not vested
Long Term Investment
In "The Million Dollar Tech Portfolio," I pitched Alibaba Group Holding Inc. (NYSE: BABA) as a very long-term investment.
It's a stock you buy a little of at a time - and then take a look at the fortune it has made you years - decades - down the line.
But that doesn't mean we should be entirely ignoring the Chinese e-commerce giant's moves along the way - and this week it made a couple of big ones.
Shares of the Chinese e-commerce giant are up more than 7% for the week after it posted an unexpected 45% jump in quarterly revenue and reported that mobile e-commerce transactions outnumbered those via personal computers for the first time.
Alibaba also reported a very key personnel move.
Chief Operating Officer Daniel Zhang is taking over as CEO this weekend, replacing Jonathan Lu. Lu, who has been CEO for two years, has been criticized for his low-key demeanor. The company's extremely charismatic founder, Jack Ma, will remain executive chairman.
Source: Strategic Tech Investor
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Alibaba (BABA)/ 9988 HK; Jack Ma 01 (May 08 - Apr 16)
Re: Alibaba (BABA) / Jack Ma
by winston » Sun May 10, 2015 6:32 am
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Re: Alibaba (BABA) / Jack Ma
by winston » Sun May 10, 2015 8:10 am
not vested
Who exactly is Alibaba's new CEO? By Ansuya Harjani
BABA 87.06 +1.06
Alibaba announced on Thursday that it had appointed Daniel Zhang, the key architect of the Chinese internet behemoth's annual Singles Day shopping event, as the new chief executive officer, with investors giving the move a thumbs-up.
Forty three-year-old Zhang, an 8-year-old veteran at the Hangzhou-based company, will replace Jonathan Lu effective May 10.
Since joining Alibaba in 2007, Zhang has held several top management positions, most recently serving as chief operating officer. He is credited with the rampant growth of T-mall, fronting the company's ongoing transition to mobile and leading several strategic investments including Alibaba Health, Haier (Hong Kong Stock Exchange: 1169-HK), Intime Retail (Hong Kong Stock Exchange: 1833-HK) and Singapore Post (Singapore Exchange: SPOS-SG).
Zhang joined Alibaba as the chief financial officer of Taobao Marketplace - the company's consumer-to-consumer portal similar to eBay - and quickly climbed the ranks.
A year later, he was promoted to chief operating officer of Taobao Marketplace and general manager of business-to-consumer (B2C) e-commerce platform Taobao Mall or T-mall.
The investment community has applauded Zhang's appointment as CEO, citing his deep understanding of the business.
"We are positive on the change of the CEO and believe Mr. Zhang, having been with Alibaba since 2007 and spearheaded the development of Tmall and Nov 11 Singles Day event, will have strong experience and proved execution track record to lead Alibaba thrive to deliver a better, improved ecosystem for its marketplaces," Alicia Yap, analyst at Barclays, wrote in a note on Friday.
Zhang has a strong financial background, earning a bachelor's degree in finance from Shanghai University of Finance and Economics.
Before joining Alibaba, he served as chief financial officer at Shanda Interactive Entertainment, a Nasdaq-listed online game developer and operator, and as senior manager of PricewaterhouseCoopers' Audit and Business Advisory Division based in Shanghai.
While Zhang will be in the driver's this seat starting Sunday, outgoing CEO Lu will remain on Alibaba's board of directors as vice chairman and aid in the transition over the coming months, Alibaba said in a statement.
"Daniel [Zhang] is a proven international business leader and innovator with a strong track record of delivering results. He has the confidence of our entire management team, and there is no better person to lead Alibaba Group as we embark on the next stage of our growth on top of the strong foundation that Jonathan helped build," Jack Ma, group executive chairman at Alibaba, said in a statement.
"I am grateful to Jonathan Lu for his excellent leadership and management over the past several years, and I look forward to his continued contribution as a key leader in helping Alibaba Group train and develop the next generation of leaders," he added.
In a letter to employees, Ma said the leadership shuffle was part of efforts to bring younger leaders into the company, Wall Street Journal reported.
"This marks a future where the post-70 generation will command the troops at Alibaba Group!" Ma said in the letter, according to WSJ, referring to people born in the 1970s. Zhang was born in 1972 while his predecessor was born in 1969.
Source: CNBC
Who exactly is Alibaba's new CEO? By Ansuya Harjani
BABA 87.06 +1.06
Alibaba announced on Thursday that it had appointed Daniel Zhang, the key architect of the Chinese internet behemoth's annual Singles Day shopping event, as the new chief executive officer, with investors giving the move a thumbs-up.
Forty three-year-old Zhang, an 8-year-old veteran at the Hangzhou-based company, will replace Jonathan Lu effective May 10.
Since joining Alibaba in 2007, Zhang has held several top management positions, most recently serving as chief operating officer. He is credited with the rampant growth of T-mall, fronting the company's ongoing transition to mobile and leading several strategic investments including Alibaba Health, Haier (Hong Kong Stock Exchange: 1169-HK), Intime Retail (Hong Kong Stock Exchange: 1833-HK) and Singapore Post (Singapore Exchange: SPOS-SG).
Zhang joined Alibaba as the chief financial officer of Taobao Marketplace - the company's consumer-to-consumer portal similar to eBay - and quickly climbed the ranks.
