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Today's Research Reports on Stocks to Watch: Alibaba Group Holding Limited and Weibo Corporation

NEW YORK, NY / ACCESSWIRE / August 8, 2017 / Chinese companies Alibaba Group and Weibo both saw big gains on Monday. Shares of Alibaba soared to a close of over 3% after announcing a partnership with Marriott International Inc. that will allow Chinese consumers to book a stay via Alibaba and Alipay. Shares of Weibo closed up nearly 10% and hit an all-time new high, as the Street eagerly waits for the company's earnings release before the market open tomorrow.

RDI Initiates Coverage on:

Alibaba Group Holding Limited's shares closed up 3.59% yesterday on nearly 16 million shares traded. It was revealed on Monday that Alibaba Group has partnered up with Marriott International Inc. to serve Chinese tourists abroad. The joint venture will let Chinese travelers book rooms with Marriott hotels using Fliggy, which is Alibaba's travel service platform. Marriott's global chief commercial officer Stephanie Linnartz has said that travelers will be able to sign up for Marriott's rewards program and receive special member-only rates through Fliggy. She also remarked that Alibaba will be...


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