Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. The company operates Taobao Marketplace, a mobile commerce destination; Tmall, a third-party online and mobile commerce platform for brands and retailers; Alibaba Health Internet platforms for pharmaceutical and healthcare products; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, an e-commerce platform; and Tmall Global, an import e-commerce platform. It also operates Lingshoutong, a digital sourcing platform; Cainiao Network logistic services platform; Ele.me, a delivery and local services platform; Koubei, a restaurant and local services guide platform; and Fliggy, an online travel platform. In addition, the company offers pay-for-performance and display marketing services; and Taobao Ad Network and Exchange, a real-time bidding online marketing exchange. Further, it provides elastic computing, database, storage, virtualization network, large-scale computing, security, management and application, big data analytics, and Internet of Things and other services for enterprises; payment and escrow services; and movies, television series, variety shows, animations, and other video content. Additionally, the company operates Youku, an online video platform; Alibaba Pictures and other content platforms that provide online videos, films, live events, news feeds, literature, music, and others; Amap, a mobile digital map, navigation, and real-time traffic information app; DingTalk, a business efficiency app; and Tmall Genie, an AI-powered smart speaker. The company was founded in 1999 and is based in Hangzhou, the People's Republic of China.
IPO Year: 2014
Exchange: NYSE
Website: alibabagroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | $145.00 | Neutral → Outperform | Macquarie |
| 2/8/2024 | $88.50 → $85.40 | Outperform → Neutral | Macquarie |
| 1/17/2024 | $120.00 → $100.00 | Buy | Mizuho |
| 12/1/2023 | $110.00 → $90.00 | Overweight → Equal-Weight | Morgan Stanley |
| 11/1/2023 | Buy | UBS | |
| 8/11/2023 | $120.00 | Hold → Buy | DZ Bank |
| 6/27/2023 | $130.00 → $98.00 | Outperform → Mkt Perform | Bernstein |
| 7/20/2022 | $115.00 → $130.00 | Mkt Perform → Outperform | Bernstein |
| 5/16/2022 | $75.00 → $130.00 | Underweight → Overweight | JP Morgan |
| 4/11/2022 | $185.00 | Buy | Goldman |
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba," "Alibaba Group" or the "Company") today announced the pricing of (i) an offering of US$2.65 billion aggregate principal amount of U.S. dollar-denominated senior unsecured notes, consisting of: US$1,000,000,000 4.875% notes due 2030 at an issue price per note of 99.838%; US$1,150,000,000 5.250% notes due 2035 at an issue price per note of 99.649%; and US$500,000,000 5.625% notes due 2054 at an issue price per note of 99.712% (collectively, the "USD Notes"); and (ii) an offering of RMB17 billion aggregate principal amount of RMB-denominated senior unsecured notes, consisting of: RM
NEW YORK, Nov. 19, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ:SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce its inclusion in the NASDAQ Golden Dragon China Index, marking an important milestone in the Company's growth journey. The NASDAQ Golden Dragon China Index is a benchmark for tracking Chinese companies listed on U.S. exchanges, offering investors a window into the dynamic growth opportunities within China's economy, particularly in sectors like digital services, technology, new consumer markets, and clean energy. This prestigious index includes leading Chinese companies like Alibaba (NYSE:BABA), JD.com (
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba," "Alibaba Group" or the "Company") today announced that it proposes to concurrently offer U.S. dollar-denominated senior unsecured notes ("the USD Notes") and RMB-denominated senior unsecured notes (the "RMB Notes," and together with the USD Notes, the "Notes"), subject to market and other conditions. The offering of the USD Notes and the offering of the RMB Notes are not inter-conditional with each other. The principal amount, interest rates, maturity dates and other terms of the Notes will be determined at the time of pricing of the offering. Alibaba intends to use the net proceeds
