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Fly News Breaks for May 19, 2017
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
Nov 22, 2017 | 11:20 EDT
Short-selling focused research firm Muddy Waters just tweeted: "Article in @barronsonline on our $BABA Tweets the other day questioning Singles Day GMV numbers and noting sell-side sycophancy. BABA had no comment." Reference Link
Nov 21, 2017 | 06:16 EDT
Tencent (TCEHY) is close to securing an e-payment license in Malaysia for local transactions and expects to launch in the region early next year ramping up competition with Alibaba (BABA), Reuters reports, citing SVP S.Y. Lau. The Chinese social network firm, which surpassed Facebook (FB) in market value on Tuesday, is expanding its WeChat platform, making Malaysia its first foreign country to roll out the platform in as it looks for new growth opportunities. Reference Link
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