Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Alibaba Group Holding Ltd. ( (HK:9988) ) just unveiled an update.
Alibaba Group Holding Limited announced a proposed spin-off and separate listing of Banma Network Technology Co., Ltd. on the Main Board of the Hong Kong Stock Exchange. Banma, a former subsidiary, was deconsolidated from Alibaba in December 2024 and is now an equity method investee with Alibaba holding approximately 44.72% of its shares. The spin-off will be executed through a Global Offering, including both Hong Kong Public Offering and International Offering, with Alibaba retaining over 30% shareholding in Banma post spin-off. The proposal is subject to regulatory approvals and market conditions, and there is no assurance of its completion.
The most recent analyst rating on (HK:9988) stock is a Buy with a HK$135.00 price target. To see the full list of analyst forecasts on Alibaba Group Holding Ltd. stock, see the HK:9988 Stock Forecast page.
More about Alibaba Group Holding Ltd.
Alibaba Group Holding Limited is a global technology company primarily focused on e-commerce and cloud computing. It operates through its subsidiaries and consolidated affiliated entities.
Average Trading Volume: 83,464,417
Technical Sentiment Signal: Buy
Current Market Cap: HK$2262.7B
For a thorough assessment of 9988 stock, go to TipRanks’ Stock Analysis page.