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

[winston]

vested

Chinese e-commerce giant JD.com wins antitrust lawsuit against Alibaba, which was ordered by a Beijing court to pay US$141 million in damages

The Beijing High People’s Court on Friday ruled that Alibaba ‘abused its market dominance’, using the tactic known as ‘picking one from two’

JD.com asserted that monopolistic practices have hampered competition in China’s e-commerce market and hurt the rights of merchants and consumers

by Iris Deng

Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... ed-beijing

[winston]

vested

Alibaba in buyback hint as stock woes continue

Alibaba (9988) has hinted of potential share buybacks of up to US$11.7 billion after the stocks in the mainland and Hong Kong retreated yesterday in post-holiday trading on China's economic woes.

The e-commerce giant revealed in a statement that it repurchased a total of 897.9 million ordinary shares for US$9.5 billion (HK$74.1 billion) last year, including US$2.9 billion in the last quarter.

The remaining amount of Alibaba's share buyback program is, as authorized by its board, US$11.7 billion by year-end.

With the repurchase program effective through March 2025, Alibaba will provide updates on it after the end of each quarter.

Source: The Standard

https://www.thestandard.com.hk/section- ... s-continue

[behappyalways]

"#China's central bank stated #Alipay now has no controller...Jack Ma will no longer control the fintech giant & give up most of his voting rights...As of this wk "corp governance optimization has been completed"

Optimization = de facto nationalization?
https://twitter.com/ChinaBeigeBook/stat ... 5236511058



Alibaba's regional online shopping unit Lazada marks new year with layoffs in Singapore
https://www.theedgesingapore.com/news/d ... -singapore

[behappyalways]

The Jack Ma dynasty is over!
马云王朝终结！　6港股权益归零【东方头条】2024-1-4
https://m.youtube.com/watch?v=6JZL4zo821U


Sudden layoffs at Lazada left people crying, baffled, say employees
https://www.channelnewsasia.com/singapo ... es-4024746

[winston]

vested

Weaker-than-expected 3QFY3/24 performance; international commerce outlook stays strong

Expect customer management revenue to grow 1% y-o-y in 3QFY3/24, cut from our previous forecast of 3%

GMV growth is faster than that of CMR, thanks to the successful implementation of low-price strategy

Revised down FY3/24F-26F earnings by 5%/11%/12%, mainly on higher international investment assumptions

Maintain BUY, as we expect growth momentum to pick up in FY3/25F with lowered TPs of HK$133/US$134

Source: DBS

https://www.dbs.com/insightsdirect/comp ... ecid=17704

[winston]

vested

Alibaba trading at half Hong Kong utility’s valuation after drop

By Jeanny Yu

Hit by sluggish domestic online sales, fierce competition and skepticism over its future as it scrapped plans to spin off its cloud business and changed leadership.

Source: Bloomberg

https://theedgemalaysia.com/node/697145

[winston]

vested

How Alibaba's 3% Reduction in Outstanding Shares Affects the Stock's Future

During the 12 months ended December 31, 2023, Alibaba Group Holding Limited (BABA) repurchased a total of 897.9 million ordinary shares for $9.5 billion. This includes the purchase of 292.7 million ordinary shares for a total of $2.9 billion during the fourth quarter.

The shares were purchased in both the U.S. and Hong Kong markets under its share repurchase program, the company said in a filing.

The Chinese e-commerce giant said that it had 20 billion ordinary shares outstanding as of December 31, 2023, compared to 20.7 billion ordinary shares from December 31, 2022. This indicates a net reduction of 3.3% in its outstanding shares.

Source: INO.com

https://www.ino.com/blog/2024/01/how-al ... =blogclick

[behappyalways]

Is Alibaba Selling Kamikaze Drones?
https://www.zerohedge.com/military/alib ... aze-drones

[behappyalways]

Alibaba co-founders buy more than $200 million worth of shares, sending stock up
https://www.cnbc.com/2024/01/23/alibaba ... i-buy.html

[winston]

vested

SoftBank Confirms Completion of Stake Cut in BABA-SW, $66.6B Gain to be Booked This FY

The previous transaction of Skybridge, a wholly-owned subsidiary of SoftBank Group, to reduce its stake in BABA-SW (09988.HK) by entering into prepaid forward contracts has fully settled in physical form, as announced by SoftBank.

The related gain on sale of investment securities of JPY1,259.2 billion (about HKD66.672 billion) will be recorded as extraordinary income in its results for the fiscal year ending March, meaning that SoftBank has completely reduced its stake in BABA-SW.

Source: AAStocks Financial News

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