Alibaba

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Alibaba Singles Day final sales total $14.3 billion
Tom DiChristopher
7 Hours AgoCNBC.com

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Alibaba founder Jack Ma said Wednesday the coming year could be rocky for China as the country presses a crackdown on excessive spending by government employees and continues its economic transition.
"I believe the next five to 15 months will be a tough time for China for various reasons, of course, one, the anti-corruption will definitely have some effect," Ma said in an interview on CNBC's [url=http://www.cnbc.com/squawk-on-the-street/]"Squawk on the Street."

Ma does not see a significant decline in China during that time, adding that the government's 7 percent growth target is still reachable. But even growth of 5 to 6 percent is enough so long as the country invests in the right places and producers focus on quality over quantity.
He said the Chinese economy will only be sustainable once it is "clean" and "transparent," and the next five to 15 years will be good times for the country.
Read MoreHow do you solve a problem like China?
Ma acknowledged that the economy is slowing down as the traditional growth drivers—exporting and infrastructure investment—cool off. He said Internet endeavors and e-commerce provide a way of creating new paths to growth.

Ma made his comments on China's Singles Day, known as the world's biggest 24-hour online shopping event. He said the day doesn't just symbolize the future growth of Alibaba, but the potential power of Chinese domestic consumption.
"We've got 300 million middle-class people, and we believe in the next 15 years ... a half billion people will be middle class, and the demand for high-quality products, high-quality services is huge," he said.
The e-commerce giant said it generated a total of $14.3 billion in gross merchandise volume (GMV) during the shopping event — well above last year's record of $9.3 billion, which Alibaba surpassed by 1 p.m. in China on Wednesday. It's also well above the $2.4 billion sold on Cyber Monday, the biggest online sales day in the U.S.
Read MoreAlibaba busts Singles Day sales record
GMV is the total amount settled through mobile wallet Alipay across Alibaba's domestic and international platforms.
Shares of Alibaba were lower Wednesday in Nasdaq trading. (Get the latest quote here.)
Singles Day, which falls on Nov. 11, was created in the 1990s as a way to celebrate single life—the 11.11 date represents solitary figures.
Alibaba became the first major company to monetize the holiday, launching a special online sale in 2009 that effectively transformed the day into a shopping phenomenon.
CNBC's Nyshka Chandran contributed to this report.
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Uncle Jack appears to be the new consolidator within China's media sector… media is a sensitive sector especially in mainland where there are extension measures to ring fence its control over the influence over the reach of www on its info hungry citizens…
Alibaba founder on buying spree in China's media sector

Mr Jack Ma stepped down as Alibaba CEO in 2013 and is now its chairman.
Published
3 hours ago
Reported interest in HK's South China Morning Post follows other high-profile investments
Kor Kian Beng  China Bureau Chief In Beijing

Chinese e-commerce mogul Jack Ma's reported interest in buying Hong Kong's South China Morning Post (SCMP) has captured global attention, but his Alibaba Group's 20-plus investments in mainland China's media sector since 2013 have also caused quite a stir.
His buying spree, which has sparked comparison between him and Australia-born media mogul Rupert Murdoch, began with an 18 per cent stake Alibaba took in the Sina Weibo microblog in 2013.
Other headline-grabbing moves include the takeover of video streaming giant Youku Tudou this month, in a deal believed to be worth a total of US$4.8 billion (S$6.8 billion), and a US$240 million stake in Huayi Brothers film studio late last year.
Alibaba, which now has a 32 per cent stake in Weibo, is also reportedly seeking to buy out online media firm Sina Corp, the parent of Weibo.
Most of the 24 investments, based on media reports, are in social media tools, video-streaming sites, online news portals and film. Only four are in traditional media firms like newspapers and magazines, and none appears to come close to the 112-year-old SCMP in stature.
·        Jack Ma's key media buys
·        April 2013: Takes up an 18 per cent stake, worth US$586 million (S$827 million), in Sina Weibo, China's Twitter-like microblog portal. Alibaba now holds a 32 per cent stake in Weibo.
April 2013: Invests in eBusiness Review, a Chinese print publication modelled after the Harvard Business Review.
March 2014: Makes a US$280 million investment in US-based messaging app Tango.
March 2014: Pays US$800 million to buy Hong Kong-based ChinaVision and renames it as Alibaba Pictures Group, which invests in this year's Mission: Impossible - Rogue Nation film.
April 2014: Invests US$1.05 billion along with partners in Wasu Media, a state-backed digital content provider.
April 2014: Invests US$1.22 billion in Youku Tudou video-streaming site. Agrees in November this year to pay a further US$3.6 billion to take over the site.
June 2014: An Alibaba subsidiary reportedly purchases a 40 per cent stake worth 1 million yuan (S$221,000) in Huxiu, one of China's leading technology and business blogs.
November 2014: Invests in a US$240 million stake in the Huayi Brothers film studio.
March 2015: Invests 2.4 billion yuan in Beijing Enlight Media, one of China's leading TV and film producers.
May 2015: Invests in Beijing Youth Community Daily.
June 2015: Invests US$193 million in China Business Network, a Bloomberg-like financial news and data provider.
September 2015: Alibaba partners with financial magazine Caixin and the Xinjiang government to launch Wujie Media, an online news provider.
October 2015: Alibaba partners with the parent company of domestic newspaper Sichuan Daily to form an online media company.
Kor Kian Beng...
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Here's Why Alibaba's Accounting Is As Alarming As Enron's
http://fortune.com/2016/05/12/jim-chanos...ccounting/
You can find more of my postings in http://investideas.net/forum/
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Alibaba's Greek Tragedy
http://www.bloomberg.com/gadfly/articles...edge-funds
You can find more of my postings in http://investideas.net/forum/
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Alibaba Takes Big Step Offline With $2.6 Billion Intime Deal

Alibaba Group Holding Ltd. is leading a bid to take department store chain Intime Retail Group Co. private for as much as $2.6 billion, as China’s largest online retailer deepens its integration with brick-and-mortar stores.

