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Alibaba Group $BABA huge gap and go on Antgroup fine, but it paves the way for the IPO again
By: Options Mike | July 9, 2023
• $BABA huge gap and go on Antgroup fine, but it paves the way for the IPO again. 94 next target.. but it's a China name..
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Baba $BABA getting ready to blow?
By: TrendSpider | July 7, 2023
• $BABA Baba getting ready to blow?
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Alibaba shares rise on report China to fine Ant Group, concluding probe
By: Investing.com | July 7, 2023
U.S.-listed shares in Alibaba (NYSE:BABA) rose in premarket trading on Friday, boosted by a Reuters report that the Chinese government will slap a fine worth at least 8 billion yuan (roughly $1.1B) on Ant Group in the coming days.
The possible penalty - the biggest placed on a Chinese internet company since regulators fined ride-sharing app Didi Global (OTC:DIDIY) for $1.2B last year - would conclude a multi-year revamp of Ant that was initiated by the People's Bank of China following the scrapping of the fintech firm's planned $37B flotation in 2020.
The end of the overhaul could mean that Ant will be able to secure a financial holding company license and, potentially, bolster a revival of an initial public offering. Before the IPO was scuttled, some investors had valued Ant at over $300B.
Neither Ant nor the PBOC were immediately available to comment to Reuters.
Alibaba (HK:9988), which holds a one-third stake in Ant, also saw its stock close up 3.4% in Hong Kong trading. Meanwhile, the e-commerce giant's peers Baidu Inc (NASDAQ:BIDU), PDD Holdings Inc (NASDAQ:PDD), and JD.com Inc (NASDAQ:JD) saw their shares gain in U.S. premarket dealmaking.
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Alibaba is evaluating its strategy for Youku and Tudou in light of competition from Tencent and Baidu.
Alibaba $BABA buyers refuse to give up this $80 area...
By: TrendSpider | July 4, 2023
• $BABA Alibaba buyers refuse to give up this $80 area...
Will this month's earnings be the catalyst for a move?
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Alibaba exploring options for video platforms Youku, Tudou - Bloomberg News
By: Investing.com | July 4, 2023
(Reuters) - Alibaba (NYSE:BABA) Group Holding is exploring options for its video streaming platforms Youku and Tudou, Bloomberg News reported on Tuesday, citing people familiar with the matter.
One of the options under consideration is to inject the assets into Alibaba Pictures Group Ltd and bolster the scope of the Hong Kong-listed company, Bloomberg reported.
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Alibaba Group $BABA This one break out and roll over. 78 next support
By: Options Mike | July 1, 2023
• $BABA I know I'm a broken record, but I do not in general like Chinese stocks still.
This one break out and roll over.
78 next support.
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Alibaba (BABA) stock downgraded by Bernstein on 'value trap' risk
By: Investing.com | June 27, 2023
Alibaba (NYSE:BABA) stock has been downgraded at Bernstein as analysts moved to the sidelines despite a “very cheap” valuation.
Analysts downgraded Alibaba shares from Outperform to Market Perform with the price target cut by $32 to $98 per share.
“We upgraded Alibaba a year ago on the basis that the stock had discounted perpetual low growth, and that reopening would help support growth via better category mix. Alibaba's shares have traded in a range since — but while they remain cheaply valued, perpetual low growth no longer feels like an aggressive bear case,” analysts said in a note.
Bernstein analysts see a “value trap” risk as quarterly comps are about to get harder from here.
“We increasingly think Alibaba's problem isn't just a lack of user traffic, but merchant crowding driving up search costs, and pressuring merchant ROI.”
On the valuation front, shares are “modestly valued” and “still very cheap,” say analysts.
“We're unconvinced that low multiples and modest EPS accretion can drive durable share price performance if the competitive problem in core e-commerce remains unresolved,” the analysts concluded.
Despite a downgrade, Alibaba stock is up about 1.5% in early Tuesday trading.
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As rival Alibaba plans spinoffs, China's JD.com rehires a veteran to head a new grocery business.
