@SuccesInvst:$Alibaba(BABA)$Q4 FY2022 earnings report is expected before market opens later today (26 May).Over the past year, Alibaba's performance has been adversely impacted by the economic fallout from China's Covid zero policy and Beijing's crackdown on big tech companies.Though analysts revenue is expected to grow 6.5% YOY albeit the slowest pace in 3 1/2 years, adjusted earnings is expected to fall 40.7% YOY.Hence, today's results is eagerly awaited to see whether Alibaba is able to prevent further deterioration of its financial performance.
It's not yet profitable due to other reasons such as SBC and SPAC investment?Interest rate hike should not affect them because they have no debt and has quite an amount of cash in their account.
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