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Stock Market & Financial Investment News

News Breaks
July 30, 2014
10:41 EDTBABAAlibaba in talks for financing of Snapchat at $10B valuation, Bloomberg says
Snapchat, a photo messaging application, is in talks with Alibaba and other investors for a round of financing that may value Snapchat at $10B, says Bloomberg. Reference Link
News For BABA From The Last 14 Days
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August 4, 2015
12:02 EDTBABAStocks with call strike movement; BABA NFLX
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06:17 EDTBABAAlibaba appoints Michael Evans as president
Alibaba Group today announced the appointment of Michael Evans as president of Alibaba Group, effective immediately. Evans will continue his service as a management member of the Alibaba Group board, having previously served as an independent director since the company’s initial public offering in September 2014.
August 3, 2015
05:27 EDTBABAAlibaba announces agreement with Kobe Inc.
Alibaba announced an agreement with Kobe, a company by basketball star Kobe Bryant. Alibaba will release Kobe’s recent video narrative, Kobe Bryant’s Muse, exclusively through Tmall Magic Box on August 8, 2015. In addition, Alibaba Pictures, an affiliate of Alibaba Group, will work with Kobe to create a series of Kobe branded products and distribute them through Alibaba Group’s popular retail platforms including Taobao Marketplace and Tmall.com, which are accessed by over 350 million active buyers throughout China.
August 2, 2015
19:59 EDTBABAAlibaba to cap One97 investment at 40%, Times of India says
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16:52 EDTBABAAlibaba, others invest $500M in India's Amazon.com rival, Re/code says
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July 31, 2015
16:00 EDTBABAOptions Update; July 31, 2015
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08:22 EDTBABAChina may make Alibaba, Tencent to offer others' payment services, Reuters says
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July 30, 2015
06:02 EDTBABAAlibaba and Chinese Academy of Sciences partner for Quantum Computing Lab
Alibaba’s cloud computing subsidiary, Aliyun, and the Chinese Academy of Sciences have signed a memorandum of understanding in Shanghai to co-found the Chinese Academy of Sciences – Alibaba Quantum Computing Laboratory. Under the terms of the MoU, the Laboratory will conduct pioneering research in quantum theory with a view to discovering ground-breaking security techniques for e-commerce and data centers, as well as to enhancing computing performance.
July 29, 2015
05:33 EDTBABAAlibaba to invest additional $1B to drive Aliyun global growth
Alibaba announced that it will invest an additional $1B to fuel further growth at Aliyun, its cloud computing arm, a testament to cloud computing as an important growth area for Alibaba. The additional funding will be used to expand Aliyun’s international presence, extend and support an alliance-based global cloud computing ecosystem, and for the development of new cloud and big data solutions that enable customers to increase productivity, lower costs and scale quickly as their businesses grow. Part of the additional $1B investment will contribute to further international expansion for Aliyun as part of this globalization strategy. Aliyun currently provides public cloud computing services in five data centers in China and in Hong Kong, and earlier this year launched its first overseas data center in Silicon Valley. Part of this new investment will be used to set up a global network of Aliyun cloud computing centers in the Middle East, Singapore, Japan and Europe. Aliyun and Yonyou Software also announced a strategic collaboration that will expand business opportunities for both parties and help forward-thinking businesses in the fields of cloud computing, big data, digital marketing and e-commerce. Aliyun will also assist Yonyou on its journey to the cloud and big data. Through this partnership Aliyun can further tap into the enterprise market and deliver a more comprehensive set of services to meet business needs, addressing domestic and international enterprise challenges more quickly. The cooperation will also allow Yonyou to leverage on the extensive resources that Alibaba Group has in place around the world to further grow its enterprise software business.
