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Alibaba Group Holding Limited latest news:
China's Sun Art partners Alibaba to boost store efficiency; shares jump
Sun Art Retail Group, China's top hypermart operator, said on Friday its stores will use Alibaba Group Holding Ltd's software solutions and online transaction data to improve business efficiency, sending its shares up 5 percent.
Ford’s Deal With Alibaba Leaves OEM’s Financial Arm Out of China
Ford Motor Co. signed a letter of intent Thursday with the world’s largest retailer — Chinese e-commerce company Alibaba Group — which will allow the companies to explore new ways to purchase and finance vehicles in a fast-growing market. However, in the current unfinalized version of the deal, financing will be provided through Alibaba’s affiliate […]
Exclusive: Ford set for China tie-up with Alibaba to test online, direct auto sales - source
BEIJING (Reuters) - Ford Motor Co is expected to sign as early as Thursday a deal with Alibaba Group Holding Ltd which may allow the U.S. automaker to test selling cars to consumers in China through Alibaba's online retail arm Tmall, as well as via a new “auto vending machine” store concept, according to a Ford source familiar with the matter.
Russian state fund RDIF plans to invest in Yandex taxi business
The Russian Direct Investment Fund plans to invest in Yandex's (YNDX) ride-sharing unit Yandex.Taxi and will partner with China's Alibaba (BABA) in investing in other internet projects in Russia, the state fund's CEO said on Tuesday.
CORRECTED-(OFFICIAL)-Russia's RDIF says plans to invest in Yandex taxi business - Ifax
MOSCOW, Dec 5 (Reuters) - The Russian Direct Investment Fund
(RDIF) plans to invest in Yandex's ride-sharing unit
Yandex.Taxi and will partner with China's Alibaba in
investing in other internet projects in Russia, Interfax news
agency quoted the state fund's CEO as saying on Tuesday.
Alibaba to Offer Up to $7 Billion in Debt
Alibaba is planning to issue up to $7 billion of dollar-denominated bonds
Chinese e-commerce giant Alibaba Group Holding Ltd. has started marketing a dollar-denominated bond deal in its second visit to the bond markets in three years, The Wall Street Journal reported Wednesday. The deal is expected to include maturities stretching from 5.5 years to 40 years, the WSJ said, and to be sized at up to $7 billion. Proceeds of the deal will be used for general corporate purposes, including to invest in long-term cash flow growth, according to research firm CreditSights. Alibaba has a single A rating from Moody's and S&P. The company's most active bonds, the 3.600% notes that mature in November of 2024, last traded at 102.883 cents on the dollar to yield 3.123%, or at a yield spread of 79 basis points over comparable Treasurys. The company's stock was slightly higher premarket, and has gained 113% in 2017, while the S&P 500 has gained 17%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Alibaba issues price guidance for 5-tranche, benchmark dollar bond - term sheet
Chinese internet giant Alibaba Group Holding Ltd (BABA) on Wednesday issued pricing guidance for a multi-tranche benchmark dollar bond, which is expected to price during New York hours, according to a term sheet seen by Reuters.
Alibaba markets five-tranche US dollar bonds
Alibaba Group Holding(BABA), rated A1/A+/A+, is marketing five tranches of US dollar bonds in its second such offering. The Chinese technology giant's SEC-registered notes have tenors of 5.5, 10, 20, 30 and 40 years and are marketing at initial price guidance of Treasuries plus 100 basis points area, 125-130bp, 140bp area, 160bp area and 180bp area, respectively.
BRIEF-Alibaba Group Announces Proposed Offering Of Senior Unsecured Notes
Alibaba Group Holding Ltd(BABA): * ALIBABA GROUP ANNOUNCES PROPOSED OFFERING OF SENIOR UNSECURED NOTES. * ALIBABA PLANS TO USE NET PROCEEDS FOR GENERAL CORPORATE PURPOSES Source text for Eikon: Further company coverage: ))
Cavium and Alibaba rise while Merck and Marathon Oil fall
Cavium and Alibaba Group Holdings climb while Merck and Marathon Oil slip
Alibaba goes offline with $2.9 billion stake in China's top grocer
Alibaba said on Monday that it will invest $2.87 billion for a major stake in China's top hypermart operator.
UPDATE 2-Alibaba goes offline with $2.9 bln stake in China's top grocer
* Says part of a wider effort to integrate data and physical
(Adds analyst quote, share price, context)
BRIEF-Alibaba Group, Auchan Retail and Ruentex form new retail strategic alliance
Alibaba Group Holding Ltd(BABA): * ALIBABA GROUP (BABA), AUCHAN RETAIL AND RUENTEX FORM NEW RETAIL STRATEGIC ALLIANCE. * ALIBABA GROUP (BABA) -CO WILL INVEST A TOTAL OF ABOUT $2.88 BILLION TO OBTAIN DIRECT AND INDIRECT STAKE OF 36.16% IN SUN ART RETAIL BY BUYING SHARES FROM RUENTEX. * ALIBABA GROUP HOLDING (BABA)- DEAL WILL GIVE AUCHAN RETAIL, ALIBABA GROUP AND RUENTEX ABOUT A 36.18%, 36.16%, AND 4.67% INTEREST ...
