Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

ALIBABA GROUP HOLDING LIMITED

(BABA)
  Report
Delayed Nyse  -  04:05 2022-09-30 pm EDT
79.99 USD   +1.18%
09/30Morgan Stanley Lowers Alibaba Group Holding's Price Target on BABA to $110 From $140, Maintains Overweight Rating
MT
09/30Alibaba Group Holding Limited Elects Jerry Yang as Group II Director
CI
09/30Nomura Adjusts Alibaba Group Price Target to $115 From $145, Maintains Buy Rating
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

H&M Returns to Alibaba's E-Commerce Platform After 16-Month Absence

08/16/2022 | 03:05am EDT

By Clarence Leong


H&M is back on sale at an e-commerce platform run by Alibaba Group Holding Ltd., 16 months after the Swedish fashion brand was taken down from the site following its decision to stop sourcing from China's Xinjiang region.

Hennes & Mauritz AB has reopened its official store on Tmall, Alibaba's flagship shopping platform, but continues to be absent from many other websites run by Chinese companies, including Baidu Maps and consumer-review website Dianping.com.

In March last year, H&M was wiped off the country's leading e-commerce, ride-hailing, daily-deals and map applications and sites as the Xinjiang decision sparked a backlash among consumers. H&M had said in 2020 that it was no longer sourcing from the region, a major cotton producer, because of allegations that forced labor was being used there. Other apparel companies, including Nike Inc. and Puma SE, have also been affected by fallout from the consumer boycott.

Beijing has denied all allegations of human-rights violations in Xinjiang.

The Swedish company said in April this year that it was still struggling with the fallout from the boycott by consumers. It also had to close some stores as Covid-19 outbreaks swept the country.

H&M Chief Executive Helena Helmersson said at the time that the company was in talks with several stakeholders in China to try to improve the "complex situation."

H&M's official account on China's Twitter-like Weibo platform hasn't posted any updates since the end of March.

Neither H&M nor Alibaba immediately returned Dow Jones Newswires' requests for comment.


Write to Clarence Leong at clarence.leong@wsj.com


(END) Dow Jones Newswires

08-16-22 0304ET

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 1.18% 79.99 Delayed Quote.-32.66%
BAIDU, INC. -0.20% 117.49 Delayed Quote.-21.04%
HENNES & MAURITZ AB 3.80% 103.46 Delayed Quote.-41.90%
NIKE, INC. -12.81% 83.12 Delayed Quote.-50.13%
PUMA SE -5.72% 47.97 Delayed Quote.-55.38%
WEIBO CORPORATION 2.03% 17.1 Delayed Quote.-44.80%
All news about ALIBABA GROUP HOLDING LIMITED
09/30Morgan Stanley Lowers Alibaba Group Holding's Price Target on BABA to $110 From $140, M..
MT
09/30Alibaba Group Holding Limited Elects Jerry Yang as Group II Director
CI
09/30Nomura Adjusts Alibaba Group Price Target to $115 From $145, Maintains Buy Rating
MT
09/30Amazon India rolls out live-stream shopping to drive festive season sales
RE
09/29Citigroup Adjusts Alibaba Group's Price Target to $146 From $159, Reiterates Buy Rating
MT
09/29SoftBank cuts about 150 staff globally -source
RE
09/29Hong Kong Hang Seng Down 0.5% as Property Issues Sustain Declines
MT
09/28U.S. boutique bank Raine expands in Southeast Asia, bets on media and tech
RE
09/28China stocks tumble to 5-month lows, tracking global peers
RE
09/27Factbox-Companies cut jobs, freeze hiring to prepare for economic slowdown
RE
More news
Analyst Recommendations on ALIBABA GROUP HOLDING LIMITED
More recommendations
Financials
Sales 2023 907 B 127 B 127 B
Net income 2023 95 815 M 13 468 M 13 468 M
Net cash 2023 287 B 40 341 M 40 341 M
P/E ratio 2023 16,2x
Yield 2023 -
Capitalization 1 507 B 212 B 212 B
EV / Sales 2023 1,34x
EV / Sales 2024 1,08x
Nbr of Employees 245 700
Free-Float 100,0%
Chart ALIBABA GROUP HOLDING LIMITED
Duration : Period :
Alibaba Group Holding Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALIBABA GROUP HOLDING LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 43
Last Close Price 569,07 CNY
Average target price 1 040,65 CNY
Spread / Average Target 82,9%
EPS Revisions
Managers and Directors
Yong Zhang Executive Chairman & Chief Executive Officer
John Michael Evans Independent Director
Hong Xu Chief Financial Officer
Li Cheng Chief Technology Officer
Pan Hua Xu Senior Investment Manager
Sector and Competitors
1st jan.Capi. (M$)
ALIBABA GROUP HOLDING LIMITED-32.66%211 776
MEITUAN INC.-26.53%130 556
PINDUODUO INC.7.34%79 125
MERCADOLIBRE, INC.-38.61%41 669
SHOPIFY INC.-80.44%34 250
EBAY INC.-44.65%20 222