Alibaba To Host Virtual 2020 Investor Day On Sep 28-30

Alibaba Group (NYSE:BABA) is hosting a virtual 2020 Investor Day on September 28-30. Speakers will include CEO Daniel Zhang, CFO Maggie Wu and other members of its senior management team. Last year, shares of Alibaba gained during the company's investor day when five-year targets for gross merchandise volume and active customers were released. The event takes place this year with Alibaba affiliate Ant Group on the verge of going public with dual IPOs split evenly between Hong Kong and Shanghai. Ant is mulling what could be the world's largest IPO, seeking to raise about $35B for a valuation of about $250B.