The deal strengthens Alibaba’s burgeoning foothold in physical retail as it seeks growth beyond a slowing online business. Control of Intime will also allow the e-commerce giant to explore ways to modernize a $4.5 trillion industry that hasn’t adapted well to online shopping.

Alibaba and Intime’s founder Shen Guojun will pay HK$10 apiece for the Intime shares they don’t already own, according to a statement to the Hong Kong stock exchange. The offer represents a 42 percent premium over the last closing price, and the maximum amount of cash required, including options, is about HK$19.8 billion ($2.55 billion). Intime’s stock surged 35 percent upon resuming trade Tuesday.

More details in https://www.bloomberg.com/news/articles/...-8-billion
Specuvestor: Asset - Business - Structure.
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Personally i do not trust the sales figure. The items displayed is unlike Amazon scale and quality.

Just my Diary
corylogics.blogspot.com/


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(10-01-2017, 04:16 PM)corydorus Wrote: Personally i do not trust the sales figure. The items displayed is unlike Amazon scale and quality.
Wouldn't be surprised. Ali Baba is just a successful copy of the online ideas of eBay.paypal.amazon. they would not be as successful if not for the barrier to tech co. By the Chinese gov. If Amazon and eBay allowed to operate freely in china market, it will be bye-bye alibaba

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Virtual currencies are worth virtually nothing.
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(10-01-2017, 05:10 PM)BlueKelah Wrote:
(10-01-2017, 04:16 PM)corydorus Wrote: Personally i do not trust the sales figure. The items displayed is unlike Amazon scale and quality.
Wouldn't be surprised. Ali Baba is just a successful copy of the online ideas of eBay.paypal.amazon. they would not be as successful if not for the barrier to tech co. By the Chinese gov. If Amazon and eBay allowed to operate freely in china market, it will be bye-bye alibaba

Sent from my MotoG3 using Tapatalk

Do check your facts. Yahoo and Amazon are in china earlier than alibaba. Amazon scoff at alibaba as a competitor, before I got slap out of the game.

Alibaba let those listed in the marketplace free, while Amazon demand a fee, and tout actually what u say, quality products. 

The crown jewel is alibaba is alipay, but Ma can milk alibaba as it is and is going to milk alipay. Alibaba is going to US yet alipay go HK (most prob)

In this game of e commerce, I wonder who is the "fool"
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance
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(10-01-2017, 05:10 PM)BlueKelah Wrote: Wouldn't be surprised. Ali Baba is just a successful copy of the online ideas of eBay.paypal.amazon. they would not be as successful if not for the barrier to tech co. By the Chinese gov. If Amazon and eBay allowed to operate freely in china market, it will be bye-bye alibaba

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It seems like forummer Greenrookie has already replied to this earlier, but i will extend the rebuttal here:

Our world is complicated/interactive and there are many reasons for success and failures. While it is a fact that Chinese companies are favored by the Gov, it is not a given that they will succeed. Of course, the CCP did outright ban social media (Facebook/Twitter) but on hindsight, it was a brilliant move from the CCP's standpoint consider how critical social media played a part in Arab Spring. Amazon/Ebay, for example have had their fair share of battle with the "yangtze crocs" and didn't really come out well. For such "network effect" industries, it is generally "winner takes all". On the other hand, it does seem that certain successes (eg. YUM-KFC/pizza hut, General Motors, Apple etc) generally have found a good local partner and target the consumer masses.

http://www.todayonline.com/commentary/wh...fail-china
https://www.linkedin.com/pulse/201210031...l-in-china
https://www.techinasia.com/3-biggest-rea...fail-china
http://www.nytimes.com/2010/01/16/techno...d=all&_r=0
https://www.theguardian.com/technology/2...ogysection
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(10-01-2017, 07:25 PM)Greenrookie Wrote:
(10-01-2017, 05:10 PM)BlueKelah Wrote:
(10-01-2017, 04:16 PM)corydorus Wrote: Personally i do not trust the sales figure. The items displayed is unlike Amazon scale and quality.
Wouldn't be surprised. Ali Baba is just a successful copy of the online ideas of eBay.paypal.amazon. they would not be as successful if not for the barrier to tech co. By the Chinese gov. If Amazon and eBay allowed to operate freely in china market, it will be bye-bye alibaba

Sent from my MotoG3 using Tapatalk

Do check your facts. Yahoo and Amazon are in china earlier than alibaba. Amazon scoff at alibaba as a competitor, before I got slap out of the game.

Alibaba let those listed in the marketplace free, while Amazon demand a fee, and tout actually what u say, quality products. 

The crown jewel is alibaba is alipay, but Ma can milk alibaba as it is and is going to milk alipay. Alibaba is going to US yet alipay go HK (most prob)

In this game of e commerce, I wonder who is the "fool"

The truth is in between.
While Alibaba can expand by taking large stakes in local china companies, Amazon can't. They cannot own more than a minority stakes in technology and data centre facilities.

Similar challenges exist for Google and other technology companies.

Till date, you can't use Google services without a VPN in china.
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