Hot Chinese ADRs Cheered up in Morning Trading Following Alibaba’s Results; Missfresh Surged Over 14% While Li Auto Gained 6%

Tiger Newspress2023-08-10

Hot Chinese ADRs cheered up in morning trading following Alibaba’s results; Missfresh Limited surged over 14% while Li Auto gained 6%.

Alibaba posted revenue of 234.16 billion yuan ($32.29 billion) in the quarter, compared with analysts' estimates of 224.92 billion yuan, according to Refinitiv data.

The latest revenue figure represents an improvement from flat to 3% growth in the past four quarters.

Revenue in the first quarter to end-June was helped by a recovery in consumer purchases on Alibaba's Taobao and Tmall marketplaces, boosted in part by the 618 shopping festival, China's second-largest online shopping event, in June.

Customer management revenue, which tracks how much merchants spend on Alibaba, rose 10% to 79.7 billion yuan, thanks to an increase in merchants' willingness to invest in advertising and higher sales during the festival.

This was the last earnings announcement under Alibaba CEO and Chairman Daniel Zhang, who will step down from the roles in September to focus on leading its cloud division.

The CEO role will be handed over to Eddie Yongming Wu, chairman of Alibaba's Taobao and Tmall Group, while Executive Vice Chairman Joseph Tsai will take over as chairman.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

10

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1166467778?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-10 21:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1166467778","market":"us","top_or_hot":-1,"title":"Hot Chinese ADRs Cheered up in Morning Trading Following Alibaba’s Results; Missfresh Surged Over 14% While Li Auto Gained 6%","media":"Tiger Newspress","content":"<html><head></head><body><p>Hot Chinese ADRs cheered up in morning trading following Alibaba’s results; <a href=\"https://laohu8.com/S/MF\">Missfresh Limited</a> surged over 14% while <a href=\"https://laohu8.com/S/LI\">Li Auto</a> gained 6%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/635539eb4ca0832e5f3f50f509761096\" tg-width=\"285\" tg-height=\"603\"/></p><p>Alibaba posted revenue of 234.16 billion yuan ($32.29 billion) in the quarter, compared with analysts&#39; estimates of 224.92 billion yuan, according to Refinitiv data.</p><p>The latest revenue figure represents an improvement from flat to 3% growth in the past four quarters.</p><p>Revenue in the first quarter to end-June was helped by a recovery in consumer purchases on Alibaba&#39;s Taobao and Tmall marketplaces, boosted in part by the 618 shopping festival, China&#39;s second-largest online shopping event, in June.</p><p style=\"text-align: start;\">Customer management revenue, which tracks how much merchants spend on Alibaba, rose 10% to 79.7 billion yuan, thanks to an increase in merchants&#39; willingness to invest in advertising and higher sales during the festival.</p><p>This was the last earnings announcement under Alibaba CEO and Chairman Daniel Zhang, who will step down from the roles in September to focus on leading its cloud division.</p><p>The CEO role will be handed over to Eddie Yongming Wu, chairman of Alibaba&#39;s Taobao and Tmall Group, while Executive Vice Chairman Joseph Tsai will take over as chairman.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot Chinese ADRs Cheered up in Morning Trading Following Alibaba’s Results; Missfresh Surged Over 14% While Li Auto Gained 6%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHot Chinese ADRs Cheered up in Morning Trading Following Alibaba’s Results; Missfresh Surged Over 14% While Li Auto Gained 6%\n</h2>\n\n<h4 class=\"meta\">\n\n2023-08-10 21:41 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hot Chinese ADRs cheered up in morning trading following Alibaba’s results; Missfresh Limited surged over 14% while Li Auto gained 6%.Alibaba posted revenue of 234.16 billion yuan ($32.29 billion) in ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PDD","symbol_name":"拼多多","start_time":0,"source_url":"","article_id":"1166467778","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166467778","pubTimestamp":1691674887,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Hot Chinese ADRs cheered up in morning trading following Alibaba’s results; $Missfresh Limited$ surged over 14% while $Li Auto$ gained 6%.Alibaba posted revenue of 234.16 billion yuan  in the quarter, compared with analysts' estimates of 224.92 billion yuan, according to Refinitiv data.The latest revenue figure represents an improvement from flat to 3% growth in the past four quarters.Revenue in the first quarter to end-June was helped by a recovery in consumer purchases on Alibaba's Taobao and ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PDD":"拼多多","BILI":"哔哩哔哩","MF":"每日优鲜","LI":"理想汽车"},"translate_title":"阿里巴巴-SW公布业绩后，热门的中国美国存托凭证在早盘交易中欢欣鼓舞；Missfresh上涨超过14%，而李汽车上涨6%","themeId":"b6251d276d524a92990b019863be720e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BILI":1.1,"LI":1.1,"MF":1.1,"PDD":1.1},"content_text":"Hot Chinese ADRs cheered up in morning trading following Alibaba’s results; Missfresh Limited surged over 14% while Li Auto gained 6%.Alibaba posted revenue of 234.16 billion yuan ($32.29 billion) in the quarter, compared with analysts' estimates of 224.92 billion yuan, according to Refinitiv data.The latest revenue figure represents an improvement from flat to 3% growth in the past four quarters.Revenue in the first quarter to end-June was helped by a recovery in consumer purchases on Alibaba's Taobao and Tmall marketplaces, boosted in part by the 618 shopping festival, China's second-largest online shopping event, in June.Customer management revenue, which tracks how much merchants spend on Alibaba, rose 10% to 79.7 billion yuan, thanks to an increase in merchants' willingness to invest in advertising and higher sales during the festival.This was the last earnings announcement under Alibaba CEO and Chairman Daniel Zhang, who will step down from the roles in September to focus on leading its cloud division.The CEO role will be handed over to Eddie Yongming Wu, chairman of Alibaba's Taobao and Tmall Group, while Executive Vice Chairman Joseph Tsai will take over as chairman.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":10,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1166467778"}