4.28 Alibaba Daily Report

Alibaba broke its price record again, and the share closed at $115.43 in the latest transaction day, it even touching $115.96 in that day. The volume also increased to $9.38 million. 

The YoY change of Alibaba is 50.03%, while the Nasdaq index just increased 26.67%.

News:

Tianyu Information (300205) is going to corporate with Alibaba in Cloud Computing and Big Data areas.

Ali Health declared it will work with Wuhan Center Hospital to create the first Internet Hospital in Hubei province.

Alibaba Group HoldingLimited today announced that it will report its unaudited financial results for the quarter and fiscal year ended March 31, 2017 before the U.S. market opens on Thursday, May 18, 2017, and will hold a conference call to discuss the financial results at 7:30 a.m.U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day.

Alibaba is facing more competition on the cloud hosting front with rival Tencent opening a data center in Silicon Valley.