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01 Apr, 2020
Alibaba Shares Fall on Q3 Revenue Miss
Alibaba (NYSE: BABA), the Chinese e-commerce giant continues to grow fast. The company reported second-quarter revenue of USD 12,398 Million on Friday and earnings per share of USD 1.11. This beats analysts expectations of USD 1.08 a share. It&rsquo..
Study shows 20% Growth of the Worlds Billionaires
This is something nobody ever wants to hear… the rich just keep getting richer. On Friday a study released by UBS and PwC revealed that the wealth of the world's billionaires increased 20% in 2017 to $8.9 trillion!China’s rich are l..
Chinese E-Commerce Pinduoduo Raises $1.6B with U.S. IPO
Chinese commerce startup Pinduoduo Inc. (NASDAQ: PDD) priced its U.S. initial public offering at USD 19 per share, the high-end of the range, and raised USD 1.63 Billion to become the second largest U.S. float from a Chinese company this year. Pindu..
Ant Financial Valued at $150 Billion After Raising $14 Billion to Accelerate Globalization
The operator of Alipay, China’s biggest online payment platform, Ant Financial Services Group, owned by Alibaba Group Holding Ltd (NYSE: BABA), said that they have raised about $14 billion from domestic and international investors in Series C ..
Alibaba places shares into healthcare assets ($1.4 BILLION DEAL)
Chinese e-commerce business Alibaba Group Holding Ltd (NYSE: BABA) sold some shares of pharmaceutical business to fund purchases of health-related assets through $1.4 billion deal.Alibaba Health Information Technology Ltd., a subsidiary of Alibaba, ..
Alibaba Reports 61% Quarterly Revenue Growth
Alibaba Group Holding Ltd (NYSE: BABA) on Friday reported financial results for the quarter ended March that topped analysts’ estimate, driven by strong growth in its core commerce business.Alibaba, China’s e-commerce giant, said revenue..
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