Alibaba Chairman Daniel Zhang does this one thing each year to measure his success

CEO of Alibaba Group Daniel Zhang Yong delivers speech at Hangzhou International Expo Centre on May 31, 2018 in Hangzhou, Zhejiang Province of China. Daniel Zhang had his work cut out for him taking over from Jack Ma as chairman of Chinese e-commerce giant Alibaba. The point of this process, Zhang said, is to focus on new opportunities, and not necessarily the immediate performance. Maybe they will become a main business for Alibaba,” Zhang said in the interview. Zhang, who’s been CEO since 2015


CEO of Alibaba Group Daniel Zhang Yong delivers speech at Hangzhou International Expo Centre on May 31, 2018 in Hangzhou, Zhejiang Province of China. Daniel Zhang had his work cut out for him taking over from Jack Ma as chairman of Chinese e-commerce giant Alibaba. The point of this process, Zhang said, is to focus on new opportunities, and not necessarily the immediate performance. Maybe they will become a main business for Alibaba,” Zhang said in the interview. Zhang, who’s been CEO since 2015
Alibaba Chairman Daniel Zhang does this one thing each year to measure his success Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: stella soon
Keywords: news, cnbc, companies, zhang, ideas, measure, deliver, jack, daniel, alibaba, stores, thing, tough, hangzhou, does, success, sales, chairman


Alibaba Chairman Daniel Zhang does this one thing each year to measure his success

CEO of Alibaba Group Daniel Zhang Yong delivers speech at Hangzhou International Expo Centre on May 31, 2018 in Hangzhou, Zhejiang Province of China.

Daniel Zhang had his work cut out for him taking over from Jack Ma as chairman of Chinese e-commerce giant Alibaba. He recently revealed one of his top strategies for keeping the company at the top of its game.

In a September interview with McKinsey Quarterly, Zhang said he does a self-evaluation every Chinese New Year to assess the number of ideas and businesses he initiated in the past year. The point of this process, Zhang said, is to focus on new opportunities, and not necessarily the immediate performance.

“Today they may be new ideas — very tiny, very small — but they may become much bigger in the future. Maybe they will become a main business for Alibaba,” Zhang said in the interview.

His inspiration for some of these ideas come from customer pain points. That’s how Zhang hatched the idea for Alibaba’s Freshippo retail stores. He said traditional e-commerce companies couldn’t deliver fresh produce to customers on demand.

“It’s not like you can deliver fresh fish to a customer’s home while she is still in the office,” Zhang said.

Freshippo’s physical grocery stores were developed to address that. After shoppers visit the high-tech store, their grocery lists are saved in the Freshippo app. In the future, they can have the same items delivered to their homes instead, as fast as 30 minutes.

While Zhang says he gives Alibaba employees the opportunity to test new ideas, he’s “very tough” once a decision has been made, and wants his teams to deliver concrete results.

“While I speak softly, I always make the tough decisions,” he said.

Zhang, who’s been CEO since 2015, stepped up to the chairman role after co-founder Jack Ma retired last month.

Their leadership styles seem in contrast as Ma is typically cast as the eccentric visionary, while Zhang is seen as being more calm and collected.

But despite those personality differences, Zhang is also credited with some of Alibaba’s major hits like the “11:11 Global Shopping Festival,” a 24-hour sales promotion. Last year, sales on that day hit a record high of $30.8 billion.

Don’t miss: These are Bill Gates’ 2 superpowers, according to Bill Gates

Like this story? Subscribe to CNBC Make It on YouTube!


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: stella soon
Keywords: news, cnbc, companies, zhang, ideas, measure, deliver, jack, daniel, alibaba, stores, thing, tough, hangzhou, does, success, sales, chairman


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Alibaba shopping sites appear to have de-listed Houston Rockets products in China

Searches in Chinese for “Houston Rockets” and “Rockets” on Alibaba-owned Taobao and Tmall and its rival JD.com yielded no results, highlighting the potential financial fallout the Rockets could face. Still, it drew sharp criticism from the Chinese Consulate-General in Houston and the Chinese Basketball Association. CBA also canceled four games scheduled for 19-20 October in Suzhou, China, which included some Rockets matches. Alibaba co-founder weighs inJoseph Tsai, the owner of the Brooklyn Nets