Taobao and Tmall Group ("Taobao and Tmall"), Alibaba Group's China commerce retail business, announced that it achieved robust growth in Gross Merchandise Volume ("GMV") and a record number of active buyers during its 16th annual 11.11 Shopping Festival ("11.11" or the "Festival"). "Consumer participation in this year's 11.11 reached a historic high, underscoring the impact of our ongoing efforts to enhance the consumer experience and setting the industry benchmark for business operating environment for merchants," said Bo Liu, Vice President of Alibaba Group and President of Tmall. "We are pleased to see that 88VIP members, who have the greatest consumption power on our platform, served
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced that it will report its unaudited financial results for the quarter ended September 30, 2024 before the U.S. market opens on Friday, November 15, 2024, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Hong Kong Time) the same day. All participants must pre-register to join this conference call using the Participant Registration link below: English: https://s1.c-conf.com/diamondpass/10042440-pohtg.html Chinese: https://s1.c-conf.com/diamondpass/10042441-ywtss.html Upon registration, each part
Through its new initiative, AliExpressDirect, the e-commerce platform will enable local businesses to access its unique and growing customer base LOS ANGELES, Oct. 30, 2024 /PRNewswire/ -- AliExpress, an international online retail marketplace under Alibaba International Digital Commerce Group, today announced it is welcoming U.S.-based retailers to the platform through its AliExpressDirect initiative. AliExpressDirect aims to support homegrown businesses by enabling them to reach AliExpress' unique, diverse, and growing customer base. As part of a special introductory period,
Company to Support the Sales and Marketing of OPKO's Products on Additional E-Commerce Platforms and on Social Media Channels in China and into the Large Japanese Health and Wellness Market COCONUT GROVE, Fla. and MIAMI, Oct. 7, 2024 /PRNewswire/ -- NextPlat Corp (NASDAQ:NXPL, NXPLW))) ("NextPlat" or the "Company"), a global e-commerce provider, today announced a significant expansion of its exclusive e-commerce distribution agreement with OPKO Health, Inc. (NASDAQ:OPK) ("OPKO") for the online sales of its OPKO Health Europe products in China including securing a new four-year extension and approval to exclusively market its products in Japan.
The card offers benefits such as 3% cashback and a 90-day order protection, aiming to enhance value for small businesses in global sourcing LAS VEGAS, Sept. 5, 2024 /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce and a business unit of Alibaba International Digital Commerce Group, announced a partnership with Mastercard and Cardless to offer a co-branded credit card designed to reward businesses for cross-border and domestic sourcing purchases through Alibaba.com. Created to meet the needs of small business owners, the Alibaba.com Business Edge Credit Card will be the company's first co-branded U.S. credit card.
The platform's premier B2B e-commerce event marks the launch of its first co-branded credit card, upgraded financial and logistics solutions for U.S. businesses LAS VEGAS, Sept. 5, 2024 /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce and a business unit of Alibaba International Digital Commerce Group, today announced its new artificial intelligence (AI)-powered sourcing agent, along with new financial and logistics solutions, at its second annual CoCreate conference, which kicks off in Las Vegas today. These solutions will help small and medium-sized enterprises (SMEs) increase sourcing efficiency and more easily navigate cross-border trade.
