November 19, 20240 Comments

Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows By Reuters

SYDNEY (Reuters) – Alibaba (NYSE:) Group has delivered investors initial price guidance on its $5 billion dual currency bond, according to a term sheet reviewed by Reuters on Tuesday. The U.S. dollar tranche consists of 5.5-year, 10.5-year and a 30-year bond, the term sheet showed. The 5.5-year bond has an initial price guidance of Treasuries and about 90 basis points, the 10.5-year is Treasuries plus about 115 basis points and

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November 15, 20240 Comments

Alibaba shares rise as Q3 earnings top estimates By Investing.com

Investing.com — Chinese e-commerce giant Alibaba (NYSE:) Group Holding Ltd (NYSE: BABA) reported better-than-expected third-quarter earnings on Thursday, sending its shares up 3.2% in premarket trading. The company posted adjusted earnings per share of RMB15.06 ($2.15), beating analyst estimates of RMB14.79, but falling 4% year-over-year. Revenue came in at RMB236.5 billion ($33.7 billion), up 5% YoY but slightly below the consensus forecast of RMB239.97 billion. Alibaba’s core China commerce retail business

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