Streetbeat News

BABAF

Alibaba Group Holding Ltd

http://www.alibabagroup.com

CEO

Yong Zhang

Employees

254,941

Industry

Software Publishers

Open

11.00

Mkt cap

211B

Volume

100

High

11.00

P/E Ratio

18.03

52-wk high

14.96

Low

11.00

Div yield

0.03

52-wk low

8.08

Derek Yan from KraneShares highlights China's rapid AI adoption, with major internet companies like Alibaba, Tencent, and JD.com leading the charge. U.S. investors can access these opportunities through the KraneShares Hang Seng TECH Index ETF (KTEC).

Portfolio Pulse from Surbhi Jain

September 11, 2024 | 7:16 pm

Alibaba's Hong Kong shares rose over 4% after being included in the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs, allowing Mainland China investors greater access. This inclusion is expected to enhance liquidity and broaden Alibaba's investor base.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 2:59 am

Alibaba (NYSE:BABA) and JD.com (NASDAQ:JD) are set to report earnings, with Alibaba showing a bullish trend and JD.com facing mixed signals. Analysts are generally bullish on both stocks, but Alibaba has a stronger technical position and higher potential upside.

Portfolio Pulse from Surbhi Jain

August 14, 2024 | 3:18 pm

The European Union is considering abolishing the 150 Euro duty-free threshold for online purchases, targeting Chinese retailers like Shein and Temu. This follows similar regulatory challenges faced by these companies in the U.S. The new rules could increase the workload for EU customs officials and require large platforms to register for VAT payments.

Portfolio Pulse from Benzinga Neuro

July 03, 2024 | 11:51 am

Alibaba Group Holding Ltd (NYSE:BABA) is nearing a Golden Cross, signaling potential bullish momentum. Despite recent bearish trends, Alibaba's robust e-commerce business, significant AI capabilities, and expansion in the Chinese cloud industry are noteworthy growth drivers. The company's strong financial position and strategic investments in AI and cloud computing indicate a promising outlook.

Portfolio Pulse from Surbhi Jain

June 17, 2024 | 5:22 pm

Broadcom Inc. (NASDAQ: AVGO) is making significant strides in the datacenter and AI Ethernet switching market, holding an 80% market share. JPMorgan analyst Harlan Sur highlights Broadcom's innovation with its Tomahawk series, which is ahead of competitors like Nvidia, Marvell, and Cisco. Broadcom's AI networking silicon revenues are expected to triple in 2024, driven by the upcoming Tomahawk 6 chipset. The company is also working on the 2nm Tomahawk 7, ensuring it stays ahead in the market.

Portfolio Pulse from Surbhi Jain

June 17, 2024 | 12:04 pm

Alibaba Group Holding Ltd (NYSE:BABA) plans to raise $4.5 billion through convertible bonds to fund share buybacks amidst fierce competition and a slow Chinese economic recovery. The bonds have a 0.5% coupon and a conversion price set at $105.04 per ADS. Despite the strategic move, Alibaba's stock has shown mixed technical signals and has experienced a recent decline.

Portfolio Pulse from Surbhi Jain

May 24, 2024 | 2:14 pm

David Tepper, founder of Appaloosa Management, has increased his holdings in Chinese companies, making Alibaba his top holding. He has trimmed stakes in major U.S. tech companies like Nvidia, Microsoft, Amazon, Meta, and Alphabet. Tepper's bullish stance on China has driven up stocks like Alibaba and the iShares China Large-Cap ETF.

Portfolio Pulse from Surbhi Jain

May 16, 2024 | 6:34 pm

JD.com Inc (NASDAQ:JD) and Baidu Inc (NASDAQ:BIDU) are set to report their Q1 2024 earnings. JD.com, a major player in China's e-commerce market, and Baidu, a leader in search engine and AI technology, offer compelling investment opportunities. Analysts have a consensus buy rating for both, with potential upsides of 16.1% for JD and 40.0% for Baidu.

Portfolio Pulse from Surbhi Jain

May 15, 2024 | 8:53 pm

Alibaba and Tencent, two of China's tech giants, reported their earnings with Alibaba facing investment losses impacting its stock despite revenue growth, while Tencent showed strong revenue growth and profit increase. Both companies face regulatory challenges in China, including directives to reduce spending on foreign-made chips. Analysts favor Alibaba for a higher upside potential despite its recent challenges.

Portfolio Pulse from Surbhi Jain

May 14, 2024 | 8:37 pm

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