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   Technology StocksAlibaba Group Holding Limited


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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

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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

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

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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

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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?

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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.

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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.....

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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

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To: Glenn Petersen who wrote (713)7/8/2020 11:29:33 AM
From: Glenn Petersen
   of 800
 
Exclusive: Alibaba's Ant plans Hong Kong IPO, targets valuation over $200 billion, sources say

Julie Zhu
Reuters
June 8, 2020

HONG KONG (Reuters) - Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the matter.



FILE PHOTO: The logo of Ant Financial Services Group, Alibaba's financial affiliate, is pictured at its headquarters in Hangzhou, Zhejiang province, China January 24, 2018. Picture taken January 24, 2018. REUTERS/Shu Zhang/File Photo
-----------------------------

The world’s most valuable tech “unicorn” had been looking to sell shares in Hong Kong and mainland China simultaneously, but is now leaning heavily towards the Asian financial hub first because it would probably face a smoother listing process, the sources and a third person with knowledge of the matter said.

It is looking at selling between 5% and 10% of its shares in an initial public offering, said one of the sources, in what would be one of the world’s biggest listings this year.

The company has been working with its advisers on the planned float in recent months, said the sources, who cautioned that details have yet to be finalized and are subject to change.

In response, Ant said the information about its IPO plans was incorrect. Alibaba did not immediately respond to a request for comment.

The sources sought anonymity as the information was private.

Ant, based in China’s eastern city of Hangzhou, is 33% owned by Alibaba Group Holding Ltd ( BABA.N) ( 9988.HK) and is controlled by Alibaba founder Jack Ma.

Although valued at about $150 billion in its last funding round in 2018, small trades in the secondary market late last year gave it an implied valuation of $200 billion.

Ant is China’s dominant mobile payments company, offering loans, payments, insurance and asset management services via mobile apps.

However, recent years have seen it emphasise its technology prowess amid increased regulatory scrutiny of financial risk.

The company wants to be referred to in English as “Ant Group Co,” its spokeswoman said. It won regulatory approval in May to change its legal name in Chinese to Ant Technology Group Co.

Ant generated revenue of about 120 billion yuan ($17.10 billion) last year and almost 17 billion yuan in net profit, according to financial documents seen by Reuters.

Ant said the information was incorrect.

A Hong Kong listing of Ant - one of the world’s most hotly-anticipated IPOs - would be a boost to the city’s status as a global capital markets centre as its leaders come under fire for China’s imposition last month of a tough national security law.

This year, however, capital-raising has been helped by the broader tension between China and the United States, with several U.S.-listed Chinese firms planning secondary listings in Hong Kong to help establish an investor base closer to home.

In November, Alibaba itself raised $12.9 billion in a secondary listing.

Reporting by Julie Zhu; Additional reporting by Kane Wu; Editing by Jennifer Hughes and Clarence Fernandez

reuters.com

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From: Glenn Petersen7/20/2020 9:01:05 AM
   of 800
 
BABA owns 33% of Ant Financial.

Chinese fintech giant Ant to go public in dual Shanghai-Hong Kong IPO

PUBLISHED MON, JUL 20 20205:39 AM EDT
UPDATED AN HOUR AGO
Ryan Browne @RYAN_BROWNE_
CNBC.com

KEY POINTS

-- Ant Group said Monday that it would list its shares on both the Shanghai stock exchange’s STAR board and the Hong Kong stock exchange.

-- The firm is best known as the parent company of Alipay, which alongside Tencent’s WeChat Pay has become wildly popular in China.

-- With a reported valuation of $150 billion, Ant’s listing could mark one of the biggest IPOs of 2020



Eric Jing, CEO of Ant Financial
Bobby Yip | Reuters
--------------------------------

Chinese fintech firm Ant Group has begun the process of a concurrent initial public offering in Shanghai and Hong Kong.

Ant, an affiliate of e-commerce giant Alibaba, said Monday that it would list its shares on both the Shanghai stock exchange’s STAR — a Nasdaq-style tech board — and the Hong Kong stock exchange. The dual listing will help Ant “accelerate its goal of digitizing the service industry in China,” the company said.

“Becoming a public company will enhance transparency to our stakeholders, including customers, business partners, employees, shareholders and regulators,” Ant CEO Eric Jing said in a statement. “Through our commitment to serving the under-served, we make it possible for the whole of society to share our growth.”

Ant Group, formerly known as Ant Financial, did not disclose how much it was seeking to raise in the dual IPOs or when it would go public. Ant is best known as the firm behind the Alipay mobile wallet, which alongside Tencent’s WeChat Pay has become a wildly popular alternative to cash in China.

It is the world’s largest so-called “unicorn” company, with a reported valuation of $150 billion. The company’s listing could mark one of the biggest IPOs of 2020, in the face of a tough global economic environment caused by the coronavirus pandemic. The firm is reportedly seeking a $200 billion valuation.

Listing on the STAR board would mark a major win for China, which is looking to attract local tech stars to the mainland Chinese market. Last week, China’s biggest chipmaker SMIC debuted on the STAR market, seeing its shares more than triple in the first day of trading.

It also shows that Hong Kong may still be seen as an attractive option for companies, despite domestic and geopolitical tensions over the introduction of a new national security law in the special autonomous region last month.

—CNBC’s Arjun Kharpal contributed to this report.

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