Searches in Chinese for “Houston Rockets” and “Rockets” on Alibaba-owned Taobao and Tmall and its rival JD.com yielded no results, highlighting the potential financial fallout the Rockets could face. Still, it drew sharp criticism from the Chinese Consulate-General in Houston and the Chinese Basketball Association. CBA also canceled four games scheduled for 19-20 October in Suzhou, China, which included some Rockets matches. Alibaba co-founder weighs inJoseph Tsai, the owner of the Brooklyn Nets
Alibaba shopping sites appear to have de-listed Houston Rockets products in China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: arjun kharpal
Keywords: news, cnbc, companies, rockets, nba, sites, chinese, jdcom, tsai, alibaba, morey, shopping, manager, houston, appear, team, products, china, delisted


Alibaba shopping sites appear to have de-listed Houston Rockets products in China

China’s largest online shopping sites owned by giants Alibaba and JD.com appear to have removed items related to the Houston Rockets after the NBA team’s general manager tweeted support for the Hong Kong anti-government protestors which drew strong criticism in the world’s second-largest economy. Searches in Chinese for “Houston Rockets” and “Rockets” on Alibaba-owned Taobao and Tmall and its rival JD.com yielded no results, highlighting the potential financial fallout the Rockets could face. Representatives for Alibaba and JD.com were not immediately available for comment when contacted by CNBC.

It comes after Rockets general manager Daryl Morey tweeted the slogan “Fight for freedom, stand with Hong Kong,” which is being used by pro-democracy protestors in the Chinese territory. The tweet was quickly deleted and Morey sent a follow-up tweet attempting to diffuse the situation. Still, it drew sharp criticism from the Chinese Consulate-General in Houston and the Chinese Basketball Association. The CBA said it is was suspending cooperation with the team. The association is chaired by Yao Ming, a Chinese NBA star who was formerly with the Rockets, who is credited with helping the franchise grow its fan base in China. CBA also canceled four games scheduled for 19-20 October in Suzhou, China, which included some Rockets matches.

Alibaba co-founder weighs in

Joseph Tsai, the owner of the Brooklyn Nets NBA team as well as a co-founder at e-commerce giant Alibaba, also slammed Morey. In an open letter posted on his personal Facebook account, he ran through episodes in history to explain why the “Chinese psyche has heavy baggage when it comes to any threat, foreign or domestic, to carve up Chinese territories.”

… the hurt that this incident has caused will take a long time to repair. Joseph Tsai owner of the Brooklyn Nets NBA team

Certain topics “are third-rail issues,” Tsai said, adding that one of those is supporting what he dubbed a “separatist movement in a Chinese territory.” “By now I hope you can begin to understand why the Daryl Morey tweet is so damaging to the relationship with our fans in China. I don’t know Daryl personally. I am sure he’s a fine NBA general manager, and I will take at face value his subsequent apology that he was not as well informed as he should have been,” Tsai said. “But the hurt that this incident has caused will take a long time to repair.”

Broadcasters, retailers cut ties

Chinese tech giant Tencent, which owns the digital rights to NBA games in China, said it would stop showing Rockets matches and news related to the team. Tencent has been the digital media partner of the NBA in China since 2009. The two sides just announced an extension of their deal to the 2024-2025 season, that’s reportedly worth $1.5 billion. Chinese state broadcaster CCTV also said it would stop showing Houston Rockets games.

James Harden of the Houston Rockets shoots the ball against the Golden State Warriors during Game Six of the Western Conference Semifinals of the 2019 NBA Playoffs on May 10, 2019 at the Toyota Center in Houston, Texas. Andrew D. Bernstein | National Basketball Association | Getty Images

Meanwhile, Chinese sports retailer Li-Ning announced in an official post on the Twitter-like Weibo service that it was suspending co-operation with the Rockets following Morey’s comments.

