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    9988   KYG017191142

ALIBABA GROUP HOLDING LIMITED

(9988)
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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 07/30
189 HKD   -4.21%
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Alibaba : to develop self-driving trucks with logistics unit Cainiao

06/10/2021 | 12:22am EDT
Alibaba Group CTO Cheng Li attends the Global Smart Logistics Summit in Hangzhou

HANGZHOU, China/BEIJING (Reuters) - Chinese e-commerce leader Alibaba Group Holding Ltd plans to develop self-driving trucks with logistics subsidiary Cainiao, Chief Technology Officer Cheng Li said on Thursday.

Cheng also said Cainiao aims to introduce 1,000 autonomous delivery robots in China over the next year.

The announcement comes as dozens of startups, automakers and large technology firms, such as internet search leader Baidu Inc, accelerate work on self-driving vehicle systems, which are widely expected to bring a sea change to the transportation industry.

Other self-driving truck makers include U.S. firm TuSimple Holdings Inc, which listed shares in April.

(Reporting by Yilei Sun and Tony Munroe; Editing by Christopher Cushing)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -4.21% 189 End-of-day quote.-18.74%
BAIDU, INC. -1.83% 164.01 Delayed Quote.-22.74%
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Financials
Sales 2022 927 B 143 B 143 B
Net income 2022 132 B 20 464 M 20 464 M
Net cash 2022 459 B 71 070 M 71 070 M
P/E ratio 2022 28,4x
Yield 2022 -
Capitalization 3 425 B 531 B 530 B
EV / Sales 2022 3,20x
EV / Sales 2023 2,54x
Nbr of Employees 251 462
Free-Float 89,8%
Chart ALIBABA GROUP HOLDING LIMITED
Duration : Period :
Alibaba Group Holding Limited Technical Analysis Chart | 9988 | KYG017191142 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Last Close Price 1 275,38 CNY
Average target price 1 858,65 CNY
Spread / Average Target 45,7%
EPS Revisions
Managers and Directors
Yong Zhang Executive Chairman & Chief Executive Officer
John Michael Evans President & Director
Wei Wu CFO, Director & Head-Strategic Investments
Li Cheng Chief Technology Officer
Chee Hwa Tung Independent Director
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