Partnership and Product Launch - Alibaba com announced a partnership with Mastercard and Cardless to launch the Alibaba com Business Edge Credit Card, the company's first co-branded US credit card designed for small business owners [1] - The card aims to reward businesses for cross-border and domestic sourcing purchases through Alibaba com, offering benefits such as cashback and extended order protection [1][2] - The waitlist for the card went live on September 5, 2024, with applications opening later in the year [2] Card Benefits and Features - Cardholders can choose between 3% cashback or 60-day interest-free payment terms on Alibaba com purchases up to $40,000 annually, with 1% cashback thereafter [2] - Purchases outside Alibaba com earn 2% cashback on business expenses like advertising and dining, and 1% on all other Mastercard-accepted purchases [2] - The card includes a 90-day order protection through Alibaba com's Trade Assurance service and Mastercard World Elite benefits, such as productivity tools and cyber protections [3] - Additional perks include a $100 sign-on bonus after spending $3,000 in the first 90 days, up to $100 in annual Alibaba com coupons, and bi-monthly shipping discounts worth up to $120 per year [3] - The card carries a $199 annual fee [3] Strategic Importance for SMEs - The card is designed to add value for small and medium-sized enterprises (SMEs) by simplifying sourcing and offering financial management tools [3] - Mastercard emphasized the importance of digital tools and resources for small business success, highlighting benefits like payroll management, business education, and merchant savings [3] - Cardless views this partnership as a step into innovative financial solutions for small business owners, aiming to empower US businesses [3] Company Backgrounds - Alibaba com is a leading global B2B e-commerce platform, serving buyers and suppliers from over 200 countries and regions, and is part of Alibaba International Digital Commerce Group [5][6] - Mastercard is a global payments technology company focused on enabling safe, simple, and accessible digital transactions across 210 countries and territories [7] - Cardless is a fintech innovator specializing in co-branded credit card development, backed by prominent investors and serving major organizations like Simon Property Group and LATAM Airlines [8]

The platform's premier B2B e-commerce event marks the launch of its first co-branded credit card, upgraded financial and logistics solutions for U.S. businessesLAS VEGAS, Sept. 5, 2024  /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce and a business unit of Alibaba International Digital Commerce Group, today announced its new artificial intelligence (AI)-powered sourcing agent, along with new financial and logistics solutions, at its second annual CoCreate con ...

DNY59 BABA Stock: Previous Thesis and Q1 Recap My last article on Alibaba Group Holding Limited (NYSE:BABA) argued for a hold rating on the stock. That article was entitled "Alibaba: I Keep Disagreeing with The Crowd" and was published on the Seeking Alpha platform on July 22, 2024. In the article: I discussed the recent bullish sentiment surrounding BABA stock and the factors contributing to it, such as its low P/E ratio and regulatory easing in China. However, I argued that the P/E ratio is not as low as ...

Robert Way Investment thesis My previous bullish thesis about Alibaba (NYSE:BABA) aged well as the stock outperformed the broader U.S. market since June 5 with its 6.7% total return. I think that there are no reasons to become less bullish about Alibaba's long-term prospects. The company continues delivering solid revenue growth. Despite a temporary pullback in the EPS, its profitability is still strong and will help to accumulate value for shareholders. The financial position is a fortress, which is al ...

Robert Way What’s going on with the company? Management shakeup Alibaba’s last three years have been tumultuous. At this point, we believe that the firm’s previous CEO, Daniel Zhang, has been neglecting innovation and his inability to execute allowed formidable competitors like Pinduoduo (PDD) to emerge in the Chinese e-commerce space. Alibaba had to get more agile quickly, and beyond the reorganization plan that resulted in the formation of six distinct business groups, it was clear that leadership had ...

HANGZHOU, China, Sept. 4, 2024 /PRNewswire/ -- Alibaba International Digital Commerce Group ("Alibaba International") today concluded its Global E-commerce Challenge (GEC) 2024 with a global finals event in Hangzhou, China, spotlighting exceptional young innovators worldwide.2024 GEC first prize winner Team CrashCourse from Singapore Management UniversityFinalists and judges of GEC 2024Launched in 2021, the GEC aims to attract and engage young talents globally to shape the future of e-commerce. The 2024 edi ...

Though Michael Burry is best known for taking skillful short positions – as exemplified by his role in the famous ‘Big Short’ during the Great Recession – his most-discussed current trade has been his investment in Alibaba (NYSE: BABA).The two biggest drivers of interest for the BABA stock bet have been the sheer size of the position – the Chinese e-commerce giant became the top contender for the spot of the biggest holding in the portfolio during the previous quarter – and the fact that it has been teeteri ...

Taobao and Tmall will likely begin accepting payments through WeChat Pay this month, a source familiar with the matter who was not authorized to disclose the details publicly, told CNBC."We have always been open to collaborations, and have actively explored interoperability and partnerships with our peers," an Alibaba spokesperson told CNBC. "We are constantly working to enhance user experience by making shopping more convenient, enjoyable, and efficient."Previously, Alibaba's Chinese e-commerce sites only ...

Most stock market investors are often worried about one market and one market alone: the U.S. stock market and its recent developments. They often fail to recognize that today’s global economy is more connected than ever before, so what happens in one country affects other countries (and their stocks) in a big way. Today, some mega investors have begun to realize just how much upside there could be ahead for the Chinese stock market.Alibaba Group TodayBABAAlibaba Group$82.61 -0.73 (-0.88%) 52-Week Range$66. ...

Key TakeawaysChinese regulators said they had completed a three-year "rectification" of Alibaba.The e-commerce giant was fined in 2021 and took steps to address concerns about monopolistic practices.Jefferies analysts said the conclusion of the "rectification" process could represent a “new start” for the company and maintained a "buy" rating. Alibaba Group (BABA) shares traded in the U.S. gained Friday after Chinese regulators said the e-commerce giant completed a three-year “rectification” over charges it ...