E Fund Management Hong Kong Co. Ltd. Buys Shares of 31,628 Alibaba Group Holding Limited (BABA)
By: MarketBeat | June 23, 2023
• E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 31,628 shares of the specialty retailer's stock, valued at approximately $3,232,000. Alibaba Group comprises about 1.8% of E Fund Management Hong Kong Co. Ltd.'s holdings, making the stock its 11th biggest position...
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China stocks are routed amid growth worries; Alibaba (BABA) drops 4.5% after a surprise leadership switch.
$BABA Alibaba Summer? Seasonality Data
By: TrendSpider | June 19, 2023
• $BABA Alibaba Summer?
Seasonality Data
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Alibaba Group $BABA 1.5 year inverse H&S in the making?
By: TrendSpider | June 19, 2023
• $BABA 1.5 year inverse H&S in the making?
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Alibaba Group Holding Ltd. $BABA took out that Downtrend, 94 resistance for now, see if it fills that gap here back to the 8D
By: Options Mike | June 19, 2023
• $BABA took out that Downtrend, Blinken leaving China now.. nothing really new came from it.
94 resistance for now, see if it fills that gap here back to the 8D.
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$BABA June has been one of Alibaba's best performing months since the company's IPO in 2014, with an average return of +5.78%
By: TrendSpider | June 15, 2023
• $BABA June has been one of Alibaba's best performing months since the company's IPO in 2014, with an average return of +5.78%.
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$BABA The Baba breakout continues with today's raindrop candle showing a significant cluster of volume at the highs!
By: TrendSpider | June 14, 2023
• $BABA The Baba breakout continues with today's raindrop candle showing a significant cluster of volume at the highs!
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$BABA: Bullflag setup here on the tape..... currently 86.40
This has a good chance of getting to $90 this week on that technical setup alone.
Prem on the Weekly $90 calls is now at $0.75 with over 18k traded today......... don't know what the OI is yet.
This has a good chance of getting in the money if this is a bull week for Chiner stocks again
GO $BABA
Alibaba Group Holding Ltd. (BABA) Downtrend remains in control for now
By: Options Mike | June 11, 2023
• $BABA Downtrend remains in control for now.
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Alibaba Group $BABA looking ready to blow above $87
By: TrendSpider | June 10, 2023
• $BABA Baba looking ready to blow above $87.
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Alibaba Group Put Writer
By: Theta Warrior | June 9, 2023
• $BABA PUT WRITER.
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Can we break 90
$BABA Watching wedge resistance + the volume PoC around ~$89 on Alibaba this week.
By: TrendSpider | June 4, 2023
• $BABA Watching wedge resistance + the volume PoC around ~$89 on Alibaba this week.
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Alibaba Group $BABA Since the company's IPO in 2014, June has been one of Alibaba's best months, boasting an average return of +5.07%
By: TrendSpider | June 3, 2023
• $BABA Since the company's IPO in 2014, June has been one of Alibaba's best months, boasting an average return of +5.07%.
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$BABA Opening OTM 06/16 $87 CALLS
By: FLOWrensics | June 1, 2023
• $BABA Opening OTM 06/16 $87 CALLS
China names def catching a bid today after the larger bullish put writing in $FXI yesterday.
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How did the meeting go in northern china
Alibaba signs a new agreement to strengthen cooperation with Tianjin in northern China on big data, cloud computing, and AI projects.
The municipal government of Tianjin and Chinese e-commerce giant Alibaba Group Holding have pledged "deeper collaboration" in the development of high-tech fields such as artificial intelligence (AI), cloud computing, and big data in the northern coastal metropolis. According to a report on Saturday by the Tianjin Daily, a municipal government-run newspaper, the agreement was reached following a meeting last Friday between Alibaba chairman and CEO Daniel Zhang Yong, Tianjin Communist Party Secretary Chen Miner, and city mayor Zhang Gong. The South China Morning Post is owned by Alibaba. Zhang stated that Alibaba would provide "higher efficiency and lower cost computing resources" to support initiatives in AI, cloud computing, big data, and other high-tech areas in Tianjin, the northern China's largest city.
$BABA Bullish RSI divergence flashing into wedge support - It's now or never for Alibaba!
By: TrendSpider | May 30, 2023
• $BABA Bullish RSI divergence flashing into wedge support - It's now or never for Alibaba!
