: Alibaba hires former Goldman banker Evans
Alibaba hires former Goldman banker Evans as president Alibaba Group Holding Limited? Watchlist 77.99-0.35(0.45%) Alibaba Names Michael Evans as President The Wall Street Journal q 3 mins 49 secs ago
BEIJING, Aug 4 (Reuters) - Alibaba Group Holding Ltd has hired former Goldman Sachs Group Inc partner Michael Evans to oversee the e-commerce company's international expansion, a top priority as the firm looks beyond China to sustain its heady growth rates.
Evans, who spent two decades at the investment bank in positions including vice chairman and head of Asia, has occupied a board seat at Alibaba since mid-2014, before the company held a record-setting public listing in New York.
Alibaba, by far the largest e-commerce player in China, said hiring Evans signalled its intention to ramp up cross-border commerce in earnest after it spent years focusing on securing its domestic market position.
dadurch von der Investorenseite her chinesischer wird, denn ich kann mir nicht so richtig vorstellen, dass die Chinesen ein Unternehmen nicht behindern, bei den vor allem ausländische Investoren profitieren.
Given that BABA is now trading around 40 percent lower than it was at the end of last year despite maintaining impressive growth it is starting to look like a complete collapse is priced into the stock. If you believe that is imminent, great. If not however, BABA?s forward P/E of below 20 and PEG ratio of below 1.0 are beginning to make this particular Chinese stock a chance worth taking.
wird noch JD.com in Enge treiben, Alibaba wird somit bessere Wachstumsraten haben. , siehe hier:
"Online shopping in some of the larger Chinese cities is already reaching saturation, which is driving Alibaba to look for other areas of growth," Edison wrote.
That's one reason Alibaba this week announced it had invested $4.63 billion for a 20% stake in Suning Commerce Group, one of the largest consumer electronics retail chains in China. It has more than 1,600 stores in 289 cities. The deal puts Alibaba in direct competition with China's largest online direct sales company, JD.com (NASDAQ:JD), which is comparable to Amazon.com (NASDAQ:AMZN). The Alibaba partnership hits JD at the heart of its most important category, consumer electronics, where it generates about 80% of revenue and half its gross merchandise volume.