Alibaba Group Unveils Omni-Channel Retailing Plans for 2015 11.11 Global Shopping Festival
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Alibaba (BABA) Announces Omni-Channel Retailing Plans for 2015 11.11 Global Shopping Festival
October 19, 2015 8:42 AM EDTAlibaba (NYSE: BABA) revealed its omni-channel retailing plans for the 2015 11.11 Global Shopping Festival.
This year, more than 1,000 retail brands, with 180,000 stores in 330 cities across China, will participate in this years 11.11 Global Shopping Festival. In Beijing alone, more than 8,000 stores will join the 11.11 festival.
Consumers will have access to products, prices, services, delivery options and membership benefits online as well as at the participating brands physical stores. Brands participating in omni-channel sales include Estee Lauder and Mars, featuring products in 10 major categories: automobiles, home furnishing and décor, household items, consumer electronics,... More
Alibaba (BABA) Announces Acquisition of Remaining YOKU Shares; Wedbush Cuts Price Target to $75
October 19, 2015 8:33 AM EDTWedbush maintained a Neutral rating on Alibaba (NYSE: BABA), and cut the price target to $75.00 (from $80.00), following announced acquisition of remaining YOKU shares for $3.5 billion. The acquisition will be funded by BABAs cash on hand.
Analyst Gil Luria commented, "We believe... More
Summit Research Reiterates Buy on Alibaba (BABA) Ahead of November 11th Shopping Day
October 19, 2015 7:26 AM EDTSummit Research reiterated a Buy rating and $81.00 price target on Alibaba (NYSE: BABA) ahead of the November 11th shopping day. We believe this years shopping event will showcase Alibabas global strategy and cross-border commerce capability. Alibaba estimates there will be more than 5,000 international... More
