Nasdaq BABA Alibaba

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Looking outside her Beijing coffee shop where seven other nearby cafes including a Starbucks compete for customers, Huang Ying is simply glad to still be in business.

Chinese Starbucks customers can order the coffee chain's drinks on Alibaba's Taobao marketplace and mobile map app Amap, the companies said on Tuesday, expanding a partnership signed in 2018.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

(RTTNews) - Alibaba Group Holding Ltd. (BABA) shares are trading higher on Monday as its financial services arm Ant Financial is planning a dual listing on Hong Kong stock exchange and Shanghai stock exchanges. The initial public offering is expected to be one of the biggest in

The chances US - China trade tensions will cool down any time soon appear as likely as the coronavirus is to disappear in the near term. The recent talks of a ban on Chinese owned TikTok, along with the UK apparently bowing to Trump by cancelling its 5G arrangement with Huawei, indicate a prolonged tussle might be in the cards.

While Baird's Colin Sebastian admits Alibaba (BABA) is not immune to the vicissitudes of an uncertain macro climate, the 5-star analyst argues “the pace of retail recovery and impressive ramp in cloud adoption,” indicates Alibaba has more upside potential over the next 12 months.

“Given China's swift response to the initial COVID outbreak and relatively quick return to "normal," we believe consensus estimates may not fully reflect the extent of the China retail recovery and BABA's accelerated near-term market share gains. While growth in the quarter was ostensibly limited by a slow start to April as China reopened the economy gradually (e.g., warehousing, transportation), the Trivium National Business Activity Index indicated the country was operating at 87% output by May 12, with further improvement continuing through June,” Sebastian said.

There is more positive data to support the Baird analyst’s sentiment. According to the Chinese National Bureau of Statistics (NBS), although total retail sales dropped in June by 1.8% year-over-year, this was an improvement on May’s figures, which were down by 2.8% compared to the same period last year. Within retail, e-commerce sales grew considerably; In Q2 online retail was up by 14.3%, indicating 21.5% year-over-year growth compared to the 5.9% year-over-year increase exhibited in Q1.

No doubt this is all good news for the world’s largest online commerce business, as Alibaba accounts for more than 58% of all retail e-commerce market share in China.

Q2 has provided other highlights for Alibaba, including record sales from its 6.18 Mid-Year Shopping Festival.

Furthermore, in April the company announced a 3-year plan to invest ¥200B (roughly $28B) in its cloud business, indicating to Sebastian, that it “reflects Alibaba's ongoing focus on driving market share gains in lieu of segment profitability.”

“Given the likely acceleration of cloud adoption globally as a result of COVID,” Sebastian concluded, “We expect the company will continue to invest aggressively in new product innovations, especially as domestic competitors such as Tencent continue to ramp their enterprise cloud ambitions.”

All this leads Sebastian to reiterate an Outperform (i.e. Buy) rating on BABA along with a $275 price target. Investors could be taking a home an 8% uptick, should the figure be met over the next months. (To watch Sebastian’s track record, click here)

Sebastian’s colleagues are no less enthusiastic. 1 Hold rating is soundly trounced by 18 Buys and results in a Strong Buy consensus rating. At $272.11, the average price target implies shares will add nearly 7% of brawn in the year ahead. (See BABA stock analysis on TipRanks)

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Vodacom Group plans to create a 'super app' in partnership with digital payment provider Alipay, part of China's Alibaba group, to allow consumers in South Africa to shop online, pay bills and send money to family from next year.

Chinese electric vehicle (EV) start-up Xpeng Motors has raised another $500 million. The company said on Monday that it has completed a "Series C+" finance round with investors including Hillhouse Capital Group and the Chinese branch of Sequoia Capital. 

Chinese Starbucks customers can order the coffee chain's drinks on Alibaba's Taobao marketplace and mobile map apps, Reuters checks showed, in a sign the two companies may be expanding a partnership signed in 2018.

Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, said on Monday that it had started the process of a concurrent initial public offering on Shanghai's Nasdaq-style Star Market and the Hong Kong Stock Exchange.

Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, said on Monday that it had started the process of a concurrent initial public offering on Shanghai's Nasdaq-style Star Market and the Hong Kong Stock Exchange.

Chinese electric vehicle (EV) manufacturer Xpeng Motors, backed by Alibaba Group Holding Ltd, said on Monday it has raised around $500 million in its latest funding round.

Chinese electric vehicle (EV) manufacturer Xpeng Motors, backed by Alibaba Group Holding Ltd, said on Monday it has raised around $500 million in the latest funding round.

The novel coronavirus has infected more than 14 million people across the world, and nearly 600,000 people have died from COVID-19 as of July 18, according to a Reuters tracker. But the worst may be ahead of us according to the latest warnings from leadership at the World Healt

In this episode of MarketFoolery, host Chris Hill chats with analyst Emily Flippen about the latest quarterly results and news from Wall Street. They talk about why Moderna (NASDAQ: MRNA) is facing backlash from some quarters around its COVID-related announcements. Another healt

Tencent (OTC: TCEHY) recently launched Minishop, a new tool that lets merchants directly launch online stores on WeChat. WeChat is the most popular messaging app in China with over 1.2 billion monthly active users, so the move could set the foundations for a new e-commerce mark

Beyond Meat (NASDAQ: BYND), a leading provider of plant-based meat, has been growing rapidly as it capitalizes on the growing trend toward healthier meat alternatives. The proof is in its revenue number. Its top line was about $16 million in 2016, and it grew to nearly $300 mill

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