NBA under fire


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: arjun kharpal
Keywords: news, cnbc, companies, rockets, nba, sites, chinese, jdcom, tsai, alibaba, morey, shopping, manager, houston, appear, team, products, china, delisted


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves midday: Ambarella, Alibaba, Hawaiian Holdings, Oracle and more

Hikvision was among 28 Chinese companies on the so-called entity list prohibited from doing business with American companies without being granted a U.S. government license. Alibaba, JD.com, Baidu – Shares of Chinese companies all fell following reports that the White House is considering limits on Chinese stock holdings in government pension funds. Hawaiian Holdings — Shares of Hawaiian Holdings jumped more than 5% after the airlines raised its current-quarter revenue per available seat mile gu


Hikvision was among 28 Chinese companies on the so-called entity list prohibited from doing business with American companies without being granted a U.S. government license. Alibaba, JD.com, Baidu – Shares of Chinese companies all fell following reports that the White House is considering limits on Chinese stock holdings in government pension funds. Hawaiian Holdings — Shares of Hawaiian Holdings jumped more than 5% after the airlines raised its current-quarter revenue per available seat mile gu
Stocks making the biggest moves midday: Ambarella, Alibaba, Hawaiian Holdings, Oracle and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, alibaba, shares, stocks, fell, companies, hawaiian, firm, stock, moves, oracle, holdings, ambarella, quarter, midday, target, making, biggest, chinese, following


Stocks making the biggest moves midday: Ambarella, Alibaba, Hawaiian Holdings, Oracle and more

A monitor displays Alibaba Group signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Jan. 7, 2019.

Check out the companies making headlines in midday trading:

Ambarella — Shares of Ambarella tanked 10% after one of its Chinese customers, video surveillance company Hikvision, was blacklisted by the U.S. over alleged human rights violations against Muslim minorities. Hikvision was among 28 Chinese companies on the so-called entity list prohibited from doing business with American companies without being granted a U.S. government license.

Alibaba, JD.com, Baidu – Shares of Chinese companies all fell following reports that the White House is considering limits on Chinese stock holdings in government pension funds. Bloomberg News reported the administration is also honing in on how to limit stock index providers from including Chinese stocks. Shares of Alibaba fell 3%, JD.com fell 2.5%, and Baidu dipped 1% lower.

Hawaiian Holdings — Shares of Hawaiian Holdings jumped more than 5% after the airlines raised its current-quarter revenue per available seat mile guidance. The airline now estimates a 0.5% increase after previously projecting a drop in the metric.

NIO — Shares of Nio jumped more than 9% after the Chinese electric car maker reported a surge in delivery numbers in the third quarter. Nio delivered 4,799 vehicles in the past quarter, up 35% from the second quarter. The number is at the upper end of Nio’s previous guidance.

Oracle — Shares of Oracle fell 1.5% following a downgrade from Jefferies to hold form buy. The firm said the computer software company has lagged its peers, like Microsoft. Jefferies also slashed its price target to $60 from $66.

J.B. Hunt — Shares of J.B. Hunt sank 1.5% following a downgrade from Susquehanna from to neutral from positive. The firm attributed the downgrade of the trucking and transportation company to consistent fall in volume, pricing power of rail partners and customer-facing pricing uncertainty.

Target — Shares of Target rose 1% after Raymond James initiated coverage of the retail giant as a strong buy. The firm said Target can achieve annual earnings growth in the high-single-digit to 10% range going forward. Target is doing a good job of adjusting to the new age of retail, said Raymond James.

—CNBC’s Yun Li contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, alibaba, shares, stocks, fell, companies, hawaiian, firm, stock, moves, oracle, holdings, ambarella, quarter, midday, target, making, biggest, chinese, following


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Alibaba: China’s FlyZoo hotel uses facial recognition tech and robots

Alibaba is well known for its e-commerce platforms, but the Chinese tech giant has branched into fintech, film, new retail and now, hospitality. I recently stayed at Alibaba’s futuristic FlyZoo hotel, which is adjacent to its headquarters in Hangzhou, China. It features facial recognition doors, robotic arms at the bar and even robots that deliver items to guest rooms. Alibaba hopes the property will be a model for what a hotel of the future may look like. Andy Wang, CEO of Alibaba Future Hotel,


Alibaba is well known for its e-commerce platforms, but the Chinese tech giant has branched into fintech, film, new retail and now, hospitality. I recently stayed at Alibaba’s futuristic FlyZoo hotel, which is adjacent to its headquarters in Hangzhou, China. It features facial recognition doors, robotic arms at the bar and even robots that deliver items to guest rooms. Alibaba hopes the property will be a model for what a hotel of the future may look like. Andy Wang, CEO of Alibaba Future Hotel,
Alibaba: China’s FlyZoo hotel uses facial recognition tech and robots Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-04  Authors: uptin saiidi, saheli roy choudhury
Keywords: news, cnbc, companies, stayed, kept, chinas, future, recognition, flyzoo, used, tech, robots, uses, wang, alibaba, told, facial, hotel


Alibaba: China's FlyZoo hotel uses facial recognition tech and robots

Alibaba is well known for its e-commerce platforms, but the Chinese tech giant has branched into fintech, film, new retail and now, hospitality.

