State-owned China Unicom to raise $12 billion from Alibaba, Tencent, others
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Alibaba (BABA) PT Raised to $190 at Needham & Company Following Solid Quater
August 18, 2017 7:17 AM EDTNeedham & Company raised its price target on Alibaba (NYSE: BABA) to $190.00 (from $155.00) while maintaining a Buy rating following the company's 1Q18 results. Alibaba reported revenue and EBITDA exceeding expectations, driven primarily by strength in its Core Commerce and Cloud businesses. Revenue grew 56%... More
Alibaba (BABA) PT Raised to $205 at JPMorgan Following 1Q
August 18, 2017 7:01 AM EDTJPMorgan raised its price target on Alibaba (NYSE: BABA) to $205.00 (from $190.00) while maintaining a Overweight rating following the company's 1Q earnings release. BABA reported a 56% top-line growth, as-well-as 62% EPS growth. Analyst Alex Yao believes that Alibabas solid financial performance is a testament to its... More
Baidu.com (BIDU) Reports Buyer Group Investment in China Unicom
August 16, 2017 8:26 AM EDTBaidu, Inc. (NASDAQ: BIDU), the leading Chinese language internet search provider, today announced that an investor consortium led by the Company ("Buyer Group") had entered into a share purchase agreement with China United Network Communication Limited ("China Unicom") (SHA: 600050), one of the largest... More
