Alibaba

Re: Alibaba

Postby CielOnTap on Wed Jan 28, 2015 10:58 pm

News reports are being published that Yahoo will sell its shares of Alibaba and they will be spun off into a separate company.

The single biggest goal — one vigorously reinforced by antsy shareholders like the activist hedge fund Starboard Value — is that Yahoo part with its roughly 15 percent stake in Alibaba without running up a big tax bill.

It’s a pressing concern, especially given the disconnect between what the Alibaba shares are worth versus those of Yahoo’s core Internet business. Yahoo’s stake in the Chinese e-commerce giant is worth about nearly $39 billion as of Tuesday morning, accounting for the vast majority of the American company’s $46 billion market capitalization.

http://dealbook.nytimes.com/2015/01/27/ways-yahoo-could-sell-its-alibaba-shares-without-a-big-tax-bill/?_r=0
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Re: Alibaba

Postby CielOnTap on Fri Dec 11, 2015 1:32 pm

The company has had an interesting year. Parent company Yahoo has not sold it off and now Alibaba is going to buy a newspaper.

http://www.reuters.com/article/yahoo-divestiture-idUSKBN0TR2SH20151209
http://www.mississauga.com/news-story/6180171-alibaba-buys-hong-kong-s-south-china-morning-post-newspaper/

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Re: Alibaba

Postby CielOnTap on Tue Jan 10, 2017 10:41 pm

If the Verzion buyout of Yahoo Inc. gets finalized and approved, there will be executive changes plus a name change. In recognizing Yahoo's partial ownership of Alibaba, the new name will be Altaba.
Moreover, more than half the company’s current board members — including Marissa Mayer, its chief executive — would step down.

Why Altaba? It’s essentially a play on the single biggest asset that would remain of Yahoo if and when the deal with Verizon closes: a 15 per cent stake in the Chinese e-commerce giant Alibaba. Altaba would also own a 35.5 per cent stake in Yahoo Japan. (A Yahoo spokesperson declined to comment.)

Still, Altaba is certainly an unusual name — and it also happens to be close to Al-Taba, apparently a manufacturer of scissors based in Pakistan.

https://www.thestar.com/business/2017/01/10/yahoo-will-rename-to-altaba-if-sale-to-verizon-goes-through.html?bt_alias=eyJ1c2VySWQiOiAiNDk5ZWI4ODktODE2MS00NDRlLTk4ZjYtZGE2YTExMmEyY2I3In0%3D
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Re: Alibaba

Postby CielOnTap on Fri Feb 10, 2017 12:54 pm

I have a book about Alibaba(Alibaba-The House that Jack Ma Built by Duncan Clark) -I've only read the notes at the back of the book and they are INTERESTING in the sort of Internet searches to come way for articles listed for various points. Corporate structures for examples and who owns what and where companies are registered (not necessarily in China even if offices and business are located there).

Singles Day is a huge retail event for Alibaba in China on November 11-so named as 11-11 are said to look like lone chopsticks. Alibaba's sales for 2016?
https://www.bloomberg.com/news/articles/2016-11-13/alibaba-wants-its-18-billion-singles-day-to-be-more-mean-less

What Alibaba projects for 2017 sales:
China’s biggest e-commerce company increased its projection for fiscal 2017 revenue growth to 53 per cent, from 48 per cent previously. That may help assuage investors concerned that a deceleration in the world’s second-largest economy is curtailing Alibaba’s main online commerce business.

https://www.thestar.com/business/2017/01/24/alibaba-raises-forecast-as-singles-day-spurs-advertising-sales.html
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Re: Alibaba

Postby CielOnTap on Tue Sep 11, 2018 2:35 pm

Jack Ma, chairman of Alibaba, has announced his plan to step down next year and move into philanthropic ventures.
BEIJING — Jack Ma, who founded e-commerce giant Alibaba Group and helped launch China's e-commerce boom, announced Monday he will step down as the company's chairman next September.

In a letter released by Alibaba, Ma said he will be succeeded by CEO Daniel Zhang, an 11-year veteran of the company. Ma handed over the CEO post to Zhang in 2013 as part of what he said was a long-planned succession process.

Ma, a former English teacher, founded Alibaba in 1999 in an apartment in the eastern city of Hangzhou to connect Chinese exporters with foreign retailers. It expanded into consumer retailing, online finance, cloud computing and other services, becoming the world's biggest e-commerce company by total value of goods sold across all its platforms.

https://www.thespec.com/news-story/8891363-alibaba-s-jack-ma-to-step-down-as-chairman-in-september-2019/
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Re: Alibaba

Postby fishandchips on Sat Sep 15, 2018 1:47 pm

There could be more than philanthropy behind Mr. Ma's future plans after Alibaba. It appears that politics could have had a hand in the change in command at Alibaba and likely impact other firms operating in China:

As many of China’s biggest firms have expanded their portfolios through risky investments overseas, the CCP has been cracking down on such capital outflows. In December 2017, the Party mandated that all businesses report their foreign investments to the central authorities.

In the meantime, many of the wealthy businessmen behind China’s biggest conglomerates have fallen under the Chinese regime’s ax in recent months.


https://www.theepochtimes.com/alibaba-founder-jack-ma-announces-resignation-as-beijing-clamps-down-on-private-firms_2656985.html
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