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   Technology StocksAlibaba Group Holding Limited

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From: Glenn Petersen11/20/2019 11:14:08 AM
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Alibaba Group raises $11.2 billion in Hong Kong listing

Dan Primack
November 20, 2019

Alibaba Group raised around $11.2 billion via a secondary share sale in Hong Kong.

Why it matters: It's the largest Hong Kong listing in nearly a decade and returns Alibaba to the exchange where it first listed in 2007 (later it went private and then IPO'd in New York).

Yes, but: Alibaba priced shares at nearly a 3% discount to where they closed trading Tuesday on the NYSE, preventing this from becoming one of the 10 largest global floats of all-time.

The bottom line: "The mega share sale comes as Hong Kong’s economy has been hurt by months of increasingly violent protests and growing anti-China sentiment. Alibaba’s return will please Chinese officials who’ve watched many of the country’s largest private firms flock overseas for capital." — Bloomberg

Go deeper:

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From: Glenn Petersen12/21/2019 11:23:29 AM
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Alibaba Patents Would Secure, Accelerate Its Consortium Blockchain

Dec 20, 2019 at 19:19 UTC

Chinese internet giant Alibaba Group has won two U.S. patents designed to make its blockchain network safer and faster.

One patent aims to reduce the time to verify block data, while the other is designed to help participants set a validity period for a transaction in a blockchain network.

Both of the patents were approved by the U.S. Patent and Trademark Office (USPTO) this week.

The approvals comes at a time with Ant Financial, the fintech arm of Alibaba, announced the launch of its Ant Open Blockchain Alliance, a consortium that aims to finance small and medium-sized businesses on its blockchain-based platform.

According to the patent filing, when data are added to a node the new technology will determine the update verification value of the node by using just the newly added data, not all the data in the block.

“The application will alleviate a problem in the existing technology, that much time is consumed because a verification value is calculated by using all data in a block,” the filing said.

The other patent will be used to set up a validity period for a transaction, meaning participants of a blockchain network can only process the transaction during a certain period of time via either a physical clock or a logical clock, according to Alibaba’s filing.

For example, the blockchain can be a consortium blockchain consisting of a third-party payment platform server, a domestic bank server, a foreign bank server and several user node devices serving as member devices.

The operator of the blockchain can set up a validity period and deploy online services such as cross-border payment and asset transfers, the filing said.

According to a November report from Chinese blockchain analytics firm Block Data on Chinese blockchain patents, Alibaba is one of the top three companies in developing blockchain patents, along with China Telecom and OneConnect, a subsidiary of one of China’s largest insurers, Ping An Insurance.

Alibaba applied for the most blockchain patents in 2018 with 90 blockchain-related technologies, followed by IBM and Bank of America.

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From: Glenn Petersen2/13/2020 10:25:18 AM
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Alibaba marks cloud revenue milestone, pledges support for fight against coronavirus

Alibaba's cloud revenue exceeds 10 billion yuan for the first time in a single quarter, growing 62% to hit 10.72 billion yuan for its third quarter, and the Chinese e-commerce giant pledged to continue providing support to combat the coronavirus outbreak
    By Eileen Yu for By The Way
    February 13, 2020 -- 14:21 GMT (06:21 PST)

    Alibaba Group has marked a new milestone for its cloud business, which revenue crossed 10 billion yuan for the first time in a single quarter to hit 10.72 billion yuan ($1.53 billion). Fuelled by demand in its public and hybrid cloud services, the Chinese tech giant's cloud business climbed 62% year-on-year for its third quarter, ended December 31, 2019.

    Its robust cloud growth helped push the company's total revenue for the quarter to 161.46 billion yuan ($23.1 billion), up 38% from the previous year, while its net income grew 58% to 52.31 billion yuan ($7.49 billion).

    Cloud, though, accounted for just 7% of Alibaba's overall revenue, the bulk of which came from its commerce units, encompassing its retail and wholesale e-commerce as well as logistics businesses.

    While coy over how the Huawei-US debacle may impact other Chinese technology vendors, Alibaba Cloud executives play up their "in Asia, for Asia" focus and investment in the region as a key competitive advantage over its US competitors, including AWS, Microsoft, and Google.

    Contributing 88% of its total revenue, the core commerce segment clocked a revenue growth of 38% for the quarter to hit 141.48 billion yuan ($20.25 billion). It added 18 million active consumers to its retail marketplaces over the previous quarter, to hit 711 million, while mobile active users reached 824 million, up 39 million from the previous quarter.

    More than 60% of its new annual active consumers were from China's less developed areas, Alibaba said.

    Its chairman and CEO Daniel Zhang attributed the growth in active consumers to its investment in improving user engagement, particularly through social commerce content. He added that its 11.11 Global Shopping Festival, or Singles' Day, also saw another record sales last year, clocking 268.4 billion yuan ($38.4 billion) in gross merchandise volume.

    According to Alibaba, transactions during last year's Singles' Day for the first time were hosted on the company's public cloud infrastructure, following the migration of the core systems that supported its e-commerce businesses to its public cloud. The platform helped process more than 544,000 orders per second during peak volume and 970 petabytes of data for the day's transactions.

    The deadline for GDPR compliance is growing near, yet a surprising number of organizations are unprepared to comply with the stringent data protection rules. This resource kit includes a GDPR policy and compliance checklist, a data compliance officer...

    The ongoing coronavirus epidemic, however, could present challenges in the short-term to the company's overall business development, Zhang said during his earnings call with analysts. The outbreak already was affecting China's economy and could spill over to the global economy, said Zhang in a report by South China Morning Post.

    He added that Alibaba was monitoring the challenge and identifying opportunities for the company's business, noting that on its e-commerce business, employees delayed in returning to work following the extended Lunar New Year break were limiting merchants and logistics services providers from resuming full operations.

    Alibaba earlier this week said it was rolling out some 20 measures, including waiving some fees across its online platforms to help affected merchants ride through the epidemic. These included its e-commerce marketplace, Tmall, which would waive service fees over the first half of this year as well as provide services for free to eligible merchants based in the virus epicentre, Hubei.

    Zhang said: "In response to the coronavirus, we mobilised Alibaba ecosystem of commerce and technology to fully support the fight against the outbreak, ensure supply of daily necessities for our communities, and introduced practical relief measures for our merchants. We will support our merchants to overcome this challenging time together."

(Source: Alibaba)

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From: JakeStraw2/14/2020 10:19:48 AM
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Alibaba could enter the Western markets in 5 years time, analyst says

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

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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 /
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.

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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

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From: Rangle5/22/2020 6:45:03 PM
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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

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

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