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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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June 24, 2015
11:57 EDTYHOOYahoo CEO says mobile monthly active users up 20% year over year
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11:48 EDTYHOOYahoo CEO says Katie Couric signed multi-year contract renewal
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11:36 EDTYHOOYahoo CEO says Mozilla search pact a 'profitable' deal
Yahoo CEO Marissa Mayer is speaking during the company's annual meeting of shareholders.
11:20 EDTYHOOYahoo volatility at low end of 52-week range into shareholder meeting
Yahoo June weekly call option implied volatility is at 22, July is at 22, August is at 29, October is at 28; compared to its 52-week range 20 of 59, suggesting decreasing price movement into today’s shareholder meeting.
06:57 EDTBABAAlibaba expands cross-border E-commerce initiatives
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06:15 EDTBABAAlibaba unit partners with Paramount for 'Mission: Impossible,' Reuters reports
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05:12 EDTBABAAlibaba, IPCC strengthen collaboration by signing MoU
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June 23, 2015
06:12 EDTBABAAlibaba to sell 11 Main to OpenSky in stock-swap deal, WSJ reports
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05:14 EDTBABAAlibaba, Ant Financial announce local services JV
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June 22, 2015
16:00 EDTBABAOptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM
10:22 EDTBABAAlibaba June weekly calls active
Alibaba June weekly 87 and 87.5 calls are active on total call volume of 27K contracts (7K puts). June weekly call option implied volatility is at 23, July is at 24, September is at 25; compared to its 52-week range of 22 to 49. Active call volume suggests traders taking positions for upside price movement.
08:27 EDTSFTBFSoftbank, Foxconn, Bharti to form JV for renewable energy in India
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07:06 EDTBABAAnt Financial valued at $45B-$50B after fundraising, Financial Times reports
Alibaba's online payments affiliate Ant Financial has completed a fundraising that values the company at $45B-$50B, reports the Financial Times, citing people close to Alibaba. the valuation would place Ant Financial among the world's most valuable private technology companies. Reference Link
06:17 EDTSFTBFSoftbank sold 1,000 units of robot Pepper within one minute, WSJ reports
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06:09 EDTBABAHK opens door to Alibaba and others to to return 'home', Financial Times says
Hong Kong's stock exchange has opened the door to Alibaba (BABA) listing on its home market, reports the Financial Times. The xchange said it would re-examine its current bar on China-based companies having a secondary listing of their shares in the city. The move could permit groups like Alibaba, Baidu (BIDU), and JD.com (JD) to return "home" via secondary listings." Reference Link
June 19, 2015
16:37 EDTYHOOLocal receives notice of termination from Yahoo
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16:00 EDTBABAOptions Update; June 19, 2015
iPath S&P 500 VIX Short-Term Futures up 11c to 18.21, Option volume leaders: AAPL TWTR BAC T FB GILD NFLX BABA AAL MU AMZN
10:58 EDTBABAStocks with call strike movement; LUV BABA
Southwest (LUV) September 40 call option implied volatility decreased 2% to 31, Alibaba (BABA) September 95 call option implied volatility decreased 2% to 30 according to IVolatility.
08:22 EDTBABAChina to let foreign companies fully own e-commerce businesses, Reuters reports
China's Ministry of Industry and Information Technology announced that, effective immediately, foreign companies will be allowed to have full ownership of some e-commerce businesses, reported Reuters. Players in China's booming e-commerce market include market leader Alibaba Group (BABA) as well as JD.com (JD), Amazon.com (AMZN), Vipshop (VIPS) Wal-Mart (WMT), which holds a stake in shopping site Yihaodian, the report noted. Reference Link
06:29 EDTBABAMorgan Stanley invests in Alibaba-backed online insurer, WSJ reports
A group of investors including Morgan Stanley (MS) has invested $934M in China’s first online-only insurer backed by Alibaba (BABA) called Zhong An Online P&C Insurance Company, valuing the venture at $8B, the Wall Street Journal reports. The investment has been approved by China’s insurance regulator, the report says. Reference Link
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