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Alibaba ($BABA) has been looking for ways to maximize the potential of its diverse businesses. The Chinese technology behemoth will spin off its cloud division and list two other subsidiaries. Its aggressive stock repurchase program should boost shareholder returns as well.
$BABA Partially filled that gap, well defined downtrend on this one
By: Options Mike | May 29, 2023
• $BABA Partially filled that gap, well defined downtrend on this one.
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Alibaba Group Holding Limited (BABA) Shares Bought by Cartica Management LLC
By: MarketBeat | May 27, 2023
• Cartica Management LLC raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 22.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 178,300 shares of the specialty retailer's stock after acquiring an additional 32,300 shares during the period. Alibaba Group makes up approximately 8.4% of Cartica Management LLC's investment portfolio, making the stock its 7th largest position. Cartica Management LLC's holdings in Alibaba Group were worth $15,706,000 as of its most recent SEC filing...
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Alibaba Group Holding Limited (BABA) Given Consensus Rating of "Buy" by Analysts
By: MarketBeat | May 24, 2023
• Alibaba Group Holding Limited (NYSE:BABA) has received a consensus rating of "Buy" from the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $142.13...
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Financial Strategies Group Inc. Increases Stock Holdings in Alibaba Group Holding Limited (BABA)
By: MarketBeat | May 24, 2023
• Financial Strategies Group Inc. lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 22.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,984 shares of the specialty retailer's stock after purchasing an additional 2,779 shares during the period. Financial Strategies Group Inc.'s holdings in Alibaba Group were worth $1,320,000 at the end of the most recent reporting period...
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Alibaba's cloud unit to cut 7% of staff in overhaul - source
By: Investing.com | May 23, 2023
(Reuters) - Alibaba (NYSE:BABA) Group Holding Ltd's cloud unit has started a round of downsizing that will impact 7% of the staff as it streamlines its business in preparation for an IPO, a source familiar with the matter said on Tuesday.
The cloud unit has started to offer severance to employees, the source said. Alibaba did not immediately respond to a Reuters request for comment.
Earlier this month, the Chinese tech giant laid out listing and fund-raising plans for four of its business units, including its logistics unit Cainiao. As part of the plans, China's largest cloud service is slated to be listed next year.
The development is part of Alibaba's announcement earlier this year of plans to restructure into six units, following a two-year regulatory crackdown on China's tech sector.
Alibaba's cloud division reported a revenue of 18.6 billion yuan ($2.69 billion) in the recent quarter, down 2% year-on-year.
($1 = 6.9121 Chinese yuan renminbi)
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Alibaba Group Holding Limited demonstrated on May 18 that, despite quarterly revenue falling short of expectations, it has made significant progress towards profitability, following Walmart, which exceeded estimates thanks to resilient customers. The company was historically restructured into six business units, and this is the first report since COVID-19 restrictions were loosened at the end of the previous year.
Alibaba (BABA) misses revenue estimates, approves cloud unit spinoff
By: Investing.com | May 18, 2023
(Reuters) -China's Alibaba (NYSE:BABA) Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations and said its board has approved a spinoff of its cloud-computing business.
The company logged revenue of 208.20 billion yuan ($30.12 billion) for the three months ended in March, compared with a Refinitiv consensus estimate of 210.3 billion yuan drawn from 26 analysts.
Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies late last year, but it still remains relatively muted amid a wobbly economic recovery.
Earlier this year, Alibaba announced plans to restructure into six units, a move that followed a two-year regulatory crackdown on China's tech sector. It expects all of its units except for its China-facing e-commerce division to seek outside funding and go public.
Alibaba on Thursday approved a full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders. It aims to complete the spinoff in the next 12 months.
Finance chief Toby Xu also said Alibaba's board has approved the process to start external financing for Alibaba International Digital Commerce Business Group and initial public offering (IPO) explorations for Cainiao Smart Logistics Group and the execution of the IPO for Freshippo.
Earlier this month, Reuters reported that the company's logistics arm aims to raise $2 billion via a listing in Hong Kong that will likely take place early next year.