I recently stayed at Alibaba’s futuristic FlyZoo hotel, which is adjacent to its headquarters in Hangzhou, China.

Here, there are no keycards and everything is cashless. It features facial recognition doors, robotic arms at the bar and even robots that deliver items to guest rooms.

Alibaba hopes the property will be a model for what a hotel of the future may look like.

Upon arrival, I noticed the lobby was completely bare: no check-in counters, no concierge, and no receptionists.

As a foreigner, however, I was quickly greeted by a staff member, who used a mobile device to take a photo of my passport and my face. Then she told me my room number and offered to email the receipt.

Andy Wang, CEO of Alibaba Future Hotel, claims the data recognition information is only kept during the duration of the guests’ stay and is not kept on record.


Company: cnbc, Activity: cnbc, Date: 2019-10-04  Authors: uptin saiidi, saheli roy choudhury
Keywords: news, cnbc, companies, stayed, kept, chinas, future, recognition, flyzoo, used, tech, robots, uses, wang, alibaba, told, facial, hotel


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Alibaba unveils its first A.I. chip as China pushes for its own semiconductor technology

Jeff Zhang, chief technology officer at Alibaba, unveils the company’s first artificial intelligence chip called the Hanguang 800. Alibaba unveiled its first chip to power artificial intelligence (AI) processes on Tuesday. The move could boost its already fast-growing cloud computing business and signals China’s growing ambitions in developing its own homegrown semiconductor industry. The chip, called the Hanguang 800, can cut down computing tasks that would have usually taken an hour, down to j


Jeff Zhang, chief technology officer at Alibaba, unveils the company’s first artificial intelligence chip called the Hanguang 800. Alibaba unveiled its first chip to power artificial intelligence (AI) processes on Tuesday. The move could boost its already fast-growing cloud computing business and signals China’s growing ambitions in developing its own homegrown semiconductor industry. The chip, called the Hanguang 800, can cut down computing tasks that would have usually taken an hour, down to j
Alibaba unveils its first A.I. chip as China pushes for its own semiconductor technology Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: arjun kharpal
Keywords: news, cnbc, companies, jeff, hanguang, zhang, pushes, computing, chip, alibaba, intelligence, unveils, officer, technology, semiconductor, business, china, tasks


Alibaba unveils its first A.I. chip as China pushes for its own semiconductor technology

Jeff Zhang, chief technology officer at Alibaba, unveils the company’s first artificial intelligence chip called the Hanguang 800. It was announced at the Apsara Computing Conference on September 25, 2019.

Alibaba unveiled its first chip to power artificial intelligence (AI) processes on Tuesday. The move could boost its already fast-growing cloud computing business and signals China’s growing ambitions in developing its own homegrown semiconductor industry.

The chip, called the Hanguang 800, can cut down computing tasks that would have usually taken an hour, down to just five minutes, the e-commerce giant claims.

Alibaba said that the chip is currently being used internally within the company’s business operations, especially in product search and automatic translation on e-commerce sites, personalized recommendations, advertising, and “intelligent customer services.” These are areas that require extensive computing tasks and the chip can help speed things up.

“In the near future, we plan to empower our clients by providing access through our cloud business to the advanced computing that is made possible by the chip, anytime and anywhere,” Jeff Zhang, Alibaba’s chief technology officer, said in a press release.


Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: arjun kharpal
Keywords: news, cnbc, companies, jeff, hanguang, zhang, pushes, computing, chip, alibaba, intelligence, unveils, officer, technology, semiconductor, business, china, tasks


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

See Jack Ma go back to the apartment where he started Alibaba in 1999

Ma and his 17 fellow co-founders started Alibaba out of the small, six-room apartment where he lived with his wife in Hangzhou, China in 1999. Tuesday, Jack Ma, co-founder of Alibaba, both celebrates his 55th birthday and steps down from his position as executive chairman of the Chinese e-commerce juggernaut. His first internet search was for “beer,” Ma told Charlie Rose in 2015. It’s easy to spell,” Ma told Rose.) “At that time, we were ranking like 1 [million] or 2 million,” Ma said in the Ali


