This page has been archived and commenting is disabled.
BABA Bye Bye: Chinese MegaCap Plunges Below Post-IPO First Print
Alibaba is down over 10% this morning following a disappointing earnings release. This comes on the heels of selling pressure after the Chinese government released its report claiming significant "issues" at China's richest man's company. A combination of weak revenues, a 28% plunge in net income, slower than expected growth on its Tmall platform (and disappointment at the progress into mobile advertising) have sent the stock tumbling back near Facebook's market cap.
BABA is now trading below the opening print on IPO day...
As Bloomberg reports,
After September’s IPO and a record 57.1 billion yuan in transactions during a Nov. 11 promotion, Alibaba faces a decelerating Chinese economy and scathing criticism from the government for alleged lax oversight of its websites.
“The revenue increase was much lower than people expected,” said You Na, an analyst at ICBC International Research Ltd. in Hong Kong. “As more merchants start advertising on its mobile apps, revenue growth could slow as ad space and the fees it charges will be lower than what they charge for on desktops.”
* * *
»
- 6318 reads
- Printer-friendly version
- Send to friend
- advertisements -
Awthatsashame.
Point is clear, all the insiders that had to get rich off the IPO got rich.
Now the sheep holding on will get sheared.
Ma has already invested close to 1.5 billion USD in the India e-commerce market (plans a total of 10 Bill), he is off and away, the sheep get the hindmost.
Yeah he is invesing in India . i heard that .
BaBa Booie
Meanwhile, Baltic Dry SMASHES smashes through record low...down OVER 5% (-34) from 666 to 632
Ali Baba should merge with Ali G and float a new company called Borat. That will be a sure winner on Whore Street.
Who coulda knowed?
Marissa Mayer tipped off by fellow lizards at temple.
Sweet Home Ali Baba:
www.youtube.com/watch?v=UdVuVKbBF1oCounterfeit China site funded by Wall St Ponzi - what could possibly go wrong
Ever since Amazon allowed sellers fro China to list their 'stuff' on AMZN web site I bet they had to hire a dozen people just to monitor the fake crap coming in from China on their web site. When I see a "genuine" silk wedding gown for $6.95 with "Free Shipping" from Guanzhou I get suspicious.
And so soon after Christmas too.........pity.
If it drops under $60 I am a buyer -
I bet this all makes for one NERVOUS FUCKING WATERHEAD this morning. His little monkey ass best be heading back to Talos4 before they fucking dissappear him. They've been on a bender lately anyway, "discovering" all sorts of top politicos, generals and businessman that are suddenly guilty of treason.
It's grand to be on top in China, but man, that's one hell of a fall if you step wrong. No golf-outing prisons there.
Now come the forty thieves.
classic
https://www.youtube.com/watch?v=T_CUV0Er7EE
is that jack
fucking hilarious
https://www.youtube.com/watch?x-yt-cl=85027636&x-yt-ts=1422503916&v=y-zp...
Anyone ever try and use alibaba, translation for thief in arabic, I have and found it a useless platform for trade and communication with sellers.
I get constant spam from these assclowns and I have no idea how I got on their bullshit list. Ooooh sweet, wholesale prices for no name bullshit I neither want or need.
So investors are disappointed with growth in advertising revenue?
Isn't the point of Alibaba to sell products.
Oh I forgot the entire purpose of the internet is to generate advertising revenue with ads nobody looks at.
lol anytime I see an advertisement online , its pretty much just a reminder to update the blockers list. . . .
AS IT SHOULD. After all, the play/shift of wealth was to move it to a country that would do a better job of protecting their wealth. (You know who's wealth.) AND, it is looking like that one has come back to bite them in the arse.
Even then, this company is a joke. It may work for those people over there, but the people just might realize that the service was built to be more then just a service.
It still makes me think of "Human Farming".
Pens,
Alibaba is being grilled for counterfeit goods by a government that creates a counterfeit currency, "collateral" and economy.
Jack Ma, don't you know the government HATES competition?