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News | Alibaba Group Holding Ltd (OTCMKTS:BABAF)
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2023-11-28 09:49:23 ET Summary Nike reigns as the world's most valuable apparel brand at $31.3 billion. Early Black Friday data indicates a 7.5% YoY surge in discretionary spending, signaling recovery for this blue-chip. I think Nike's forecast for FY24 is conservative; I am a...
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2023-11-27 17:30:34 ET Summary Nvidia Corporation released impressive Q3 earnings, with revenues increasing by 205.6% YoY to $18.12 billion. The demand for AI chips continues to accelerate, with Nvidia's data center revenues surpassing Intel and AMD combined. Nvidia is powerin...
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2023-11-23 08:25:37 ET Summary One of the most important takeaways from 3Q23 was management's strategy for Shopee, which is to maximize long-term profitability through strong market leadership and scale. To achieve their long-term objective of maximizing profitability in the long ...
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2023-11-23 02:04:51 ET Summary Alibaba restructured into six segments, planning to spin them off into independent publicly traded companies, potentially increasing shareholder value. Post-spinoff, BABA's share value may initially drop, but long-term revaluation dynamics could offs...
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2023-11-22 14:55:28 ET Summary Alibaba Group Holding Limited offers a compelling investment opportunity with a diversified portfolio spanning e-commerce, cloud services, logistics, and digital media, providing resilience in a dynamic market. Despite recent challenges and regulator...
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2023-11-20 13:50:43 ET Summary Alibaba reported solid second-quarter results and beat analysts' estimates, but the stock nevertheless slumped once again. The reason could be the cancelled IPO of the Cloud Intelligence Group bringing back fears about government interference. On...
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2023-11-19 23:55:45 ET Summary Alibaba's Q2 results fell short of expectations, but non-GAAP earnings per ADS surpassed estimates. The bullish catalyst, which was supposed to facilitate BABA’s business processes and enable the individual companies to grow faster under condi...
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2023-11-19 21:37:59 ET Summary Soros Fund Management's 13F portfolio value increased by 10% to $7.05B, with 209 positions. Top three individual stocks held were Horizon Therapeutics, Activision Blizzard, and Alphabet. New stakes included Activision Blizzard, Abcam plc, Novo No...
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2023-11-19 18:00:00 ET Summary Alibaba dropped sharply post its results announcement. The company delivered solid quarterly results, with revenues up 9% and strong cost control. The Cloud unit won't be IPO'ed. But that is the smallest worry that BABA investors should have....
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2023-11-19 12:00:00 ET Summary Alibaba's latest earnings results were disappointing, with missed revenue expectations and the cancellation of a cloud unit spin-off. The company faces increasing competition from domestic rivals like PDD Holdings, while the potential weak growth of ...
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- BABAF - Alibaba's Cloud Business Spinoff Cancelation Sparks Mixed Reactions From Analysts | Benzinga
The recent decision by Alibaba Group Holding Limited (OTC:BABAF) to cancel the spinoff of its cloud business was met with mixed responses from in...
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In the latest turn of events, Alibaba Group (OTC:BABAF) has put a halt to its plans to spin off its cloud segment, leading to a...
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Alibaba Group Holdings Ltd ( OTCMKTS:BABAF ) traded higher by 8.66% in Hong Kong on Monday on positive tech news. According to the latest stock market reports, Alibaba founder Jack Ma had agreed to relinquish his control of the embattled Ant Group. The latter was at the centre of a sc...