Ma and his 17 fellow co-founders started Alibaba out of the small, six-room apartment where he lived with his wife in Hangzhou, China in 1999. Tuesday, Jack Ma, co-founder of Alibaba, both celebrates his 55th birthday and steps down from his position as executive chairman of the Chinese e-commerce juggernaut. His first internet search was for “beer,” Ma told Charlie Rose in 2015. It’s easy to spell,” Ma told Rose.) “At that time, we were ranking like 1 [million] or 2 million,” Ma said in the Ali
See Jack Ma go back to the apartment where he started Alibaba in 1999 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: taylor locke
Keywords: news, cnbc, companies, told, jack, video, matter, 1999, started, going, apartment, remember, work, probably, alibaba


See Jack Ma go back to the apartment where he started Alibaba in 1999

“We’re going to eat here. We’re going to sleep here. We’re going to work day and night here. We will probably achieve something, or probably, we’ll have to go out looking for jobs together.”

“I remember exactly the first day we came back, we take all the luggage here, and I told everybody: This is the place we’re going to work for a year probably,” Ma said in the video.

Ma still has the apartment and he recently returned to reminisce. Monday, Alibaba Group tweeted a video of how it all went down.

Ma and his 17 fellow co-founders started Alibaba out of the small, six-room apartment where he lived with his wife in Hangzhou, China in 1999.

Tuesday, Jack Ma, co-founder of Alibaba, both celebrates his 55th birthday and steps down from his position as executive chairman of the Chinese e-commerce juggernaut.

Ma had the idea to start a tech company after his first trip to the United States in 1995. During the trip, a friend showed him the internet, which he had not encountered before in China.

His first internet search was for “beer,” Ma told Charlie Rose in 2015. (“I don’t know. It’s easy to spell,” Ma told Rose.) Ma then searched the word “China,” but he said there was “no data about China.”

“So I talked to my friend: Why not I make something about China? So we made a small very ugly looking page called ‘China.'”

It planted the seed for Alibaba, which started out as an “e-marketplace for information,” according to Ma.

By the time they began working on the company out of the Hangzhou apartment in 1999, Ma and his team had the goal of becoming one of the top 10 websites in the world, he said.

“At that time, we were ranking like 1 [million] or 2 million,” Ma said in the Alibaba Group video from the apartment.

Ma had no business or technical experience, and growing the business wasn’t always easy. But says Ma in the video, without those “tough days, we can never be [here] today.”

Today, Alibaba has a market capitalization of about $456 billion.

Now, as a market leader, Ma says “the thing that I want this company [to] never forget is the dream, because we are at today’s size. A lot of companies, I learned why they fail, because they want [the] next quarter. They want revenue. They want profit. They always forget about dreams,” he says in the video.

“It’s the dreams that keep us working hard. It’s the dreams that keep us never afraid of the mistakes, the setbacks we have. I hope 60 years later, 80 years later, people still remember this apartment. We should never lose the dream we had from the … the apartment.”

Many great companies, including Amazon, Apple and Google, also began in garages. And Ma hopes Alibaba never loses sight of its garage culture, regardless of how large it gets. In fact, CNBC reported in 2014 that Ma sends his most-talented employees there to work with the hope that the experience inspires them to create more great products.

“No matter how big Alibaba is, no matter where Alibaba will be, no matter what industry we are in, we always remember this ‘Hupan’ culture, this garage culture,” Ma says in the video.

Like this story? Subscribe to CNBC Make It on YouTube!

See also:


Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: taylor locke
Keywords: news, cnbc, companies, told, jack, video, matter, 1999, started, going, apartment, remember, work, probably, alibaba


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves midday: General Electric, Walmart, Alibaba and Tapestry

Walmart reported earnings per share of $1.27 on revenue of $130.377 billion. Wall Street expected earnings per share of $1.22 on revenue of $130.106 billion, according to FactSet. Tapestry reported revenue of $1.514 billion, missing analysts estimates of $1.533 billion, according to FactSet. Alibaba— Shares of the e-commerce company rose 2.9% after announcing better-than-expected revenue and earnings for the June quarter. The company reported diluted earnings per share of 12.55 yuan, compared to