Alibaba's $25 Billion Sales Day Shows Its Best Days Are Yet to Come
Alibaba is on fire.
BRIEF-Enjoyor signs framework agreement with Alibaba Cloud
Enjoyor Co Ltd. * Says it signs framework agreement with Alibaba Cloud. Source text in Chinese: http://bit.ly/2ALLXFg. Further company coverage:
Alibaba, China's E-Commerce Giant, Made More Than $25 Billion On Single's Day
The Chinese company Alibaba just celebrated Single's Day, a sale that this year racked in more than $25 billion. That dwarfs Black Friday and Cyber Monday sales in the United States.
China's 24-hour online shopping binge tops $1.5 billion in first three minutes
SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba said sales topped 10 billion yuan ($1.51 billion) in just over three minutes from the opening of Singles' Day, an annual online discount sales gala that has become the world's biggest shopping spree.
Alibaba's stock rallies toward record close after analyst boosts price target
Shares of Alibaba Group Holding Ltd. ran up 2.3% in morning trade Monday, on track for a record close, after Oppenheimer raised its price target on the back of "another strong quarter." Last Thursday, the stock had hit an all-time intraday high of $191.22 after earnings and profit beat expectations, but the stock turned lower to close 0.7% below its Nov. 1 record close of $186.08, amid margin concerns. Oppenheimer analyst Jason Helfstein raised his stock price target to $220 from $200, as Alibaba's results have made him more bullish on valuations for the company's AliCloud and Ant Financial businesses, which offsets any concerns over lower retail margins. He reiterated the outperform rating he's had on the stock since he started covering it three years ago. "Overall, we believe [Alibaba] is uniquely positioned to benefit from the rise of Chinese middle-class consumption," Helfstein wrote in a note to clients. The stock has more than doubled year to date, while U.S.-based rival Amazon.com Inc. shares have rallied 50% and the S&P 500 has gained 16%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Alibaba revenues surge 61% on online shopping
The Chinese e-commerce giant is expanding into bricks-and-mortar stores to fuel growth.
BRIEF-Shiji Information Technology signs framework agreement with Alibaba Investment
Nov 2 (Reuters) - Beijing Shiji Information Technology Co
BRIEF-Magic leap announces $502 million in series D funding
Magic Leap: * Magic Leap announces $502 million in series D funding. * Augmented reality company Magic Leap says series D equity funding led by Temasek and with participation from strategic and financial investors. * Says existing investors participating in financing include Alibaba Group (BABA), Google Llc, J.P. Morgan Investment Management, among others Source text:
BRIEF-Alibaba Health Information Technology enters supply framework agreement with Alibaba Singapore
Alibaba Health Information Technology Ltd(ALBHF). * On Oct 15, co entered into supply framework agreement with Alibaba Singapore. * shall procure group to supply to Alibaba (BABA) group various products including but not limited to health products. * Total value of products to be supplied to Alibaba Group (BABA) shall be not more than HK$10 mln Source text for Eikon: Further company coverage:
JD.com shares are a better deal than Alibaba's: Barron's
NEW YORK (Reuters) - Shares of China's No.2 e-commerce firm JD.com are a better deal for investors than Alibaba Group's stock and could rise 30 percent or more over the next year, Barron's said on Sunday.
JD.com shares are a better deal than Alibaba's -Barron's
Shares of China's No.2 e-commerce firm JD.com (JD) are a better deal for investors than Alibaba Group's (BABA) stock and could rise 30 percent or more over the next year, Barron's said on Sunday.
BRIEF-Alibaba Group says to invest over $15 bln in R&D over next 3 years
* Alibaba group holding - announced launch of global
research program, alibaba damo academy, designed to increase
technological collaboration worldwide
BRIEF-JC Finance & Tax Finance's unit signs cooperation agreement with company under Alibaba
JC Finance & Tax Finance Interconnect Holdings Ltd. * Says its unit signs cooperation agreement with company under Alibaba (BABA). Source text in Chinese: http://bit.ly/2z7Jrc8. Further company coverage:
Alibaba denies Tsai in deal talks with NBA's Brooklyn Nets
(Reuters) - Chinese internet conglomerate Alibaba Group Holding Ltd denied on Thursday that its vice chairman, Joseph Tsai, is in advanced talks to buy a stake in the Brooklyn Nets of the National Basketball Association.
BRIEF-Alibaba Pictures Group says unit entered deal to sell part stake in Wormhole SG
* Unit entered deal with UCWeb SG, a unit of AGH & unit of
Alibaba-backed logistics firm Best slashes proposed US IPO-IFR
HONG KONG, Sept 19 (Reuters) - Best Inc, a Chinese logistics
company backed by Alibaba Group, slashed its proposed
U.S. initial public offering after receiving tepid response from
investors to its initial valuation, IFR reported on Tuesday,
citing people close to the deal.
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