HANGZHOU, China, Sept. 4, 2024 /PRNewswire/ -- Alibaba International Digital Commerce Group ("Alibaba International") today concluded its Global E-commerce Challenge (GEC) 2024 with a global finals event in Hangzhou, China, spotlighting exceptional young innovators worldwide. Launched in 2021, the GEC aims to attract and engage young talents globally to shape the future of e-commerce. The 2024 edition of the competition, focused on exploring ways to elevate online shopping with artificial intelligence (AI), was open for applications to university students and recent university
The People’s Bank of China (PBOC) has executed an unscheduled lending operation at significantly lower rates, indicating a potential increase in monetary stimulus to support the economy. What Happened: The PBOC conducted a medium-term lending facility (MLF) operation, issuing 200 billion yuan ($27.5 billion) in one-year loans at a rate of 2.30%, a 20 basis point decrease from the previous MLF loan, Reuters reported. This move follows the bank’s decision to cut several benchmark lending rates just days after a key leadership meeting that outlined major reforms. The central bank also injected 235.1 billion yuan into the market through seven-day reverse repos at 1.70%. This cash injection
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Consumer Discretionary sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume BABA CALL TRADE BULLISH 08/02/24 $79.00 $27.0K 2.4K 1.7K SBUX CALL TRADE B
NetEase Inc (NASDAQ:NTES) shares experienced their most enormous intraday surge in a month in Hong Kong as the company prepares to launch the mobile version of its major summer release, Naraka Bladepoint. The Hangzhou-based publisher expects to generate 6.4 billion yuan ($880 million) in sales from the game over its first 12 months, with Naraka Mobile contributing 6% to 7% of overall revenue growth during that period, Bloomberg reports. NetEase stock is up 2.2% in Wednesday’s trading session. NetEase has already garnered over 40 million pre-registrations for the freemium mobile game. Previously, Naraka Bladepoint attracted over 40 million PC players, and the company expects the mobile
Alibaba Group Holding Ltd (NYSE:BABA) is introducing free overseas shipping on apparel orders through its flagship retail platform, Taobao, in a strategic move to compete with cross-border e-commerce rivals PDD Holdings Inc (NASDAQ:PDD) Temu and Shein. The program will start on August 3 and initially target shoppers in Singapore, Malaysia, South Korea, Taiwan, Hong Kong, and Macao, Nikkei Asia reports. Taobao plans to expand the program to additional Asian markets by the end of the year and is actively encouraging more merchants to participate. Also Read: Chinese Stocks Rise as Central Bank Cuts Interest Rates to Stimulate Growth A senior manager at the company described the init
China has made a surprising move to stimulate its economy by lowering key interest rates. The decision comes as the country faces several economic challenges, including weak growth in the second quarter, looming deflation, and a prolonged property crisis. Chinese stocks, including Alibaba Group Holding Limited (NYSE:BABA), PDD Holdings Inc (NASDAQ:PDD), JD.Com, Inc (NASDAQ:JD), Baidu, Inc (NASDAQ:BIDU), Bilibili Inc (NASDAQ:BILI) are trading higher Monday. Also Read: Alibaba and Peers Face Challenges as U.S. Tightens Semiconductor Export Rules On Monday, the People’s Bank of China (PBOC) announced that it would cut the seven-day reverse repo rate to 1.7% from 1.8% and reduce the
Experts believe that Japan’s increasing dependence on foreign digital services like Amazon (NASDAQ:AMZN) Prime and YouTube Premium by Google Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) is contributing to a rising “digital deficit,” potentially pressuring the yen’s value. Two decades after implementing the “great firewall,” Xi Jinping-led Chinese government is reportedly testing artificial intelligence systems to ensure they align with socialist values. The Cyberspace Administration of China is compelling tech giants and AI startups, including ByteDance, Alibaba Group Holding Ltd. (NYSE:BABA), Moonshot, and 01.AI , to participate in a mandatory government review of their AI models. The U.S. Cust
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. The S&P 500 and Nasdaq experienced their largest weekly declines since April, falling by 1.97% and 3.65%, respectively, with the Nasdaq breaking a six-week winning streak. Conversely, the Dow rose by 0.72% and the Russell 2000, focused on small-cap stocks, increased by 1.68%. Federal Reserve Chair Jerome Powell highlighted that recent inflation data has increased confidence in achieving the 2% target, prompting investors to bet on a rate cut in September, as indicated by CME Group’s FedWatch tool. Additionally, unemployment claims surged to 243,000 wit
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA PUT SWEEP BULLISH 07/19/24 $245.00 $26.3K 16.6K 99.6K GME CALL SWEEP BULLISH 07/26/24 $28.00 $28
