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Most Trending
-8.97%
-4.37%
-0.07%
+1.66%
+5.77%
Most Trending
-8.97%
-4.37%
-0.07%
+1.66%
+5.77%
Alibaba Group Holding Limited (BABA) is one of the world's largest e-commerce companies, with a market capitalization of over $250 billion. Founded in 1999 by Jack Ma, Alibaba has become a dominant player in the Chinese e- commerce market, with businesses ranging from online marketplaces to cloud computing and digital entertainment.
Despite its success, Alibaba's stock has experienced a bumpy ride in recent years. The company has faced a series of challenges, including increased regulatory scrutiny, trade tensions between the US and China, and concerns over corporate governance. These factors have all contributed to a decline in Alibaba's stock price since its peak in 2018. In its peak the stock was traded in around $300 no it's at $94.
One of the biggest challenges facing Alibaba is increased regulatory scrutiny from the Chinese government. In November 2020, Chinese regulators suspended the IPO of Alibaba's fintech subsidiary, Ant Group, just days before it was set to go public. The move was seen as a sign of Beijing's growing concerns over the power of tech giants like Alibaba and their potential impact on financial stability. This regulatory pressure has also led to an antitrust investigation into Alibaba, which resulted in a record $2.8 billion fine in April 2021.
Despite these challenges, there are still reasons to be optimistic about Alibaba's future. Today Alibaba jumped 6% in premarket trading Thursday after reporting better-than- expected earnings and revenue.
Fiscal Q3 profit rose 5% to $2.79 a share, well above the $2.37 consensus. Revenue fell 6% to $35.92 billion, slightly ahead of the $35.76 billion consensus.
“We delivered a solid quarter despite softer demand, supply chain and logistics disruptions due to impact of changes in COVID-19 measures,” Chief Executive Daniel Zhang said in a release. Alibaba anticipates “continued recovery in consumer sentiment and economic activity,” he added.
Well, we believe that there are still great potential in the company's e-commerce business Alibaba's cloud computing business is also a bright spot. Additionally, the company has a strong balance sheet.
For those willing to take on that risk, Alibaba may represent an opportunity to invest in a dominant player in the fast-growing Chinese e-commerce market.
Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
