MPNGF - Alibaba Revs Up Souteast Asia Online Business Despite Limited Disclosures
Investment Thesis
Alibaba Group Holding Limited (NYSE: BABA) (Alibaba) reported total revenues of RMB 119.02 billion (US$16.65 billion) in total revenues during the second quarter ending September 30, 2019 (2Q FY 2020), up 40.0 per cent year-on-year (YoY), while net income attributable to shareholders came in at RMB 75.54 billion (US$10.15 billion), up 262.10 percent YoY during 2Q FY 2020 from RMB 20.03 billion in the previous year.
While much of the news and attention have been focused on Alibaba’s latest earnings performance, we would like to turn investor’s attention to Alibaba’s Southeast Asian