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Alibaba Group Holding Ltd. Sponsored ADR Stock News
Alibaba reported better-than-expected earnings for the September quarter, but missed on revenues. The e-Commerce company saw a 1 PP revenue acceleration Q/Q due to growing strength in Taobao and Tmall Group, Alibaba's core domestic commerce business. AIDC remained Alibaba's fastest growing business in the September quarter.
Alibaba Group (NYSE:BABA) is reportedly planning to raise $5 billion through the issue of a range of dollar and offshore Chinese yuan bonds. The Chinese e-commerce giant firmed up plans for a bond issue on Monday, with Reuters-cited sources adding this would aim to raise $5 billion.
Once a dominant tech giant, Alibaba Group struggles with a stagnating business and lacks clear growth engines, all while political risk remains ever-present and management has no ideas beyond share repurchases. Alibaba's revenue and operating income have grown just 5% year-over-year, with key platforms like Taobao and Tmall continuing to underperform severely. Alibaba Cloud is growing at just 7...
Most of the market is waking up to some discouraging price action from shares of Alibaba Group NYSE: BABA today; despite rallying by over 3% in the pre-market session, the stock quickly gave up its gains at the market open and got to a low of up to 2.5% declines during the day. The frustration is palpable as the company reported a blockbuster quarterly earnings report.
Chinese ecommerce giant Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter.
HANGZHOU, China--(BUSINESS WIRE)--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 “Not...
Alibaba Group saw its offerings in artificial intelligence (AI) drive growth in both its retail and its cloud businesses during the quarter ended Sept. 30. “This quarter, our core business segments maintained steady growth guided by our user-first, AI-driven strategy,” Alibaba Group CEO Eddie Wu said Friday (Nov. 15) during the company's quarterly earnings call.
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