A year later, he was promoted to chief operating officer of Taobao Marketplace and general manager of business-to-consumer (B2C) e-commerce platform Taobao Mall or T-mall.
The investment community has applauded Zhang's appointment as CEO, citing his deep understanding of the business.
"We are positive on the change of the CEO and believe Mr. Zhang, having been with Alibaba since 2007 and spearheaded the development of Tmall and Nov 11 Singles Day event, will have strong experience and proved execution track record to lead Alibaba thrive to deliver a better, improved ecosystem for its marketplaces," Alicia Yap, analyst at Barclays, wrote in a note on Friday.
Zhang has a strong financial background, earning a bachelor's degree in finance from Shanghai University of Finance and Economics.
Before joining Alibaba, he served as chief financial officer at Shanda Interactive Entertainment, a Nasdaq-listed online game developer and operator, and as senior manager of PricewaterhouseCoopers' Audit and Business Advisory Division based in Shanghai.
While Zhang will be in the driver's this seat starting Sunday, outgoing CEO Lu will remain on Alibaba's board of directors as vice chairman and aid in the transition over the coming months, Alibaba said in a statement.
"Daniel [Zhang] is a proven international business leader and innovator with a strong track record of delivering results. He has the confidence of our entire management team, and there is no better person to lead Alibaba Group as we embark on the next stage of our growth on top of the strong foundation that Jonathan helped build," Jack Ma, group executive chairman at Alibaba, said in a statement.
"I am grateful to Jonathan Lu for his excellent leadership and management over the past several years, and I look forward to his continued contribution as a key leader in helping Alibaba Group train and develop the next generation of leaders," he added.
In a letter to employees, Ma said the leadership shuffle was part of efforts to bring younger leaders into the company, Wall Street Journal reported.
"This marks a future where the post-70 generation will command the troops at Alibaba Group!" Ma said in the letter, according to WSJ, referring to people born in the 1970s. Zhang was born in 1972 while his predecessor was born in 1969.
Source: CNBC
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Re: Alibaba (BABA) / Jack Ma
by winston » Tue May 12, 2015 8:35 pm
not vested
Alibaba rolls out three-hour delivery service for healthcare goods
BEIJING | BY PAUL CARSTEN
Chinese online shopping giant Alibaba Group Holding Ltd is rolling out a three-hour delivery service for healthcare goods, mimicking rival JD.com Inc.
The service will launch in five Chinese cities, including Beijing and Shanghai, and expand to 19 by the end of 2015, Alibaba said on Tuesday.
Products beyond healthcare will be added in the future.
It works through a partnership with five pharmacy chains that sell goods via stores on Alibaba's Tmall.com website.
The service, called 'Ji Su Da' or "fast delivery", links shoppers who buy eligible products to the nearest of more than 1,500 drugstores.
Cainiao, an Alibaba affiliate operated in partnership with various logistics firms, collects and delivers the order.
Alibaba's biggest e-commerce challenger is JD.com, which is built on a devotion to strong logistics networks and speedy delivery similar to Amazon.com Inc.
Wary of that prowess when it comes to distribution, Alibaba and its partners have spent recent years building out Cainiao in an effort to compete.
Ji Su Da is part of a broader trend to bring online various offline services from flagging a taxi to finding nearby restaurant deals. Known as "online to offline", this often uses a smartphone to find someone's location and the nearest service provider.
"This service is ideal for consumers who need non-prescription drugs and other healthcare products quickly," said Xu Hui, head of Cainiao Ji Su Da. "This service effectively mobilizes resources at both online and offline stores, which in turn brings the customers a seamless shopping experience."
Alibaba has been ramping up its healthcare operations. Last month, it injected its online pharmacy operations into affiliate Alibaba Health Information Technology Limited, a $2.5 billion deal to consolidate its healthcare enterprise and ride a boom in online health-related business.
But Ji Su Da could see growth restricted by its limited application, mainly working for everyday goods which are available on a large scale throughout China, as well as JD.com's rival service. The smaller e-commerce company operates JD Daojia, which does rapid delivery for groceries, meals and flowers.
"We've offered standard same-day delivery in most major cities for years -- more than 130 areas today -- not just for a few items, but for the tens of thousands of products that we stock," a JD.com spokesman told Reuters in an email.
Source: Reuters
Alibaba rolls out three-hour delivery service for healthcare goods
BEIJING | BY PAUL CARSTEN
Chinese online shopping giant Alibaba Group Holding Ltd is rolling out a three-hour delivery service for healthcare goods, mimicking rival JD.com Inc.
The service will launch in five Chinese cities, including Beijing and Shanghai, and expand to 19 by the end of 2015, Alibaba said on Tuesday.
Products beyond healthcare will be added in the future.
It works through a partnership with five pharmacy chains that sell goods via stores on Alibaba's Tmall.com website.
The service, called 'Ji Su Da' or "fast delivery", links shoppers who buy eligible products to the nearest of more than 1,500 drugstores.
Cainiao, an Alibaba affiliate operated in partnership with various logistics firms, collects and delivers the order.
Alibaba's biggest e-commerce challenger is JD.com, which is built on a devotion to strong logistics networks and speedy delivery similar to Amazon.com Inc.
Wary of that prowess when it comes to distribution, Alibaba and its partners have spent recent years building out Cainiao in an effort to compete.
