2024-03-13 12:47:40 ET
Summary
- Alibaba's sales growth in Q4 2023 was only 5% YoY, raising concerns about a slowdown in growth.
- China's improving economic outlook and measures to boost consumer spending could benefit Alibaba in 2024.
- Alibaba's eCommerce segment is highly profitable and undervalued, with potential for stronger sales and profit growth in the future.
Alibaba Group Holding ( BABA ) has disappointed investors for more than three years as the Chinese economy as well as the eCommerce giant itself under-performed recovery expectations.
Alibaba’s sales growth in the fourth quarter was just 5% YoY, down from 9% YoY in September, adding to concerns about a steep growth slowdown at the eCommerce company....
Read the full article on Seeking Alpha
For further details see:
Alibaba Has Substantial Re-Rating Potential In 2024