Net income attributable to ordinary shareholders was 23.52 billion yuan, compared with a loss of 16.24 billion yuan.
Alibaba has also been struggling to attract new users as China's e-commerce sector matures and it grapples with inroads made by new competitors such as PDD Holdings and Douyin, the Chinese version of TikTok that is also owned by ByteDance.
Revenue for the full year climbed 2% to 868.69 billion yuan, marking its slowest rate of growth since the company went public in 2014.
($1 = 6.9121 Chinese yuan renminbi)
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Earnings Preview: Alibaba Group Holding Ltd. (NYSE: BABA)
By: 24/7 Wall St. | May 16, 2023
Alibaba
Over the past 12 months, shares of Alibaba Group Holding Ltd. (NYSE: BABA) traded essentially flat with plenty of big swings. But over the past two years, shares have dropped about 57% of their value. Aside from the country’s strict lockdown rules that were not repealed until early this year, the company managed to get sideways with the Chinese government, and that is never a good thing. The holding company has announced a six-piece split of its individual companies that could unlock some value, along with calling a halt to government fears that the e-commerce giant is getting too big.
Of 46 analysts covering the stock, 43 have ratings of Buy or Strong Buy. The others rate it at Hold. At a recent price of around $88.00 a share, the upside potential based on a median price target of $143.90 is about 73.8%. At the high price target of $217.73, the upside potential is 147.4%.
For Alibaba’s fourth quarter of fiscal 2023, analysts are expecting revenue of $30.05 billion, which would be down 16.3% sequentially and by 6.6% year over year. Adjusted EPS are expected to come in at $1.36, down 51.2% sequentially but 8.8% higher year over year. For the full fiscal year that ended in March, Alibaba is expected to report EPS of $7.61, down 8.40%, on sales of $125.02 billion, down 7.1%.
Alibaba shares trade at 11.6 times expected 2023 EPS, 10.2 times estimated 2024 earnings of $8.63 and 9.0 times estimated 2025 earnings of $9.81 per share. The stock’s 52-week trading range is $58.01 to $125.84. The company does not pay a dividend, and total shareholder return for the past 12 months is 2.10%.
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'Big Short' Michael Burry is long on China's Alibaba and JD.com — these stocks are now a fifth of his portfolio
Michael Burry is a "Big Short" investor who is long on China's Alibaba and JD.com. The two online retail giants are now the top two stock holdings under Burry's Scion Asset Management, with 100,000 Alibaba shares worth $10.2 million and 250,000 JD.com shares worth nearly $11 million as of March 31. Burry's bet on Alibaba and JD.com stands in contrast to those of other hedge funds that collectively sold 4 million JD.com shares in the first quarter of 2023. He is known for being a contrarian as well as his dire market warnings, and in January, he spooked the market by simply tweeting the word "Sell".
$BABA Are Baba bulls accumulating in this $80 area?
By: TrendSpider | May 15, 2023
• $BABA Are Baba bulls accumulating in this $80 area?
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(Reuters) - Alibaba Group Holding Ltd (9988.HK) said it plans split its business into six main units covering e-commerce, media and the cloud, adding that each will explore fundraising or initial public offerings.
What will be the NUMBER of SHARES each shareholder will get in the new units...
Same thing happen when CARLOS SLIM SPLIT UP TELMEX, and I made out VERY WELL on that SPLIT over time.
SoftBank books narrower loss after Alibaba stake sell-down
By: Investing.com | May 11, 2023
TOKYO (Reuters) -Japan's SoftBank Group Corp on Thursday posted a sharply narrower annual loss after a capital raise using its stake in Alibaba (NYSE:BABA) Group Holding Ltd helped cushion investment loss at its Vision Fund investing arm.
SoftBank reported a net loss of 970 billion yen ($7.18 billion) for the year ended March 31, compared with a 1.7 trillion yen loss in the same period a year earlier.
CEO Masayoshi Son's attempt to bestride the tech investing industry has suffered a series of high-profile reversals after outsized bets through SoftBank's first Vision Fund turned sour and investments made at bubbly valuations via a smaller second fund slumped.
With key architects of that strategy having left, Son has focused on shoring up the balance sheet, cutting his stake in e-commerce giant Alibaba and stepping back from trademark presentations to focus on the listing of chip designer Arm.
