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Tag: alibaba
Alibaba looks to sell stake in Meituan/Dianping entity
2015-11-23 09:40:00| Telecompaper Headlines
(Telecompaper) Alibaba wants to sell its 7 percent stake in the company created by last month's merger of Meituan.com and Dianping, which provide online movie ticketing, restaurant booking and other on-demand services, the Wall Street Journal reported, citing people familiar with the situation. The sources added that the company wants to focus on building up a competing platform of its own. The Alibaba deal could be worth about USD 1 billion, based on the valuations being discussed in Meituan-Dianping's current fundraising round, the people said.
Tags: sell
entity
alibaba
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David Tepper's Top Q3 Moves Include General Motors, Airlines And Alibaba
2015-11-15 21:41:36| Automakers - Topix.net
Like many other hedge funds' portfolios, Appaloosa's portfolio suffered in the third quarter. Its value declined from $4.03 billion by the end of the second quarter to $2.86 billion by the end of the third quarter.
Tags: top
general
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david
David Tepper's Top Q3 Moves Include General Motors, Airlines And Alibaba
2015-11-15 21:14:39| Airlines - Topix.net
Like many other hedge funds' portfolios, Appaloosa's portfolio suffered in the third quarter. Its value declined from $4.03 billion by the end of the second quarter to $2.86 billion by the end of the third quarter.
Tags: top
general
include
david
Alibaba agrees increased bid for video site Youku Tudou
2015-11-06 15:29:00| Telecompaper Headlines
(Telecompaper) Alibaba has agreed to increase its bid to acquire Chinese online video service Youku Tudou. The e-commerce giant increased its offer to USD 27.60 per Youku Tudou ADS, up from USD 26.60 when the company first announced its intentions in mid-October. The price is a premium of 35.1 percent on Youku Tudou's share price on 15 October, the day prior to the initial announcement and a 49.9 percent premium on the average share price in the three months prior. Youku Tudou's board recommended the improved offer to shareholders, based on the recommendation of an independent special committee set up to evaluate the offer. Alibaba already has a stake in the company of 18.3 percent and taking control of Youku Tudou will support Alibaba's plans to expand into the content market.
Tags: site
video
increased
bid
Alibaba retail sales surge 28%, over 60% on mobile
2015-10-27 13:45:00| Telecompaper Headlines
(Telecompaper) Chinese e-commerce giant Alibaba Group reported a strong set of third-quarter results, driven by its expanding online presence and new services such as cloud computing. Revenues rose 32 percent year-on-year to CNY 22.17 billion (USD 3.49 billion), and adjusted EBITDA was up 31 percent to CNY 11.15 billion. Net profit surged to CNY 22.70 billion from CNY 3.03 billion a year ago, thanks a to a valuation gain on the acquisition of Alibaba Health during the quarter. Excluding this, net profit rose 36 percent to CNY 9.52 billion.
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