-
Alibaba Stock Rises Marginally In Overnight Trading On Robinhood Despite $1.3 Billion Loss From Sale Of Chinese Retail Chain Intime
Tuesday, December 17, 2024 - 3:45am | 606Read More...Alibaba Group Holding Ltd – ADR (NYSE:BABA) announced on Tuesday its decision to sell its Chinese department store chain, “Intime,” resulting in a $1.3 billion loss. This move is part of Alibaba’s strategy to streamline its operations and concentrate on its...
-
Here's What Alibaba's Recent Acquisitions Suggest About The Future Of The Economy
Friday, January 27, 2017 - 3:17pm | 812Read More...Alibaba Group Holding Ltd (NYSE: BABA) has been in the news recently, thanks to its stellar December quarter results. The third-quarter results revealed that it has a cash hoard, with $4.9 billion in non-GAAP free cash flow and $5.4 billion in operating cash flow. The rich cash flow position...
