Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Alibaba Group Holding    BABA

ALIBABA GROUP HOLDING (BABA)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Alibaba : Pac-12 & Alibaba Group Expand First-of-a-Kind Partnership to Bring College Sports to Chinese Audiences

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/05/2017 | 03:18pm CEST

  • Under Pac-12 Global initiative, Alibaba to distribute Pac-12 Networks content in China across linear and digital channels through 2024 and sponsor Pac-12 China Basketball Game through 2020
  • Student-athlete cultural and educational exchange and promotion of US collegiate sports model in China to continue as core missions of partnership

The Pac-12 Conference today announced an extended and expanded partnership with Alibaba Group Holding Limited (NYSE: BABA) that includes for the first time distribution of Pac-12 Networks content across linear and digital channels by Alibaba through 2024 along with an extension of their sponsorship of the annual Pac-12 China Basketball Game through 2020. The partnership is at the core of Pac-12 Global, an initiative launched in 2011 to expand the reach of its 12 universities through live events and innovative content distribution, and enhance the experience of student-athletes through sporting and cultural exchange.

Alibaba Group has been working with the Pac-12’s international arm, Pac-12 Global, since 2015 to provide student-athletes with unprecedented academic and cultural experiences in China and to sponsor an annual regular season basketball game in Shanghai. This partnership extension will see Alibaba now also distribute 175 live Pac-12 Networks events annually throughout China on its various platforms, expanding the reach of Pac-12 universities content and brands and further cementing the Pac-12’s uniquely global vision of college sports.

“Expanding global fan interest in our conference and member universities through sport, along with providing unique international opportunities for our student-athletes, are at the core of our Pac-12 Global initiative,” said Larry Scott, Commissioner of the Pac-12 Conference. “In Alibaba we have found the perfect partner to help us achieve these goals. Alibaba’s agreement to distribute Pac-12 college sports content across its channels demonstrates their confidence in the value of our content and brand, and aligned global vision that we have for college sports and the student-athlete experience.”

”Alibaba is thrilled to extend our partnership with the Pac-12 to further realize our goal of bringing the best live sports experience as well as broadcast and streaming content to China. This partnership demonstrates our shared value with the Pac-12, that the pursuit of athletic excellence is an integral part of education,” said Joe Tsai, executive vice chairman of Alibaba Group. “We believe that Alibaba should be doing as much as we can to enhance the health, mind and well being of young people in China.”

Starting this fall sports season, Alibaba Group will annually distribute 175 live Pac-12 Networks events and 100 hours of original programming throughout Mainland China. Distribution on Alibaba’s innovative platforms, such as Youku Todou – known as “the YouTube of China,” will allow Chinese audiences to access Pac-12 Networks content conveniently and effortlessly.

Sports airing on Alibaba’s platforms will include football, men’s basketball, women’s volleyball, gymnastics, swimming, lacrosse, track & field, and beach volleyball. This will allow the Chinese audience to become familiar with a wide range of American sporting events and the Pac-12’s world-renowned universities, many of which have a significant alumni base in China.

This partnership with Alibaba will provide significant resources to support and expand Pac-12 Global’s central goal of providing Pac-12 student-athletes with sport and educational exchange experiences around the world. As has been the case for the last two years, Alibaba will host the student-athletes participating in the Pac-12 China Game at their headquarters in Hangzhou for meetings with company leadership and an educational symposium on Chinese culture, business, and the future of China’s Internet industry – what past participants describe as a once in a lifetime opportunity to understand one of the world’s most important and exciting growth markets.

The Pac-12 was the first U.S. sports league, professional or collegiate, to host a regular season basketball game in China when the University of Washington defeated the University of Texas in the inaugural Pac-12 China Game in 2015. Last year, Stanford defeated Harvard in front of a packed house in the second annual Pac-12 China Game. The third annual Pac-12 China Game will tip off the Pac-12 men’s basketball season on Saturday, Nov. 11, 2017 in Shanghai’s Baoshan Sports Center as UCLA takes on Georgia Tech. Tickets for that contest will go on sale next week.

About the Pac-12 Conference

The Conference has a tradition as the “Conference of Champions,” leading the nation in NCAA Championships in 51 of the last 57 years, with 501 NCAA team titles overall. The Conference comprises 12 leading U.S. universities: The University of Arizona, Arizona State University, the University of California-Berkeley, the University of California at Los Angeles (UCLA), the University of Colorado, the University of Oregon, Oregon State University, Stanford University, the University of Southern California, the University of Utah, the University of Washington and Washington State University. For more information on the Conference’s programs, member institutions, and Commissioner Larry Scott, go to www.pac-12.com/conference.

About Pac-12 Global

Founded in 2011, Pac-12 Global is an unprecedented effort to harness the passion and spirit of collegiate athletics to showcase the Pac-12 Conference and its member institutions around the world, while giving student-athletes access to transformative life experiences and impactful cultural exchanges. The initiative uses athletics to support the ambitious international strategies that many Pac-12 universities have embarked upon to extend their reach around the world. For more information on the initiative and its history, go to www.pac-12.com/global.

About Alibaba Group

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

- www.pac-12.com


© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALIBABA GROUP HOLDING
01:36pTECHNOGYM : Driving traffic to online
AQ
12:41pALIBABA : Knight Investment Limited – Alibaba Group Takes Stake in Focus M..
AQ
10:45aAlibaba to buy stake in advertiser
AQ
10:45aSouth Korea's Innisfree launches smart stores
AQ
10:34aAlibaba to buy stake in advertiser
AQ
10:33aAlibaba to buy stake in advertiser
AQ
10:33aSouth Korea's Innisfree launches smart stores
AQ
10:13aChina's Suning Sports raises $600 million from Alibaba, Goldman
RE
10:12aALIBABA : SoftBank Vision Fund to invest $1 billion in Chinese AI giant
AQ
06:10aALIBABA : Institutional investors can boost Chinese equities
AQ
More news
News from SeekingAlpha
07/19Alibaba leads $600M round in Suning Sports 
07/19JOURNEYING AROUND THE WORLD : Investing In Travel 
07/19How To Benefit From The Autonomous Vehicle Trend Starting As Soon As 2019 
07/19A Third Threat To Alibaba 
07/18Alibaba acquires minority stake in Chinese digital marketing giant 
Financials (CNY)
Sales 2019 394 B
EBIT 2019 119 B
Net income 2019 71 111 M
Finance 2019 208 B
Yield 2019 -
P/E ratio 2019 46,93
P/E ratio 2020 32,48
EV / Sales 2019 7,86x
EV / Sales 2020 5,50x
Capitalization 3 308 B
Chart ALIBABA GROUP HOLDING
Duration : Period :
Alibaba Group Holding Technical Analysis Chart | BABA | US01609W1027 | 4-Traders
Technical analysis trends ALIBABA GROUP HOLDING
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 47
Average target price 1 519  CNY
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Yong Zhang Chief Executive Officer & Director
John Michael Evans President & Director
Yun Ma Executive Chairman
Wei Wu Chief Financial Officer
Jian Feng Zhang Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
ALIBABA GROUP HOLDING8.65%487 798
JD.COM-10.96%53 736
EBAY-9.62%37 721
SHOPIFY INC (US)70.05%18 008
MERCADOLIBRE19.05%16 310
RAKUTEN INC-22.64%10 314