by Amruth Sundarkumar | Aug 4, 2021 | China, Investment Grade Bonds
Alibaba Group Holding Ltd for the first time in two years reported revenues that missed estimates. Revenues for Q2 climbed to CNY 205.7bn ($31.8bn), missing estimates of CNY 209.4bn ($32.4bn), though it was higher than the $23.7bn in 2Q2020. Net income was at CNY...
by Amruth Sundarkumar | Jul 6, 2021 | China, Distressed / Defaulted Bonds
China’s Suning.com has reached a deal to sell a 16.96% stake worth $1.36bn to a consortium led by Nanjing state asset management committee and the Jiangsu provincial government. The other members of the consortium include Alibaba Group Holding Ltd., Midea Group...
by Amruth Sundarkumar | Jun 30, 2021 | China, High Yield Bonds
A consortium led by Alibaba Group and the Jiangsu Provincial government are set to buy a stake in Suning.com according to sources. They added that Suning.com is expected to make an announcement this week, and their founder Zhang Jindong will not have control of the...
by Amruth Sundarkumar | Jun 4, 2021 | China, Investment Grade Bonds
Alibaba’s Ant Group has got the much required approval from Chinese regulators to operate a new consumer finance company. The approval is an important step to restructure the business in line with regulations. A new licenced unit, Chongqing Ant Consumer Finance...
by bondevalue | May 14, 2021 | China, Investment Grade Bonds
Chinese multinational technology company Alibaba Group Holding Limited posted a loss from operations of CNY 7.66bn ($1.17bn) after it was fined CNY 18.23bn ($2.82bn) by China’s State Administration for Market Regulation pursuant to the nation’s...
