Home › View all posts by Yourmoneypal › Page 11

Author: Yourmoneypal

Who is the largest shareholder of iQIYI (IQ)? Is the stock worth buying?

Posted on by

IQIYI (stock ticker symbol: IQ) is China’s leading video streaming platform, which is quite popular among Chinese audiences. The company is already listed on NASDAQ in the United States, so who is iQIYI’s controlling shareholder? How is the company’s financial performance? Is the IQIYI stock worth a buy?

According to iQIYI’s 2018 annual report and public information online, the controlling shareholder of iQIYI is Baidu (BIDU), a famous Chinese Internet technology company. Baidu, the parent company of iQIYI, holds about 56.6% shares of iQIYI and 92.9% voting power of iQIYI. IQIYI’s second and third largest shareholders are Xiaomi, Hillhouse Capital.

In terms of business performance, iQIYI’s has not been doing so well. During the past three years (from 2016 to 2018), iQIYI has suffered losses for three consecutive years, and the losses have been increasing year by year. In 2018, iQIYI’s net loss was 9.1 billion yuan.

Reference link:

IQIYI 2018 financial report (annual report)

How much does it cost to trade stocks on E*TRADE?

Posted on by

E*TRADE is an established broker in the United States, and if you plan to open an account in E*TRADE for trading stocks, you need to know about the broker’s commission (ie., the trading fee).

So what is the latest transaction fee for E*TRADE? According to the latest information on E*TRADE official website, at present, for each trade, the broker will charge 6.95 U.S. dollars. However, the $6.95 charge is for users who are not very active in trading. According to E*TRADE, if the number of trades per quarter is less than 30, then the charge will be $6.95.

However, If you trade more than 30 times per quarter, you can enjoy a more favorable Commission: $4.95 per trade. Compared to the emerging Chinese Internet stockbrokers, such as Tiger, snow, this fee is not cheap. However, after all, E*TRADE is one of the top stockbrokers in the United States, which says a lot about the broker. E*Trade offers easy to use functions, a wide range of investment tools, and their customer service is of high quality.

In addition, E*TRADE offers commission-free trading of up to 250 ETFs, which is also quite attractive.

Reference Links:

Https://us.etrade.com/what-we-offer/pricing-and-rates

Where is Luckin Coffee listed? What’s the stock ticker symbol? Has it turned a profit?

Posted on by

Luckin Coffee, founded in 2017, is a newly emerging coffee chain brand in China. Its founder is Jenny Qian Zhiya, a former Shenzhou Youche Group COO. Over the past 1-2 years, Luckin coffee brand has rapidly gained popularity in the Chinese domestic market and gotten a lot of exposure among the country’s social media platforms through aggressive marketing promotions (including inviting top actress Tang Wei, actor Zhang Zhen to endorse the brand, etc.) and rapid physical store expansion strategy.

So is Luckin Coffee a public company? Where is it listed? What is its stock ticker symbol? What are company’s revenue and profit data? Let’s take a quick look.

According to publicly available information, Luckin Coffee is currently listed on Nasdaq, USA. The stock trading symbol is LK. The company plans to raise around $500 million through an IPO. In financial year 2018, the annual revenue of Luckin Coffee was about 840 million RMB. However, so far, Luckin Coffee has not yet made a profit. Its net profit in 2018 was negative, with a loss of 1.6 billion RMB.

related links:

http://www.luckincoffee.com/

https://en.wikipedia.org/wiki/Luckin_Coffee

https://investorplace.com/2019/05/luckin-coffee-ipo-15-things-for-investors-to-know-about-lk-stock/

Who is the largest shareholder of Alibaba (BABA)?

Posted on by

Alibaba Group (US stock ticker symbol: BABA) is one of the most influential Internet tech giants in China. It is registered in the Cayman Islands and has been listed in the United States. Many people think that Jack Ma, the founder of Alibaba, is the biggest shareholder of Alibaba, but that’s not the case.

So who is Alibaba’s largest shareholder exactly? According to Alibaba’s latest annual earnings report in 2018 (see reference link (1) ), the largest shareholder of Alibaba is SoftBank of Japan. SoftBank holds 28.8% of Alibaba’s shares, and that means 746,998,571 shares. The second largest shareholder is Altaba (formerly Yahoo!), with a 14.8% stake. Ma Yun, founder and chairman of Alibaba’s board, holds 6.4% of the company’s shares.

Reference link:

(1) http://www.usstockwatcher.com/wp-content/uploads/2018/08/Alibaba-BABA-2018-annual-report-sec-filing.pdf

(2) https://en.wikipedia.org/wiki/Alibaba_Group

(3) https://alibabagroup.com/en/about/overview

Can I really trade stocks for free with a broker like Firstrade? Is it a legit trading service?

Posted on by

At the moment, most U.S. stock brokers will charge investors a commission for trading stocks, and only a few of them, such as Robinhood, allows investors to trade stocks for free (i.e., zero fee or commission). But now you can add another online broker to the commission-free camp: Firstrade.

You heard it right, Firstrade, like Robinhood, offers a zero-commission free stock trading service to its customers. In fact, not only U.S. stocks, but U.S. ETFs, options, and mutual funds are also traded free with Firstrade.

That’s pretty huge!

Because not every one of the stock brokers can achieve this, including those famous big companies like Interactive Brokers, E*Trade, or TD Ameritrade. Some Internet based emerging stock brokers like Tiger Brokers, Snowball security have already drastically reduced stock trading commission to 1 or 2 dollars, but even these brokers don’t offer zero commission service.

If you are interested in a free stock trading broker, you should definitely check out Firstrade’s official website (see reference link (1)) for more details.

Reference link:

(1) https://www.firstrade.com

(2) https://toptradereviews.com/firstrade-review/

(3) https://www.robinhood.com