Hi //
@Mainstreet_Trades:Yesterday,
$Alibaba(BABA)$ published its quarterly report, which offered the best possible pick-me-up to the weak share prices. Revenue totaled $32.1 billion, up 9% year-over-year, driven mainly by revenue growth in the China commerce segment. Highlights: 1. New customer potential:
$Alibaba(09988)$ also mentioned there are 20% new users in its Taote app who have never used its popular Taobao and Tmall app. This app may become rival of
$Pinduoduo Inc.(PDD)$ . 2. High customer retention rates: Alibaba revealed that 98% of the "annual active consumers who spend more than $1500 on Taobao and Tmall" remain active within a year. These customer bases have more than 124 million on Alibaba's platform, which is viewed as the fundamental of Alibaba by analysts. 3. Key word Certainty: Alibaba's CEO Daniel Zhang repetitively mentioned "certainty" in the earnings call. Probably in this uncertain stock market and society, it calms down everyone as Alibaba focused on this respect. (learn more about its earnings, click
https://www.alibabagroup.com/en/ir/presentations/pre220526.pdf) In addition, FOMC minutes released yesterday also contributed to the rally in the US stock markets with most of stocks going up. It gave the market confidence that recession had very low possibility. Overall, this earnings is not that good, but gives us hope. Is a temporary rebound or the long-waited reversal for investors? Share your opinions and post in our topic→
Alibaba-Temporary Rebound or Final Reversal after Regaining 2 Trln HK$ Market Cap If your posts get featured or become hot, you will have chance to win 100~500 tiger coins~
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