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Stock Market & Financial Investment News

News Breaks
August 12, 2014
17:09 EDTSFTBF, BABA, YHOOYahoo says Alibaba to sell assets relating to its SME loan business for $518M
Yahoo disclosed in a regulatory filing that on August 12, Yahoo (YHOO), entered into a Share and Asset Purchase Agreement, the SAPA, by and among Yahoo, Alibaba Group Holding (BABA), Alipay.com, Zhejiang Ant Small and Micro Financial Services Company, SoftBank (SFTBF), APN Ltd., Jack Ma Yun, Joseph Chung Tsai and certain of their affiliates. Alibaba Group agreed to sell certain securities and assets primarily relating to its SME loan business to Small and Micro Financial, in exchange for aggregate cash consideration of RMB3,219M, US$518M. The sale of the SME loan business is subject to receipt of regulatory approvals and other customary closing conditions. Such cash consideration will be paid to Alibaba Group no later than the earlier of the second anniversary of the closing of such sale and a “qualified IPO” of Small and Micro Financial or Alipay. In addition, pursuant to certain software system use and service agreements, Alibaba Group will receive annual fees for a term of seven years. These fees will be determined as follows: for calendar years 2015 to 2017, Alibaba Group will be paid an annual fee equal to 2.5% of the average daily balance of the SME loans provided by SME loan entities; and in calendar years 2018 to 2021, Alibaba Group will be paid an annual fee equal to the amount of the fees paid in the calendar year 2017.
News For YHOO;BABA;SFTBF From The Last 14 Days
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December 21, 2014
18:57 EDTBABAChina's Xiaomi raises over $1B in latest funding round, WSJ says
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16:18 EDTBABAAlibaba's Ma showed interest in movie partnering with Sony, Bloomberg says
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December 19, 2014
17:18 EDTYHOOYahoo reports 16.7% passive stake in Hortonworks
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15:39 EDTBABAAlibaba December weekly volatility at low end of historic range
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December 17, 2014
13:44 EDTYHOOYahoo holders continue push for AOL merger, NY Times reports
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06:12 EDTBABABaidu to take stake in Uber, Reuters reports
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December 15, 2014
11:16 EDTBABAStocks with call strike movement; AMZN BABA
RT Options Scanner shows Amazon.com (AMZN) January 350 call option implied volatility increased 8% to 38, Alibaba (BABA) January 117 call option implied volatility increased 2% to 39 according to IVolatility.
December 11, 2014
10:17 EDTYHOOCiti upbeat on Google in face of pending Apple decision on Safari
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09:22 EDTBABAAlibaba to buy $50M of Momo shares in IPO, 58.com to buy $10M
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08:09 EDTYHOOGoogle shares pricing in loss of Apple search deal, says Citigroup
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December 10, 2014
14:30 EDTBABAAlibaba said to have flaws that could expose user data, LA Times says
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12:09 EDTBABAYouku Tudou rises slightly in down market after Credit Suisse upgrade
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08:36 EDTBABAAlibaba can obtain higher share of Chinese imports, says Evercore ISI
Evercore ISI predicts that the share of manufactured goods imported to China and ordered through Alibaba will rise to about 9% over the next five years, up from 4% now. The firm says that the increase would boost the company's 2020 GMV by 6%..Evercore raised its estimates for Alibaba and increased its price target on the name to $130 from $125. It reiterates a Buy rating on the stock.
December 8, 2014
06:54 EDTBABAMobile payments way up at Alipay, Reuters reports
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