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Alibaba CEO Calls China's New Fintech Regulations 'Timely And Necessary' After Ant IPO Ax
Monday, November 23, 2020 - 1:26am | 520Read More...Alibaba Group Holding Ltd (NYSE: BABA) CEO Daniel Zhang said that Beijing’s draft rules to prevent monopolistic behavior by China’s internet platforms are “timely and necessary,” Reuters reported Monday (Beijing time) What Happened: Zhang, speaking at the World Internet...
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Alibaba Eyes 1B Annual Active Users By 2024, Picks Up 33% Stake In Ant Financial
Tuesday, September 24, 2019 - 10:10am | 462Read More...Chinese e-commerce giant Alibaba Group Holding Ltd – ADR (NYSE: BABA) took the spotlight Tuesday after detailing a path to 1 billion users by 2024 at its annual investor day and the purchase of a 33% stake in Ant Financial. Swelling User Base Alibaba had 860 million annual active...
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Alibaba Group Reports Q1 Earnings Beat
Thursday, August 15, 2019 - 6:24am | 263Read More...Alibaba Group Holding (NYSE: BABA) shares are trading higher after the company reported better-than-expected first-quarter EPS and sales results. Alibaba reported first-quarter earnings of $1.83 per share, which beat the analyst consensus estimate of $1.46. This is a 50% increase over earnings of $...
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Alibaba Promotes CFO: What It Means For Investors
Tuesday, June 18, 2019 - 9:42am | 367Read More...Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) announced CFO Maggie Wu will be tasked with running the company's strategic investments unit, Reuters reported Tuesday. What Happened Wu will take over responsibility from Executive Vice-Chairman Joe Tsai, who was demoted to...
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Alibaba and Cainiao Invest $1.38 Billion In ZTO Express
Tuesday, May 29, 2018 - 11:03am | 393Read More...A Chinese e-commerce giant struck a notable partnership Tuesday in the country's logistics sector. What Happened Alibaba Group Holding Ltd (NYSE: BABA) and its logistics arm Cainiao announced a strategic agreement Tuesday with ZTO Express (Cayman) Inc (ADR) (NYSE: ZTO), a leading...
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Alibaba's Q4 Print: What You Need To Know
Friday, May 4, 2018 - 10:11am | 351Read More...China-based e-commerce behemoth Alibaba Group Holding Ltd (NYSE: BABA) reported a top-and-bottom-line beat in its fiscal fourth quarter earnings report Friday. What Happened Here's a summary of the figures Alibaba reported from Q4: EPS of 91 cents versus...
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Alibaba Soars As Management Wows Investors In Presentation
Thursday, June 8, 2017 - 7:28am | 387Read More...Shares of Alibaba Group Holding Ltd (NYSE: BABA) soared higher by more than 11 percent early Thursday morning after the company hosted Day One of an Analyst Day presentation. Alibaba's CEO Daniel Zhang and Chief Financial Officer Maggie Wu presented investors with an update to its 2018 outlook,...
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'Blowout Quarter,' Alibaba Says About Itself
Tuesday, January 24, 2017 - 8:18am | 424Read More...Shares of Alibaba Group Holding Ltd (NYSE: BABA) were trading higher by nearly 5 percent early Tuesday morning after the company reported its third-quarter results. In a tweet, Alibaba described its earnings report as being a "blowout quarter," including a "strong" beat on...
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Alibaba's Q3 Top-And-Bottom Line Beat Sends Stock Up
Thursday, January 28, 2016 - 7:31am | 319Read More...Shares of Alibaba Group Holding Ltd (NYSE: BABA) were trading higher by more than 5 percent at $73.25 early Thursday morning after the company reported its third quarter results. Alibaba earned $0.99 per share in its third quarter on revenue of $5.33 billion. Wall Street analysts were expecting...
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$12 Billion And Counting: Alibaba Sets Singles Day Sales Record
Wednesday, November 11, 2015 - 9:24am | 476Read More...Shares of Alibaba Group Holding Ltd (NYSE: BABA) were higher by nearly 2 percent Wednesday morning. Alibaba said that it exceeded the $12 billion mark in gross merchandise volume sold during its annual Singles Day event. The company noted that it surpassed last year's $9.3 billion...
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Alibaba VR?
Tuesday, May 19, 2015 - 2:56pm | 342Read More...Shares of Intime Retail Group Co Ltd (HKG: 1833) marched higher following news that Alibaba Group Holding Ltd (NYSE: BABA) CEO Daniel Zhang would become its chairman, according to a report originally published in the Financial Times, which noted that the "real and unreal collide frequently...
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Alibaba: Investing Abroad Key To Surviving Next 100 Years
Thursday, May 14, 2015 - 7:37am | 297Read More...By many definitions, Alibaba Group Holding Ltd (NYSE: BABA) has conquered the local Chinese e-commerce market. However, this isn't enough for the company's new Chief Executive Officer Daniel Zhang, who said the company needs to look outside of China to remain relevant over the long-term. Zhang,...
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What Are Alibaba's Plans For Expansion? Incoming CEO Daniel Zhang Reveals
Thursday, May 7, 2015 - 4:11pm | 399Read More...Alibaba Group Holding Ltd (NYSE: BABA) posted solid quarterly earnings earlier Thursday, causing its stock to open strong and trade up more than 7 percent. Daniel Zhang, incoming chief executive officer at Alibaba, was on Bloomberg TV following the result declaration to discuss the company...
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Alibaba's Incoming CEO: Mobile Take Rate Will Continue To Increase
Thursday, May 7, 2015 - 2:37pm | 390Read More...Alibaba Group Holding Ltd (NYSE: BABA) reported better-than-expected quarterly earnings Thursday. Revenue for the company rose 45 percent year-over-year to $2.81 billion, while analysts were expecting the company to report revenue of $2.77 billion. Additionally, transactions from mobile saw a...
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Meet Alibaba's New CEO, Daniel Zhang
Thursday, May 7, 2015 - 9:14am | 420Read More...Shares of Alibaba Group Holding Ltd (NYSE: BABA) spiked higher by 10 percent Thursday after the company reported its fourth quarter and full year results while also announcing that Daniel Zhang, currently Chief Operating Officer of Alibaba will take over as Chief Executive Officer as of May 10...
