Alibaba International Records Strong Growth, Lazada Milestone
Portfolio Pulse from The Bamboo Works
Alibaba Group's international e-commerce arm reported a 32% revenue growth, driven by strong cross-border business and innovations. AliExpress and Lazada showed significant performance improvements, with Lazada achieving its first positive EBITDA. Alibaba's stock rose 4.6% following the results.
August 21, 2024 | 3:35 pm
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Alibaba Group's international e-commerce arm reported strong 32% revenue growth, driven by cross-border business and innovations. Lazada achieved its first positive EBITDA, contributing to Alibaba's stock rising 4.6% post-results.
The strong performance of Alibaba's international arm, particularly the 32% revenue growth and Lazada's positive EBITDA, indicates robust business health and potential for future growth. This positive news likely contributed to the 4.6% rise in Alibaba's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100