year launched a probe into Alibaba’s accounting systems, and whether it has violated federal securities laws. The firm’s accounting of Cainiao was one component to that, since it only listed some financial information as a minority equity holder. Now, as a majority stakeholder following this deal, it is likely that Alibaba’s transparency over the company will increase going forward. Beyond more information for regulators, it may also appease shareholders curious to learn more about a company Alibaba is helping to bankroll.

Alibaba’s other affiliate companies include Koubei, which got a $1.1 billion injection earlier this year, and Ant Financial, which is valued at over $60 billion and tipped to go public soon.

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From: JakeStraw10/3/2017 11:44:23 AM
1 Recommendation   of 524
Alibaba Group Holding Limited is now covered by analysts at Credit Suisse Group. They set an "outperform" rating and a $220.00 price target on the stock.

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From: Glenn Petersen10/11/2017 5:35:48 AM
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Alibaba says it will invest more than $15 billion over three years in global research program
  • Alibaba announced it will invest more than $15 billion over the next three years in a global research and development program
  • As part of the program, Alibaba will set up research labs in China, the United States, Russia, Israel and Singapore
  • The labs will conduct research in areas such as data intelligence, Internet of Things, financial technology, quantum computing and human-machine interaction
Saheli Roy Choudhury | @sahelirc
October 11, 2107

Wang He | Getty Images
Jack Ma, founder of the Alibaba Group attends the 2017 forum on rural headmasters on July 12, 2017 in Hangzhou, Zhejiang province of China.

Chinese e-commerce giant Alibaba[ announced Wednesday it will invest more than $15 billion over the next three years into a global research and development program to increase collaboration and develop new technologies.

That sum was slightly more than double the total amount Alibaba spent on R&D between 2014 and the fiscal year that ended March 31, 2017.

The program is called the Academy for Discovery, Adventure, Momentum and Outlook — DAMO Academy for short. As part of the program, Alibaba will set up seven research labs in Beijing, Hangzhou, San Mateo and Bellevue in the U.S., Moscow, Tel Aviv and Singapore, and recruit 100 researchers to staff them.

Those labs will undertake projects in areas of data intelligence, Internet of Things, financial technologies, quantum computing and human-machine interaction, including machine learning and Natural Language Processing. They would collaborate with institutions such as the University of California, Berkeley through its RISE Lab.

The program, Alibaba said, will be guided by an advisory board comprising researchers and educators from several top universities, including MIT.

The announcement was made by Alibaba Chief Technology Officer Jeff Zhang at the company's Computing Conference 2017 in Hangzhou, China.

Zhang, who will lead the academy, said in a prepared statement that the research program will be "at the forefront of developing next-generation technology that will spur the growth of Alibaba and our partners."

"We are now looking for talented and driven researchers to join us in the quest for new disruptive technologies that would advance our every-day lives, benefit small businesses and narrow the technology gap to make our world a more inclusive place," Zhang added.

Alibaba said the program will help the tech giant fulfill its long-term commitment to serve 2 billion customers and create 100 million jobs in 20 years.

Experts have previously said that China was moving more into the research and development of hardcore, cutting-edge technologies. In September, investment bank Goldman Sachs issued a report saying the world's second-largest economy has emerged as a major contender in using artificial intelligence to drive progress.

Other major Chinese tech companies, such as Baidu and Tencent, have in recent years opened research and development labs around the world to develop new technologies.

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From: Sr K10/11/2017 9:16:35 PM
   of 524
On WSJ an hour ago:

The Chinese government is pushing some of its biggest tech companies—including Tencent, Weibo and a unit of Alibaba—to give the state a stake in them and a direct role in corporate decisions.


here's the story

Beijing Pushes for a Direct Hand in China’s Big Tech Firms

Government regulators have discussed stakes in Tencent, Weibo and an Alibaba subsidiary

By Li Yuan

Updated Oct. 11, 2017 7:27 p.m. ET

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