Alibaba's Jack Ma missing for more than 2 months

January 12, 2021

The mystery over the whereabouts of Alibaba and Ant Group founder Jack Ma has begun to intensify as reports surface that he failed to appear on his own talent show, and his social media accounts have gone dormant since October

In a speech delivered at the Bund Finance Summit in Shanghai on Oct. 24, Ma railed against China's traditional banks for operating with a "pawn shop" mentality

On Nov. 3, just two days before Ant Group's scheduled US$34Bn IPO, Chinese regulators pulled the plug on the process, while Ma was advised to remain in the country as officials launched an anti-monopoly inquest

On Jan. 1, the Financial Times reported that Ma was replaced on his own show, "Africa's Business Heroes," just before the finale was to take place. His photos were also taken down from the judging webpage, and he was nowhere to be seen in a promotional video

The Chinese government has a long history of taking ruthless measures against its domestic critics. In March of last year, real estate tycoon Ren Zhiqiang disappeared after calling Chinese Chairman Xi Jinping a "clown" for his poor handling of the Wuhan coronavirus outbreak

Expectations Alibaba

For this year the company, located in Hangzhou revenue will be around 700,09 billion USD. This is according to the average of the analysts' estimates. This is quite more than 2019's revenue of 509,71 billion USD.

Historical revenues and results Alibaba plus estimates 2020

The analysts expect for 2020 a net profit of 183,13 billion USD. The majority of the analysts expects for this year a profit per share of 66,85 USD. Based on this the price/earnings-ratio is 3,4.

Analysts don't expect the company to pay a dividend. The average dividend yield of the internet companies is a limited 0,12 percent.

Based on the current number of outstanding shares Alibaba 's market capitalization is 4705,76 billion USD. The Alibaba stock was the past 12 months quite volatile. Since last January the stock is 1 percent lower. This year the stock price moved between 170 and 319 dollar.

Historical stock prices Alibaba

Click here for dividend Alibaba. On Monday the stock closed at 227,37 USD.

Analist.nl Nieuwsdienst: +31 084-0032-842
nieuws@analist.nl

Copyright analist.nl B.V.
All rights reserved. Any redistribution, duplication or archiving prohibited. Analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.

Other stock news

Alibaba discussing selling 30% stake in Weibo to state-owned Chinese media company

China fines Alibaba record $2.75B for anti-monopoly violations

Alibaba Group faces anti-trust investigation

Analysts think Alibaba is undervalued

Sector news

Analysts count on revenue increase United Internet

Analysts are counting on record year Amazon

Analysts expect over 2023 revenue increase eBay

Analysts: Amazon on steam for record sales

Analysts expect over 2021 rising revenue eBay

Alibaba discussing selling 30% stake in Weibo to state-owned Chinese media company

Amazon discloses stake in Rivian as electric truck race takes a new turn

National news

NXP reaps benefits from FRAMOS collaboration

Tesla net onder de 500.000 cars per year

Analysts expect over 2024 revenue decrease Caterpillar

Analysts expect sales decline Biogen

Analysts anticipate for 2024 on revenue increase Cognizant

Analysts expect over 2024 growing sales Colgate-Palmolive

Analysts expect over 2024 revenue expansion Patterson-UTI Energy, relatively high dividend

Press news

Test News

Abivax presents third quarter 2024 key financial information

Northview Residential REIT Reports Strong Same Door NOI Driven by Western Canada Multi-Residential Growth of 13.8%

Barrack, Rodos & Bacine Notifies Shareholders of PACS Global, Inc. (PACS) of a Securities Class Action Lawsuit

Avricore Health Refocuses Strategy to Unlock Growth Potential

ASML INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that ASML Holding N.V. Investors with Substantial Losses Have Opportunity to Lead the ASML Class Action Lawsuit

MediciNova Receives Notice of Allowance from United States Patent and Trademark Office for New Patent Covering MN-001 for Triglyceride Synthesis in the Liver

About us	Network	Partners
Fpgroup.nlinfo@analist.nlRSS feedContactIntellectual Property Photos	Analist.nlLinksISIN Glossary	MorningstarPrudena.comAAII.comNASDAQvwd GroupEuronextBATS Chi-x