Walmart reported earnings per share of $1.27 on revenue of $130.377 billion. Wall Street expected earnings per share of $1.22 on revenue of $130.106 billion, according to FactSet. Tapestry reported revenue of $1.514 billion, missing analysts estimates of $1.533 billion, according to FactSet. Alibaba— Shares of the e-commerce company rose 2.9% after announcing better-than-expected revenue and earnings for the June quarter. The company reported diluted earnings per share of 12.55 yuan, compared to
Stocks making the biggest moves midday: General Electric, Walmart, Alibaba and Tapestry Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: yun li maggie fitzgerald, yun li, maggie fitzgerald
Keywords: news, cnbc, companies, revenue, making, reported, billion, midday, general, tapestry, stocks, walmart, shares, biggest, share, rose, report, moves, expected, alibaba, electric, earnings, company


Stocks making the biggest moves midday: General Electric, Walmart, Alibaba and Tapestry

Traders work beneath a monitor displaying General Electric Co. signage on the floor of the New York Stock Exchange.

Check out the companies making headlines in midday trading:

General Electric— Shares of GE plummeted 11.3% after Madoff whistleblower Harry Markopolos accused the company of issuing fraudulent financial statements to cover up its problems. Markopolos took aim at past and present executives in his report and said that GE is “a bigger fraud than Enron.”

Walmart— Shares of the world’s largest retailer rose 6.1% after reporting strong second-quarter earnings. Walmart reported earnings per share of $1.27 on revenue of $130.377 billion. Wall Street expected earnings per share of $1.22 on revenue of $130.106 billion, according to FactSet. Walmart’s same store sales rose 2.8%, compared to the estimated 2.4%.

Tapestry— Shares of Coach and Kate Spade owner Tapestry cratered 22.6% after the company missed on its fourth-quarter revenue. Tapestry reported revenue of $1.514 billion, missing analysts estimates of $1.533 billion, according to FactSet. A glaring weak spot in the report was Kate Spade’s larger-than-expected drop in same-store sales of 6%, while analysts expected a drop of 1.39%.

Cisco— Cisco shares plunged 8.6% after the tech giant gave poor guidance, saying its earnings would be lighter than expected as a “significant impact” from the U.S.-China trade war weighted on the business. The tech giant also said China revenue fell 25% last quarter on an annualized basis.

Pivotal Software— Pivotal surged a whopping 68.7% after VMware said it’s in talks to acquire the software company’s Class A shares for $15 a piece. Pivotal’s stock had declined 66% in the past year before the announcement as the company took a hit from weakening demand for its cloud applications.

Shake Shack— Shares of Shake Shack rose 7.1% and hit a new 52-week high on Thursday after SunTrust raised its price target on the restaurant chain to $102 per share from $86 per share. The analysts at SunTrust said they expect the company to add new menu items next year and for it to benefit from an exclusive delivery partnership with Grubhub.

NetApp— NetApp shares jumped 3.94% after the cloud data services company reported quarterly earnings of 65 cents per share, 7 cents above estimates per Refinitiv. The company also issued better-than-expected forward guidance.

Alibaba— Shares of the e-commerce company rose 2.9% after announcing better-than-expected revenue and earnings for the June quarter. The company reported diluted earnings per share of 12.55 yuan, compared to the expected 10.25 yuan according to Refinitiv estimates. The company has experienced growth with its successful cloud division and core commerce business, including the shopping platforms Tmall and Taobao.

— CNBC’s Elizabeth Myong and Jesse Pound contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: yun li maggie fitzgerald, yun li, maggie fitzgerald
Keywords: news, cnbc, companies, revenue, making, reported, billion, midday, general, tapestry, stocks, walmart, shares, biggest, share, rose, report, moves, expected, alibaba, electric, earnings, company


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Alibaba is poised to report slower revenue growth, but analysts still see a big rally ahead

Michael Nagle | Bloomberg | Getty ImagesAlibaba is expected to show slowing revenue growth after years of blockbuster earnings when it reports fiscal first quarter earnings on Thursday. Here’s what the market expects for Alibaba’s June quarter: Revenue of 111.73 billion yuan ($15.93 billion), according to Refinitiv data. If realized, this would be a 38% year-on-year rise, but slower than the more than 61% growth seen in the same quarter last year. CloudOne of the most promising areas of Alibaba’


