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
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Alibaba Shares Rise in Hong Kong Despite Record $2.8 Billion Fine

04/11/2021 | 10:37pm EDT

By Martin Mou

Alibaba Group Holding Ltd. shares jumped Monday, after China's antitrust regulator slapped a record fine on the e-commerce giant following a monthslong investigation.

Alibaba's Hong Kong-listed shares, which opened 5.5% higher, were recently 7.9% higher at 235 Hong Kong dollars, when most other leading Chinese tech stocks were down.

China's antitrust regulator on Saturday imposed a fine equivalent to US$2.8 billion against Alibaba for abusing its dominant position over rivals and merchants on its e-commerce platforms, coming amid a wave of scrutiny on the business empire of company founder Jack Ma.

The penalty could put an end to the regulatory uncertainty associated with the antimonopoly investigation into Alibaba that started late last year, some analysts say.

Market concerns about the investigation are likely addressed by the recent decision and penalties from China's State Administration for Market Regulation, Jefferies says, adding this could foreshow "a new starting point" for Alibaba.

The 18.2 billion yuan fine is equivalent to 4% of Alibaba's domestic annual sales in 2019, according to the regulator. Under Chinese rules, antitrust fines are capped at 10% of a company's annual sales.

Citic Securities thinks this shows the penalty was modest and reflects the regulator's intention of using it as a warning to other tech giants of their potentially monopolistic business practices.

The financial impact of the fine looks manageable for Alibaba, which had a cash pile of more than CNY300 billion as of end-2020, the brokerage said.

Write to Martin Mou at martin.mou@wsj.com

(END) Dow Jones Newswires

04-11-21 2236ET

All news about ALIBABA GROUP HOLDING LIMITED
04:29aEXCLUSIVE : China's Tencent in talks with U.S. to keep gaming investments - sour..
RE
05/05ETF OVERVIEW  : Travel, biotechs and pets
05/05HK stocks end lower as consumer discretionary, tech shares weigh
RE
05/03MARKET CHATTER : Tencent-backed Hangzhou Xpower Technology Eyes Up to $300 Milli..
MT
05/03MARKET CHATTER : Fund Manager Fidelity Halves Estimated Ant Valuation to $144 Bi..
MT
05/03Hong Kong stocks end over 1% lower as financials, Mengniu weigh
RE
05/03Hong Kong stocks drop near 2% as financials weigh
RE
05/03MARKET CHATTER : China's Hainan Province to Offer Duty-Free Vouchers to Boost Co..
MT
05/03China's Antitrust Crackdown on Tech Sector Costly But Temporary, Fitch Says
MT
05/02Chinese Authorities to Beef Up Anti-Monopoly Drive
MT
More news
Financials
Sales 2021 707 B 109 B 109 B
Net income 2021 165 B 25 579 M 25 579 M
Net cash 2021 411 B 63 580 M 63 580 M
P/E ratio 2021 24,1x
Yield 2021 -
Capitalization 3 980 B 615 B 616 B
EV / Sales 2021 5,05x
EV / Sales 2022 3,67x
Nbr of Employees 252 084
Free-Float 89,7%
Chart ALIBABA GROUP HOLDING LIMITED
Duration : Period :
Alibaba Group Holding Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALIBABA GROUP HOLDING LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Average target price 2 050,92 CNY
Last Close Price 1 467,95 CNY
Spread / Highest target 72,4%
Spread / Average Target 39,7%
Spread / Lowest Target 10,4%
EPS Revisions
Managers and Directors
NameTitle
Yong Zhang Executive Chairman & Chief Executive Officer
John Michael Evans President & Director
Wei Wu CFO, Director & Head-Strategic Investments
Li Cheng Chief Technology Officer
Chee Hwa Tung Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ALIBABA GROUP HOLDING LIMITED-2.56%614 827
MEITUAN-2.58%224 428
PINDUODUO INC.0.00%164 319
SHOPIFY INC.-1.02%139 292
MERCADOLIBRE, INC.-8.64%76 301
EBAY INC.14.81%39 677