CreditSights logo
Forgot Password?

Alibaba

Alibaba was founded in 1999 when China had just 9 million Internet users, and has grown to become the largest retail commerce company in the world based on gross merchandise volume (GMV). GMV transacted on Alibaba's China retail marketplaces was RMB 4.82 tn for the year ended 31 March 2018. Alibaba operates 3 marketplaces in China – Taobao (China's largest mobile and e-commerce destination), Tmall (China's largest third-party platform for brands and retailers), and Juhuasuan (group buying at discounted prices i.e. flash sales) – which comprised 71% of the company's FY18 revenue. The company also operates 1688, a wholesale marketplace in China. As of 31 March 2018, annual active consumers on Alibaba's China retail marketplaces reached 576 mn, while mobile monthly active users (MAUs) reached 634 mn. In April 2016, Alibaba acquired a controlling stake in Lazada, which operates e-commerce platforms in South-east Asia. This acquisition was a key driver of growth in Alibaba's international commerce retail segment. Alibaba is also China's largest provider of cloud services. (09 Oct 2018)

Search Results

Excerpts only. To access full content please login or request a free trial.

Focused

Alibaba: Hema Store Visit

Site Visits: 10 Dec 2018, 3:52 AM ET - Hema embodies Alibaba's 'New Retail' business strategy, which fuses online and offline shopping. We visited a Hema store in Alibaba's hometown of Hangzhou, in the eastern Chinese province of  Zhejiang. 

Asia Weekly: Partially Inverted US Treasury Curve

Asia Weekly: 07 Dec 2018, 4:26 AM ET - Since the start of this week, the US Treasury curve has been partially inverted as the 5Y Treasury started to trade inside of the 3Y and 2Y Treasuries. There was also some divergence in Asian $-bond spreads this week.
Focused

Alibaba: Another Record Singles Day

Worth Watching: 11 Nov 2018, 9:41 PM ET - Alibaba (A1/A+/A+) generated a record RMB 213.5 bn ($42 bn) in sales during its annual Singles Day bonanza on Sunday.   This was 27% higher than the RMB 168 bn achieved last year, but was the slowest growth rate in the event's 10-year history, ..
Focused

Alibaba 2QFY19: The Shopping Forecast

Earnings Note: 05 Nov 2018, 4:55 AM ET - The Chinese e-commerce giant cut its FY19 revenue guidance to RMB 375-RMB 383 bn, 4%-6% below its original forecasts.  However credit metrics remain robust and the company has a healthy, albeit falling, net cash balance. 

Asia Corporate Recommendations: November 2018

Asia Corporate Recommendations: 01 Nov 2018, 4:38 AM ET - We lowered our recommendation on Anton Oilfield 2020 to Market perform. However, we upgraded our recommendations on a number of Chinese property bond issues and  initiated on the new Evergrande 2020 with an Outperform recommendation.

Chinese Industrials: Currency Risk

Strategy Analysis: 26 Oct 2018, 3:02 AM ET - Almost all of the Chinese industrials we follow suffered FX losses in 1H18. We look at the breakdown of their debt, revenues, costs and cash by currency, as well as their existing hedging policies and currency sensitivity analysis. 

Asia Credit Calendar: Week of 29 October 2018

Strategy Analysis: 25 Oct 2018, 11:47 PM ET - 3Q earnings season begins. Issuers reporting this week include Bank of China, Agricultural Bank of China, ICBC, Minsheng Banking, ANZ, NAB, Macquarie, Nomura, OCBC, Health & Happiness, Alibaba and Baidu. 

Asia Credit: New York City Investor Meetings

Strategy Analysis: 03 Oct 2018, 12:13 AM ET - Our Asia corporate analysts spent two days meeting investors in New York earlier this month. We met a mix of investor types, including US and non-US based asset managers, investment advisers, investment banks, hedge funds and private banks.