Ji Su Da is part of a broader trend to bring online various offline services from flagging a taxi to finding nearby restaurant deals. Known as "online to offline", this often uses a smartphone to find someone's location and the nearest service provider.
"This service is ideal for consumers who need non-prescription drugs and other healthcare products quickly," said Xu Hui, head of Cainiao Ji Su Da. "This service effectively mobilizes resources at both online and offline stores, which in turn brings the customers a seamless shopping experience."
Alibaba has been ramping up its healthcare operations. Last month, it injected its online pharmacy operations into affiliate Alibaba Health Information Technology Limited, a $2.5 billion deal to consolidate its healthcare enterprise and ride a boom in online health-related business.
But Ji Su Da could see growth restricted by its limited application, mainly working for everyday goods which are available on a large scale throughout China, as well as JD.com's rival service. The smaller e-commerce company operates JD Daojia, which does rapid delivery for groceries, meals and flowers.
"We've offered standard same-day delivery in most major cities for years -- more than 130 areas today -- not just for a few items, but for the tens of thousands of products that we stock," a JD.com spokesman told Reuters in an email.
Source: Reuters
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Re: Alibaba (BABA) / Jack Ma
by winston » Thu May 14, 2015 7:01 am
not vested
Alibaba’s March Quarter Beat Boosts Its Hong Kong Plays By Shuli Ren
China’s department store chain Intime Retail (1833.Hong Kong) has jumped 37.2% since its e-commerce partner Alibaba Group (BABA) posted better-than-expected March quarter earnings, while shares of Alibaba have risen “only” 8.5% in the five trading days since.
Chinese investors are betting that Intime Retail will become a derivative of Alibaba’s offline-to-online success and are buying into this stock via the Shanghai Hong Kong Connect because they can’t buy Alibaba’s shares, at least not officially.
Today, Bank of America Merrill Lynch threw in the towel and raised its price target from 10.5 Hong Kong dollars to HK$12.5, at the “top of the street” – although this upgrade is not fast enough.
Here are analysts Chen Luo and Lucy Yu:
We attribute Intime’s share price rally to
1) O2O in partnership with Alibaba,
2) asset optimization and
3) a cyclical recovery of core retail.
After the >90% rally YTD, the optionality and progress in O2O might be a key to determine further upside.
We believe the recent stake transfer from Chairman to CEO could better align management interest with shareholders, improve Intime’s governance and likely accelerate Alibaba’s CB conversion (conversion price of HK$7.9). Assuming the CB conversion, Alibaba will become Intime’s No.1 shareholder.
Intime has soared to HK$12.36 today, well above the conversion price of HK$7.9, making Alibaba its largest shareholder. The current price is also edging very close to Merrill’s HK$12.50 price target.
Interestingly, Merrill’s price target, derived using sum-of-the-parts analysis, does not include potential O2O success with Alibaba yet, which implies that Intime Retail is still TRADING at “fair value”?
Merrill values Intime’s core retail at HK$6 per SHARE, asset for securitization and disposal at HK$4.9 per share, and its e-commerce opportunities at only HK$1.5:
1) Intime currently owns 26.5% equity of its ECOMMERCE arm, Yintai.com. In addition, Intime also owns a CB and upon the CB conversion, Intime equity stakes would rise to 63%, and we believe Intime can further increase its stakes to 80%.
We forecast Yintai.com to generate sales of RMB1.5bn in 2015, and RMB2.7bn in 2016. Given Intime’s tie-up with Alibaba, we value the business at 1.5x 2016 P/S, to factor in the option value.
2) Intime has also set up a 20/80 JV with Alibaba (Yuntao Lianshang – 云淘 联商), and the JV has recently launched its first product Miao Jie (喵街), a mobile app designed to facilitate interaction between consumers and dept stores/malls. The app is bundled with LBS, indoor positioning, QR code payment, parking, coupon and other functions.
As the product launch is at an early stage, we only factor in Intime’s paid-in capital of RMB20mn. Should the JV prove to be a success, there could be further upside potential, in our view.
Alibaba’s better-than-expected March quarter earnings have also boosted its Hong Kong-listed subsidiaries Alibaba Pictures (1060.Hong Kong) and ALIBABA HEALTH (241.Hong Kong), which have risen 12.8% and 8.6% in the last 5 TRADING days.
Source: Barron's Asia
Alibaba’s March Quarter Beat Boosts Its Hong Kong Plays By Shuli Ren
China’s department store chain Intime Retail (1833.Hong Kong) has jumped 37.2% since its e-commerce partner Alibaba Group (BABA) posted better-than-expected March quarter earnings, while shares of Alibaba have risen “only” 8.5% in the five trading days since.
Chinese investors are betting that Intime Retail will become a derivative of Alibaba’s offline-to-online success and are buying into this stock via the Shanghai Hong Kong Connect because they can’t buy Alibaba’s shares, at least not officially.
Today, Bank of America Merrill Lynch threw in the towel and raised its price target from 10.5 Hong Kong dollars to HK$12.5, at the “top of the street” – although this upgrade is not fast enough.
Here are analysts Chen Luo and Lucy Yu:
We attribute Intime’s share price rally to
1) O2O in partnership with Alibaba,
2) asset optimization and
3) a cyclical recovery of core retail.
After the >90% rally YTD, the optionality and progress in O2O might be a key to determine further upside.
