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Fly News Breaks for February 14, 2020
BABA
Feb 14, 2020 | 08:35 EDT
DBS Holding initiated coverage of Alibaba with a Buy rating and HK$278 price target.
News For BABA From the Last 2 Days
BABA
Oct 19, 2020 | 09:02 EDT
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly: 1. NY POST STORY... To see the rest of the story go to thefly.com. See Story Here
BABA
Oct 18, 2020 | 20:08 EDT
Alibaba announced it will invest approximately $3.6B in respect of Sun Art Retail Group that will raise its aggregate direct and indirect stake to approximately 72%. As part of the transaction, Alibaba will acquire 70.94% of equity interest in A-RT Retail Holdings from Auchan Retail and its subsidiary valued at approximately $3.6B. A-RT holds approximately 51% of the equity interest in Sun Art. Following the transaction, Alibaba will consolidate Sun Art in its financial statements. Additionally, Peter Huang has been appointed Chairman of Sun Art in addition to his current role as Chief Executive Officer.