Alibaba Group Holding Ltd (NYSE:BABA) faces multiple challenges at the micro and macro levels. The company is set to lose one of its top AI experts Zhou Chang, an algorithm engineer known for his work on the Tongyi Qianwen large language models (LLMs), as he prepares to leave. The stock is trading lower on Friday. Zhou plans to establish his own AI venture, SCMP reports. Zhou joined Alibaba in 2017. He played a crucial role in developing the Tongyi Qianwen LLMs and was part of the team behind the multimodal AI model M6, released in 2021, SCMP writes. The departure follows the Chinese government mandating that domestic tech giants and AI startups, like ByteDance Ltd and Alibaba Gr
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Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced that it will report its unaudited financial results for the quarter ended September 30, 2024 before the U.S. market opens on Friday, November 15, 2024, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Hong Kong Time) the same day. All participants must pre-register to join this conference call using the Participant Registration link below: English: https://s1.c-conf.com/diamondpass/10042440-pohtg.html Chinese: https://s1.c-conf.com/diamondpass/10042441-ywtss.html Upon registration, each part
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced that it will report its unaudited financial results for the quarter ended June 30, 2024 before the U.S. market opens on Thursday, August 15, 2024, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day. All participants must pre-register to join this conference call using the Participant Registration link below: English: https://s1.c-conf.com/diamondpass/10040376-uTdhw.html Chinese: https://s1.c-conf.com/diamondpass/10040377-puyhg.html Upon registration, each partici
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced that it will report its unaudited financial results for the quarter and fiscal year ended March 31, 2024 before the U.S. market opens on Tuesday, May 14, 2024, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day. All participants must pre-register to join this conference call using the Participant Registration link below: English: https://s1.c-conf.com/diamondpass/10038090-62edot.html Chinese: https://s1.c-conf.com/diamondpass/10038092-il07se.html Upon registrat
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced its financial results for the quarter ended December 31, 2023. "We delivered a solid quarter as we are executing our focused strategies across the organization. Our top priority is to reignite the growth of our core businesses, e-commerce and cloud computing. We will step up investment to improve users' core experiences to drive growth in Taobao and Tmall Group and strengthen market leadership in the coming year. We will also focus our resources on developing public cloud products and sustaining the strong growth momentum in international commerce b
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced that it will report its unaudited financial results for the quarter ended December 31, 2023 before the U.S. market opens on Wednesday, February 7, 2024, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Hong Kong Time) the same day. All participants must pre-register to join this conference call using the Participant Registration link below: English: https://s1.c-conf.com/diamondpass/10035621-gh7t8u.html Chinese: https://s1.c-conf.com/diamondpass/10035625-fh86y7.html Upon registration, ea
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced that it will report its unaudited financial results for the quarter ended September 30, 2023 before the U.S. market opens on Thursday, November 16, 2023, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Hong Kong Time) the same day. All participants must pre-register to join this conference call using the Participant Registration link below: English: https://s1.c-conf.com/diamondpass/10033946-dsb6ko.html Chinese: https://s1.c-conf.com/diamondpass/10033948-0lkr8u.html Upon registration, e
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced its financial results for the quarter ended June 30, 2023. "Alibaba delivered a solid quarter as we continue to execute our Reorganization, which is beginning to unleash new energy across our businesses," said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. "Through this self-driven transformation, we aim to catalyze innovation, promote vitality in our organization and enable businesses to focus on long-term growth. We look forward to positive impacts on our business, including strengthening competitiveness, sustainable growth a
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group") today announced that it will report its unaudited financial results for the quarter ended June 30, 2023 before the U.S. market opens on Thursday, August 10, 2023, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day. All participants must pre-register to join this conference call using the Participant Registration link below: English: https://s1.c-conf.com/diamondpass/10032058-6wh8r.html Chinese: https://s1.c-conf.com/diamondpass/10032059-05pqda.html Upon registration, each part
Regain profitability with net income of RMB10.8 million for the first quarter of 2023POIs operated through network partner model reached 58.8% as of the end of the first quarter of 2023Number of POIs1 reached 1.0 million as of the end of the first quarter of 2023 SHANGHAI, China, June 20, 2023 (GLOBE NEWSWIRE) -- Smart Share Global Limited (NASDAQ:EM) ("Energy Monster" or the "Company"), a consumer tech company providing mobile device charging service, today announced its unaudited financial results for the quarter ended March 31, 2023. HIGHLIGHTS FOR THE FIRST QUARTER OF 2023 Net income for the first quarter of 2023 was RMB10.8 million, compared to a net loss of RMB96.4 million in the
