JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER.
1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
OTHER CHINA-STOCK MARKET NEWS
http://israndjer.blogspot.ca/2015/08/china-devalues-its-currency-stocks-fall.html
http://israndjer.blogspot.ca/2015/08/greece-lenders-clinch-bailout-deal.html
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
UPDATE-AUGUST 12,2015-06:16AM
CHINA FOR A SECOND DAY HAS DEVALUED ITS CURRENCY. AND ALIBABA IN CHIMA HAS LOST 90 BILLION DOLLARS THIS YEAR IN THEIR STOCKS.DOWN 35% FROM THEIR HIGH.AND ALIBABA WAS DOWN 4% ALONE YESTERDAY. THE RUMOUR HAS IT-CHINA IS DEVALUING ITS CURRENCY AS THE INTEREST RATES IN AMERICA WILL BE RAISED BY YELLEN.AND THIS ASIAN DEVALUATION IS TAKING DOWN ALL THE WORLD CURRENCY MARKETS WITH IT.SO FORGET THE NONSENSE CERN LUNACY. TODAY. THE MARKETS ARE CRASHING SLOWLY BEFORE OUR EYES. AND THE CERN LUNACY IS A GREAT DISTRACTION FOR THE END OF THE WORLD-CONSPIRACY THEORY CROWD TODAY. WHILE CHINAS CURRENCY BRINGS DOWN ALL THE WORLDS CURRENCIES.I JUST HEARD THE CHINESE BANK IS TRYING TO STOP THE YUAN FALL HARD IN THE LAST 20 MINUTES ON THE MARKETS.ITS 6:27AM AUG 12,15.ITS THE BIGGEST SELLOFF IN CHINA SINCE 1998.
China stuns financial markets by devaluing yuan for second day running-Stocks, currencies and commodities fall sharply across region as investors fear a stalling China economy and possible currency war despite Beijing’s assurances-Martin Farrer and Fergus Ryan in Beijing-Wednesday 12 August 2015 08.40 BST-THR GUARDIAN
China stunned the world’s financial markets on Wednesday by devaluing the yuan for the second consecutive day, triggering fears the world’s second largest economy is in worse shape than investors believed.The move sent fresh shockwaves through global markets, pushing shares sharply lower and sending commodity prices further into reverse as traders feared the move could ignite a currency war that would destabilise the world economy.There were widespread losses in Asia, and in Europe stock markets suffered falls of about 1%, with the FTSE 100 tumbling almost 2% at one stage.The Chinese currency hit a four-year low on Wednesday after the People’s Bank of China set the yuan’s daily midpoint even weaker than in Tuesday’s devaluation.With the bank having said that Tuesday’s move was a “one-off depreciation”, the rapid drop in the value of China’s currency – about 4% in the past two days – dealt a blow to appetite for risky assets, and markets across the region plunged amid concerns that Beijing has embarked on a damaging currency war.The unexpected yuan devaluation saw Chinese stocks slump in Hong Kong, with the Hang Seng China Enterprises Index sliding 2.6%, extending its loss this quarter to 15%. The Shanghai Composite Index lost 1% to 3,886.32 and the CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.2% to 4,016.13 points.Shares in airlines were hit particularly hard as investors feared a weaker yuan would contribute to higher fuel bills. Air China lost 4.4% while rivals China Eastern and China Southern dropped close to 6%.Contributing to the slump were worse than expected economic figures with fixed-asset investment falling short of expectations. The crucial gauge on the country’s growth came in at 11.2% for the first seven months from the same period last year, acording to official data. Economists had forecast a rise of 11.5%.China’s factory output for July also missed expectations, coming in at 6% year-on-year growth instead of the 6.6% expected. Adding to the slew of bad data was retail sales for July, which amounted to approximately 2.43tn yuan, up 10.5% from June, but also short of market expectations of a 10.6% rise.The Nikkei stock market index in Japan fell 1.6%; South Korea’s Kospi was down 0.56%.The Australian dollar, often seen as a proxy for the Chinese economy, fell again to a fresh six-year low of US$72.25c, having been sold off heavily on Tuesday. The US dollar, on the other hand, rose strongly again against all Asian currencies. Key industrial and construction materials nickel, copper and aluminium hit six-year lows.