The Vision Fund unit booked an investment loss for the full year of 5.28 trillion yen. The investing arm booked its fifth consecutive quarter of investment loss in January-March, albeit a smaller loss than in previous quarters.
Assets gaining during the quarter include e-commerce retailer Coupang Inc and robotics company AutoStore Holdings Ltd, with office-share company WeWork Inc among the fallers.
SoftBank wrote down the value of private portfolio companies in both the first and second funds. At the end of March, the second fund's portfolio was worth $31 billion compared with an acquisition cost of $49.9 billion.
INVESTMENT OPPORTUNITIES
SoftBank has said it is in defence mode, putting investing activity on the backburner with the Vision Fund unit striking just 25 new deals over the past year.
Looking to bolster its capital buffers, SoftBank raised $35.46 billion through prepaid forward contracts using Alibaba shares during the fiscal year. A further $4.1 billion was raised through forward contracts for the period after April 1, 2023.
With the uptick in some tech stock prices, investor attention has turned to how long SoftBank will maintain its holding pattern.
Referring to the rise of new technology such as generative artificial intelligence (AI), "We need to look at whether we should stick to our defensive strategy, or whether we should also be on offence," SoftBank Chief Financial Officer Yoshimitsu Goto told a news briefing.
"We don't want to miss investment opportunities," Goto, a long-time Son lieutenant, said.
The Vision Fund unit emphasises that it holds stakes in companies including Arm and short video app TikTok parent ByteDance worth some $37 billion ready to go public in the future.
Investors are focused on the potential for further buybacks. SoftBank's shares closed down 0.85% ahead of earnings and have fallen almost 9% this year.
As the emergence of AI generates global excitement and debate, Goto said Son had also been excited by the new technology.
"It makes me worried if he has time to sleep," Goto said. ($1 = 135.0500 yen)
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In a major restructuring, Alibaba eliminates the position of chief technology officer and spins off its internal tech service provider. According to sources and several Chinese media reports, Alibaba Group Holding has eliminated its chief technology officer (CTO) position as part of a broad organizational restructuring that would see the sprawling conglomerate divided into more nimble and autonomous units. According to people with knowledge of the situation, Wu Zeming, who was appointed CTO of Alibaba six months ago, has had his title changed to CEO of Aicheng Technology, a subsidiary of Alibaba and a technology service provider founded in 2021.
It's funny how communist china works.. They were told to follow the rules, and open the books if you want to list in the US. They say ok... Then tell everyone to cut ties with US firms, and only work with local communist controlled ones..
It can't be more obvious, they are doing everything in their power to skirt disclosure, and continue to screw investors buying their junk listed in the US.
BABA goes to .000000 eventually, as china continues to show, they are a house of cards.
Buyer beware with anything coming out of china.
Sources with knowledge of the situation said Alibaba's logistics division hopes to raise up to $2 billion through a listing in Hong Kong likely early next year, boosting expectations for a revival of the capital markets in the Asian financial center.
Alibaba Group Holding Ltd. (BABA) 8D not even touched yet.. weak
By: Options Mike | May 7, 2023
• $BABA Chart says quiet week, lots of news pre but didn't hold the pops or dips.
8D not even touched yet.. weak.
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Thornburg Investment Management Inc. Acquires 307,276 Shares of Alibaba Group Holding Limited (BABA)
By: MarketBeat | May 4, 2023
• Thornburg Investment Management Inc. increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 153.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 507,869 shares of the specialty retailer's stock after buying an additional 307,276 shares during the quarter. Thornburg Investment Management Inc.'s holdings in Alibaba Group were worth $45,141,000 at the end of the most recent quarter...
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Alibaba Group joins forces with Avalanche on 'Cloudverse' metaverse launchpad
By: Jordan Finneseth | May 4, 2023
Alibaba Group, the Chinese multinational technology company that specializes in e-commerce, retail, internet, and technology, is looking to increase its presence in the metaverse with the release of Cloudverse, a launchpad for metaverse projects on the Avalanche network.
