BABX250117P17000
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GraniteShares 2x Long BABA Daily ETF Newsroom
The highest transaction price is 13.1 billion Hong Kong dollars! On the first day of the year, Alibaba sold SUNART RETAIL, and the buyer is DHH Capital.
On the first day of the year, Alibaba announced a major piece of news. Alibaba Group announced that its subsidiary and New Retail have reached a Trade agreement with Dehong Capital to sell all their shares in SUNART RETAIL for up to approximately 13.138 billion Hong Kong dollars, accounting for 78.7% of the total issued shares of SUNART RETAIL.
The wave of price cuts for large models has begun again! ByteDance takes action, with Alibaba doubling down on the consumer end.
Looking towards 2025, the domestic large model competition will continue. From the "hundred model battle" to the current "application battle", how B-end and C-end applications land becomes the top priority.
Morgan Stanley Maintains Alibaba(BABA.US) With Hold Rating, Maintains Target Price $105
Express News | Alibaba: On December 31, approximately 39.9889 million USD was spent to repurchase about 3.77 million shares.
Express News | Alibaba: In the fourth quarter, repurchased 0.119 billion shares of common stock for a total price of 1.3 billion USD.
Pre-Market Trading Highlights | Nasdaq Futures rise over 1.2% as Goldman Sachs expects the Federal Reserve to cut rates by 75 basis points this year.
Gelonghui, January 2 | 1. The three major Equity Index futures in the USA all rose, with Nasdaq futures up by 1.27%, S&P 500 Index futures up by 1.07%, and Dow futures up by 0.85%.
Alibaba-W (09988.HK) still has a repurchase capacity of 20.7 billion dollars under the share repurchase plan.
Gelonghui reported on January 2 that Alibaba-W (09988.HK) announced that as of the quarter ending December 31, 2024, the company repurchased a total of 0.119 billion ordinary shares at a total price of 1.3 billion USD (equivalent to 15 million American depositary shares). These buybacks were executed in the US market under the company's share repurchase plan. As of the quarter ending December 31, 2024, the company had 18.517 billion ordinary shares outstanding (equivalent to 2.315 billion American depositary shares). Compared to September 30, 2024, there was a net decrease of 0.103 billion ordinary shares, representing a net reduction rate of 0.6%.
Alibaba Group Holding's Subsidiaries to Dispose Of 78.70% Stake in Sun Art
Stocks to Watch Thursday: Tesla, Nvidia, Alibaba -- WSJ
Hong Kong market quick overview | Three major indexes closed lower, the Hang Seng Index fell below 0.02 million points; chip stocks and financial stocks declined, Semiconductor Manufacturing International Corporation fell nearly 9%; Golden Industrial Conc
Network Technology stocks fell, SenseTime-W dropped by 5.37%, JD-SW fell by 2.57%; Securities and Brokerage stocks weakened, Guolian declined by 8.89%, China Merchants fell by 7.25%; many Digital Health stocks went down, JD HEALTH dropped by 6.05%, Dingdang Health fell by 5.00%.
Alibaba Sells $1.58 Billion Stake In Sun Art Retail, Refocusing On Core E-Commerce Strategy
Express News | Alibaba Cloud has reached a Global Strategy cooperation with Zero One Everything to establish the "Joint Laboratory of Industrial Big Models."
Sun Art Retail Likely to Face Near-Term Correction -- Market Talk
Sun Art Retail Shares Slide on Alibaba's Exit
So sudden! What happened with the well-known Hong Kong stocks in a collective turmoil?
In today's morning session, the Hong Kong stock market suddenly experienced a significant decline, with all three major Indexes dropping by more than 2%.
News Highlights: Top Company News of the Day - Wednesday at 11 PM ET
Alibaba (09988.HK) 1688 Xinjiang Operation Center has been opened.
The Alibaba (09988.HK) project for jointly constructing the Alibaba 1688 Xinjiang Operation Center with Kashgar Yupu Lake County in Xinjiang was officially launched recently, with multiple local enterprises signing cooperation agreements with 1688 at the inauguration ceremony.
Goldman Sachs reports that Alibaba (09988.HK) continues to divest non-core Business to focus on core Business and Shareholder returns.
Goldman Sachs issued a report stating that Alibaba (09988.HK) (BABA.US) recently announced the sale of its non-core Retail Trade business, aligning with the group's management's ongoing focus on its core business (namely E-Commerce and cloud), as well as shareholder returns. Goldman Sachs mentioned that Alibaba announced the full sale of its stake in SUNART RETAIL (06808.HK) yesterday (1st), marking the group's second significant non-core divestiture since its announcement of the sale of Intime Retail on December 17 last year. Goldman Sachs believes that although the completion of the asset sale may lead to accounting disposal losses, the related Trade may also generate income (including offshore cash).
Express News | Morgan Stanley: SUNART RETAIL sold by Alibaba, stock price expected to react negatively.
Express News | Goldman Sachs: Alibaba continues to focus on its core business and shareholder returns by selling Intime and SUNART RETAIL.