BABA240705C86000
- 0.02
- +0.01+100.00%
Alibaba Newsroom
UBS Group: Alibaba's accelerated buyback pace still far exceeds expectations, giving it a target price of $105.
On July 5th, Credit Suisse released a report stating that Alibaba had previously announced that it had spent $5.8 billion to repurchase 77 million American depositary shares equivalent by the end of the first fiscal quarter, June. Under the repurchase plan, there is still a remaining $26.1 billion repurchase quota, which will be valid until March 2027. The bank believes that Alibaba's accelerated pace of repurchase is still far beyond expectations. The $5 billion convertible notes issued by Alibaba in May should indicate the management's steadfast execution of its commitment to shareholder returns and may alleviate investor concerns. Looking to the future, although Alibaba is undergoing business transformation, its capital actions such as continuous acceleration of repurchases and possible acquisitions may bring advantage to shareholders.
U.S. stock market preview: Heavyweight news! Non-farm data exceeds expectations, and the three major equity index futures jump; Fed "top three": there is still a long way to go to maintain the 2% inflation target.
The US earnings season will kick off next week, putting the US stock market to the test; the increase in US currency supply indicates a reversal of the concentration trend in the US stock market, and mid-small cap stocks may have opportunities; over 1 million chips will be shipped! Nvidia's sales in China are expected to reach $12 billion this year.
Express News | Ant Group Co., Ltd. releases large-scale encrypted computation platform to help tackle data supply challenges in breaking large-scale models.
Express News | Alibaba launches the first domestic AI picture book tool to care for autistic children.
What's Going On With Chinese AI Stocks Alibaba, Baidu, JD On Friday?
Chinese tech stocks, including Alibaba Group Holding Limited (NYSE:BABA), Baidu, Inc (NASDAQ:BIDU), and JD.Com, Inc (NASDAQ:JD), are trading lower Friday after Baidu intensified domestic artificial in
Express News | Ant Group director Wei Tao: when all high stock price data has value in forward-looking business, its value is often higher in the black market.
Taobao Live changes leadership! Cheng Dao Fang: Will invest in the intelligent industry.
Cheng Daofang confirmed that he has left the position of head of the Taotian Content E-commerce Division this week, and stated that he will be undertaking related work for Asia Vets in the future. The successor has previously held positions such as Alibaba Cloud technology expert and general manager of Alibaba UC Business Unit.
Express News | NetEase Down 2.6%, Baidu Down 1.3%
Express News | Li Auto Down 2.1%, Xpeng Down 5.3%
Express News | Alibaba Group Down 1%, JD.com Down 1.9%, PDD Holdings Down 1.4%
Express News | U.S.-Listed Shares of Chinese Companies Fall Premarket as China Stocks Close at 4-1/2 Month Low
Express News | Ant Group Co., Ltd. released Ant Tianjian 2.0, creating the industry's first intelligent body for large model security evaluation and AI verification function.
Chengdao Fang, the Taobao livestreaming celebrity, confirmed that he has resigned and intends to enter the asia vets-related business.
Regarding the leadership change in Alibaba's Taobao Live, Cheng Daofang, former head of Taobao Live and Content Business Division of Taotian Group, confirmed in his circle of friends that he has left his position this week and will no longer be responsible for Taobao Live and related activities on Guagua. He will focus on smart-related work. He added that he is excited about the recent progress in Artificial Intelligence Generated Content (AIGC) in recent years and firmly believes that this wave of Artificial Intelligence (AI) will eventually shine in the field of robotics. As the future has come, the curtain has been opened for the transition from carbon-based life to silicon-based life. He will spend some time learning and welcomes people with interests and backgrounds related to robotics to communicate with him.
Express News | Alibaba Cloud CTO Zhou Jingren: The downloaded volume of the Tongyi Qianwen open source model has exceeded 20 million times.
Express News | Alipay releases a multi-modal medical large-scale model.
Alibaba Cloud: "Tongyi Qianwen" download volume has doubled in the past two months, with Baolian's customer service volume increasing by more than 1.5 times.
According to the internal media, Zhou Jingren, the chief technology officer of Alibaba Cloud, revealed at the World Artificial Intelligence Conference that their open source model "Tongyi Qianwen" has doubled its downloads over the past two months, exceeding 20 million times. He also pointed out that after the product price reduction, many customers directly called large models on Alibaba Cloud, promoting the number of "Alibaba Cloud Bailian" service customers from 0.09 million to 0.23 million, an increase of over 150%. Among them, Weibo (09898.HK), Kingsoft (03888.HK), FAW, Perfect World, CCTV Network, and BlueLing Technology are all customers of "Alibaba Cloud Bailian". (js/u)~
Express News | Alibaba Cloud CTO Zhou Jingren: After the price reduction, the number of Baolian service customers has increased from 0.09 million to 0.23 million.
Stock code 02498.HK of StoTengJuChuang fell by 64% after the end of the embargo period.
STJUMP (02498.HK) opened low today (5th) by 14.92% and then widened its decline, falling more than 64% to a new low. It is currently trading at 18.16 yuan, down 64.36%, with a turnover of HKD 97.9696 million.
Foreign institutions are bullish on Chinese assets, and these symbols are worth paying attention to.
Strategists believe that there are clear signs of economic recovery in China, which is bullish for the company's performance and further supports its valuation.
Express News | Alibaba Cloud's Wang Jian: The AI era will definitely give birth to big companies. There is currently no need to worry about energy issues.