2024-06-28 10:59:55 ET
Summary
- Alibaba's stock might have stopped sliding downwards in the past quarter, but big concerns persist about the stock in the foreseeable future.
- These include a slow financial performance in China e-commerce, weak sales growth in cloud services, and questions on sustainability of international e-commerce growth.
- The withdrawal of the company's logistics division's IPO also indicates its still in flux, encouraging caution on the stock despite its still attractive market multiples.
Last month, the leadership of China’s big e-commerce company Alibaba ( BABA ) shared a letter with investors detailing its strategic direction and the operating principles to execute this strategy. The company’s focus on the long-term as one of these principles stands out right now....
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For further details see:
The 5 Challenges Alibaba Faces (Rating Downgrade)