On January 2, Alibaba-W (09988) invested 39.9869 million USD to repurchase 3.7736 million shares.
Alibaba-W (09988) announced that on January 2, 2025, the company will invest 39.9869 million...
Alibaba Set on Growth Path After Divesting Bricks-and-mortar Retailing Assets: Analysts
[Brokerage Focus] Everbright maintains a "Buy" rating on Alibaba (09988), noting that the sale of Intime Retail and SUNART RETAIL may negatively impact investment returns in the short term.
Jinwu Financial News | Everbright has issued a Research Report indicating that Alibaba (09988) and its subsidiary, New Retail, have entered into an agreement with Dehong Capital to sell all their shares in SUNART RETAIL, which account for approximately 78.7% of the total issued shares of SUNART RETAIL. A total of 7.508 billion shares are up for sale, of which 73.66% is indirectly held by Alibaba's subsidiary, and 5.04% is held by New Retail. The company operates hypermarkets and mid-sized supermarkets as well as membership store businesses under the brands "RT-Mart," "RT-Mart Super," and "M Membership Store." Alibaba is selling high.
Goldman Sachs: Assigns a "Buy" rating to Alibaba-W (09988) with a Target Price of HKD 131.
The bank believes that the company's announced divestiture of non-core offline retail Assets aligns with management's ongoing focus on core Business (i.e., E-Commerce and cloud Business) and enhances Shareholder returns through the Global Strategy.
Large Network Technology stocks generally rose. Xiaomi Group (01810) increased by 6.18%. Institutions suggest that AI is expected to empower domestic Internet Plus-Related giants to open up new growth opportunities.
Gold & Wealth News | Network Technology stocks generally rose, with Xiaomi Group (01810) up 6.18%, Meituan (03690) up 3.25%, Alibaba (09988) up 3.01%, JD Group (09618) and JD HEALTH (06618) rising over 2%. BOCOM INTL released a market outlook report, indicating that the Global economy is entering a phase of cyclical transition. It is expected that by 2025, the stock market will have both support and face disturbances, thus suggesting a balanced allocation. In the Internet Plus-Related industry, demand recovery is evident, and there is a Bullish outlook on quality platforms with attractive valuations. The effects of new policies promoting online and offline Consumer spending may manifest the quickest, it is projected that the bank will...
Alibaba Cultural Entertainment Co., Ltd. has increased its capital to 0.448 billion yuan.
Jingwu Financial News | According to the Tianyancha App, recently, Alibaba Entertainment Co., Ltd. underwent a business change, increasing its registered capital from approximately 0.168 billion yuan to approximately 0.448 billion yuan.