We believe the recent stake transfer from Chairman to CEO could better align management interest with shareholders, improve Intime’s governance and likely accelerate Alibaba’s CB conversion (conversion price of HK$7.9). Assuming the CB conversion, Alibaba will become Intime’s No.1 shareholder.
Intime has soared to HK$12.36 today, well above the conversion price of HK$7.9, making Alibaba its largest shareholder. The current price is also edging very close to Merrill’s HK$12.50 price target.
Interestingly, Merrill’s price target, derived using sum-of-the-parts analysis, does not include potential O2O success with Alibaba yet, which implies that Intime Retail is still TRADING at “fair value”?
Merrill values Intime’s core retail at HK$6 per SHARE, asset for securitization and disposal at HK$4.9 per share, and its e-commerce opportunities at only HK$1.5:
1) Intime currently owns 26.5% equity of its ECOMMERCE arm, Yintai.com. In addition, Intime also owns a CB and upon the CB conversion, Intime equity stakes would rise to 63%, and we believe Intime can further increase its stakes to 80%.
We forecast Yintai.com to generate sales of RMB1.5bn in 2015, and RMB2.7bn in 2016. Given Intime’s tie-up with Alibaba, we value the business at 1.5x 2016 P/S, to factor in the option value.
2) Intime has also set up a 20/80 JV with Alibaba (Yuntao Lianshang – 云淘 联商), and the JV has recently launched its first product Miao Jie (喵街), a mobile app designed to facilitate interaction between consumers and dept stores/malls. The app is bundled with LBS, indoor positioning, QR code payment, parking, coupon and other functions.
As the product launch is at an early stage, we only factor in Intime’s paid-in capital of RMB20mn. Should the JV prove to be a success, there could be further upside potential, in our view.
Alibaba’s better-than-expected March quarter earnings have also boosted its Hong Kong-listed subsidiaries Alibaba Pictures (1060.Hong Kong) and ALIBABA HEALTH (241.Hong Kong), which have risen 12.8% and 8.6% in the last 5 TRADING days.
Source: Barron's Asia
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Alibaba (BABA) / Jack Ma
by winston » Thu May 14, 2015 7:01 am
not vested
Alibaba’s March Quarter Beat Boosts Its Hong Kong Plays By Shuli Ren
China’s department store chain Intime Retail (1833.Hong Kong) has jumped 37.2% since its e-commerce partner Alibaba Group (BABA) posted better-than-expected March quarter earnings, while shares of Alibaba have risen “only” 8.5% in the five trading days since.
Chinese investors are betting that Intime Retail will become a derivative of Alibaba’s offline-to-online success and are buying into this stock via the Shanghai Hong Kong Connect because they can’t buy Alibaba’s shares, at least not officially.
Today, Bank of America Merrill Lynch threw in the towel and raised its price target from 10.5 Hong Kong dollars to HK$12.5, at the “top of the street” – although this upgrade is not fast enough.
Here are analysts Chen Luo and Lucy Yu:
We attribute Intime’s share price rally to
1) O2O in partnership with Alibaba,
2) asset optimization and
3) a cyclical recovery of core retail.
After the >90% rally YTD, the optionality and progress in O2O might be a key to determine further upside.
We believe the recent stake transfer from Chairman to CEO could better align management interest with shareholders, improve Intime’s governance and likely accelerate Alibaba’s CB conversion (conversion price of HK$7.9). Assuming the CB conversion, Alibaba will become Intime’s No.1 shareholder.
Intime has soared to HK$12.36 today, well above the conversion price of HK$7.9, making Alibaba its largest shareholder. The current price is also edging very close to Merrill’s HK$12.50 price target.
Interestingly, Merrill’s price target, derived using sum-of-the-parts analysis, does not include potential O2O success with Alibaba yet, which implies that Intime Retail is still TRADING at “fair value”?
Merrill values Intime’s core retail at HK$6 per SHARE, asset for securitization and disposal at HK$4.9 per share, and its e-commerce opportunities at only HK$1.5:
1) Intime currently owns 26.5% equity of its ECOMMERCE arm, Yintai.com. In addition, Intime also owns a CB and upon the CB conversion, Intime equity stakes would rise to 63%, and we believe Intime can further increase its stakes to 80%.
We forecast Yintai.com to generate sales of RMB1.5bn in 2015, and RMB2.7bn in 2016. Given Intime’s tie-up with Alibaba, we value the business at 1.5x 2016 P/S, to factor in the option value.
2) Intime has also set up a 20/80 JV with Alibaba (Yuntao Lianshang – 云淘 联商), and the JV has recently launched its first product Miao Jie (喵街), a mobile app designed to facilitate interaction between consumers and dept stores/malls. The app is bundled with LBS, indoor positioning, QR code payment, parking, coupon and other functions.
As the product launch is at an early stage, we only factor in Intime’s paid-in capital of RMB20mn. Should the JV prove to be a success, there could be further upside potential, in our view.
Alibaba’s better-than-expected March quarter earnings have also boosted its Hong Kong-listed subsidiaries Alibaba Pictures (1060.Hong Kong) and ALIBABA HEALTH (241.Hong Kong), which have risen 12.8% and 8.6% in the last 5 TRADING days.
