SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksAlibaba Group Holding Limited


Previous 10 Next 10 
From: JakeStraw2/14/2020 10:19:48 AM
   of 800
 
Alibaba could enter the Western markets in 5 years time, analyst says
msn.com

Share RecommendKeepReplyMark as Last Read


From: Glenn Petersen3/23/2020 6:10:07 AM
   of 800
 
Possible bad news for BABA: Message 32625716

Share RecommendKeepReplyMark as Last Read


From: Glenn Petersen4/20/2020 5:43:44 PM
   of 800
 
Alibaba Cloud will invest $28 billion more into its infrastructure over the next three years

Catherine Shu @catherineshu /
TechCrunch
1:30 am CDT • April 20, 2020

Alibaba Cloud announced today that it will invest another RMB 200 billion (or about $28 billion) into its infrastructure over the next three years, prompted in part by increased demand for services like video conferencing and live streaming as businesses adapt to the COVID-19 pandemic.

The investment will focus on expanding Alibaba Cloud’s technology, including its operating system, servers and chips, in its data centers. The provider currently has 63 availability zones, located in Asia, Australia, the Middle East, Europe and the United States.

In press statement, Jeff Zhang, president of Alibaba Cloud Intelligence and chief technology officer of Alibaba Group, said, “By increasing our investment on cloud infrastructure and fundamental technologies, we hope to continue providing world-class, trusted computing resources to help businesses speed up the recovery process, and offer cloud-based intelligent solutions to support their digital transformation in the post-pandemic world.”

In its last quarterly earnings report, issued in February, Alibaba reported cloud revenue grew 62% to $1.5 billion. Alibaba Cloud is the top cloud provider in the Asia Pacific market, according to Gartner.

techcrunch.com

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Glenn Petersen who wrote (706)5/22/2020 10:22:53 AM
From: Glenn Petersen
   of 800
 
Alibaba Group Announces March Quarter and Full Fiscal Year 2020 Results

businesswire.com

Share RecommendKeepReplyMark as Last Read


From: Rangle5/22/2020 6:45:03 PM
   of 800
 
This will be a buy at some point
.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Rangle who wrote (708)5/24/2020 6:03:57 PM
From: Glenn Petersen
   of 800
 
$BABA got hit by two bricks on Friday: a bad earning report and the potential threat of delisting:

Senate Passes Bill to Delist Chinese Companies From Exchanges

bloomberg.com

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: Glenn Petersen who wrote (709)5/24/2020 8:26:29 PM
From: John Carragher
   of 800
 
i assume a buying opportunity coming up?

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: John Carragher who wrote (710)5/24/2020 8:37:07 PM
From: Glenn Petersen
   of 800
 
Probably. They appear to have weathered the COVID storm and aren't facing any real pushback as they continue to expand overseas. Plus they don't have to worry about western companies entering their domestic market. Amazon should be so lucky. The negative, as always, corporate governance and a lack of transparency. Always a trading stock for me.

Share RecommendKeepReplyMark as Last Read


To: Glenn Petersen who wrote (709)5/25/2020 6:57:35 PM
From: Rangle
   of 800
 
I took a small loss on the options...should short it.....

Share RecommendKeepReplyMark as Last Read


From: Glenn Petersen6/19/2020 9:11:53 AM
1 Recommendation   of 800
 
Alibaba and JD.com handle a record $136.51 billion in sales during major Chinese shopping event

Published Fri, Jun 19 20201:48 AM EDT
Updated 5 hours ago
Arjun Kharpal
CNBC.com

Key Points
  • China’s two biggest e-commerce giants Alibaba and JD.com handled $136.51 billion of sales through their platforms during one of the country’s biggest shopping events.
  • Known as 618 because it falls on June 18, the festival was being closely watched for signs about the health of the consumer in China.
  • The record numbers on 618 may point to a recovery with the Chinese consumer.
China’s two biggest e-commerce giants Alibaba and JD.com handled $136.51 billion of sales through their platforms during one of the country’s biggest shopping events.

Known as 618 because it falls on June 18, the festival was being closely watched for signs about the health of the consumer in the world’s second-largest economy, as it looks to recover from the coronavirus pandemic.

JD.com said transaction volume totaled 269.2 billion yuan ($37.99 billion). This figure is the total value of all orders for products and services placed on the company’s online platform, regardless of whether the goods are sold, delivered or returned. That was more than the 201.5 billion yuan in transaction volume last year.

Meanwhile, Alibaba said gross merchandise value or GMV stood at 698.2 billion yuan ($98.52 billion). GMV is a figure that shows sales across the e-commerce giant’s shopping platforms.

In China, there are two major shopping events. The first, 618, was started by JD.com. The second, Singles Day on Nov. 11, was created by Alibaba. But nowadays, both e-commerce firms join in on the promotions amid rising competition in the country’s online shopping space.

Alibaba raked in record GMV of 268.4 billion yuan on Singles Day last year. Its 618 GMV is over two times that figure.

The record numbers on 618 may point to a recovery with the Chinese consumer. Retail sales fell 2.8% in May from a year ago, but online sales of physical consumer goods rose 15.6%. JD.com and Alibaba have benefited from the acceleration of the shift to online shopping in China.

JD.com’s U.S.-listed shares are up 72.5% this year while Alibaba has risen 5.4%.

Both companies also carried out secondary listings in Hong Kong. Alibaba listed shares in Hong Kong in November while JD.com’s shares started trading on Thursday.

cnbc.com

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10