Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

ALIBABA GROUP HOLDING LIMITED

(BABA)
  Report
Delayed Quote. Delayed Nyse - 07/30 04:10:00 pm
195.19 USD   -1.19%
07:53aOlympics-Organisers seek to prevent heatstroke with AI gadget
RE
07/30Tech Down As Amazon Report Weighs -- Tech Roundup
DJ
07/30U.S. halts IPOs for Chinese-based companies
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Alibaba-Backed Huitongda Plans Hong Kong IPO

06/18/2021 | 03:08am EDT

By Ben Otto

Huitongda Network Co. is planning an initial public offering in Hong Kong, the latest Chinese logistics-services company seeking to test investor appetite in the Asian financial center.

Nanjing-based Huitongda, which specializes in selling goods and supply-chain services in China's rural areas, intends to use proceeds from an offering to expand its consumer base and invest in IT infrastructure, it said in a draft prospectus filed to the Hong Kong exchange Friday.

It didn't specify a timeline for the offering nor say how much in plans to raise.

Huitongda's pre-IPO investors include Chinese tech titan Alibaba Group Holding Ltd., which holds a 19% stake. Alibaba invested 4.5 billion yuan ($697.8 million) in the company in 2018 as part of efforts to boost its reach into rural China.

Huitongda's public-offering plan comes as online sales rise in China amid the pandemic and follows moves by other Chinese logistics specialists to seek listings in Hong Kong.

In May, JD Logistics Inc., a spinoff from e-commerce giant JD.com Inc., raised more than $3 billion in an offering, while SF Real Estate Investment Trust raised about $334 million in what was the financial hub's first-ever logistics REIT IPO. JD Logistics shares are trading about 4% above their IPO pricing, while SF REIT shares have traded well below.

Huitongda has expanded in recent years from selling merchandise such as household appliances to offering agricultural means of production and homebuilding materials, among others. It also provides rural retail stores with services to operate online businesses and ensure stable supply chains, with operations reaching more than 19,000 towns and villages in 21 provinces.

Huitongda was China's largest commerce platform serving retail businesses in the lower-tier market in 2020 by transaction value, it said in its filing, citing a report by Frost & Sullivan. It posted a loss of CNY280.0 million in 2020 on revenue of CNY49.63 billion.

Citigroup and China International Capital Corp. are among the advisers for the offering.

Write to Ben Otto at ben.otto@wsj.com

(END) Dow Jones Newswires

06-18-21 0307ET

All news about ALIBABA GROUP HOLDING LIMITED
07:53aOlympics-Organisers seek to prevent heatstroke with AI gadget
RE
07/30Tech Down As Amazon Report Weighs -- Tech Roundup
DJ
07/30U.S. halts IPOs for Chinese-based companies
RE
07/30SOCIAL BUZZ : Wallstreetbets' Reddit Stocks in Negative Territory Premarket Frid..
MT
07/30ALIBABA : Olympic Broadcasting Services Hosted in the Cloud for the First Time
PU
07/30TENCENT : China urges tech companies to step up management of critical data expo..
RE
07/30China's Tech Regulator Urges Internet Companies to Step Up Risk Assessment
DJ
07/30TENCENT, ALIBABA, DIDI : Beijing takes control
07/30MARKETMIND : Ready for a summer lull?
RE
07/29MARKET CHATTER : Beijing to Continue Allowing Chinese Firms to Launch US IPOs
MT
More news
Financials
Sales 2022 927 B 143 B 143 B
Net income 2022 132 B 20 464 M 20 464 M
Net cash 2022 459 B 71 070 M 71 070 M
P/E ratio 2022 28,1x
Yield 2022 -
Capitalization 3 428 B 531 B 531 B
EV / Sales 2022 3,20x
EV / Sales 2023 2,54x
Nbr of Employees 251 462
Free-Float 89,8%
Chart ALIBABA GROUP HOLDING LIMITED
Duration : Period :
Alibaba Group Holding Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALIBABA GROUP HOLDING LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Last Close Price 1 261,10 CNY
Average target price 1 858,65 CNY
Spread / Average Target 47,4%
EPS Revisions
Managers and Directors
Yong Zhang Executive Chairman & Chief Executive Officer
John Michael Evans President & Director
Wei Wu CFO, Director & Head-Strategic Investments
Li Cheng Chief Technology Officer
Chee Hwa Tung Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ALIBABA GROUP HOLDING LIMITED-16.13%530 561
SHOPIFY INC.32.51%187 174
MEITUAN-27.02%169 539
PINDUODUO INC.-48.44%114 814
MERCADOLIBRE, INC.-6.36%78 203
EBAY INC.35.74%46 469