Source: Barron's Asia
Alibaba’s March Quarter Beat Boosts Its Hong Kong Plays By Shuli Ren
China’s department store chain Intime Retail (1833.Hong Kong) has jumped 37.2% since its e-commerce partner Alibaba Group (BABA) posted better-than-expected March quarter earnings, while shares of Alibaba have risen “only” 8.5% in the five trading days since.
Chinese investors are betting that Intime Retail will become a derivative of Alibaba’s offline-to-online success and are buying into this stock via the Shanghai Hong Kong Connect because they can’t buy Alibaba’s shares, at least not officially.
Today, Bank of America Merrill Lynch threw in the towel and raised its price target from 10.5 Hong Kong dollars to HK$12.5, at the “top of the street” – although this upgrade is not fast enough.
Here are analysts Chen Luo and Lucy Yu:
We attribute Intime’s share price rally to
1) O2O in partnership with Alibaba,
2) asset optimization and
3) a cyclical recovery of core retail.
After the >90% rally YTD, the optionality and progress in O2O might be a key to determine further upside.
We believe the recent stake transfer from Chairman to CEO could better align management interest with shareholders, improve Intime’s governance and likely accelerate Alibaba’s CB conversion (conversion price of HK$7.9). Assuming the CB conversion, Alibaba will become Intime’s No.1 shareholder.
Intime has soared to HK$12.36 today, well above the conversion price of HK$7.9, making Alibaba its largest shareholder. The current price is also edging very close to Merrill’s HK$12.50 price target.
Interestingly, Merrill’s price target, derived using sum-of-the-parts analysis, does not include potential O2O success with Alibaba yet, which implies that Intime Retail is still TRADING at “fair value”?
Merrill values Intime’s core retail at HK$6 per SHARE, asset for securitization and disposal at HK$4.9 per share, and its e-commerce opportunities at only HK$1.5:
1) Intime currently owns 26.5% equity of its ECOMMERCE arm, Yintai.com. In addition, Intime also owns a CB and upon the CB conversion, Intime equity stakes would rise to 63%, and we believe Intime can further increase its stakes to 80%.
We forecast Yintai.com to generate sales of RMB1.5bn in 2015, and RMB2.7bn in 2016. Given Intime’s tie-up with Alibaba, we value the business at 1.5x 2016 P/S, to factor in the option value.
2) Intime has also set up a 20/80 JV with Alibaba (Yuntao Lianshang – 云淘 联商), and the JV has recently launched its first product Miao Jie (喵街), a mobile app designed to facilitate interaction between consumers and dept stores/malls. The app is bundled with LBS, indoor positioning, QR code payment, parking, coupon and other functions.
As the product launch is at an early stage, we only factor in Intime’s paid-in capital of RMB20mn. Should the JV prove to be a success, there could be further upside potential, in our view.
Alibaba’s better-than-expected March quarter earnings have also boosted its Hong Kong-listed subsidiaries Alibaba Pictures (1060.Hong Kong) and ALIBABA HEALTH (241.Hong Kong), which have risen 12.8% and 8.6% in the last 5 TRADING days.
Source: Barron's Asia
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Re: Alibaba (BABA) / Jack Ma
by winston » Fri May 15, 2015 7:22 am
Alibaba to invest more abroad as globalization top priority: CEO Zhang
Alibaba Group Holding Ltd will invest heavily in existing and new ventures abroad, making its push beyond the China market a top priority, the Chinese e-commerce leader's new CEO, Daniel Zhang, said.
Zhang's comments come at a time when Alibaba aims to maintain its rapid growth even as the prospect of e-commerce saturation at home looms over the company.
"We must absolutely globalize," Zhang said in his first speech since taking up his new post this week, according to a report on Thursday on Alibaba's news and commentary website, Alizila.
The vast bulk of Alibaba's revenue comes from its dominant domestic online marketplaces, but the company has been investing in a range of sectors abroad. Just this week it announced it would set up a cloud computing base in Dubai, and boosted its stake in U.S. e-retailer Zulily Inc.
"We will organize a global team and adopt global thinking to manage the business, and achieve the goal of 'global buy and global sell'," Zhang was quoted as saying.
Alibaba, which handles more transactions on its platforms than Amazon.com Inc and eBay Inc combined, would continue to invest heavily in new and existing overseas operations, Zhang was quoted as saying. Those included AliExpress, a platform for overseas consumers to buy Chinese goods, and Tmall Global, a marketplace for overseas goods to be sold online in China.
Zhang said if Alibaba does not globalize it won't be able to last 100 years - a goal set out by Executive Chairman Jack Ma.
But growth of Alibaba's international commerce business is lagging the pace of growth in China, even as the new CEO faces the prospect of slowing domestic growth as saturation among online shoppers threatens to hobble expansion.
In the three months ended March, Alibaba's revenue from China commerce grew 39 percent to $2.2 billion. International commerce grew 27 percent to $264 million and only accounted for 9 percent of revenue, compared to 11 percent in the same period a year earlier.
Alibaba says some of its larger overseas markets include Brazil and Russia. The company and its affiliates are also making overtures in India, where it is in talks with phone maker Micromax Informatics to buy a $1.2 billion stake, according to several people with direct knowledge of the matter.
For the United States, Alibaba is planning a major move to win business this year, by offering American retailers new ways to sell to China's vast and growing middle class.
