SouChe raises $335 million in Series E round led by Alibaba, aiming to build a new retail ecosystem in automotive industry

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Go back to SouChe raises $335 million in Series E round led by Alibaba, aiming to build a new retail ecosystem in automotive industry

Alibaba (BABA) PT Raised to $215 at Needham & Company Following Strong 2Q Results

November 3, 2017 9:05 AM EDT

Needham & Company raised its price target on Alibaba (NYSE: BABA) to $215.00 (from $190.00) while maintaining a Buy rating. Revenue grew 61% y/y to RMB55.1B, above consensus of RMB52.0B, primarily driven by China Commerce, International Commerce, and Cloud Computing. Adjusted EBITDA increased... More