aba

Alibaba Shares Fall on Q3 Revenue Miss

Alibaba Shares Fall on Q3 Revenue Miss

Alibaba (NYSE: BABA), the Chinese e-commerce giant continues to grow fast. The company reported second-quarter revenue of USD 12,398 Million on Friday and earnings per share of USD 1.11. This beats analysts expectations of USD 1.08 a share. It&rsquo..

Study shows 20% Growth of the Worlds Billionaires

Study shows 20% Growth of the Worlds Billionaires

This is something nobody ever wants to hear… the rich just keep getting richer. On Friday a study released by UBS and PwC revealed that the wealth of the world's billionaires increased 20% in 2017 to $8.9 trillion!China’s rich are l..

Chinese E-Commerce Pinduoduo Raises $1.6B with U.S. IPO

Chinese E-Commerce Pinduoduo Raises $1.6B with U.S. IPO

Chinese commerce startup Pinduoduo Inc. (NASDAQ: PDD) priced its U.S. initial public offering at USD 19 per share, the high-end of the range, and raised USD 1.63 Billion to become the second largest U.S. float from a Chinese company this year. Pindu..

Walgreens has joined as the newest member of Dow with the exit of General Electric on Tuesday.

Walgreens has joined as the newest member of Dow with the exit of General Electric on Tuesday.

Walgreens Boots Alliance Inc (NASDAQ: WBA) is a giant drug store chain that started in Chicago in 1901, and chances are you've either heard of the brand or shopped at one. The latter part of the company name, Boots Alliance, refers to the c..

Ant Financial Valued at $150 Billion After Raising $14 Billion to Accelerate Globalization

Ant Financial Valued at $150 Billion After Raising $14 Billion to Accelerate Globalization

The operator of Alipay, China’s biggest online payment platform, Ant Financial Services Group, owned by Alibaba Group Holding Ltd (NYSE: BABA), said that they have raised about $14 billion from domestic and international investors in Series C ..

Alibaba places shares into healthcare assets ($1.4 BILLION DEAL)

Alibaba places shares into healthcare assets ($1.4 BILLION DEAL)

Chinese e-commerce business Alibaba Group Holding Ltd (NYSE: BABA) sold some shares of pharmaceutical business to fund purchases of health-related assets through $1.4 billion deal.Alibaba Health Information Technology Ltd., a subsidiary of Alibaba, ..

Alibaba Reports 61% Quarterly Revenue Growth

Alibaba Reports 61% Quarterly Revenue Growth

Alibaba Group Holding Ltd (NYSE: BABA) on Friday reported financial results for the quarter ended March that topped analysts’ estimate, driven by strong growth in its core commerce business.Alibaba, China’s e-commerce giant, said revenue..