“China’s currency moves will hurt appetite for risky assets such as equities and commodities,” Rajeev De Mello, head of Asian fixed income at Schroders in Singapore, said.“While it is too early to say whether this is the beginning of a sustained devaluation of the yuan, other central banks may be forced to follow suit and that may trigger a fresh round of currency weakening around the emerging world.”Spot yuan fell to 6.43 per dollar, its weakest point since August 2011, after the central bank set its daily midpoint reference even weaker than Tuesday’s devaluation. The currency fared worse in offshore trade, touching 6.57.The central bank, which had described the devaluation as a one-off step to make the yuan more responsive to market forces, sought to reassure financial markets on Wednesday that it was not embarking on a steady depreciation.“Looking at the international and domestic economic situation, currently there is no basis for a sustained depreciation trend for the yuan,” the PBoC said on Wednesday.Tuesday’s devaluation followed a run of poor economic data and raised market suspicions that China was embarking on a longer-term slide in the exchange rate. It was the biggest one-day fall in the yuan since a massive devaluation in 1994.A cheaper yuan will help Chinese exports by making them less expensive on overseas markets. Last weekend, data showed an 8.3% drop in exports in July and that producer prices were well into their fourth year of deflation.The International Monetary Fund said China’s move to make the yuan more responsive to market forces appeared to be a welcome step and that Beijing should aim to achieve an effectively floating exchange rate within two to three years.Beijing has been lobbying the IMF to include the yuan in its basket of reserve currencies, known as Special Drawing Rights, which it uses to lend to sovereign borrowers. This would mark a major step in terms of international use of the yuan.“Greater exchange rate flexibility is important for China as it strives to give market forces a decisive role in the economy and is rapidly integrating into global financial markets,” an IMF spokesperson said.
Alibaba Is Planning Its Comeback From the World’s Biggest Wipeout of Market Value-Lulu Yilun Chen-August 11, 2015 — 7:50 AM EDT-BLOOMBERG
It took less than a year for Alibaba Group Holding Ltd. to turn from a stock-market darling into the biggest source of shareholder losses worldwide.Now, China’s biggest e-commerce operator is plotting its comeback. This week’s purchase of a stake in Suning Commerce Group Co. -- Chairman Jack Ma’s largest deal ever -- is part of the company’s push to reach millions of new customers in rural China and abroad through a bigger logistics network.Ma is counting on expansion outside China’s largest cities to offset a slowdown in sales growth that helped erase more than $90 billion of market value since Alibaba shares peaked in November. While the strategy may take time to bear fruit, Wall Street is keeping its faith before the release of Alibaba’s quarterly results on Wednesday. Share-price forecasts tracked by Bloomberg imply a 35 percent rally over the next year, the second-biggest projected return among the world’s 25 largest companies.