TechCrunch was the first to report on the development, which arose out of a partnership between Alibaba Cloud, the digital technology and intelligence division of Alibaba Group, and Avalanche, a layer-one blockchain protocol.
Through the partnership, Alibaba’s clients will have access to the Cloudverse launchpad, which is designed to help businesses customize, launch and maintain their own metaverse space on the Avalanche blockchain.
A third partner, MUA DAO, will act as the service layer for the platform and will help implement the integration and customization for metaverses.
“For [Alibaba Cloud], their partners are asking to be a part of web3,” said John Wu, president of Ava Labs. “So we will be dedicating resources to make it easy for them to make their own SDKs on top of ours.”
The metaverse has been a popular topic of conversation in the digital asset space since it first started integrating blockchain technology during the crypto bull market of 2021. In March of that year, the parent company of Facebook rebranded to Meta as part of its bid to lead the way in shaping the future of the metaverse.
While the metaverse remains a popular catchphrase, companies have struggled thus far in figuring out how to harness the concept in their businesses as a way to engage their customers and create additional revenue.
Alibaba and Avalanche are hoping that the ability to launch metaverses quickly and easily will lead to increased engagement from enterprises that don’t have the time or resources to develop these platforms themselves but are interested in the sector.
“You and I can create a metaverse right now,” said Emin Gün Sirer, the founder and CEO of Ava Labs. “Within 15 minutes, the chain is up; within hours the wallet is up and the turnkey is up.” The technology has been made “very easy” and all of the tools are open source, he added.
The companies said that it would take about a month for a metaverse space to be up and running after the initial outreach by an interested firm. To help support the uptake of Cloudverse, builders on the platform will receive support for visuals, metaeconomics, interactive functions, events, continued operations and more, Alibaba and Avalanche said.
Previously, the two companies collaborated to provide infrastructure and tools to help Asia-based Alibaba Cloud users launch validators on the Avalanche network. That original iteration provided plug-and-play and node-as-a-service initiatives to help expand blockchain adoption in Asia, the companies said.
Avalanche sees the collaboration with Alibaba as one of the best ways to increase the adoption of its network and attract new builders and protocols. “For us, it’s a great way to get access to 4 million potential builders, and when they come through [Avalanche], there will be tons of transactions on the chain,” Wu said.
Ava Labs has been one of the more active and collaborative projects in the blockchain industry over the past year.
In January, Amazon Web Services (AWS) partnered with Ava Labs with the goal of scaling blockchain adoption for enterprises, institutions and governments. Ava Labs also became a member of the AWS Partner Network (APN), which enables the firm to “help customers deploy custom offerings on AWS that are connected to more than 100,000 partners across more than 150 countries.”
The firm is also active on the regulatory front, with Ava Labs founder and CEO Emin Gün Sirer being appointed to the Commodity Futures Trading Commission (CFTC) Technology Advisory Committee back in March.
“I'm thrilled to have been appointed to the CFTC's Technical Advisory Board,” Sirer tweeted at the time. “I'll do everything I can to move the space forward, inform regulators about the latest developments in crypto, and bring the benefits of blockchains to our financial system.”
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Alibaba Group Holding Limited founder Jack Ma is starting a teaching position in Japan after dodging the limelight during Beijin's crackdown on tech.
$BABA There's the bear pennant breakdown we were looking for!
By: TrendSpider | May 2, 2023
• $BABA There's the bear pennant breakdown we were looking for!
Alibaba now down -23% in just over a month.
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We operate leading online and mobile marketplaces in retail and wholesale trade, as well as cloud computing and other services. We provide technology and services to enable consumers, merchants, and other participants to conduct commerce in our ecosystem.
We aim to build the future infrastructure of commerce. We envision that our customers will meet, work and live at Alibaba, and that we will be a company that lasts at least 102 years.
We empower our customers with the fundamental infrastructure for commerce and data technology, so that they can build businesses and create value that can be shared among our ecosystem participants.
We strive to expand our products and services to become central to the everyday lives of our customers.
For a company that was founded in 1999, lasting at least 102 years means we will have spanned three centuries, an achievement that few companies can claim. Our culture, business models and systems are built to last, so that we can achieve sustainability in the long run.
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