Source: Reuters
Alibaba Group Holding Ltd will invest heavily in existing and new ventures abroad, making its push beyond the China market a top priority, the Chinese e-commerce leader's new CEO, Daniel Zhang, said.
Zhang's comments come at a time when Alibaba aims to maintain its rapid growth even as the prospect of e-commerce saturation at home looms over the company.
"We must absolutely globalize," Zhang said in his first speech since taking up his new post this week, according to a report on Thursday on Alibaba's news and commentary website, Alizila.
The vast bulk of Alibaba's revenue comes from its dominant domestic online marketplaces, but the company has been investing in a range of sectors abroad. Just this week it announced it would set up a cloud computing base in Dubai, and boosted its stake in U.S. e-retailer Zulily Inc.
"We will organize a global team and adopt global thinking to manage the business, and achieve the goal of 'global buy and global sell'," Zhang was quoted as saying.
Alibaba, which handles more transactions on its platforms than Amazon.com Inc and eBay Inc combined, would continue to invest heavily in new and existing overseas operations, Zhang was quoted as saying. Those included AliExpress, a platform for overseas consumers to buy Chinese goods, and Tmall Global, a marketplace for overseas goods to be sold online in China.
Zhang said if Alibaba does not globalize it won't be able to last 100 years - a goal set out by Executive Chairman Jack Ma.
But growth of Alibaba's international commerce business is lagging the pace of growth in China, even as the new CEO faces the prospect of slowing domestic growth as saturation among online shoppers threatens to hobble expansion.
In the three months ended March, Alibaba's revenue from China commerce grew 39 percent to $2.2 billion. International commerce grew 27 percent to $264 million and only accounted for 9 percent of revenue, compared to 11 percent in the same period a year earlier.
Alibaba says some of its larger overseas markets include Brazil and Russia. The company and its affiliates are also making overtures in India, where it is in talks with phone maker Micromax Informatics to buy a $1.2 billion stake, according to several people with direct knowledge of the matter.
For the United States, Alibaba is planning a major move to win business this year, by offering American retailers new ways to sell to China's vast and growing middle class.
Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Alibaba (BABA) / Jack Ma
by winston » Sat May 16, 2015 6:48 am
not vested
Top U.S. hedge funds boost Alibaba stakes in first quarter By Ashley Lau
NEW YORK (Reuters) - Top U.S. hedge fund managers increased their stakes in Alibaba Group Holding Ltd (BABA.N) at the end of the first quarter, positioning themselves to take advantage of any upswing after the Chinese e-commerce company's stock took a beating after a surprise revenue miss in January.
Soros Fund Management LLC, Tiger Global Management LLC, Viking Global Investors LP and Moore Capital Management LP were among those that added to their position in Alibaba. Farallon Capital Management LLC took a fresh stake in the company, buying 221,000 shares valued at $18.4 million.
The moves come after a disappointing earnings report in January that sent the stock plunging 20 percent during the first quarter.
The company's shares have recovered, up 6.3 percent since the end of March and up nearly 8.8 percent in May alone. The company reported stronger quarterly results in May and appointed a new chief executive.
"It was a smart move," said Gil Luria, an analyst with Wedbush Securities. "These hedge funds used the negative sentiment as an opportunity to buy the stock at a depressed level."
Among those who boosted their stake, Soros Fund Management added 44,604 shares to its 4.4 million stake. Tiger Global Management increased its stake by 15 percent to 6.7 million shares at the end of March, while Viking Global almost doubled its shares to 6.9 million. Tiger Management, led by Julian Robertson, raised its stake 11 percent to 636,878 shares. And Louis Bacon's Moore Capital Management boosted its stake some 15-fold to 2.1 million shares from just 138,345 shares at the end of last year.
"This is a classic example of the more public sentiment being less than positive and the so-called 'smart money' seizing on related opportunities," said S&P Capital IQ analyst Scott Kessler.
Daniel Loeb's Third Point LLC and John Paulson's Paulson & Co took an opposite stance, with Third Point dissolving its 10 million-share Alibaba stake and Paulson vacating its 1.93 million share position at the end of the first quarter. The moves came after they had steadily built up their positions in previous quarters.
The firms are among big hedge funds reporting their positions as of the end of March. U.S. regulators require large investors to disclose stock holdings every quarter, providing a window into the strategies of some of the biggest managers. The disclosures, known as 13F filings, are due Friday.
Source: Reuters
Top U.S. hedge funds boost Alibaba stakes in first quarter By Ashley Lau
NEW YORK (Reuters) - Top U.S. hedge fund managers increased their stakes in Alibaba Group Holding Ltd (BABA.N) at the end of the first quarter, positioning themselves to take advantage of any upswing after the Chinese e-commerce company's stock took a beating after a surprise revenue miss in January.
Soros Fund Management LLC, Tiger Global Management LLC, Viking Global Investors LP and Moore Capital Management LP were among those that added to their position in Alibaba. Farallon Capital Management LLC took a fresh stake in the company, buying 221,000 shares valued at $18.4 million.
The moves come after a disappointing earnings report in January that sent the stock plunging 20 percent during the first quarter.
The company's shares have recovered, up 6.3 percent since the end of March and up nearly 8.8 percent in May alone. The company reported stronger quarterly results in May and appointed a new chief executive.
