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Alibaba: 2 Negatives Priced In, Better Positioned For 2024
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We continue to be buy-rated on Alibaba (NYSE:BABA). We think the September quarter results and the earnings call confirm slower Y/Y revenue growth this quarter in all main segments, including Taobao and Tmall Group, Local Services Group, Cainia…
Price wars during Chinese shopping fest expose consumer woes
The logo of e-commerce app Pinduoduo is displayed next to mobile phones displaying the app, in this illustration picture taken October 25, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights
BEIJING, Nov 10 (Reuters) – A fe…
Alibaba banks on aggressive Singles Day pricing to recoup sales mojo
SHANGHAI, Oct 31 (Reuters) – China’s Alibaba (9988.HK) is pressuring merchants to offer rock-bottom prices on its marketplaces in this year’s Singles Day extravaganza, three industry sources said, as the e-commerce company seeks to bo…
JD.com shares hit record low, banks cut Q3 growth target on retail slowdown
The logo of JD.com is seen at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Florence Lo/File photo Acquire Licensing Rights
BEIJING, Oct 13 (Reuters) – Shares in Chinese e-commerce giant …