Alibaba to help China retailer Intime go private in $2.6 billion deal China’s largest online retailer and Intime’s founder, Shen Guojun, will pay as much as 19.8 billion Hong Kong dollars (US$2.6 billion) to take the Hong Kong-listed department-store chain private, Alibaba said in a statement Tuesday. Alibaba BABA, +0.88% already has a 28% stake in Intime from a $692 million investment it made in 2014; its shareholding would rise to about 74% after the deal. The deal requires approval from Intime shareholders and from a court in the Cayman Islands, where Intime is incorporated, an Alibaba spokeswoman said.
$2.6 Billion deal & already has a 28% stake in Intime from a $692 million investment in 2014;it's shareholding up 74% after the deal.
Alibaba Group Holding Ltd after its chairman, Jack Ma, met with President-elect Donald Trump and pledged to create one million jobs in the United States, although some experts are calling into question Ma's promise.
Alibaba rises 2.5% to 100.89 in PreM trading on Q3 EPS beat by 0.17, Sales rise 54% http://bit.ly/2j04ARg
Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880m (£700m).
Yesterday's price action caged me in a small box and probably will prove me wrong that 105 will be hit before 97 as I wrongfully thought.
Today it's going to be a massive bear trap. Many will short above $120 thinking it's going back down, only to end up covering @124.
Hard to buy after a huge gap up like that. If I were planning to buy and hold this long-term, I'd wait for a decent pull back to get back in. At minimum, back down to the white line in the chart below.
