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Fly News Breaks for May 19, 2017
BABA
May 19, 2017 | 08:02 EDT
BofA/Merrill analyst Eddie Leung raised Alibaba's price target to $144 from $125 following the strong Q4 report driven by the Chinese retail business, mobile growth, and healthy GMV. The analyst rates Alibaba a Buy.
News For BABA From the Last 2 Days
BABA
Jun 21, 2017 | 16:27 EDT
Alibaba Group announced strategic cooperation with Driscoll's and Chicken of the Sea to bring U.S. food products to China, home to the world's largest consumer market. Through this effort, Chinese consumers will be able to purchase fresh strawberries as well as high quality seafood directly on Alibaba's Tmall platform. The announcement was made at Gateway '17, Alibaba's inaugural conference focused on helping U.S. small businesses, farmers and entrepreneurs explore growth opportunities overseas in response to Chinese consumers' demands for high-quality products from the U.S.
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