Alibaba Group Holding Limited (NYSE:BABA, "Alibaba" or "Alibaba Group"))) today announced that it will report its unaudited financial results for the quarter and fiscal year ended March 31, 2023 before the U.S. market opens on Thursday, May 18, 2023, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day. All participants must pre-register to join this conference call using the Participant Registration link below: English: https://s1.c-conf.com/diamondpass/10030391-nl9h5r.html Chinese: https://s1.c-conf.com/diamondpass/10030392-8esjhx.html Upon registration, each participant will receive details for the co
Macquarie upgraded Alibaba from Neutral to Outperform and set a new price target of $145.00
Macquarie downgraded Alibaba from Outperform to Neutral and set a new price target of $85.40 from $88.50 previously
Mizuho reiterated coverage of Alibaba with a rating of Buy and set a new price target of $100.00 from $120.00 previously
Morgan Stanley downgraded Alibaba from Overweight to Equal-Weight and set a new price target of $90.00 from $110.00 previously
UBS resumed coverage of Alibaba with a rating of Buy
DZ Bank upgraded Alibaba from Hold to Buy and set a new price target of $120.00
Bernstein downgraded Alibaba from Outperform to Mkt Perform and set a new price target of $98.00 from $130.00 previously
Bernstein upgraded Alibaba from Mkt Perform to Outperform and set a new price target of $130.00 from $115.00 previously
JP Morgan upgraded Alibaba from Underweight to Overweight and set a new price target of $130.00 from $75.00 previously
Goldman resumed coverage of Alibaba with a rating of Buy and set a new price target of $185.00
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The updates roll out just in time for the brand's 14th Anniversary Sale, with deals up to 70% off from March 18 through March 27 LOS ANGELES, March 18, 2024 /PRNewswire/ -- AliExpress, an international online retail marketplace under Alibaba International Digital Commerce Group, has made significant updates to its platform designed to enhance the customer experience in the U.S. market, including faster shipping times, new delivery guarantees, and an updated mobile app for simpler browsing on its catalog. A majority of U.S. consumers state that recent price increases have put a
SHANGHAI, Dec. 26, 2023 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE:DDL), a leading fresh grocery e-commerce company in China, today announced the appointment of Mr. Song Wang, currently the director and senior vice president of the Company, as the chief financial officer (the "Chief Financial Officer") effective from December 26, 2023. Mr. Wang will be primarily responsible for the Company's overall financial matters and investor relationship affairs. The Company also announced the appointment of Ms. Hongli Gong, currently the senior vice president of the Company, as the chief human resources officer (the "Chief Human Resources Officer") effective from Dece
Alibaba Group Holding Limited (NYSE:BABA, the "Company"))) announces that Irene Yun-Lien Lee, Chairman of Hysan Development Company Limited, and Albert Kong Ping Ng, former Chairman of Ernst & Young China, were appointed as independent directors to the Company's board, effective August 4, 2022. The new appointments demonstrate the Company's commitment to corporate governance excellence and diversity at the board level. Following these appointments, the Company's board currently consists of twelve directors, including seven independent directors. The number of female board members increases to three. "I am delighted to welcome Ms. Lee and Mr. Ng to the Alibaba board. The new independent bo
Alibaba Group Holding Limited (NYSE:BABA, the "Company"))) today announced that the Company's board has authorized to upsize its share repurchase program to US$25 billion from US$15 billion (the "Share Repurchase Program"), in a sign of confidence about the Company's continued growth in the future. The Company also announced that Weijian Shan, executive chairman of investment group PAG, was appointed as an independent director to the Company's board. The Share Repurchase Program will be effective for a two-year period through March 2024. As of March 18, 2022, the Company had purchased a total of 56.2 million American depositary shares under the previously announced share repurchase program
BEIJING, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announces that the board of directors of the Company has appointed Ms. Fion Zhou as the new chief financial officer with effective date November 15th, 2021. Fion Zhou will bring to NIU 15 years of experience working in financial and public companies. Prior to joining NIU, she served as the chief financial officer of Sogou Inc. (NYSE:SOGO), a leader in China's internet industry and an innovator in search and artificial intelligence (AI) since July 2020, where she led financial operations, legal matters, strategic investmen