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Alibaba Group Holding Limited (9988.HK)

HKSE - HKSE Delayed price. Currency in HKD
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83.500+2.050 (+2.52%)
As of 10:27AM HKT. Market open.
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Previous close81.450
Open82.550
Bid83.450 x N/A
Ask83.500 x N/A
Day's range82.350 - 83.600
52-week range64.600 - 87.450
Volume27,212,441
Avg. volume46,777,370
Market cap1.603T
Beta (5Y monthly)0.33
PE ratio (TTM)21.86
EPS (TTM)3.820
Earnings date14 Nov 2024 - 18 Nov 2024
Forward dividend & yield0.98 (1.20%)
Ex-dividend date12 June 2024
1y target est104.83
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  • Barrons.com

    Alibaba Is Battling with Temu Parent PDD. Founder Jack Ma Says That’s a Good Thing.

    Alibaba is locked in a three-way battle for market share with upstart rival PDD and longtime foe JD.com but the Chinese e-commerce giant’s co-founder Jack Ma thinks heightened competition will be good news over the longer term. “Many of Alibaba business face challenges and the possibility of being surpassed, but that’s to be expected as no single company can stay at the top forever in any industry,” Ma wrote in an internal memo sent to employees late Tuesday to commemorate the company’s 25th anniversary, according to The Wall Street Journal. Alibaba’s earnings have disappointed this year as it struggles to win a price war against JD.com and PDD which owns Pinduoduo in China and Temu in the U.S. In June, the three companies locked horns for China’s annual 618 shopping festival, slashing prices and rolling out promotions in a battle investors fear could weigh on margins.

  • South China Morning Post

    Alibaba logistics arm Cainiao launches next-day delivery in Europe, builds new hubs

    The next-day delivery for European Union countries includes a €2 (US$2.20) service for parcel deliveries to Spain and Portugal, the company announced on Tuesday during its 2024 Smart Global Logistics Summit in Hangzhou, capital of eastern Zhejiang province. Separately, Cainiao also announced the development of a second batch of global e-commerce logistics hubs, known as e-hubs, to serve as "a shared infrastructure that supports all e-commerce platforms, merchants and brands". "In e-commerce, supply chain and logistics are crucial competitive factors," said Alibaba chairman Joe Tsai, who also serves as chairman at Cainiao, in a statement released at the event.