Alibaba and Suning Commerce Enter Into Strategic Alliance
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Alibaba (BABA) Shares Slump Ahead of Q1 Report
August 11, 2015 2:34 PM EDTAlibaba (NYSE: BABA) shares are trading to a 52-week low Tuesday ahead of the company's FQ1 earnings report, which is expected out before markets open tomorrow.
Consensus estimates are looking for Alibaba to post FQ1 EPS of $0.58 with revenue of $3.39 billion, versus EPS of... More
JD (JD) Declines After Alibaba (BABA), Suning Enter Strategic Alliance
August 10, 2015 11:13 AM EDTJD.com (NASDAQ: JD) declined Monday, falling 5% intraday after Alibaba (NYSE: BABA) said it will invest approximately RMB28.3 billion (US$4.63 billion) for a 19.99% stake in Suning, one of the largest consumer electronics retail chains in China.
Commenting on the development, analyst Alan Hellawell III of Deutsche Bank said, "The... More
Alibaba (BABA) to Take $4.6B Stake in Consumer Electronics Giant Suning
August 10, 2015 6:25 AM EDTAlibaba (NYSE: BABA) and Suning Commerce Group Limited announced that Alibaba will invest approximately RMB28.3 billion (US$4.63 billion) for a 19.99% stake in Suning, one of the largest consumer electronics retail chains in China. After the closing of the investment in Suning, Alibaba will be the second-largest shareholder in the company.
Concurrent with Alibabas investment in Suning, Suning will invest up to RMB14 billion (US$2.28 billion) to subscribe for up to 27.8 million newly issued ordinary shares of Alibaba. After the investment, Suning will hold approximately a 1.1% interest in Alibabas enlarged issued and outstanding share... More
