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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Alibaba (BABA)
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Author: jtrau   😊 😞
Number: of 77 
Subject: SCMP Article
Date: 08/26/24 2:32 AM
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South China Morning Post (Hong Kong, owned by Alibaba as far as I know, so don't expect overly critical reporting)

scmp.com - Alibaba revenue edges billion misses estimates second quarter

a few snippets...

Wu, in the same call, voiced confidence that Alibaba Cloud’s overall revenue, excluding Alibaba-consolidated subsidiaries, will return to double-digit growth in the second half of the financial year, which ends next March. He said Alibaba will continue to improve profitability across businesses beyond e-commerce and cloud services.

“We expect most of these businesses to break even within one to two years and gradually contribute to profitability at scale,” Wu said.
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Alibaba claimed in the latest earnings report that it delivered “strong online gross merchandise value [GMV] growth year over year” for the festival, but it did not reveal overall numbers.
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“I would say that most of or probably more than half of our cloud unit’s growth is driven by AI products,” Wu said, adding AI budgets continue to grow despite a weak economy.
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Apart from in-house initiatives, Alibaba has also been pouring money into high-flying AI start-ups. It has emerged as one of the most active investors in the domestic industry, with stakes in all four of China’s so-called AI tigers – Zhipu AI, Moonshot AI, Baichuan AI, all based in Beijing, as well as Shanghai-based MiniMax.

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This community has written 77 posts about Alibaba. The article-length ones it recommended most:
Alibaba's Quarterly Report Review · 13 recs · 2024
BABA Pops on Ant News · 11 recs · 2023
Everything has a price · 8 recs · 2023
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