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Tag: Alibaba Group Holding Ltd

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

At least 150 companies have warned investorsRead More

Costco has a China problem — and it’s not tariffs

Costco has a problem in China, but it has nothing to do with tariffs, CNBC’s Jim Cramer said Friday.e problem is Shanghai, a city of nearly 25 million people, has only one Costco store, the “Mad Money” host said. Pair it with Costco’s ability to deftly handle tariffs in the U.S.-China trade war, and it …

Costco has a China problem — and it’s not tariffsRead More

Black Friday may not save retail, but some e-commerce plays are buys

Retail has had a rough year. One of the worst-performing groups in the stock market for 2019, retail stocks have had difficulty mitigating the effects of the ongoing U.S.-China trade war and consumers’ shifting shopping preferences, with names like Macy’s and Gap notching double-digit losses for the year. The SPDR S&P Retail ETF, also known …

Black Friday may not save retail, but some e-commerce plays are buysRead More

Alibaba to close books early for $13.8 billion Hong Kong listing

A logo of Alibaba Group is seen during Alibaba Group’s 11.11 Singles’ Day global shopping festival at the company’s headquarters in Hangzhou, China, November 11, 2019. Aly Song | Reuters Alibaba will close its order books to institutional investors early for its upcoming secondary listing in Hong Kong, a sign that demand for shares is …

Alibaba to close books early for $13.8 billion Hong Kong listingRead More

Alibaba prices Hong Kong listing, looks to raise up to $13.8 billion

The Alibaba Group Holdings Ltd. headquarters stand illuminated at night ahead of the annual November 11 Singles’ Day online shopping event in Hangzhou, China, on Sunday, Nov. 10, 2019. Qilai Shen | Bloomberg | Getty Images Alibaba announced pricing of shares for its upcoming secondary listing in Hong Kong in which it could raise up …

Alibaba prices Hong Kong listing, looks to raise up to $13.8 billionRead More

Alibaba Singles Day sales missed expectations

Alibaba founder Jack Ma attends the 5th World Zhejiang Entrepreneurs Convention at Hangzhou International Expo Centre on November 13, 2019 in Hangzhou, Zhejiang Province of China. VCG | Visual China Group | Getty Images Alibaba co-founder Jack Ma said the company’s Singles Day performance missed expectations and blamed the hot weather and the fact the …

Alibaba Singles Day sales missed expectationsRead More

Alibaba readies $13 billion Hong Kong listing before end of November

Attendees pass by an Alibaba.com display at CES 2019 in Las Vegas. David Becker | Getty Images Alibaba is planning a secondary listing in Hong Kong which is likely to take place in the last week of November and raise approximately $13 billion, a source with direct knowledge of the matter told CNBC. The Chinese …

Alibaba readies $13 billion Hong Kong listing before end of NovemberRead More

EMQQ founder ‘takes comfort’ in US-China trade war

They don’t call them “emerging” markets for nothing. Overhangs to the emerging markets bull case — most notably the ongoing U.S.-China trade dispute and the increasingly violent protests in Hong Kong — aren’t swaying EMQQ founder Kevin Carter from his post as head of the China-heavy exchange-traded fund. In fact, the cacophony of China worries …

EMQQ founder ‘takes comfort’ in US-China trade warRead More

Retail earnings on deck—experts look to unexpected stocks for gains

It’s a big week for retail. Big names like Walmart, J.C. Penney and Burberry are gearing up to deliver their quarterly reports this week, hot off Chinese e-commerce giant Alibaba’s record-breaking Singles Day, which the company has rebranded to the 11:11 Global Shopping Festival. On Friday, Wall Street will also get a read on retail sales when …

Retail earnings on deck—experts look to unexpected stocks for gainsRead More