Alibaba (BABA)/ 9988 HK; Jack Ma 03 (May 21 - Jun 25)

[behappyalways]

Regulatory cooling signal! Beijing acquiesces to Alibaba's one-for-one split and its stock price soars 14%

監管降溫訊號! 北京默許阿里巴巴一拆六 股價大漲14%｜方念華｜FOCUS全球新聞 20230329@tvbsfocus

https://m.youtube.com/watch?v=Wshr6xawFpk

[winston]

not vested

Alibaba launches budget shopping channel on Taobao, intensifying domestic price war with e-commerce rivals JD.com and Pinduoduo

Taobao’s new budget channel, named 99 Temai, initially covers hundreds of thousand of items that include household goods, snacks and plants

This new section, initially available to select subscribers, is expected to be rolled out to all Taobao users by the end of April

by Iris Deng

Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... e30b0c929e

[behappyalways]

Based on the two relationships, one should take note


Alibaba shares tumble after SoftBank reportedly sells most of its stake
https://www.cnbc.com/2023/04/12/alibaba ... stake.html

腳底抹油緊酸! 馬雲沉寂兩年低調移居日本 入主孫正義轉讓豪宅 "一證在手"連中國都不敢攔│記者 魏仁君│【國際大現場】20221208│三立新聞台
https://m.youtube.com/watch?v=12tcAJUzZwA

[winston]

SoftBank has bigger reasons to sell Alibaba

By TIM CULPAN

Cash is crucial to Son’s empire for multiple reasons.

First, he put the Vision Fund on the hook for 7% in annual payments on US$40bil (RM175.5bil) of preferred equity right from the start, regardless of the portfolio’s earnings.

Then there’s the rest of SoftBank’s debt. At the end of December, it stood at 31.7 trillion yen; that’s US$235bil (RM1 trillion)at today’s exchange rate.

Less than one-eighth of that is interest-bearing liabilities due within a year.

Source: The Star

https://www.thestar.com.my/business/bus ... ll-alibaba

[winston]

not vested

Taobao Tmall unit of Alibaba (9988)

According to mainland media reports, the Taobao Tmall unit of Alibaba (9988) has completed its restructuring, marking the first step in the company's major six-way spinoff plan.

As part of the restructuring, three departments have been established within Taobao Tmall's operations.

The first department will focus on the development of Taobao apparel and trend products, while the second department will oversee Tmall apparel, Tmall International, Tmall luxury products and electronic products.

The third department will manage marketplaces such as Tmall supermarket and Taocaicai.

But this China e-commerce unit will not seek an initial public offering as the other five groups will be allowed to, said Alibaba in a March statement.

Source: The Standard

[winston]

not vested

Ant fine may be lowered by 25pc, charges downgraded

Chinese regulators are expected to fine Ant Group about a quarter less than the more than US$1 billion (HK$7.8 billion) initially planned and downgrade their charges against it.

The fine being considered now is about 5 billion yuan (HK$5.7 billion).

The fine would help pave the way for the fintech giant to secure a long-awaited financial holding company license, seek growth and eventually revive its listing plans.

Source: Reuters

https://www.thestandard.com.hk/section- ... downgraded

[winston]

Alibaba Cloud Slashes Prices for Core Products by 15-50%

BABA-SW (09988.HK) 's Alibaba Cloud announced the biggest price reduction ever, with the selling prices of its core products being slashed by 15-50%.

As the leading cloud-computing company in China that is within the top three in the world, Alibaba Cloud remarked that the price cuts will further expand the user base and scale of the public cloud and increase the company's penetration rate in the cloud-computing market.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[behappyalways]

Retirement and new life for Jack Ma? Jack Ma has repeatedly expressed his enthusiasm for education

馬雲退休新生活? 馬雲多次表達教育熱忱 企業家轉行教師 阿里巴巴創辦人到東大執教｜記者 許庭瑋｜【國際大現場】20230420｜三立新聞台

https://m.youtube.com/watch?v=suwsVPzpITk

[winston]

vested

Alibaba e-commerce arm mulls US IPO

Alibaba's (9988) international online shopping unit is exploring a US initial public offering as soon as next year as it weighs options to spur growth for the business that includes major e-commerce brands Lazada and AliExpress.

Source: Bloomberg

https://www.thestandard.com.hk/section- ... lls-US-IPO

[winston]

Alibaba misses revenue estimates, approves cloud unit spinoff

Posted a 2% rise in quarterly revenue that missed expectations and said its board has approved a spinoff of its cloud-computing business.

The company logged revenue of 208.20 billion yuan (RM136.3 billion) for the three months ended in March, compared with a Refinitiv consensus estimate of 210.3 billion yuan drawn

Full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders. It aims to complete the spinoff in the next 12 months.

Net income attributable to ordinary shareholders was 23.52 billion yuan, compared with a loss of 16.24 billion yuan.

Revenue for the full year climbed 2% to 868.69 billion yuan.

Source: Reuters / Reuters