Alibaba (BABA)/ 9988 HK; Jack Ma 02 (May 16 - Apr 21)

Re: Alibaba (BABA)/ 9988 HK; Jack Ma 02 (May 16 - Dec 20)

Postby winston » Mon Nov 16, 2020 10:53 am

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BABA-SW Shr Dives 4%, Facing US Class Suit for Failure to Disclose Ant's Listing Halt

BABA-SW (09988.HK)'s shares once bottomed at a three-month low $245. The stock dived 3.9% later to $247, on volume of 13.42 million shares.

Investors of BABA-SW's US-traded stocks are accusing the giant of securities fraud at the court, citing its failure to disclose major adverse facts concerning Ant Group, according to HAO Law Firm.

Source: AAStocks Financial News
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Re: Alibaba (BABA)/ 9988 HK; Jack Ma 02 (May 16 - Dec 20)

Postby winston » Thu Dec 03, 2020 7:26 am

Jack Ma under fire over Alibaba cut

by Winnie Lee

Jack Ma Yun was criticized by mainland netizens for lowering his shareholding of Alibaba listed in United States to 4.8 percent, as of July 2, cashing out US$10.18 billion (HK$79.4 billion), according to the United States Securities and Exchange Commission.

Ma is still the largest single shareholder.

Meanwhile, Japan SoftBank also lowered its shareholding of Alibaba to 24.9 percent. It is still the largest shareholder of Alibaba.

In other news, Chinese fintech giant Ant Group denied selling a business interest in India. This came after Reuters reported that Ant is considering selling its 30 percent stake in Indian digital payment processor Paytm amid tensions between China and India and a toughening competitive landscape,sources said.

Financial details of the possible transaction have not been firmed up and Ant, the Alibaba-backed payments-to-consumer credit behemoth, has not launched a formal sale process yet, four people told Reuters.

Both Ant and Paytm said that the information was incorrect.

Source: The Standard

https://www.thestandard.com.hk/section- ... libaba-cut
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Re: Alibaba (BABA)/ 9988 HK; Jack Ma 02 (May 16 - Dec 20)

Postby winston » Tue Dec 15, 2020 11:10 am

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AliBaba Group Holding Limited (NYSE: BABA)

Number of hedge funds: 166
Total value of hedge fund holdings: $28.84 billion

Alibaba Group Holdings Limited is the largest retailer and e-commerce company in China. Alibaba operates some of the largest shopping platforms like Taobao and Tmall.

Third Point talked about both JD and Alibaba (BABA) in its Q2 investor letter:

“During the quarter, we took advantage of jitters about China’s relationships with Hong Kong and the U.S. that created an air pocket in trading of Chinese‐related shares to establish new positions in e‐commerce leaders Alibaba and JD.com.

As we have articulated in prior letters3, our outlook for Alibaba and the broader Chinese e‐commerce market is bright. We believe online gross merchandise value (“GMV”) will grow at a mid‐teens CAGR over the next five years, propelled by both:-
(1) rising consumption per capita, as the Chinese retail market is equal in size to the U.S. despite four times as many consumers, and
(2) increased penetration of retail by online, a trend which we believe has been structurally accelerated by the COVID‐ 19 pandemic.

As the e‐commerce market matures, we believe Alibaba & JD will leverage scale and growing repositories of transaction data to increase monetization of their platforms through targeted advertising to improve revenue yields (revenues as a percentage of GMV) from a starting point of less than 4% today.

As a point of comparison, brick‐and‐mortar retail store rent expenses in China are greater than 10% of sales on average, which provides a significant umbrella for online marketplaces to take a greater share of GMV through a combination of commission and advertising spending as online retailer cost structures converge with brick‐ and‐mortar retail.

Finally, we continue to be excited about the latent potential in some of Alibaba’s businesses beyond the core e‐commerce marketplaces – particularly the cloud computing business, Aliyun.

China’s cloud computing industry remains nascent but is growing nearly 3x faster than its developed market counterparts through a combination of rising IT intensity, rapid cloud penetration, and a gradual moderation in software piracy.

Within that market, Aliyun is increasingly dominant (with nearly 50% market share) and will generate dramatic profit growth as margins expand with scale. As one reference point, Aliyun today resembles Amazon’s AWS business five years ago; this is an encouraging comparison given that today, AWS’ operating profits (and estimated enterprise value) exceed Alibaba’s business in its entirety.

Ant Financial – in which Alibaba holds a ~30% stake that is worth roughly $70 billion – has announced its intention to go public later this year.

Alibaba shares will benefit further should they become accessible to mainland Chinese investors through inclusion in the Southbound Connect.”

Source: Insider Monkey
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Re: Alibaba (BABA)/ 9988 HK; Jack Ma 02 (May 16 - Dec 20)

Postby winston » Thu Dec 24, 2020 9:56 am

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China launches probe into Alibaba for suspected monopolistic behaviour

BEIJING/SHANGHAI (Reuters) - China has launched an investigation into Alibaba (NYSE:BABA) Group for suspected monopolistic behaviour, regulators said on Thursday.

Regulators had previously warned the e-commerce giant about the so-called "choosing one from two" practice, under which merchants are required to sign exclusive cooperation pacts preventing them from offering products on rival platforms.

