Bullish options flow was detected in BABA stock on December 10, 2019.
Alibaba’s marketplace Tmall Global has introduced a cold storage logistics option to make it easier to sell fresh food into China. The end-to-end service, offered via Alibaba’s logistics arm Cainiao, handles shipping for any temperature-sensitive products including fresh food and pharmaceuticals.
The service supports refrigeration across warehousing, processing, packaging and transportation. It also offers customs clearance online. Once in China, the goods can be delivered in under 24 hours.
With the service Tmall hopes to tap into the growing cold-chain logistics market, expected to reach $48.2 billion. Source: https://edelivery.net/2019/12/alibaba-introduces-cold-storage-logistics-option-foreign-brands/
On December 6, 2019, Manchester United (MANU) announced a new partnership with Alibaba Group (BABA) that will bring exclusive rights to club content in China to Alibaba’s ecosystem for the first time, further extending the club’s engagement with its massive Chinese fanbase. The partnership will see Manchester United content presented and localised on multiple Alibaba platforms, giving fans access to in-depth club content. This will include select first-team matches, highlights and localised original productions, all available to approximately 700 million consumers across Alibaba’s platforms and promoted through different channels, including a first-of-its-kind, dedicated Manchester United channel on Alibaba’s video-streaming platform, Youku. The new Manchester United Youku channel, which will be linked prominently from the Youku Sport portal, will feature Academy, Women’s and first team tour games, plus first team games shown on-demand and global and China-specific content. Manchester United had already broadcast three games from their pre-season tour on the Youku homepage. The partnership will also involve collaborating to establish a future Manchester United flagship store on Tmall, Alibaba’s B2C Marketplace, which will become the official online marketplace store selling Manchester United merchandise to Chinese consumers. It will be linked from the Youku channel, creating a seamless content and ecommerce experience. Manchester United and Alibaba will also provide business partners with robust marketing solutions to promote their products and brands across Alibaba’s platforms.
On December 4, 2019, Goldman Sachs analyst Piyush Mubayi maintained a Buy rating on Alibaba Group’s American depositary shares, with a raised price target of $257, up from $255, citing the company’s scale, synergy, partners, and its potential to exceed core growth. In the research note, Mubayi also initiated Alibaba’s Hong Kong-listed shares with a Buy rating on the Conviction List, with a HK$252 price target.