Latest news with #DingTalk
South China Morning Post
10-05-2025
- Business
- South China Morning Post
Jack Ma's Alibaba visit and replica flat spark nostalgia over company's humble start
Jack Ma , founder of Alibaba Group Holding , received a rock-star welcome on Friday as he appeared at an annual event for staff and family, lifting employees' spirits during a time of strategic repositioning at the business empire he established, according to company sources. Advertisement Ma, 60, visited Alibaba's campus in Hangzhou, capital of east Zhejiang province, in the evening. He toured a replica of the flat where he founded the company 26 years ago and attended a music show alongside thousands of employees. Although he did not deliver a speech, photos and videos of his appearance went viral on Chinese social media. Employees were seen cheering the return of Ma, who remains the largest shareholder and spiritual leader of the company. Alibaba, owner of the South China Morning Post, kicked off its two-day annual gathering on Friday to honour family members for their support of employees. This year, AliDay celebrations are being held in Alibaba offices in Hangzhou, Beijing, Shanghai, Guangzhou and overseas. Visitors tour the company's campus in Hangzhou on AliDay, which features photo booths, mascot parades, matchmaking sessions and other activities. Photo: Wency Chen At the replica flat, one wall displayed a quote from late Chinese leader Deng Xiaoping written by Ma in 2008: 'Development is the hard truth'. Employees lined up to pay homage on Saturday. Advertisement A founding team member of Alibaba's office tool DingTalk, surnamed Luo, recalled how the 100-square-metre (1,076 sq ft) space once accommodated 50 people. 'Everyone rushed in early in the morning just to grab a seat,' he said, adding that the visit had rekindled his memories of entrepreneurship.
South China Morning Post
01-04-2025
- Business
- South China Morning Post
Alibaba woos back DingTalk founder to lead office app's AI push
Advertisement Chen Hang, who created the app in 2015 and left Alibaba in 2021 to pursue his own venture, will return as the new DingTalk CEO. The news comes as Alibaba, which owns the South China Morning Post, plans to acquire a stake in Chen's Hangzhou-based start-up HHO, the representative said. HHO has raised at least two funding rounds since its launch, with backing from venture capital funds, including Vision Plus Capital, an investment firm started by Alibaba CEO Eddie Wu Yongming, according to Chinese corporate database Tianyancha. The leadership reshuffle was first reported by Chinese tech news outlet 36Kr on Monday. Ye Jun, the former CEO of DingTalk, will transition to a new role within Alibaba, according to 36Kr. He is currently working in Alibaba's CEO office, according to his DingTalk page. The changes highlight Alibaba's intensified focus on AI, as the Hangzhou-based firm seeks to capitalise on the global frenzy around generative AI models and specialised applications, an area of particular focus for the company. Advertisement DingTalk, with 700 million users as of the end of 2023, is seen as a key asset in Alibaba's AI strategy. The app generated more than US$200 million in annual recurring revenue – primarily from subscriptions – in the first half of the company's financial year, covering the six months through September.
Globe and Mail
20-02-2025
- Business
- Globe and Mail
Can Alibaba Hang On?
Summary Alibaba (BABA) has shown strong technical buy signals, gaining 39.78% since a Trend Seeker buy signal on 1/27, and is above key moving averages. The company operates across multiple segments, including e-commerce, cloud computing, and digital media, with a market cap of $301 billion and a P/E of 16.81. Analysts have mixed opinions, with a consensus price target of $122; Value Line and MorningStar highlight risks, including market share loss and China policy concerns. Barchart emphasizes the stock's volatility and suggests a disciplined investment approach, recommending regular reevaluation of stop losses to manage risk. The Chart of the Day belongs to the Chinese internet retailer Alibaba (BABA). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/27 the stock gained 39.78%. BABA Price vs Daily Moving Averages: BABA (Barchart) Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. It operates Taobao and Tmall, which are digital retail platforms; Alimama, a proprietary monetization platform; 阿里1688 and which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol, and Daraz that are e-commerce platforms; Freshippo, a retail platform for groceries and fresh goods; and Tmall Global, an import e-commerce platform. The company also operates Cainiao Network logistic services platform; an on-demand delivery and local services platform; Koubei, a restaurant and local services guide platform; and Fliggy, an online travel platform. In addition, it offers pay-for-performance, in-feed, and display marketing services; and Taobao Ad Network and Exchange, a real-time online bidding marketing exchange. Further, the company provides elastic computing, storage, network, security, database, big data, and IoT services; and hardware, software license, software installation, and application development and maintenance services. Additionally, it operates Youku, an online video platform; Quark, a platform for information search, storage, and consumption; Alibaba Pictures and other content platforms that provide online videos, films, live events, news feeds, literature, music, and others; Amap, a mobile digital map, navigation, and real-time traffic information app; DingTalk, a business efficiency mobile app; Tmall Genie smart speaker; and Qwen, an artificial intelligence chatbot. The company was incorporated in 1999 and is based in Hangzhou, the People's Republic of China. Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report. Barchart Technical Indicators: 88% technical buy signals 79.71+ Weighted Alpha 70.19% gain in the last year .315 - 60 month Beta Trend Seeker buy signal Above its 20, 50 and 100 day moving averages 12 new highs and up 47.78% in the last month Relative Strength Index 82.67% Technical support level at $124.59 Recently traded at $125.79 with 50 day moving average of $92.91 Fundamental Factors: Market Cap $301 billion P/E 16.81 Dividend yield 1.29% Revenue expected to grow 6.16% this year and another 8.05% next year Earnings estimated to increase 1.17% this year and an additional 12.59% next year Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide: Wall Street analysts issued 28 strong buy, 7 buy, 7 hold and 1 sell opinion on the stock Their price targets between $85 and $155 with a consensus of $122 Value Line gives the stock an above average rating with a price target of $94 for a 25% loss and comments:" Alibaba stock has been on a roller coaster ride over the past six months. Subsequent to the recent dip in price, Alibaba ADSs offer wide capital appreciation potential over the 2027- 2029 horizon. That said, risk-averse investors would be wise to steer clear, given the stock's elevated volatility lately. " CFRAs MarketScope rates the stock a hold with a price target of $105 and comments:" Our Hold rating reflects our view of improving fundamentals, partly offset by inherent China risks. Although we're extremely concerned about China's policy motives, we think most segments are witnessing improving trends (albeit at a very slow pace) " MorningStar thinks the stock is 26% over valued and comments: "Alibaba is losing market share to PDD Holdings, or PDD, and Douyin in the China e-commerce business, and we don't see a quick fix in the near term. Alibaba's number of annual active consumers in the China retail marketplace was surpassed by PDD in the fiscal year ended March 2021. Meanwhile, Douyin has gained share from Alibaba especially in the beauty and apparel categories in recent years, and entered the traditional search-based e-commerce space, competing directly with Alibaba. The number of annual active consumers at Alibaba is close to the ceiling in China." Of the 3.166 investors following the stock on Motley Fool 2,716 think the stock will beat the market and 450 think it won't 524,930 investors monitor the stock on Seeking Alpha Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis. I really enjoy and solicit your feedback. If you find Chart of the Day helpful please click the envelope in the upper right corner and leave a comment. Constructive criticism is also appreciated
