Alibaba Group $BABA Quarterly Results, LIVE Webcast Nov 2, 7:30am ET

$BABA shares up almost 83% in the past year as of Oct 31, 2017

Alibaba Group Holding Limited (NYSE: BABA) (domain: alibabagroup.com) will release unaudited financial results for the quarter ended September 30, 2017, before the U.S. market opens on Thursday, November 2, 2017, via Alibaba Group’s Investor Relations website: alibabagroup.com/en/ir/home.

LIVE Webcast conference call to discuss the financial results that same day at 7:30 a.m. U.S. ET (7:30 p.m. Hong Kong Time). 

Conference call dial-in:

International: +65 6713 5090

U.S.: +1 845 675 0437

U.K.: +44 203 621 4779

Hong Kong: +852 3018 6771

Conference ID: 96302187

September Quarter 2017 Results Press Release (pdf) and Presentation (pdf) embed below:

An archived webcast will be available through the same link above following the call. A replay of the conference call will be available for one week (dial-in number: +61 2 8199 0299; conference ID: 96302187). More info: http://www.alibabagroup.com/en/ir/earnings.

Alibaba Group Holding Limited is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals.

Founders: Jack Ma, Peng Lei, Joseph C. Tsai, Cathy Zhang, and more

Founded: April 4, 1999, Hangzhou, China

Chairman: Jack Ma; CEO: Daniel Zhang (May 10, 2015–)
Subsidiaries: Alibaba.com, UCWeb, Ant Financial, Alibaba Cloud, and more.

About Alibaba Group (source: AlibabaGroup.com)
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

Tmall.com, formerly Taobao Mall, is a Chinese-language website for business-to-consumer online retail, spun off from Taobao, operated in China by Alibaba Group:
 source: Statista.com

source: Statista.com

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER

Alibaba IPO One Year Out, A Look Back and Where We Are Now (video)

Above: stock chart of NYSE: BABA (Alibaba Group shares) (source: google.com, Sept 18, 2015)

• On 18 September 2014, Alibaba's IPO priced at US$68;
• On 19 September 2014, Alibaba's shares (BABA) began trading on the NYSE at an opening price of $92.70 at 11:55am EST;
• On 22 September 2014, Alibaba's underwriters announced their confirmation that they had exercised a greenshoe option to sell 15% more shares than originally planned, boosting the total amount of the IPO to $25 billion.

"... at closing time, on the date of its initial public offering (IPO), 19 September 2014, Alibaba's market value was measured as US$231 billion... the pricing of the IPO ... later increased to US$25 billion, making it the largest IPO in history. However, buyers weren't purchasing actual shares in the group, since China forbids foreign ownership, but rather just shares in a Cayman Islands shell corporation..." (source: Wikipedia, emphasis added)

What happened?

According to Bloomberg Business (August 31, 2015): 

• “... people expected healthier growth in China’s macro economy and had higher hopes for it given a lot of people considered Alibaba as a barometer as the health of the economy ... they are just worried things are slowing faster than anticipated.” - RJ Hottovy, analyst, Morningstar Inc., Chicago;
• Alibaba is facing competition from smaller online retailers in its home market;
• While the company’s $1.3 trillion yuan ($204 billion) in total transaction value in its online marketplaces was more than six times that of JD.com Inc., China’s second-biggest e-commerce company, in the first half of this year, its 37 percent growth rate was less than half of JD.com’s;
• Slowing growth stems from e-commerce market saturation in China’s larger, wealthier cities and the company’s strategy of shifting to services over smartphones and tablets, which generate less revenue from ads compared with desktop computers. Analysts estimated in September that Alibaba’s revenue would increase 33 percent for its fiscal 2016 ending in March, the projection is now cut to 29 percent, according to data compiled by Bloomberg.
• Hedge funds have been part of the investor exodus from Alibaba as they cut their stock holdings in the company to about 3.1 percent as of the end of June from 5.2 percent in the third quarter of last year, according to data in public filings compiled by Bloomberg. They boosted their ownership in JD.com to 18 percent from 1.2 percent during the period.

Lock-up expiration: As reported by Bloomberg on Sept. 3, 2015, Alibaba Group Holding Ltd. Chairman Jack Ma and Vice Chairman Joseph C.Tsai plan borrow more than $2 billion through a margin loan pledged against their Alibaba stock--the lockup period on Alibaba stock owned by Ma (7.6%)  and Tsai (3.1%) expires on Sept. 21. 2015--Tsai said publicly on the last earnings call that he and Ma will not be selling shares at the lockup expiration. Reportedly the money raised may be used to fund Blue Pool Capital Ltd., the family office of Alibaba founders set up by Tsai and Alexander West in 2004. Former Citadel Managing Director Oliver Weisberg was hired this year to co-run the firm, which has also brought in Sydney Zhang, a former allocator from the Chinese foreign exchange regulator, to lead hedge-fund investments. Credit Suisse Group AG, Goldman Sachs Group Inc. and Morgan Stanley are among banks reportedly working on the transaction. Bank fees on these kinds of deals are reportedly "lucrative." Ma is China’s second-richest person with a net worth of $29.5 billion, while Tsai has a $4.4 billion fortune, according to the Bloomberg Billionaires Index.

A look back to September, 2014:

Allow video above to load after clicking play - if video does not play on your device go to link below

Sept 17, 2014: NSBO Head of China Research Miranda Carr discusses the coming Alibaba IPO and what to keep in mind when using their ecommerce business. She speaks with Ryan Chilcote on Bloomberg Television's “The Pulse.” (Source: Buyer Beware When Using Alibaba: Carr: Video - Bloomberg)

Alibaba:

• alibabagroup.com
• Investors: http://alibabagroup.com/en/ir/home
• alibaba.com

NSBO - North Square Blue Oak: domain name: nsbo.com

"NSBO is a specialist FCA-regulated investment bank with a strong focus on China, event-driven strategies and ETF execution. We have offices in London and Beijing. The Beijing office produces in-depth policy-driven macro research on China and its growing influence on the global economy. Our Corporate Finance team advises on M&A and fund raising transactions, utilising NSBO's networks in the UK, China, North America and the rest of the world. Our execution desk covers all major markets around the clock. We are dedicated to helping our clients attain the best possible results, whatever their needs. For an overview of our China Research product and capabilities click here  [China’s Effect on the World - How Government Policy Impacts Investors (pdf)]." (source: nsbo.com)

See also on Domain Mondo:

• Alibaba Group $BABA, Quarterly Earnings, Webcast Replay, Lock-up
• Alibaba Group, Quarterly and FY2015, Earnings Conference Call May 7th
• Other posts on DomainMondo.com re: Alibaba

Follow @DomainMondo

DISCLAIMER