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  >  SHANGHAI STOCK EXCHANGE  >  SAIC Motor Corporation    600104   CNE000000TY6

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Alibaba, Ford to cooperate in search for new retail opportunities

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2017 | 11:38am CET
FILE PHOTO: The Ford Motor Company logo is pictured at the Los Angeles Auto Show

Alibaba Group Holding Ltd (>> Alibaba Group Holding) has signed a deal with Ford Motor Co (>> Ford Motor Company) to explore cooperation in areas such as cloud computing, connectivity and retail which could involve the sale of Ford cars on Alibaba's online retail platform Tmall.

Alibaba Group Holding Ltd (>> Alibaba Group Holding) has signed a deal with Ford Motor Co (>> Ford Motor Company) to explore cooperation in areas such as cloud computing, connectivity and retail which could involve the sale of Ford cars on Alibaba's online retail platform Tmall.

Alibaba in a statement on Thursday said digital marketing-focused Alimama and operating system firm AliOS would be among subsidiaries working with Ford under the three-year agreement.

One avenue under consideration is the sale of Ford cars on Tmall, an Alibaba spokeswoman said. Reuters on Wednesday reported that Ford was planning to sign such a deal as it overhauls its China strategy to stimulate growth.

"The agreement aims to explore new ways to redefine how consumers purchase and own vehicles, as well as how to leverage digital channels to identify new retail opportunities," Alibaba said in its statement.

The Chinese e-commerce firm and U.S. automaker will initially "explore a pilot study" for new retail opportunities, Alibaba said.

Ford President and Chief Executive Officer Jim Hackett in the statement said collaborating with technology firms builds on its vision to make "smart vehicles".

Ford's China sales have been sluggish in recent months as it struggles to keep pace with rapidly changing trends, including increased demand for entry-level cars in smaller cities.

Meanwhile Alibaba is increasing its presence in the automotive sector with Banma Technologies, a partnership with SAIC Motor Corp Ltd (>> SAIC Motor Corporation Limited) developing Internet-connected cars.

(Reporting by Beijing Monitoring Desk and Brenda Goh in SHANGHAI; Additional Reporting by Norihiko Shirouzu; Editing by Sherry Jacob-Phillips and Christopher Cushing)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SAIC MOTOR CORPORATION
01/17 EXCLUSIVE : GM, DHL use a Chinese plant to lead manufacturing change
01/17 Exclusive - GM, DHL use a Chinese plant to lead manufacturing change
01/09 Intel says Mobileye's autonomous driving tech to be used in two million vehic..
01/09 Intel says Mobileye's autonomous driving tech to be used in 2 million vehicle..
2017 Alibaba, Ford to cooperate in search for new retail opportunities
2017 Alibaba, Ford to cooperate in search for new retail opportunities
2017 GENERAL MOTORS : GM's China Brand Surges -- WSJ
2017 SAIC MOTOR : Correction to article on GM's sales in China
2017 GENERAL MOTORS : As GM's Sales Rise in China, So Do Its Risks
2017 SAIC-GM TO RECALL 806,367 VEHICLES I : quality watchdog
More news
Financials ( CNY)
Sales 2017 843 B
EBIT 2017 25 059 M
Net income 2017 35 246 M
Finance 2017 66 855 M
Yield 2017 5,22%
P/E ratio 2017 10,87
P/E ratio 2018 9,85
EV / Sales 2017 0,38x
EV / Sales 2018 0,34x
Capitalization 384 B
Chart SAIC MOTOR CORPORATION
Duration : Period :
SAIC Motor Corporation Technical Analysis Chart | 600104 | CNE000000TY6 | 4-Traders
Technical analysis trends SAIC MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 33,5  CNY
Spread / Average Target 1,9%
EPS Revisions
Managers
NameTitle
Zhi Xin Chen President, Director & Deputy Party Secretary
Hong Chen Chairman
Baiping Bian Chairman-Supervisory Board
Yong Wei Chief Financial Officer
Xin Ping Cao Head-Commercial Vehicle Technology
Sector and Competitors
1st jan.Capitalization (M$)
SAIC MOTOR CORPORATION2.47%59 943
MARUTI SUZUKI INDIA-4.11%44 133
FIAT CHRYSLER AUTOMOBILES31.12%36 791
BYD COMPANY LIMITED--.--%26 155
GUANGZHOU AUTOMOBILE GROUP CO LTD-5.79%24 362
FERRARI15.38%22 855