A probe has been launched into Alibaba's "choosing one from two" practice, the State Administration for Market Regulation (SAMR) said in an online statement.

Financial regulators will also meet with Alibaba's Ant Group in the coming days, according to a separate online statement by the People's Bank of China on Thursday.

The meeting is to "guide Ant Group to implement financial supervision, fair competition and protect the legitimate rights and interests of consumers," the statement said.

Ant said it has received a notice from regulators, and that it will "seriously study and strictly comply with all regulatory requirements and commit full efforts to fulfil all related work."

Regulators have become increasingly uncomfortable with parts of Ant's sprawling empire, chiefly its most lucrative credit business that contributed close to 40% of Ant's revenue in the first half of the year.

Source: Reuters

https://www.investing.com/news/stock-ma ... ur-2374952
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Re: Alibaba (BABA)/ 9988 HK; Jack Ma 02 (May 16 - Jun 21)

Postby behappyalways » Thu Dec 24, 2020 8:23 pm

There can only be one dominant power in China which is the Communist party.
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Re: Alibaba (BABA)/ 9988 HK; Jack Ma 02 (May 16 - Jun 21)

Postby winston » Fri Dec 25, 2020 7:38 am

Alibaba antitrust investigation: what is the ‘picking one from the two’ practice that triggered an official probe?

Chinese regulators will look into the ‘picking one from two’ practice as part of their probe into Alibaba Group Holding over suspected monopolistic practices

The tactic, in which online merchants are forced to pick only one platform as their exclusive distribution channel, is widespread in China’s e-commerce market

Source: SCMP

https://www.scmp.com/tech/enterprises/a ... o-practice
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Re: Alibaba (BABA)/ 9988 HK; Jack Ma 02 (May 16 - Jun 21)

Postby behappyalways » Mon Dec 28, 2020 9:12 am

【大陸新聞再平衡】20201227反壟斷劍指馬雲 阿里巴巴成祭旗
https://m.youtube.com/watch?v=oepWIJVnjuw
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Re: Alibaba (BABA)/ 9988 HK; Jack Ma 02 (May 16 - Jun 21)

Postby winston » Mon Dec 28, 2020 9:21 am

BABA-SW Upsizes Shr Repurchase Program to US$10B

BABA-SW (09988.HK) announced that the board of directors of the company authorized to upsize the Company’s share repurchase program from US$6 billion to US$10 billion.

This Share Repurchase Program will be effective for a two-year period through the end of 2022.

Source: AAStocks Financial News
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Re: Alibaba (BABA)/ 9988 HK; Jack Ma 02 (May 16 - Jun 21)

Postby winston » Mon Dec 28, 2020 3:31 pm

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The regulator has mentioned 5 rectification measures for Ant, including the need to return to the origin of payments, to improve corporate governance, and to set up a separate financial holding company.

One read of this could be that the regulator was not satisfied with Ant's prior self-rectification measures.

We think more explicit regulations should come out in 2021, as details are lacking for now.

Some scale-back of its non-payments financial services business is largely within the realms of investors' expectations, in our view.

Ant has announced that it will set up a rectification work group to fully implement the requirements as highlighted during its interview with the regulator on 26 Dec.

Again, we should highlight that while this a headwind for Ant, as shared previously, using Q1 FY21 as an example, putting aside the expenses associated with commencement of amortization of intangible assets of Ant upon BABA's receipt of its equity interest in Sep 2019, Ant's proportionate share of profit recognized in BABA's P&L was RMB 3,034m, or -9% of Non-GAAP PATMI.

Separately, the carrying value of Ant as of last FY is RMB 90.7b, so that works out to -12% of Alibaba's NAV.

Separately, Alibaba has announced that the Group has been authorised to upsize its share repurchase programme from US$6b to US$10b. The share repurchase programme will be effective for a 2-year period through the end of 2022, and the programme has commenced this quarter.

We see this as a sign of confidence by the company on its share price coupled with the announcement last week that company will actively cooperate with regulators.

In terms of today's price reaction, on a relative basis, our view is that this is less about Ant and perhaps more about tracking the last BABA US share price reaction on Thursday (-13%), which was down much more than 9988 HK (-8%) on the same day.

Again, we reiterate that the strengthening of antitrust regulatory oversight could weigh on the valuations in the near-term, even as secular drivers remain intact and a break-up or an existential threat of the group is not our base case.

Source: Bank of Singapore
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Re: Alibaba (BABA)/ 9988 HK; Jack Ma 02 (May 16 - Jun 21)

Postby winston » Tue Dec 29, 2020 11:28 am

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Alibaba Is Down 30% in 2 Months. Buy the Dip.

Alibaba stock has been hit hard over the past two months. It's time for the bulls to step in and begin accumulating the e-commerce giant.

by BRET KENWELL

First, the stock is finding support at its 21-month moving average. It’s also finding support at the 2018 high of $211.70.

Down about 30% from the highs for a high-quality growth company seems like a safe place to dip one’s toe in the water.

On the upside, look for a rebound back to the 50-week moving average near $240, followed by the 10-month moving average currently near $246. Near the latter, the 200-day moving average also comes into play.


Source: The Street

https://www.thestreet.com/investing/buy ... uy+the+Dip.
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