Alibaba Group Holding Limited (NYSE:BABA) [Trend Analysis] pretends to be active mover; stock inched down about -0.14% to trade at $96.86. Kingsoft Corp Ltd. is preparing to go head-to-head with Alibaba Group Holding Ltd. (BABA) in the rapidly growing market for cloud-computing services. Kingsoft Chief Executive Officer Hongjiang Zhang is banking on new businesses from mobile games to cloud computing to help pull the firm out of the red. Cloud services in particular are predictable to take off in coming years as Chinese corporations start to move IT onto the internet, and no one firm can own a monopoly in the market, Zhang told Bloomberg News.
During Alibaba’s recent earnings call, Vice Chairman Joseph Tsai stated that no Chinese firm could match its firepower in the space, describing some of its contenders as “pretenders.” But Zhang stated his much-smaller firm can compete head-on against Alibaba and other industry titans. In its recent quarterly report, the firm cited IDC research showing Kingsoft was the fastest-growing player in cloud services in 2015, when that business over tripled.
“In gaming and video cloud and healthcare, we are the leader, so I’m quite confident we will have our place and we’re gaining market share while increasing income,” he stated. “It’s still far from breaking even but the key point I want to make here is that break-even is not our previousity and I don’t think it’s any player’s previousity at this moment in China.”
The liquidity measure in recent quarter results of the firm was recorded 2.60 as current ratio, on the other side the debt to equity ratio was 0.27, and long-term debt to equity ratio remained 0.27. The Firm has gross margin of 66.00% and profit margin was positive 70.70% in trailing twelve months. To accommodate long-term intention, experts calculate Return on Investment of 7.20%. The firm has Profit Margin of positive 70.70%. (Read Recent [Free Analytic] Facts on NYSE:BABA and Be Updated)
Monday bloom on VisionChina Media Inc. (NASDAQ:VISN) [Trend Analysis], stock build up about 50.75% in early session as its gaining volume of 2.33 Million.
The stock showed weekly upbeat performance of 58.12%, which maintained for the month at 27.45%. Likewise, the positive performance for the quarter recorded as -4.19% and for the year was -19.60%, while the YTD performance remained at -16.70%. VISN has Average True Range for 14 days of 0.66.
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