2024-05-28 09:18:48 ET
Summary
- Alibaba Group Holding reported healthy results for its last financial year and declared a special dividend, enhancing its value proposition.
- The company saw stronger sales growth and is ramping up stock repurchases, making it more attractive to investors.
- Alibaba's cloud segment is performing well and the company is investing in AI products, promising long-term growth potential.
Alibaba Group Holding ( BABA ) broke out to the upside in April and May which was supported by the Chinese eCommerce giant reporting healthy results for its last financial year....
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Alibaba: A Stock Buyback King In The Making