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Stock Market & Financial Investment News

News Breaks
August 12, 2014
16:50 EDTBABA, YHOOAlibaba restructures arrangement with Small and Micro Financial Services Company
Alibaba disclosed the following in a regulatory filing: "On August 12 we entered into a share and asset purchase agreement, or the 2014 SAPA, and entered into or amended certain ancillary agreements including an amendment and restatement of the Alipay IPLA. Pursuant to these agreements, we restructured our relationships with Small and Micro Financial Services Company and its wholly-owned subsidiary Alipay, and terminated the 2011 framework agreement...We believe this restructuring will strengthen and benefit our company as well as better position us for future growth. Pursuant to the 2014 SAPA, we agreed to sell, subject to receipt of regulatory approvals and other customary closing conditions, certain equity interests and assets primarily relating to the SME loan business and related services, or the transferred business, to Small and Micro Financial Services Company for aggregate cash consideration of RMB3,219M, US$518M. In addition, we entered into software system use and service agreements with entities operating the SME loans business relating to the know-how and related intellectual property that we have agreed to sell together with the SME loan business and related services to Small and Micro Financial Services Company. In calendar years 2015 to 2017, we will receive an annual fee equal to 2.5% of the average daily book balance of the micro loans made by such entities. In calendar years 2018 to 2021, we will receive an annual fee equal to the amount paid for the calendar year 2017, or collectively the SME annual fee. In connection with the 2014 SAPA, we also entered into the amended Alipay IPLA, pursuant to which we will license certain intellectual property and provide certain software technology services related to Alipay’s current operations and the SME loan business. Under the amended Alipay IPLA, we will receive royalty streams and a service fee, or collectively the profit share payments, which will be paid at least annually, amounting to the sum of an expense reimbursement plus 37.5% of the consolidated pre-tax income of Small and Micro Financial Services Company, subject to certain adjustments. In addition, if we acquire any equity interest in Small and Micro Financial Services Company, we will transfer an agreed portion of the underlying intellectual property to Small and Micro Financial Services Company at the time of such equity issuance. At the same time, the profit share payments will also be reduced in proportion to such equity issuances made to us. Pursuant to the terms of the 2014 SAPA, in the event of an initial public offering of Small and Micro Financial Services Company or Alipay at an implied equity value exceeding US$25B which results in gross proceeds of at least US$2B , or a qualified IPO, if our total ownership of equity interests in Small and Micro Financial Services Company has not reached 33%, we would be entitled at our election to receive a one-time payment equal to 37.5% of the equity value of Small and Micro Financial Services Company as determined immediately prior to such qualified IPO. There is no cap on the maximum value of such liquidity event payment. If we acquire equity interests in Small and Micro Financial Services Company in an aggregate amount less than 33%, the percentage of Small and Micro Financial Services Company’s equity value used to calculate such liquidity event payment will be adjusted proportionately."
News For BABA;YHOO From The Last 14 Days
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January 23, 2015
07:04 EDTBABAAlibaba's Ma: Company in 'very early stages' of reaching potential, CNBC reports
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06:49 EDTBABAAlibaba Q3 results likely to beat expectations, says Cantor
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January 22, 2015
13:50 EDTYHOOYahoo launches new art initiative, Business Insider says
Yahoo's Tumblr announced a new initiative, Creatrs, that will help artists license their work and protect their legal rights, according to Business Insider. Under the program Tumblr will also utilize users' art and provide art to advertisers, Business Insider added. Reference Link
13:46 EDTBABA, YHOOYahoo may attract buyers without Alibaba stake on sheets, Bloomberg reports
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11:31 EDTBABAStocks with call strike movement; TSLA BABA
Tesla (TSLA) February 230 call option implied volatility increased 3% to 58, Alibaba (BABA) February 115 call option implied volatility increased 3% to 42 according to IVolatility.
10:18 EDTYHOOYahoo volatility elevated into Q4 and ad outlook
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January 21, 2015
14:35 EDTYHOOYahoo unlikely to announce spin-out with earnings, says BGC Financial
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13:41 EDTBABAAlibaba volatility increases into Q3 and outlook
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13:38 EDTBABAEarnings Preview: eBay shares rise over 5.5% since last earnings report
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06:38 EDTBABAAlibaba looking to buy stake in New China Life Insurance, Reuters reports
Chinese e-commerce giant Alibaba (BABA) intends to buy shares in state-run New China Life Insurance Co, Shanghai Securities News reported today, according to Reuters. The newspaper did not provide details about the size of the stake that Alibaba is looking to buy, but said that state-owned Central Huijin Investment, plans to sell shares to Alibaba, Reuters added. The investment company has a stake of over 31% in New china Life, Reuters quoted the newspaper as saying. Reference Link
05:59 EDTBABAAlibaba implied volatility of 34 at lower end of index mean range
January 20, 2015
06:39 EDTBABA, YHOOYahoo to announce Alibaba plans on or before January 27, AP says
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06:01 EDTYHOOStocks with implied volatility above IV index mean; HLF YHOO
Stocks with implied volatility above IV index mean; Herbalife (HLF) 113, Yahoo (YHOO) 54 according to iVolatility.
05:36 EDTBABAAlibaba invests in Visualead
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January 18, 2015
15:30 EDTBABAAlibaba backed discount website Meituan raises $700M in funding, Bloomberg says
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January 16, 2015
11:02 EDTBABABofA/Merrill APAC equity derivatives analyst analyst/industry conference call
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10:56 EDTYHOOStocks with call strike movement; AAL YHOO
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06:40 EDTBABAAlibaba to help U.S. retailers penetrate Chinese market, Reuters says
Alibaba intends to help U.S. retailers sell their products to Chinese consumers, according to Reuters, which cited unnamed sources close to the company. The e-commerce giant hopes to use the initiative to gain a foothold in the U.S. market, the news service added. Reference Link
06:15 EDTYHOOYahoo's Prashant Fuloria to oversee all ad products, WSJ reports
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06:04 EDTYHOOYahoo CEO Mayer may be giving Flurry execs more power, Re/code reports
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