“Rural and overseas businesses present a great opportunity, but they take time to grow,” said Li Yujie, an analyst at RHB Research Institute Sdn in Hong Kong.Alibaba’s fiscal first-quarter sales are projected to climb 33 percent, the weakest pace in at least three years, to 21 billion yuan ($3.3 billion), according to the average of 26 estimates compiled by Bloomberg. That compares with a mean growth rate of 56 percent for the previous 12 quarters.World Ranking-Alibaba shares closed Tuesday at $77.34, down 35 percent from their Nov. 10 high. While the stock is still trading above its initial public offering price in September, the company has lost the equivalent of Goldman Sachs Group Inc.’s entire market capitalization since its peak -- the world’s biggest destruction of market value. The Hangzhou-based company is now ranked 24th worldwide with a value of $194 billion.After its record $25 billion IPO and 75 percent surge in the first two months of trading, Alibaba has been hit by a succession of bad news.It faced a scathing report from the Chinese government about its business practices in January, was sued in May by the maker of Gucci handbags over claims the e-commerce platform facilitates sales of counterfeits and agreed to sell its U.S. website 11 Main two months ago amid criticism from American merchants.Perhaps most importantly, Alibaba is grappling with weak growth in larger cities as new customers become harder to find and China’s economy heads for its slowest annual expansion since 1990.Suning Deal-Despite the setbacks, Ma sees room for growth. Monday’s agreement to spend 28.3 billion yuan for a 20 percent stake in Suning Commerce adds more more than 1,600 electronics stores in about 290 cities and enables its Cainiao logistics affiliate to cover almost all of the 2,800 counties and districts in China.The acquisition is Alibaba’s biggest-ever, excluding a $7.1 billion share buyback in 2012 from Yahoo! Inc.This month, Alibaba tapped former Goldman Sachs partner Michael Evans as president to help the company reach a target of getting more than half its revenue from outside of China.Through its AliExpress platform, Alibaba has become the top shopping site in Russia and Brazil. It accounts for about half of online goods purchased in Russia, according to Maria Gracheva, the chief executive officer of Yandex Money, a payments processor for Alibaba’s online sales in Russia.Within China, Ma plans to build a delivery network that can spirit packages between 100,000 villages, which account for less than 10 percent of online purchases on Alibaba’s retail platforms.Among the 18.9 million new Internet users in China in the first half, more than 48 percent came from rural areas, according to the China Internet Network Information Center. Alibaba’s partnership with Suning will expand the company’s reach in those fast-growing areas, according to Cynthia Meng, an analyst at Jefferies Hong Kong Ltd.The deal gives Alibaba “much strengthened logistics and delivery capability, especially in lower tier markets,” Meng wrote in an Aug. 10 report. She has a buy rating on the stock, with a price target that implies 22 percent upside.
OTHER CHINA-STOCK MARKET NEWS
http://israndjer.blogspot.ca/2015/08/china-devalues-its-currency-stocks-fall.html
http://israndjer.blogspot.ca/2015/08/greece-lenders-clinch-bailout-deal.html
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
UPDATE-AUGUST 12,2015-06:16AM
CHINA FOR A SECOND DAY HAS DEVALUED ITS CURRENCY. AND ALIBABA IN CHIMA HAS LOST 90 BILLION DOLLARS THIS YEAR IN THEIR STOCKS.DOWN 35% FROM THEIR HIGH.AND ALIBABA WAS DOWN 4% ALONE YESTERDAY. THE RUMOUR HAS IT-CHINA IS DEVALUING ITS CURRENCY AS THE INTEREST RATES IN AMERICA WILL BE RAISED BY YELLEN.AND THIS ASIAN DEVALUATION IS TAKING DOWN ALL THE WORLD CURRENCY MARKETS WITH IT.SO FORGET THE NONSENSE CERN LUNACY. TODAY. THE MARKETS ARE CRASHING SLOWLY BEFORE OUR EYES. AND THE CERN LUNACY IS A GREAT DISTRACTION FOR THE END OF THE WORLD-CONSPIRACY THEORY CROWD TODAY. WHILE CHINAS CURRENCY BRINGS DOWN ALL THE WORLDS CURRENCIES.I JUST HEARD THE CHINESE BANK IS TRYING TO STOP THE YUAN FALL HARD IN THE LAST 20 MINUTES ON THE MARKETS.ITS 6:27AM AUG 12,15.ITS THE BIGGEST SELLOFF IN CHINA SINCE 1998.
