Alibaba (BABA) reports sales on 'Singles Day' of about $9.3B
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Alibaba (BABA) Price Target Lifted to $132 at BofA/Merrill Lynch
November 11, 2014 1:57 PM ESTBofA/Merrill Lynch analyst Eddie Leung raised his price target on Buy-rated Alibaba (NYSE: BABA) for the second time since launching coverage on October 14th. Today the target price goes to $132.00 (from $122.00).
Leung, who made the call before the official... More
Alibaba's (BABA) 24-hour Online Sale Rakes in Over $9 Billion GMV
November 11, 2014 1:29 PM ESTAlibaba (NYSE: BABA) provided an update on Shopping Festival sales on its website. The text is below.
"Total sales for Alibaba Groups 11.11 Shopping Festival soared to $9.3 billion on Nov. 11, smashing the record set last year and cementing the 24-hour promotions place as the biggest online shopping event in the world.
Shortly after the sale ended at midnight, Alibaba Group announced that the total gross merchandise volume (GMV) transacted over Alibaba Groups Chinese and international retail marketplacespurchases that were paid for through Alipay, Alibabas e-payments affiliatejumped 60.3 percent over... More