"It was a smart move," said Gil Luria, an analyst with Wedbush Securities. "These hedge funds used the negative sentiment as an opportunity to buy the stock at a depressed level."
Among those who boosted their stake, Soros Fund Management added 44,604 shares to its 4.4 million stake. Tiger Global Management increased its stake by 15 percent to 6.7 million shares at the end of March, while Viking Global almost doubled its shares to 6.9 million. Tiger Management, led by Julian Robertson, raised its stake 11 percent to 636,878 shares. And Louis Bacon's Moore Capital Management boosted its stake some 15-fold to 2.1 million shares from just 138,345 shares at the end of last year.
"This is a classic example of the more public sentiment being less than positive and the so-called 'smart money' seizing on related opportunities," said S&P Capital IQ analyst Scott Kessler.
Daniel Loeb's Third Point LLC and John Paulson's Paulson & Co took an opposite stance, with Third Point dissolving its 10 million-share Alibaba stake and Paulson vacating its 1.93 million share position at the end of the first quarter. The moves came after they had steadily built up their positions in previous quarters.
The firms are among big hedge funds reporting their positions as of the end of March. U.S. regulators require large investors to disclose stock holdings every quarter, providing a window into the strategies of some of the biggest managers. The disclosures, known as 13F filings, are due Friday.
Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Alibaba (BABA) / Jack Ma
by winston » Sat May 16, 2015 8:30 am
not vested
Alibaba’s Jack Ma in deal for Hong Kong broker Reorient
By YVONNE LEE
HONG KONG — Five investors including Alibaba Chairman Jack Ma agreed to acquire a controlling stake in Hong Kong-listed Reorient Group Ltd, amid growing interest in the city’s brokerages.
According to a Hong Kong stock exchange filing on Thursday, Ma’s Yunfeng Financial Holdings agreed to buy a 56% stake in Reorient for 2.7 billion Hong Kong dollars ($347 million) on May 7. The filing didn’t elaborate.
Investment firm Reorient Group last week announced the sale of 81% of its enlarged share capital to Yunfeng, in which Ma owns a 40% stake, and four other investors.
The deal by Ma follows other recent purchases by the tech entrepreneur. The Alibaba BABA, +0.07% chairman invested in share sales by Shanghai conglomerate Fosun International Ltd 0656, -1.83% and China Taiping Insurance Holdings 0966, +2.30% that have raised a combined $3 billion.
Source: WSJ
Alibaba’s Jack Ma in deal for Hong Kong broker Reorient
By YVONNE LEE
HONG KONG — Five investors including Alibaba Chairman Jack Ma agreed to acquire a controlling stake in Hong Kong-listed Reorient Group Ltd, amid growing interest in the city’s brokerages.
According to a Hong Kong stock exchange filing on Thursday, Ma’s Yunfeng Financial Holdings agreed to buy a 56% stake in Reorient for 2.7 billion Hong Kong dollars ($347 million) on May 7. The filing didn’t elaborate.
Investment firm Reorient Group last week announced the sale of 81% of its enlarged share capital to Yunfeng, in which Ma owns a 40% stake, and four other investors.
The deal by Ma follows other recent purchases by the tech entrepreneur. The Alibaba BABA, +0.07% chairman invested in share sales by Shanghai conglomerate Fosun International Ltd 0656, -1.83% and China Taiping Insurance Holdings 0966, +2.30% that have raised a combined $3 billion.
Source: WSJ
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Alibaba (BABA) / Jack Ma
by winston » Sat May 16, 2015 9:55 am
My favorite “in” China stock is Alibaba Group Holdings Inc. (NYSE:BABA)
by Keith Fitz-Gerald
The company dominates the e-commerce industry in China (which is expected to grow by 32% this year, to total $562.6 billion in sales).
The consulting firm Forrester says that the Chinese e-commerce market could grow to $1 trillion by 2020 – so Alibaba has enormous long-term potential if it can just retain, never mind grow, its current market share.
And it shows no sign of slowing down its aggressive acquisitions and partnering strategy that ties its fate ever more closely to China’s rise.
Just yesterday, for example, Alibaba announced a strategic investment in the logistics company YTO Express, which already services 2,300 Chinese cities and is one of only three companies in the country that is licensed for aviation logistics.
Source: Money Morning
by Keith Fitz-Gerald
The company dominates the e-commerce industry in China (which is expected to grow by 32% this year, to total $562.6 billion in sales).
The consulting firm Forrester says that the Chinese e-commerce market could grow to $1 trillion by 2020 – so Alibaba has enormous long-term potential if it can just retain, never mind grow, its current market share.
And it shows no sign of slowing down its aggressive acquisitions and partnering strategy that ties its fate ever more closely to China’s rise.
Just yesterday, for example, Alibaba announced a strategic investment in the logistics company YTO Express, which already services 2,300 Chinese cities and is one of only three companies in the country that is licensed for aviation logistics.
Source: Money Morning
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 111924
- Joined: Wed May 07, 2008 9:28 am
Re: Alibaba (BABA) / Jack Ma
by winston » Sun May 17, 2015 5:52 am
not vested
Luxury brands hit Alibaba with counterfeit suit
Online shopping giant vows to vigorously fight claim by top names - including Gucci and YSL - that it knowingly enabled sale of fake products
A group of luxury fashion brands are suing Chinese online shopping giant Alibaba, claiming it knowingly made it possible for counterfeiters to sell their products throughout the world.
