Alibaba profits almost triple as it approaches IPO August 27, 2014 Chinese ecommerce giant Alibaba has almost tripled profits in the three months to the end of June. The company, which is thought to be gearing up to float on the New York Stock Exchange in the next few weeks, filed papers with the US Securities and Exchange Commission showing profits jumped to 12.34bn yuan (£1.2bn), [...]
Chinese property company offers £200,000 discount on homes to Alibaba users August 27, 2014 Shop on Amazon and you might receive discount on a box of wine. Use Alibaba, and you could get money off mortar. Chinese builders need new methods to attract buyers: the country has enough floor space on sale to satisfy four years of demand, and over 90 per cent of households own the bricks and mortar [...]
Alibaba picks NYSE over Nasdaq June 26, 2014 CHINESE e-commerce group Alibaba has decided to list on the New York Stock Exchange (NYSE) where it is expected to raise up to $20bn (£11.7bn) in one of the largest US technology floats. Alibaba, which handles over 80 per cent of online retail transactions in the world’s second-largest economy, will list under the ticker “BABA” [...]
Alibaba reports slowing growth ahead of float June 16, 2014 ALIBABA Group, the Chinese e-commerce giant aiming for the largest stock market float in history, yesterday said revenue growth slowed dramatically last quarter, causing shares in co-owner Yahoo to tumble. The group, which wants to beat Facebook’s mammoth $15bn initial public offering by generating a market cap of $170bn, said fourth quarter revenue rose 38 [...]
Chinese behemoth Alibaba unveils blockbuster float plan May 6, 2014 CHINESE web giant Alibaba last night unveiled plans for one of the biggest stock market floats ever, giving investors a rare chance to tap the country’s burgeoning consumer market. Alibaba, which offers similar services to those of western tech companies Amazon, eBay and PayPal all rolled into one combined offering for selling goods online, published [...]
Why Alibaba’s IPO will be the biggest tech float in history April 16, 2014 Alibaba, the Chinese e-commerce giant, is on track to reach a $188bn (£111.9bn) market valuation when it floats on the US stock market in coming weeks and is expected to raise $16bn, making it the biggest technology float in history. The debut, if it reaches IG’s grey market mid-point of trading, will surpass Facebook (which [...]
Yahoo boosted by Alibaba April 15, 2014 STRUGGLING internet icon Yahoo last night reported sluggish revenue growth for the first quarter of 2014. But its shares were boosted by strong revenues at Alibaba, a Chinese firm in which Yahoo has a 24 per cent stake. Yahoo’s revenues edged up one per cent to $1.09bn (£652m) but net income fell 25 per cent [...]
CNBC Comment: Alibaba float splits investor opinion March 24, 2014 FROM advisers to potential investors, many are salivating over the forthcoming Alibaba listing stateside. Investors who dabbled in Facebook and Twitter will now have access to the champion of Chinese internet players, where e-commerce is booming. According to China Internet Network Information Center, China ended 2013 with 618m internet users, 500m of which were mobile [...]
Why Yahoo shares are jumping on Alibaba market debut March 17, 2014 Investors are proving just how excited they are about the news that Alibaba, the Chinese e-commerce giant, is heading for a market debut. Yahoo shares rose over four per cent at the opening bell, and leapt almost six per cent in pre-market trading today. That’s no surprise: Yahoo owns a 24 per cent stake in [...]