Express News | Alibaba: On January 2, approximately 39.9869 million USD was spent to repurchase 3.7736 million shares.

BreakingsJan 3 18:34

On January 2, Alibaba-W (09988) invested 39.9869 million USD to repurchase 3.7736 million shares.

Alibaba-W (09988) announced that on January 2, 2025, the company will invest 39.9869 million...

Zhitong FinanceJan 3 18:32

The net Inflow into the TRACKER FUND OF HONG KONG is 5.062 billion Hong Kong dollars.

The northbound capital flow saw a net inflow into TRACKER FUND OF HONG KONG (02800.HK), Tencent (00700.HK), and WEIMOB INC (02013.HK), reaching 5.062 billion Hong Kong dollars, 0.164 billion Hong Kong dollars, and 55.66 million Hong Kong dollars respectively. In contrast, there was a net outflow from Xiaomi Group (01810.HK), Alibaba (09988.HK), and Meituan (03690.HK), totaling 0.954 billion Hong Kong dollars, 0.169 billion Hong Kong dollars, and 66.12 million Hong Kong dollars respectively. The highest net inflow of capital into active stocks through SH->HK Connect was 2.596 billion Hong Kong dollars for TRACKER FUND OF HONG KONG (02800.HK), while the most...

AASTOCKSJan 3 18:25

Alibaba Set on Growth Path After Divesting Bricks-and-mortar Retailing Assets: Analysts

Yahoo FinanceJan 3 17:30

[Brokerage Focus] Everbright maintains a "Buy" rating on Alibaba (09988), noting that the sale of Intime Retail and SUNART RETAIL may negatively impact investment returns in the short term.

Jinwu Financial News | Everbright has issued a Research Report indicating that Alibaba (09988) and its subsidiary, New Retail, have entered into an agreement with Dehong Capital to sell all their shares in SUNART RETAIL, which account for approximately 78.7% of the total issued shares of SUNART RETAIL. A total of 7.508 billion shares are up for sale, of which 73.66% is indirectly held by Alibaba's subsidiary, and 5.04% is held by New Retail. The company operates hypermarkets and mid-sized supermarkets as well as membership store businesses under the brands "RT-Mart," "RT-Mart Super," and "M Membership Store." Alibaba is selling high.

Jinwu Financial NewsJan 3 16:17 · Ratings

Goldman Sachs: Assigns a "Buy" rating to Alibaba-W (09988) with a Target Price of HKD 131.

The bank believes that the company's announced divestiture of non-core offline retail Assets aligns with management's ongoing focus on core Business (i.e., E-Commerce and cloud Business) and enhances Shareholder returns through the Global Strategy.

Zhitong FinanceJan 3 16:07 · Ratings