EFTA Document EFTA01457506
8 May 2015 Software & Services Alibabe Management indicated that PC-based GMV could possibly to shrink to as little as 30% of total China retail marketplace GMV as we exit the year. Entertainment a vertical focus One of the company's main vertical focuses this year will be entertainment. Management specifically referenced initiatives around: • content, e.g. Huashu, Huayu, Enlight etc set up a "content pool" for Ali Pictures (the company is a 60% shareholder) • distribution through ov
Summary
8 May 2015 Software & Services Alibabe Management indicated that PC-based GMV could possibly to shrink to as little as 30% of total China retail marketplace GMV as we exit the year. Entertainment a vertical focus One of the company's main vertical focuses this year will be entertainment. Management specifically referenced initiatives around: • content, e.g. Huashu, Huayu, Enlight etc set up a "content pool" for Ali Pictures (the company is a 60% shareholder) • distribution through ov
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EFTA Document EFTA01377946
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EFTA Document EFTA01458615
25 September 2015 FX Forecasts and Valuations: Don't throw in the towel Romania EURRON remains tightly managed by the NBR, and has effectively traded within the 4.40-4.50 range since early 2014. We do not expect a change in this managed currency regime or the EURRON range maintained by the NBR. RON remains undervalued on our fundamental valuation metrics, indicating that there is unlikely to be pressure to weaken the currency. Further, the NBR would not want to increase volatility or adver
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