Unusual Options Activity in Alibaba (BABA) Targets 5-11% Upside in Shares by October Expiration Following 1Q EPS Beat -Susquehanna

Alibaba (BABA) PT Raised to $190 at Needham & Company Following Solid Quater

August 18, 2017 7:17 AM EDT

Needham & 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 EDT

JPMorgan 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

Alibaba beats on earnings as e-commerce remains core revenue driver

August 17, 2017 6:56 AM EDT

By Cate Cadell

BEIJING (Reuters) - Alibaba, China's top e-commerce firm, beat analyst estimates with a 56 percent rise in first-quarter revenue, driven by strong online sales.

Thursday's results show that Alibaba Group Holding Ltd (NYSE: BABA), one of Asia's most valuable companies, continues to derive the lion's share of its revenue from e-commerce, despite strong growth in its entertainment and cloud businesses.

Sales on the company's e-commerce platforms made up 86 percent of revenue in the three months to June 30, up from 73 percent a year prior.

Alibaba's stock is up... More

Alibaba (BABA) Tops Q1 EPS by 25c

August 17, 2017 6:46 AM EDT

Alibaba (NYSE: BABA) reported Q1 EPS of $1.17, $0.25 better than the analyst estimate of $0.92. Revenue for the quarter came in at $7.4 billion versus the consensus estimate of $7.15 billion.

Alibaba had a strong start to fiscal 2018, reflecting the strength and diversity of our... More

China Unicom shares still halted amid confusion over $12 bln fundraising

August 17, 2017 3:28 AM EDT

By Sumeet Chatterjee and Sijia Jiang

HONG KONG (Reuters) - China Unicom's two main units said on Thursday their shares would remain suspended until further notice, amid uncertainty over details of a $11.7 billion fundraising that is expected to be a model case for revamping state firms with private capital.

The development comes one day after the state-owned group announced it was raising the funds from about a dozen investors, including tech giants Alibaba Group (NYSE: BABA), Tencent Holdings , Baidu (NASDAQ: BIDU), and JD.com (NASDAQ:... More

China targets Alibaba's Taobao, other e-commerce sites, in VPN crackdown

August 17, 2017 2:47 AM EDT

By Cate Cadell

BEIJING (Reuters) - Chinese authorities have issued a warning to the country's top e-commerce platforms, including Alibaba Holding Group Ltd's (NYSE: BABA) Taobao.com, over the sale of illegal virtual private networks that allow users to skirt state censorship controls.

Five websites have been asked to carry out immediate "self-examination and correction" to remove vendors that sell illegal virtual private networks (VPNs), according to a notice posted by the Zhejiang provincial branch of the Cyberspace Administration of China (CAC), China's top cyber regulator.

Some of them were... More