Alibaba Group Holding Limited American Depositary Shares, each represents eight Ordinary Shares - BABA STOCK NEWS

Alibaba.com and the International Olympic Committee (IOC) have launched the fourth edition of the Athlete365 Business Accelerator programme, aimed at helping athletes transition into entrepreneurship. The program attracted hundreds of applications globally, with 38% from Europe, 20% from Africa, and 17% from North America. Of the applicants, 55% are former Olympians and 46% are active athletes. The initiative includes educational tools, mentoring services, and funding, featuring AI-powered tools for global sourcing and B2B export. The program begins December 3rd with a masterclass by two-time Olympian Tony Parker, followed by online lessons and virtual bootcamps starting December 9th.

Baijiayun Group (NASDAQ: RTC) has established an ecological cooperation with DingTalk, Alibaba Group's enterprise collaboration platform, receiving certification as a 'DingTalk Industry Service Provider'. As a one-stop AI video solution provider, Baijiayun offers AI-generated content and video solutions for multiple industries. The partnership aims to integrate Baijiayun's diversified products into DingTalk's ecosystem to enhance enterprise digital services. The collaboration focuses on building an open industrial ecosystem, promoting digital transformation, and developing market-driven digital solutions.

Alibaba Group (NYSE: BABA) has completed two major note offerings: a US$2.65 billion U.S. dollar-denominated senior unsecured notes offering and a RMB17 billion RMB-denominated senior unsecured notes offering. The USD Notes include three tranches: $1 billion at 4.875% due 2030, $1.15 billion at 5.250% due 2035, and $500 million at 5.625% due 2054. The RMB Notes comprise four tranches with rates ranging from 2.65% to 3.50% and maturities from 2028 to 2044. The notes were offered to qualified institutional buyers in the U.S. and non-U.S. persons in offshore transactions.

Alibaba Group has announced the pricing of a dual-currency senior unsecured notes offering, consisting of US$2.65 billion in USD-denominated notes and RMB17 billion in RMB-denominated notes. The USD notes include three tranches with rates ranging from 4.875% to 5.625% due between 2030 and 2054. The RMB notes comprise four tranches with rates from 2.65% to 3.50% maturing between 2028 and 2044. The offerings are expected to close in November 2024. The company plans to use the proceeds for general corporate purposes, including offshore debt repayment and share repurchases.

Alibaba Group (NYSE: BABA) has announced plans to offer both U.S. dollar-denominated and RMB-denominated senior unsecured notes. The offerings are not inter-conditional, and final terms including principal amounts, interest rates, and maturity dates will be determined during pricing. The proceeds will be used for general corporate purposes, including offshore debt repayment and share repurchases. The USD Notes will be offered to qualified institutional buyers in the U.S. under Rule 144A and to non-U.S. persons under Regulation S, while the RMB Notes will be offered exclusively to non-U.S. persons under Regulation S.

Alibaba Group reported Q3 2024 results with revenue of RMB236,503 million (US$33,701 million), up 5% year-over-year. Net income increased 63% to RMB43,547 million (US$6,205 million). The company's Cloud Intelligence Group saw 7% revenue growth with triple-digit AI-related product revenue growth. During the quarter, Alibaba repurchased US$4.1 billion of shares, achieving a 2.1% reduction in total shares outstanding. Notable performance included AIDC's 29% revenue growth and Local Services Group's 14% growth. The company continued investing in user experience and strengthening product offerings, while implementing new GMV-based service fees and cancelling annual service fees for Tmall merchants.

Alibaba's Taobao and Tmall reported strong growth during their 16th annual 11.11 Shopping Festival. The event saw 589 brands exceeding RMB100 million in GMV (up from 402 last year), with 45 brands surpassing RMB1 billion. 88VIP members, representing China's largest paid e-commerce membership program with over 42 million members, increased orders by more than 50% year-on-year.

Key performance highlights include strong results across traditional categories, with 66 apparel brands, 79 beauty brands, and 34 consumer electronics brands surpassing RMB100 million in GMV. The platform's AI-powered toolkit served four million merchants, generating over 100 million marketing assets and helping 290,000 merchants achieve sales growth.

Alibaba Group announced it will release its unaudited financial results for the quarter ended September 30, 2024, before U.S. market opens on November 15, 2024. The company will hold a conference call to discuss the results at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Hong Kong Time) on the same day. The earnings release and presentation slides will be available on Alibaba's Investor Relations website. A live webcast and replay options will be provided for both English and Chinese speakers.

AliExpress announces its 11.11 Singles' Day sale featuring discounts up to 90% off from November 8-18, 2024. The company launches the '$1 Challenge' in partnership with Klarna, offering chances to win high-value items like PlayStation 5 and HP computers for just $1, plus opportunities to win a $10K Flight Credit or $3K Shopping Credit. A new U.S. Consumer Insights Report reveals that 79% of consumers prioritize discounts for holiday shopping, with 55% interested in earlier shopping holidays. The sale includes a social media 'Shake that App' challenge with daily $100 shopping credit prizes.