China stuns financial markets by devaluing yuan for second day running-Stocks, currencies and commodities fall sharply across region as investors fear a stalling China economy and possible currency war despite Beijing’s assurances-Martin Farrer and Fergus Ryan in Beijing-Wednesday 12 August 2015 08.40 BST-THR GUARDIAN
China stunned the world’s financial markets on Wednesday by devaluing the yuan for the second consecutive day, triggering fears the world’s second largest economy is in worse shape than investors believed.The move sent fresh shockwaves through global markets, pushing shares sharply lower and sending commodity prices further into reverse as traders feared the move could ignite a currency war that would destabilise the world economy.There were widespread losses in Asia, and in Europe stock markets suffered falls of about 1%, with the FTSE 100 tumbling almost 2% at one stage.The Chinese currency hit a four-year low on Wednesday after the People’s Bank of China set the yuan’s daily midpoint even weaker than in Tuesday’s devaluation.With the bank having said that Tuesday’s move was a “one-off depreciation”, the rapid drop in the value of China’s currency – about 4% in the past two days – dealt a blow to appetite for risky assets, and markets across the region plunged amid concerns that Beijing has embarked on a damaging currency war.The unexpected yuan devaluation saw Chinese stocks slump in Hong Kong, with the Hang Seng China Enterprises Index sliding 2.6%, extending its loss this quarter to 15%. The Shanghai Composite Index lost 1% to 3,886.32 and the CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.2% to 4,016.13 points.Shares in airlines were hit particularly hard as investors feared a weaker yuan would contribute to higher fuel bills. Air China lost 4.4% while rivals China Eastern and China Southern dropped close to 6%.Contributing to the slump were worse than expected economic figures with fixed-asset investment falling short of expectations. The crucial gauge on the country’s growth came in at 11.2% for the first seven months from the same period last year, acording to official data. Economists had forecast a rise of 11.5%.China’s factory output for July also missed expectations, coming in at 6% year-on-year growth instead of the 6.6% expected. Adding to the slew of bad data was retail sales for July, which amounted to approximately 2.43tn yuan, up 10.5% from June, but also short of market expectations of a 10.6% rise.The Nikkei stock market index in Japan fell 1.6%; South Korea’s Kospi was down 0.56%.The Australian dollar, often seen as a proxy for the Chinese economy, fell again to a fresh six-year low of US$72.25c, having been sold off heavily on Tuesday. The US dollar, on the other hand, rose strongly again against all Asian currencies. Key industrial and construction materials nickel, copper and aluminium hit six-year lows.“China’s currency moves will hurt appetite for risky assets such as equities and commodities,” Rajeev De Mello, head of Asian fixed income at Schroders in Singapore, said.“While it is too early to say whether this is the beginning of a sustained devaluation of the yuan, other central banks may be forced to follow suit and that may trigger a fresh round of currency weakening around the emerging world.”Spot yuan fell to 6.43 per dollar, its weakest point since August 2011, after the central bank set its daily midpoint reference even weaker than Tuesday’s devaluation. The currency fared worse in offshore trade, touching 6.57.The central bank, which had described the devaluation as a one-off step to make the yuan more responsive to market forces, sought to reassure financial markets on Wednesday that it was not embarking on a steady depreciation.“Looking at the international and domestic economic situation, currently there is no basis for a sustained depreciation trend for the yuan,” the PBoC said on Wednesday.Tuesday’s devaluation followed a run of poor economic data and raised market suspicions that China was embarking on a longer-term slide in the exchange rate. It was the biggest one-day fall in the yuan since a massive devaluation in 1994.A cheaper yuan will help Chinese exports by making them less expensive on overseas markets. Last weekend, data showed an 8.3% drop in exports in July and that producer prices were well into their fourth year of deflation.The International Monetary Fund said China’s move to make the yuan more responsive to market forces appeared to be a welcome step and that Beijing should aim to achieve an effectively floating exchange rate within two to three years.Beijing has been lobbying the IMF to include the yuan in its basket of reserve currencies, known as Special Drawing Rights, which it uses to lend to sovereign borrowers. This would mark a major step in terms of international use of the yuan.“Greater exchange rate flexibility is important for China as it strives to give market forces a decisive role in the economy and is rapidly integrating into global financial markets,” an IMF spokesperson said.