July 27, 2015
17:36 EDTBABAOn The Fly: Top stock stories for Monday
Stocks began the session deep in negative territory, with weakness attributed to the Chinese market suffering its worst one day loss in over eight years. The U.S. indexes remained in the negatives throughout the day as traders prepare for one of the heaviest weeks for this earnings season. ECONOMIC EVENTS: In the U.S., durable goods orders advanced 3.4% in June versus expectations for a 3.2% increase. Excluding transportation items, the core reading was up 0.8% against estimates for a 0.5% gain. In China, the Shanghai composite index fell 8.5% and the Shenzhen composite dropped 7%, with the moves generally attributed to concerns over growth and fears that the government may pull its market support. Note that Dow Jones quoted the country's top securities regulator this morning as saying China plans to increase stock purchases by the state. COMPANY NEWS: Shares of Teva (TEVA) jumped $10.15, or 16.41%, to $72.07 after the generic drugmaker dropped its pursuit of Mylan (MYL), opting instead to acquire Allergan's (AGN) global generic pharmaceuticals business for $40.5B. Allergan shares rose 6.09% for the session, and Mylan fell 14.51% to $56.37 while reiterating its commitment to pursue Perrigo (PRGO), whose shares gained 3.81% to $193.60. MAJOR MOVERS: Among the notable gainers was Wabtec (WAB), which rose $6.59, or 7.21%, to $97.93 after agreeing to buy Faiveley Transport for roughly $1.8B, noting that it expects EPS accretion in 2016. In other M&A news, Magnetek (MAG) finished the session up $17.27, or 53.55%, to $49.52 after Columbus McKinnon (CMCO) agreed to acquire the company for $50 per share, while Beacon Roofing Supply (BECN) jumped $2.62, or 8.71%%, to $32.70 after agreeing to buy Roofing Supply Group at a transaction value of about $1.1B. Also higher were shares of Xueda Education (XUE), which surged 50.63% after Xiamen Insight Investment announced a deal to purchase the company for $5.50 per American Depository Share. Xueda's positive move came in stark contrast to numerous Chinese stocks traded in New York, with Baidu (BIDU) slipping 4.16% and Alibaba (BABA) losing 2.01% after China's Shanghai composite index plunged overnight. Also lower was McGraw Hill Financial (MHFI), declining $6.01, or 5.69%, to $99.59 after agreeing to acquire SNL Financial for roughly $2.225B in cash. Additionally, GrubHub (GRUB) lost 8.37% to $30.99 following a downgrade from Cowen citing competitive concerns and market saturation. INDEXES: The Dow fell 127.94, or 0.73%, to 17,440.59, the Nasdaq lost 48.85, or 0.96%, to 5,039.78, and the S&P 500 declined 12.01, or 0.58%, to 2,067.64.
14:25 EDTBABAAlibaba August weekly volatility increases into Q2 and outlook
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12:03 EDTBABAOn The Fly: Top stock stories at midday
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11:22 EDTBABAAnalyst says Chinese Internet firms seeing 'healthy' consumer demand
Chinese Internet stocks are among the many classes of Chinese stocks traded in New York that are weak this morning, though research firm Pacific Crest wrote in a note to investors today that after traveling to China and conducting checks, the firm is more upbeat on e-commerce company 58.com (WUBA), online travel agency Qunar (QUNR) and online video company Youku Tudou (YOKU). WHAT'S NEW: After speaking with Chinese advertising and e-commerce companies, as well as with Chinese companies that are exposed to online services, Pacific Crest analyst Cheng Cheng believes that consumer demand for Internet products and services is "stable and healthy." The decline in the stocks of Chinese Internet companies has created buying opportunities, Cheng believes. He identified 58.com and Qunar as his favorite picks in the sector heading into second quarter results. Both stocks have declined about 20% over the last 1-2 months, but the core businesses of both companies are accelerating, the analyst stated. Specifically, most of 58.com's end markets "are showing strong or at least healthy underlying demand," while Qunar is poised to benefit from an acceleration of demand for its hotel rooms, the analyst believes. Meanwhile, Youku is benefiting from strong demand from advertisers, wrote Cheng, who kept Overweight ratings on 58.com and Qunar and maintained a Sector Weight rating on Youku. WHAT'S NOTABLE: Cheng added that he remains "positively biased" towards Baidu (BIDU) and Alibaba (BABA). Baidu is slated to report its second quarter results tonight. He kept Overweight ratings on both stocks. PRICE ACTION: In late morning trading, 58.com slid 4.6% to $62, Qunar retreated 5.7% to $40.65 and Youku fell 4.7% to $19.20 amid broad weakness in Chinese stocks trading in New York after China's home Shanghai composite index fell 8.5% overnight.
July 22, 2015
07:51 EDTBABAAlibaba cloud services president says can catch AWS in 3-4 years, Bloomberg says
Speaking at an event about Alibaba Group's (BABA) accelerated investment in its data centers, the president of the company's Aliyun cloud services arm, Simon Hu said, "It took Amazon (AMZN) 10 years to get where it is today. It took us six years, and we hope to match or even surpass Amazon in three to four years,” according to Bloomberg. Reference Link
07:45 EDTBABABaozun signs cooperation agreement with Alibaba logistics arm Cainiao
Baozun (BZUN) announced that the company has signed a cooperation agreement with Alibaba's (BABA) logistics arm Cainiao Network Technology. The agreement is part of the company's plan to strengthen its logistics network in southern China by opening its sixth and newest logistics warehouse in Guangzhou's Alibaba Cainiao Logistics Park. According to the terms of the agreement, Baozun's Guangzhou warehouse will sync directly with Cainiao's platform, allowing the Company to improve the experience for both its brand e-commerce partners and buyers by closely monitoring and improving each step of the fulfillment process.
07:31 EDTBABAYahoo price target lowered to $51 from $54 at JPMorgan
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05:04 EDTBABAAliyun initiates data protection for worldwide cloud consumers
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