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

  • Alibaba (NYSE:BABA) is discussing selling its 30% stake in Weibo (NASDAQ:WB) to a state-owned media company in an effort to reduce its influence over China's tech landscape, Bloomberg reports.
  • Weibo (WB), similar to Twitter (NYSE:TWTR) in its social media like presence, could be sold by Alibaba (BABA) to Shanghai Media Group, Bloomberg reported, citing people familiar with the matter.
  • Bloomberg added that talks are still in the early stages and it's not certain they will lead to a deal. Seeking Alpha has reached out to Alibaba (BABA), Weibo (WB) and Shanghai Media Group with a request for comment.

    For this year the company, located in Hangzhou revenue will be around 866.54 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2021's revenue of 717.29 billion USD.

    Historical revenues and results Alibaba plus estimates 2021

    fundamantele data

    The analysts expect for 2021 a net profit of 145.57 billion USD. For this year the consensus of the result per share is a profit of 53.15 USD. So the price/earnings-ratio equals 2.41.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the internet companies equals a limited 1.45 percent.

    Latest estimates around 285 USD

    The latest 3 recommendations for the internet company were provided by ABN AMRO , Bank of America Merrill Lynch and Susquehanna.

    Alibaba 's market value equals around 2757.42 billion . -44

    On Monday the stock closed at 128.3 USD.

    Historical stock prices Alibaba period 2007-2021

    stock price alibaba

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