The lawsuit, filed on Friday in Manhattan Federal Court in the US by Gucci, Yves Saint Laurent and other brands owned by Paris-based Kering SA, seeks damages and an injunction for alleged violations of trademark and racketeering laws.
It claims that Alibaba conspired to manufacture, offer for sale and traffic counterfeit products bearing their trademarks without their permission.
An Alibaba spokeswoman said the complaint had "no basis in law" and vowed the company would "fight it vigorously".
"We continue to work in partnership with numerous brands to help them protect their intellectual property, and we have a strong track record of doing so," said the spokeswoman. "Unfortunately, Kering Group has chosen the path of wasteful litigation instead of the path of constructive cooperation."
The lawsuit came as the latest headache for Alibaba Group. On Thursday, Taiwanese media reported that Alibaba's online marketplace Taobao had been fined NT$240,000 (HK$61,000) and ordered to withdraw from the island within six months for violating investment rules for mainland companies.
Concerns over fake products on Alibaba's platforms, including on Taobao, have dogged the company for years, although the US Trade Representative removed Taobao from its list of "notorious markets" in 2012.
Friday's lawsuit by the luxury goods makers marked the second time in less than a year that the Kering brands had sued Alibaba over the alleged sale of counterfeit products.
An earlier lawsuit was filed in July only to be withdrawn the same month with the ability to refile it while the Kering units worked towards a resolution with Alibaba, according to court records.
The lawsuit alleged that Alibaba and its related entities "provide the marketplace advertising and other essential services necessary for counterfeiters to sell their counterfeit products to customers in the United States".
The lawsuit cited, for example, an alleged fake Gucci bag offered for US$2 to US$5 each by a Chinese merchant to buyers seeking at least 2,000 units. The authentic Gucci bag retailed for US$795, the complaint said.
Alibaba had allowed counterfeit sales to continue even when it had been expressly informed that merchants were selling fake products, the lawsuit said.
The lawsuit seeks a court order that, among other things, would block Alibaba from offering or facilitating the sale of counterfeit products and unspecified damages that could include US$2 per counterfeit item under a statutory regime.
In February, Jack Ma Yun , chairman and founder of Alibaba, said he "felt wronged" amid the controversies surrounding his company, including the accusations it was selling fake products.
A war of words erupted between Alibaba and the mainland's State Administration for Industry and Commerce in late January after the agency accused the group of allowing counterfeit and substandard goods to be sold through its Taobao site.
Source: SCMP
Luxury brands hit Alibaba with counterfeit suit
Online shopping giant vows to vigorously fight claim by top names - including Gucci and YSL - that it knowingly enabled sale of fake products
A group of luxury fashion brands are suing Chinese online shopping giant Alibaba, claiming it knowingly made it possible for counterfeiters to sell their products throughout the world.
The lawsuit, filed on Friday in Manhattan Federal Court in the US by Gucci, Yves Saint Laurent and other brands owned by Paris-based Kering SA, seeks damages and an injunction for alleged violations of trademark and racketeering laws.
It claims that Alibaba conspired to manufacture, offer for sale and traffic counterfeit products bearing their trademarks without their permission.
An Alibaba spokeswoman said the complaint had "no basis in law" and vowed the company would "fight it vigorously".
"We continue to work in partnership with numerous brands to help them protect their intellectual property, and we have a strong track record of doing so," said the spokeswoman. "Unfortunately, Kering Group has chosen the path of wasteful litigation instead of the path of constructive cooperation."
The lawsuit came as the latest headache for Alibaba Group. On Thursday, Taiwanese media reported that Alibaba's online marketplace Taobao had been fined NT$240,000 (HK$61,000) and ordered to withdraw from the island within six months for violating investment rules for mainland companies.
Concerns over fake products on Alibaba's platforms, including on Taobao, have dogged the company for years, although the US Trade Representative removed Taobao from its list of "notorious markets" in 2012.
Friday's lawsuit by the luxury goods makers marked the second time in less than a year that the Kering brands had sued Alibaba over the alleged sale of counterfeit products.
An earlier lawsuit was filed in July only to be withdrawn the same month with the ability to refile it while the Kering units worked towards a resolution with Alibaba, according to court records.
The lawsuit alleged that Alibaba and its related entities "provide the marketplace advertising and other essential services necessary for counterfeiters to sell their counterfeit products to customers in the United States".
The lawsuit cited, for example, an alleged fake Gucci bag offered for US$2 to US$5 each by a Chinese merchant to buyers seeking at least 2,000 units. The authentic Gucci bag retailed for US$795, the complaint said.
Alibaba had allowed counterfeit sales to continue even when it had been expressly informed that merchants were selling fake products, the lawsuit said.
The lawsuit seeks a court order that, among other things, would block Alibaba from offering or facilitating the sale of counterfeit products and unspecified damages that could include US$2 per counterfeit item under a statutory regime.
In February, Jack Ma Yun , chairman and founder of Alibaba, said he "felt wronged" amid the controversies surrounding his company, including the accusations it was selling fake products.
A war of words erupted between Alibaba and the mainland's State Administration for Industry and Commerce in late January after the agency accused the group of allowing counterfeit and substandard goods to be sold through its Taobao site.
Source: SCMP
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 111924
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