Alibaba integrated domestic and international e-commerce businesses, appointing a new leader to welcome the most important battle.
Jiang Fan will serve as the CEO of Alibaba's new e-commerce business group.
alibaba spent $39.99 million on November 20 to repurchase 3.68 million shares.
On November 21, Ge Long Hui announced that alibaba-SW (09988.HK) spent $39.99 million to repurchase 3.68 million shares on November 20.
Express News | Zebra Intelligent Transportation, a subsidiary of Alibaba, has reduced its registered capital to 2.84 billion.
Hong Kong stocks fluctuated | The Hang Seng index fell nearly 3%, with network technology stocks generally declining. alibaba-W (09988) fell nearly 5%, marking a seven-day decline.
Heng Technology fell by nearly 3%, among its constituent stocks, the weight technology stocks generally declined, alibaba fell by nearly 5%, with the stock price temporarily in a seven-day decline. As of the time of publication, Alibaba-W (09988) fell by 4.5%, closing at 80.6 Hong Kong dollars.
JPMorgan: Alibaba still has considerable user growth potential with revenue growth expected to accelerate.
JPMorgan recently released a report stating that Alibaba's latest financial report has boosted their confidence, indicating that Taobao is the only enterprise among China's large e-commerce platforms that still has considerable user growth potential. They believe that Alibaba's e-commerce transactions and customer management revenue are expected to accelerate in the next quarter. On November 15, Alibaba Group released its Q2 fiscal year 2025 financial report, with quarterly revenue of 236.503 billion yuan, a 5% year-on-year growth, in line with market expectations. In response, JPMorgan's report stated that the main reason for the GMV growth this quarter is the weak macro environment, and it is expected that GMV in the December quarter will
Alibaba established a e-commerce business group, with Jiang Fan serving as CEO, to fully integrate the Taobao Tmall Group, International Digital Business Group, as well as 1688, Xianyu, and other e-commerce businesses.
Alibaba established the E-commerce Business Group, with Jiang Fan as CEO, will fully integrate Taobao, Tmall Group, International Digital Business Group, as well as 1688, Xianyu and other e-commerce businesses.