Jack Ma Urges Alibaba to Embrace Competition, Highlights Growth Opportunities [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance
“Many of Alibaba's business face challenges and the possibility of being surpassed, but that's to be expected as no single company can stay at the top forever in any industry,” the Wall Street Journal cites Ma's internal memo. Ma's assurances came after reports indicated Alibaba Group had bagged a clean chit from the Chinese regulators after three long years that had cost the initial public offering of fintech affiliate Ant Group. Alibaba Group recently joined China's Stock Connect , which, according to Morgan Stanley, has the potential to unlock $12 billion in funds. The company reported fiscal first-quarter 2024 topline growth of 4% year-on-year to $33.47 billion, missing the analyst estimate of $34.81 billion. Net income plunged 29% Y/Y to $3.34 billion as the do
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BABA
Earnings
- 11/15/24 - Beat
BABA
Sec Filings
- 1/17/25 - Form 6-K
- 1/10/25 - Form 6-K
- 1/7/25 - Form 6-K
- BABA's page on the SEC website