Asia Corporate Recommendations: October 2018

Asia Corporate Recommendations: 01 Oct 2018, 4:59 AM ET - We assigned an Outperform recommendation to the CGN $ bond complex and Market perform recommendations to Country Garden's new 2022 and 2024 bonds. We also raised our recommendation on Baidu 2019 to Outperform. 

Asia Weekly: Stabilizing IDR Drives Returns

Asia Weekly: 20 Sep 2018, 11:49 PM ET - The Indonesian Rupiah (IDR) continued to stay in the IDR 14,800 - 14,900/$ range after recovering from IDR 14,938/$ at the start of September. In both IG and HY, Indonesian bonds performed the best, recording strong positive total returns. 

Asia Weekly: BOCHK Jumbo AT1 Drives Supply

Asia Weekly: 14 Sep 2018, 3:20 AM ET - Indonesian and Pakistan sovereigns and quasi-sovereigns outperformed this week, while Sri Lanka sovereigns remained under pressure. 

Asia Credit Calendar: Week of 17 September 2018

Strategy Analysis: 13 Sep 2018, 11:24 PM ET - Alibaba will hold a 2-day Investor Day in Hangzhou on Monday and Tuesday. Reliance Communication will hold an AGM on Tuesday. Yuzhou Properties will hold a non-deal roadshow in Singapore to update investors post-1H18 results on Thursday. 
Focused

Alibaba: Jack Ma Announces Retirement

Worth Watching: 10 Sep 2018, 12:49 AM ET - Alibaba (A1/A+/A+). Alibaba's founder and executive chairman Jack Ma announced  over the weekend that he would step down to focus on philanthropy and education. He will be succeeded by Alibaba's CEO Daniel Zhang, who will take over in one year' ..

Asia Corporate Recommendations: September 2018

Asia Corporate Recommendations: 03 Sep 2018, 3:50 AM ET - We initiate on Modernland 2021 with M/P, and Fufeng 2021 with O/P. We upgraded Agile and longer-dated Evergrande bonds to M/P, and Baidu 2019 to O/P. We downgraded COG 2020, Gajah 2022 and Modernland bonds to M/P, and Jababeka 2023 to U/P.

Asia Weekly: Supply Picks Up After Earnings Season

Asia Weekly: 31 Aug 2018, 1:26 AM ET - New issuance is picking up pace after the final leg of earnings season. We expect a heavy supply pipeline in September. 
Focused

Alibaba 1QFY19: New Retail Crimps Profitability

Earnings Note: 24 Aug 2018, 4:01 AM ET - 1QFY19 revenues soared by 61% year-on-year. But profitability slipped owing to Alibaba's New Retail businesses and the consolidation of new businesses. 

Asia Weekly: White Knight For Wintime Energy

Asia Weekly: 24 Aug 2018, 2:07 AM ET - Asian $-bond spreads have continued to trade sideways since the start of August, after the market rout in June and July. State-owned Beijing Energy Holdings will seek a major shareholding in Wintime's controlling holder Yongtai Group.

Asia Credit Calendar: Week of 20 August 2018

Strategy Analysis: 17 Aug 2018, 2:36 AM ET - The 1H18 earning season continues for Chinese issuers. 13 Chinese property developers, 4 Chinese industrial companies and 4 Chinese financial institutions will release results next week.

Asia Weekly: Bank Indonesia Raises Rates Again

Asia Weekly: 17 Aug 2018, 2:00 AM ET - We approach the peak of Chinese earnings season next week. Primary markets are relatively quiet as a result of the regulatory black-out periods. 

Kroger: Partners with Alibaba for China Sales

Worth Watching: 14 Aug 2018, 10:09 PM ET - Kroger (Baa1/BBB) and Alibaba announced a partnership to sell Kroger private label goods on Alibaba's Tmall site in China. Tmall is Alibaba's portal for international goods, most of which are setup by businesses without significant operations in C ..

Request A Free Trial

CreditSights offers free trials to individuals in qualified institutions.

Sign up now >>

Sector

Refine Results