Alibaba: Ongoing Restructuring Is A Positive, But Not Enough
- Alibaba's restructuring continues with the formation of the Alibaba E-commerce Business Group, which will be led by Fan Jiang, which looks entirely in line with the company's focus.
- Despite restructuring efforts since last year, though, Alibaba's financials remain weak, with Q2 FY25 showing minimal revenue growth and declining adjusted EBITA.
- Market multiples are improving, however, with BABA's TTM P/E ratio dropping significantly, making the stock potentially more attractive if the trend continues.
Robert Way
China's e-commerce giant Alibaba (NYSE:BABA) took yet another step forward in the direction of restructuring last week, after appointing a new CEO last year and releasing a new strategy letter earlier this year.
It has now combined
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