Why I Trimmed Alibaba Exposure But Remain Bullish
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The article discusses the author's decision to reduce exposure to Alibaba while maintaining a positive outlook. Key highlights include strong performance in Taobao and Tmall, Alibaba Cloud's growth driven by AI services, and significant growth in the AIDC segment.
November 25, 2024 | 8:00 pm
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POSITIVE IMPACT
Alibaba's Taobao and Tmall reported RMB99 billion in revenue with strong customer retention. Alibaba Cloud grew 7% due to AI services, with a significant EBITA increase. The AIDC segment saw 29% YoY growth, and AliExpress is focusing on faster delivery.
The article highlights Alibaba's strong revenue performance in key segments like Taobao, Tmall, and Alibaba Cloud, which are crucial for its growth. The positive metrics, such as the 7% growth in Alibaba Cloud and 29% YoY growth in AIDC, suggest a positive short-term impact on BABA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100