Alibaba Is Planning Its Comeback From the World’s Biggest Wipeout of Market Value-Lulu Yilun Chen-August 11, 2015 — 7:50 AM EDT-BLOOMBERG
It took less than a year for Alibaba Group Holding Ltd. to turn from a stock-market darling into the biggest source of shareholder losses worldwide.Now, China’s biggest e-commerce operator is plotting its comeback. This week’s purchase of a stake in Suning Commerce Group Co. -- Chairman Jack Ma’s largest deal ever -- is part of the company’s push to reach millions of new customers in rural China and abroad through a bigger logistics network.Ma is counting on expansion outside China’s largest cities to offset a slowdown in sales growth that helped erase more than $90 billion of market value since Alibaba shares peaked in November. While the strategy may take time to bear fruit, Wall Street is keeping its faith before the release of Alibaba’s quarterly results on Wednesday. Share-price forecasts tracked by Bloomberg imply a 35 percent rally over the next year, the second-biggest projected return among the world’s 25 largest companies.“Rural and overseas businesses present a great opportunity, but they take time to grow,” said Li Yujie, an analyst at RHB Research Institute Sdn in Hong Kong.Alibaba’s fiscal first-quarter sales are projected to climb 33 percent, the weakest pace in at least three years, to 21 billion yuan ($3.3 billion), according to the average of 26 estimates compiled by Bloomberg. That compares with a mean growth rate of 56 percent for the previous 12 quarters.World Ranking-Alibaba shares closed Tuesday at $77.34, down 35 percent from their Nov. 10 high. While the stock is still trading above its initial public offering price in September, the company has lost the equivalent of Goldman Sachs Group Inc.’s entire market capitalization since its peak -- the world’s biggest destruction of market value. The Hangzhou-based company is now ranked 24th worldwide with a value of $194 billion.After its record $25 billion IPO and 75 percent surge in the first two months of trading, Alibaba has been hit by a succession of bad news.It faced a scathing report from the Chinese government about its business practices in January, was sued in May by the maker of Gucci handbags over claims the e-commerce platform facilitates sales of counterfeits and agreed to sell its U.S. website 11 Main two months ago amid criticism from American merchants.Perhaps most importantly, Alibaba is grappling with weak growth in larger cities as new customers become harder to find and China’s economy heads for its slowest annual expansion since 1990.Suning Deal-Despite the setbacks, Ma sees room for growth. Monday’s agreement to spend 28.3 billion yuan for a 20 percent stake in Suning Commerce adds more more than 1,600 electronics stores in about 290 cities and enables its Cainiao logistics affiliate to cover almost all of the 2,800 counties and districts in China.The acquisition is Alibaba’s biggest-ever, excluding a $7.1 billion share buyback in 2012 from Yahoo! Inc.This month, Alibaba tapped former Goldman Sachs partner Michael Evans as president to help the company reach a target of getting more than half its revenue from outside of China.Through its AliExpress platform, Alibaba has become the top shopping site in Russia and Brazil. It accounts for about half of online goods purchased in Russia, according to Maria Gracheva, the chief executive officer of Yandex Money, a payments processor for Alibaba’s online sales in Russia.Within China, Ma plans to build a delivery network that can spirit packages between 100,000 villages, which account for less than 10 percent of online purchases on Alibaba’s retail platforms.Among the 18.9 million new Internet users in China in the first half, more than 48 percent came from rural areas, according to the China Internet Network Information Center. Alibaba’s partnership with Suning will expand the company’s reach in those fast-growing areas, according to Cynthia Meng, an analyst at Jefferies Hong Kong Ltd.The deal gives Alibaba “much strengthened logistics and delivery capability, especially in lower tier markets,” Meng wrote in an Aug. 10 report. She has a buy rating on the stock, with a price target that implies 22 percent upside.