Michael Nagle | Bloomberg | Getty ImagesAlibaba is expected to show slowing revenue growth after years of blockbuster earnings when it reports fiscal first quarter earnings on Thursday. Here’s what the market expects for Alibaba’s June quarter: Revenue of 111.73 billion yuan ($15.93 billion), according to Refinitiv data. If realized, this would be a 38% year-on-year rise, but slower than the more than 61% growth seen in the same quarter last year. CloudOne of the most promising areas of Alibaba’
Alibaba is poised to report slower revenue growth, but analysts still see a big rally ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: arjun kharpal
Keywords: news, cnbc, companies, growth, report, business, cloud, according, market, alibabas, quarter, slower, big, alibaba, ecommerce, revenue, ahead, analysts, rally, poised


Alibaba is poised to report slower revenue growth, but analysts still see a big rally ahead

A monitor displays Alibaba Group signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Jan. 7, 2019. Michael Nagle | Bloomberg | Getty Images

Alibaba is expected to show slowing revenue growth after years of blockbuster earnings when it reports fiscal first quarter earnings on Thursday. Its profitability, however, is likely to be improved. Here’s what the market expects for Alibaba’s June quarter: Revenue of 111.73 billion yuan ($15.93 billion), according to Refinitiv data. If realized, this would be a 38% year-on-year rise, but slower than the more than 61% growth seen in the same quarter last year.

Non-GAAP diluted earnings per share (EPS) of 10.25 yuan, according to Refinitiv estimates. Alibaba’s core commerce business, which includes its Tmall and Taobao shopping platforms, is expected to be the biggest growth driver given it’s the company’s biggest division.

The Chinese giant has been expanding the core commerce business internationally through the Singapore-based e-commerce platform Lazada which it majority owns, and domestically by pushing its products into smaller cities. “We expect a solid June quarter for BABA, with e-commerce possibly beating revenue expectation thanks to Tmall’s strong GMV (gross merchandising value) growth,” Xiaoyan Wang, analyst at 86Research told CNBC. “We also anticipate continuous user growth even on such a large base, as Taobao and Tmall are successfully penetrating into low tier cities.”

New retail

Part of Alibaba’s core commerce business is its so-called new retail strategy which looks to fuse the various parts of its business from payments to bricks and mortar stores and food delivery together into one big ecosystem. Part of the push here has been investments in logistics, its Hema supermarkets and food delivery business Ele.me. Investors will be looking at the performance of these new areas — particularly food delivery, which faces stiff competition from Chinese rival Meituan.

Cloud

One of the most promising areas of Alibaba’s business, according to analysts, is cloud computing. The division saw 76% year-over-year revenue growth in the March quarter and has slowly been growing its share of Alibaba’s revenues. Though it is still only around 8% of revenues, analysts see a big opportunity for the technology giant. “Cloud remains the key asset we believe the Street is focused on. Given the penetration of cloud in China, BABA has a major green field opportunity over the coming years on this front,” Daniel Ives, managing director of equity research at Wedbush Securities, told CNBC. Alibaba is the largest cloud computing player in China by market share.

Headwinds

Alibaba’s investment into new areas has come at a price — falling margins. The company has signaled, however, that it will continue to invest, something that has so far not spooked the market. Investors will be watching the margin figure closely. Another worry is the effect of the U.S.-China trade war. “China e-commerce players have come under major pressure in light of worries around growth in the region and macro slowness. We believe … the bark is worse than bite at this point although this remains a major (‘prove me’) quarter for BABA,” Ives said. Alibaba’s shares are up nearly 20% this year, but Wall Street thinks they can go higher over the next year. The average price target on the stock is $218.09, according to Reuters data. That implies a 34.5% upside from Wednesday’s close. The Chinese e-commerce giant is also reportedly looking to hold an initial public offering in Hong Kong, which could raise as much as $20 billion. On Thursday, however, the New York Post reported that Alibaba was weighing whether to delay the listing, which was scheduled for September, amid the anti-China protests in Hong Kong. Alibaba declined to comment when contacted by CNBC about the matter. Despite some of the near-term headwinds, Alibaba’s various investments should set it up for growth over the next few years, according to Thomas Chong, equity analyst at Jefferies. “Alibaba has multiple growth drivers in the years ahead, in our view, with the core marketplace a strong cash cow enjoying secular momentum amid China’s ongoing consumption upgrade, thanks to solid execution and technological ability to digitalize the retail sector, thereby enhancing efficiency,” Chong wrote in a recent note. “Its highly synergistic ecosystem enables it to ramp up easily in lower tier cities and local services. It has clear market leadership in cloud computing, which is the backbone of digitalization across different industries.”


