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

Moov has successfully closed a $41 million Series A funding round led by Tiger Global, with participation from Atreides Management and others. The funding will support Moov's expansion into semiconductor hubs and global markets, including China, South Korea, and Europe. Moov operates the world's first real-time B2B online marketplace for manufacturing equipment, boasting over $1.5 billion in active listings. The semiconductor equipment sales market is projected to grow, reaching $100 billion in 2022, with Moov aiming for over $1 billion in gross merchandise value in coming years.

Alibaba Group (NYSE: BABA) will report its unaudited financial results for Q3 2021 on November 18, 2021, before U.S. markets open. The conference call to discuss the results is scheduled for 7:30 a.m. U.S. Eastern Time on the same day. Investors can access the live webcast at https://www.alibabagroup.com/en/ir/earnings, with an archived version available afterward. The company is focused on enhancing commerce infrastructure and aims for long-term growth.

Cat Rock Capital, holding 6.5% of Just Eat Takeaway.com's shares, is pushing for a sale or spin-off of Grubhub by December 31, 2021, to address the company's undervaluation. JET's stock trades below 8x EBITDA, indicating a significant mispricing of its assets. The Grubhub acquisition, which reduced JET's financial flexibility, is attributed to a negative valuation of €14 billion. Cat Rock emphasizes Grubhub's strong performance metrics, including $10 billion in GMV and extensive restaurant partnerships, suggesting that unlocking Grubhub's value could lead to over 100% appreciation in JET's stock.

Alibaba Group (NYSE: BABA) launched its 13th annual 11.11 Global Shopping Festival, emphasizing sustainability and inclusiveness, with a record participation of 290,000 brands. The festival, showcasing over 14 million deals for 900 million consumers in China, features two sales windows from November 1 to 3 and November 11.

New initiatives include a focus on eco-friendly products, RMB100 million in green vouchers, and package recycling across 10,000 stations. Additionally, the Taobao app introduced 'senior mode' for enhanced accessibility and engagement.

BluePallet, an industrial commerce platform for the chemical industry, has become a Global Gold Supplier on Alibaba.com, enhancing its market presence. This milestone enables BluePallet's network of verified chemical manufacturers and distributors to connect with millions of global business buyers. BluePallet offers tools for navigating regulatory compliance and secure transactions through its platform. The global chemicals market is projected to grow from $3.34 trillion in 2020 to $4.30 trillion by 2025, indicating strong sector growth.

Alibaba.com is hosting its next Online Trade Show | Autumn from October 18-31, 2021, featuring over 9,000 suppliers and 6 million products. This event follows a record-breaking Super September, which saw a 35% sales increase year-over-year. The Alibaba.com Grants Program, with a budget of $500,000, has received thousands of applications, set to close on October 21. Top growth categories include Commercial Service Equipment, Toys and Hobbies, and Construction and Real Estate.

Mindee, an API-first platform focused on automating data entry, has raised $14 million in a Series A round led by GGV Capital, with participation from Alven, Serena Capital, and Bpifrance. The funding aims to expand Mindee's presence in the U.S. and Europe, enhancing its machine learning capabilities and platform features. Notable investors include leaders from Algolia and Datadog. Mindee simplifies document processing with its API, helping businesses mitigate manual data entry in various applications.

J.P. Morgan (NYSE: JPM) has launched a credit card payment processing service for Alibaba.com (NYSE: BABA), enhancing payment options for U.S. small and medium-sized businesses. This partnership with Alipay facilitates smoother transactions, allowing U.S. credit cards to be used on Alibaba.com. J.P. Morgan, recognized as the top U.S. payments processor, aims to support businesses pivoting to digital solutions amidst the growing e-commerce landscape, which saw over $4.2 trillion in online sales in 2020.