193.45 +1.21 (0.63%)
After hours: 6:27PM EST
|Bid||193.31 x 100|
|Ask||193.40 x 300|
|Day's range||183.54 - 192.40|
|52-week range||99.94 - 192.49|
|PE ratio (TTM)||52.45|
|Earnings date||1 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||213.18|
Alibaba’s (BABA) decision to float its $7.0 billion bond sale in November may have been a well-timed move designed to limit its costs associated with borrowing. Alibaba’s $7.0 billion bond sale was its second in three years after it last sold $8.0 billion in bonds in 2014. The Wall Street Journal reported that it marketed the bonds through roadshows in Asia, Europe (EFA), and the US.
Tencent Holdings Ltd. plans to invest in Carrefour SA’s China unit, following Alibaba Group Holding Ltd.’s footsteps to uproot traditional grocery and department stores with technology.
Jack Ma, the billionaire founder of Alibaba, is trying to improve education for millions of Chinese children.
Just before 2017 drew to a close, Alibaba (BABA) sold $7.0 billion in US (SPY) dollar-denominated bonds. Alibaba’s latest bonds have maturities ranging from 5.5 years to 40 years, the Wall Street Journal reported. In its latest bond issuance, Alibaba went to the debt markets with the aim of raising funds to invest in growth areas.
On September 15, 2017, Reuters reported that JD Finance considered investing in First Capital Securities for a stake in the brokerage company. First Capital denied the report on September 17. JD Finance is the financial arm of e-commerce company JD.com (JD), serving the same function as Ant Financial does with Alibaba (BABA). First Capital Securities is a China-based (MCHI) securities brokerage company that was once a joint venture partner of US-based (SPY) lender JPMorgan Chase (JPM).
Are IPO plans for JD and Alibaba in the slow lane? When JD.com (JD) followed in Alibaba’s (BABA) footsteps and separated its finance unit JD Finance, there was speculation that it was preparing the unit for an IPO (initial public offering). Alibaba spun off its financial services arm, Ant Financial, before it went public in the US (SPY) in 2014.
YY, Vipship, NetEase, Momo and other China-based companies are growing fast as the country's internet usage continues to expand.