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Alibaba Newsroom
7.4 billion! Alibaba "shakes off" the burden, Youngor Group officially takes over Silver Intime Department Store.
Analysts point out that although the Youngor Group's acquisition helps its expansion in the retail market, the department store industry is continuously shrinking.
Express News | Alibaba: On December 16, approximately 9.9949 million dollars were spent to repurchase 0.9264 million shares.
Hong Kong Stock Announcement | Alibaba-W: Plans to sell Silver, HeartSky Medical: ScienCrown's transcatheter implanted aortic valve system has obtained the medical instruments registration certificate.
GOLDLION HOLD (00533) received a premium of approximately 24.85% for privatization from Chairman Zeng Zhiming, resuming trading on December 18. IMMUNEONCO-B (01541): The Phase IB clinical trial for IMM0306 to treat optic neuritis spectrum disease has completed the first patient dosing.
Sector Update: Consumer Stocks Edge Higher Premarket Tuesday
Alibaba Exits Offline Retail, Reports $1.3 Billion Loss on Intime Divestment
Eight Overseas wallets have been integrated into WeChat Pay, allowing direct payment through WeChat scanning.
① WeChat Pay has added access for 8 Overseas Institutions wallets. ② WeChat Pay will also expand "outsourcing for internal use" to over 10 Overseas Institutions wallets in multiple countries and regions, including South Korea, Singapore, and Malaysia.
Alibaba Announces It Sold Its Stake in Intime, Seen as 'a Strategic Move'
Express News | The 0.246 billion shares of Banks in Handan have entered the sale process, with a selling price of 0.407 billion yuan.
Alibaba-W (09988.HK) spent 9.995 million dollars to repurchase 0.926 million shares on December 16.
On December 17, Glonghui announced that Alibaba - W (09988.HK) repurchased 926,000 shares at a cost of 9.995 million USD on December 16.
In the Hong Kong Stock Connect, the net Inflow for China Mobile is 0.795 billion Hong Kong dollars.
The Northbound net Inflow to Southbound includes China Mobile (00941.HK), CNOOC (00883.HK), and Alibaba (09988.HK), which amount to 0.795 billion Hong Kong dollars, 0.687 billion Hong Kong dollars, and 0.271 billion Hong Kong dollars, respectively. The Northbound net Outflow includes Meituan (03690.HK) and Xiaomi Group (01810.HK), totaling 0.449 billion Hong Kong dollars and 0.332 billion Hong Kong dollars, respectively. The highest net Inflow of capital via SH->HK Connect among active stocks is China Construction Bank (00939.HK) at 0.701 billion Hong Kong dollars, while the highest net Outflow is Xiaomi Group (01810.HK) at 0.302 billion Hong Kong dollars.
A new round of "slimming"? Alibaba sells Intime Department Store for 7.4 billion yuan, with frequent capital operations in the fourth quarter.
① Alibaba sold Intime Department Store for 7.4 billion yuan, why is the market paying so much attention? ② Since the fourth quarter, Alibaba-affiliated companies have frequently engaged in capital operations, which listed companies might be affected?
Stocks to Watch Tuesday: Alibaba, Coinbase, SoftBank, Super Micro -- WSJ
In 2024, Hong Kong stocks: The Hang Seng Index reached a new high in nearly four years, and the net Inflow of southbound funds exceeded 700 billion.
① How does the overall trend of the Hong Kong stock market perform in 2024? ② What role does southbound capital play in the Hong Kong stock market in 2024? ③ What is the perspective of Institutions for 2025?
Alibaba's Intime Disposal Creates Space for Shareholder Returns -- Market Talk
Alibaba's founder Fund invested 0.15 billion USD to establish the AEF NextGen Fund.
Alibaba Hong Kong Entrepreneurs Fund (AEF) celebrates its tenth anniversary and announces an investment of 0.15 billion USD to establish the new AEF NextGen Fund, managed by the AEF investment team NextGen Partners, focusing on investing in AI startups. The AEF NextGen Fund will concentrate on investing in startups that use AI to solve structural problems, covering industries where AI can be deeply applied, including financial services, Consumer retail, Medical Care, construction and Real Estate, as well as the fields of arts and Entertainment. Additionally, the Fund will also support startups that have a certain product market fit.
Alibaba lost 9.3 billion and sold 100% of its shares in Intime, while Youngor Group made another successful investment.
① Alibaba will sell 100% equity of Intime Department Store to a buyer consortium composed of Youngor Group and Intime management team members. ② This year, Youngor Group has strengthened its investment in physical businesses, opening 13 new fashion experience stores offline. ③ Alibaba entered Intime in 2014 and gradually became the largest shareholder; as New Retail progressed to a decline, Alibaba ultimately let go of Intime.
Express News | Yintai Group: Yintai Department Store is currently a subsidiary of Alibaba Group and has no direct connection to Yintai Group.
BANK OF E ASIA partners with Alibaba Cloud to upgrade its mobile banking application.
Alibaba (09988.HK) digital technology and Asia Vets core Business Alibaba Cloud and BANK OF E ASIA (00023.HK) announced a partnership to upgrade the "BEA Mobile BANK OF E ASIA Banking" application to enhance banking services, making the digital account opening process smoother. Alibaba Cloud stated that its Mobile Suite serves as a unified development platform for front-end application design and back-end IT architecture, ensuring consistency in user experience across different touchpoints within the app. Through the infrastructure provided by the mobile application development solutions, mobile applications can be constructed and managed, along with its multiple.
Alibaba Group Sells 100% Stake in Chinese Department Store Intime for 7.4 Billion Yuan
Express News | Alibaba discloses details of the sale of Silver Intime equity: since September of last year, the company has been reorganizing the strategic priorities of existing Businesses, and is returning value to Shareholders by exiting non-core Assets.