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: arjun kharpal
Keywords: news, cnbc, companies, growth, report, business, cloud, according, market, alibabas, quarter, slower, big, alibaba, ecommerce, revenue, ahead, analysts, rally, poised


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Salesforce expands footprint into China with Alibaba partnership

US growth could be weakest in more than two years but latest data… The economy is expected to have grown in the second quarter at the slowest pace in more than two years, but the data will have little bearing on the Fed when it holds its…Market Insiderread more


US growth could be weakest in more than two years but latest data… The economy is expected to have grown in the second quarter at the slowest pace in more than two years, but the data will have little bearing on the Fed when it holds its…Market Insiderread more
Salesforce expands footprint into China with Alibaba partnership Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-25
Keywords: news, cnbc, companies, slowest, expands, china, partnership, second, latest, insiderread, itsmarket, holds, quarter, alibaba, salesforce, little, footprint, weakest, pace


Salesforce expands footprint into China with Alibaba partnership

US growth could be weakest in more than two years but latest data…

The economy is expected to have grown in the second quarter at the slowest pace in more than two years, but the data will have little bearing on the Fed when it holds its…

Market Insider

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-25
Keywords: news, cnbc, companies, slowest, expands, china, partnership, second, latest, insiderread, itsmarket, holds, quarter, alibaba, salesforce, little, footprint, weakest, pace


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Analysts love these 5 stocks ahead of their earnings reports

With earnings season now in full swing, Wall Street analysts are advising clients there are plenty of buying opportunities. CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are “top picks” heading into their earnings reports. Willis Towers Watson, a risk management and multinational advisory company, was recently upgraded by Wells Fargo analysts to outperform. Willis Towers Watson will report earnings on July 31. Coca-Cola will report its earning


With earnings season now in full swing, Wall Street analysts are advising clients there are plenty of buying opportunities. CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are “top picks” heading into their earnings reports. Willis Towers Watson, a risk management and multinational advisory company, was recently upgraded by Wells Fargo analysts to outperform. Willis Towers Watson will report earnings on July 31. Coca-Cola will report its earning
Analysts love these 5 stocks ahead of their earnings reports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: michael bloom
Keywords: news, cnbc, companies, reports, remains, company, earnings, love, sales, watson, strong, towers, ahead, analysts, alibaba, stocks


Analysts love these 5 stocks ahead of their earnings reports

A bottle of Diet Coke is pulled for a quality control test at a Coco-Cola bottling plant in Salt Lake City, Utah.

With earnings season now in full swing, Wall Street analysts are advising clients there are plenty of buying opportunities.

So far over 15% of companies in the S&P 500 have reported earnings. According to FactSet, 79% of those companies have posted a better-than-expected profit.

CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are “top picks” heading into their earnings reports.

They include names such as Coca-Cola, Willis Towers Watson, Diamondback Energy, Northrop Grumman, and Alibaba.

Willis Towers Watson, a risk management and multinational advisory company, was recently upgraded by Wells Fargo analysts to outperform.

“Insurance broker stocks tend to outperform during hurricane season,” they said. “Stronger organic revenue is coming against the backdrop that insurance broker stocks tend to outperform during wind season.”

Wells said it liked the company’s “strong price performance” with the stock up 29% year to date.

Willis Towers Watson will report earnings on July 31.

Chinese multinational e-commerce giant Alibaba continues to see robust online sales in China and analysts at Raymond James say that positions the company well when it reports earnings in mid to late August.

“We reiterate our Strong Buy rating on Alibaba shares and $280 price target given our expectation for solid June quarter results given strong China eCommerce sales data and strong 6.18 festival sales,” they said. “Alibaba remains our top large cap pick.”

Shares of the company are up over 3% on the week.

Coca-Cola will report its earnings on Tuesday and remains a “top U.S. staples pick” for analysts at Morgan Stanley.

“Despite an expected muted Q2, KO remains our top US Staples pick, as we believe the market will look past near-term weather-induced weakness and focus on the solid FY and LT topline outlook and an EPS/FCF growth inflection in 2020 and beyond.”

Shares Coke were down 0.67% on the week.

Here’s what analysts are saying about their top picks heading into earnings:


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: michael bloom
Keywords: news, cnbc, companies, reports, remains, company, earnings, love, sales, watson, strong, towers, ahead, analysts, alibaba, stocks


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post