2024-02-08 09:22:40 ET
Summary
- Alibaba's stock is plummeting 4% despite beating revenue and EPS estimates in Q3 and increasing its buyback plan by $25 billion.
- Slow growth in the Taobao, Tmall, and Cloud segments is causing pessimism, but the Chinese government's expansionary monetary policy and potential economic recovery could benefit Alibaba.
- The International Digital Commerce segment is performing well, with a 44% increase in revenue, and other segments, such as Cainiao and Local Services, are also experiencing growth.
Alibaba's December Quarter 2023 has just been released, and at the time I am writing this article, the stock is already plummeting 4%. Apparently, within the presentation, the word "AI" was not mentioned endlessly and unrealistic market cap targets were not defined....
Read the full article on Seeking Alpha
For further details see:
Alibaba: You Can't Keep Ignoring It