Alibaba (BABA -3.88%) released its latest set of quarterly results late Wednesday, and investors reacted by trading the big Chinese company's stock down the following day. Across that trading session the price of its American depositary shares (ADSes) declined by almost 4%, against an essentially flat-lining S&P 500 index.Fourth-quarter revenue rose, adjusted net income dippedFor its fourth quarter, Alibaba posted total revenue of just over 260.3 billion yuan ($36.56 billion), which was up by 5% year over y ...

Chinese flagship company Alibaba (NYSE:BABA) — which specializes in e-commerce, internet solutions and technology — suffered a sizable hit on Thursday. Analysts at Macquarie cast doubt on BABA stock as they believe its forward earnings potential is limited. Struggling for traction since late 2020, all eyes center on the Chinese consumer economy. As well, investors need to see evidence that Alibaba can pivot to Southeast Asia.According to a Seeking Alpha report, Macquarie downgraded BABA stock to “neutral,” ...

Michael Burry made a name for himself by making a bet of a lifetime after successfully foreseeing the 2008 financial crisis and became a household name after the release of ‘The Big Short’ film depicting the events.After successfully shorting the housing market a decade and a half ago, Burry has been an intermittently active investor, and to this day, his portfolio holds several well-performing gems with the potential to skyrocket even higher.One investment has, however, been mostly contentious – the Chines ...

Key PointsAlibaba stock is selling off on its latest earnings report this morning, but there is a major misunderstanding.Guys like Ray Dalio and Jim Rogers understand that analysts will likely boost their price targets based on THIS.Management just changed the entire game for the future of this stock; it could be your easiest buy this year5 stocks we like better than NVIDIAEvery once in a cycle, investors look back and wish they had jumped on those opportunities that seemed 'too good to be true' at the time ...

The previous month for Alibaba (NYSE: BABA) stock brought slight gains driven by the news of the purchase of shares of its co-founder, Jack Ma. However, the previous year has brought losses that clawed off almost -30% of its stock value.In its latest quarterly report, Alibaba Group Holding Ltd. has announced the approval of an additional $25 billion for stock repurchases, seeking to reassure investors worried about the growth trajectory of the Chinese e-commerce giant amidst emerging competitors like PDD Ho ...

Shares of JD.com (JD -4.40%), the Chinese e-commerce giant, were falling again today. This time, it was in response to a disappointing earnings report from Alibaba (BABA -5.87%), its close competitor and peer.As of 1:19 p.m. ET, JD stock was down 4.5%, while Alibaba stock had fallen 6.4%. China is still weakInvestors were hoping that Alibaba's December quarter would give investors a reprieve from a brutal sell-off in Chinese tech stocks, but that was not the case. Instead, Alibaba disappointed the market ag ...

Joe Tsai - Chairman Conference Call Participants Kenneth Fong - UBS Jialong Shi - Nomura Good day, everyone, and welcome to Alibaba Group's December quarter 2023 results conference call. With us are Joe Tsai, Chairman; Eddie Wu, Chief Executive Officer; Toby Xu, Chief Financial Officer. We have also invited Jiang Fan, CEO of Alibaba International Digital Commerce Group, AIDC, to join the call. This call is also being webcasted on the IR section of our corporate website. A replay of the call will be availabl ...

In this video, I will talk about Alibaba (BABA -5.98%), review its recent earnings report, and talk about why the stock is down despite the company increasing its share repurchase program by $25 billion, bringing the total to $35 billion. This means the company could retire around 18% of its shares in the next three years.*Stock prices used were from the trading day of Feb. 6, 2024. The video was published on Feb. 7, 2024. ...

Chinese e-commerce and cloud giant Alibaba (NYSE:BABA) reduced its workforce by about 20,000 employees during 2023, which the company reported in conjunction with its fiscal third-quarter earnings this morning. Alibaba also noted that it increased how much BABA stock it can buy back by $25 billion.As of the end of 2023, Alibaba’s workforce consisted of 219,260 individuals. That’s compared to nearly 240,000 employees at the end of 2022. As Bloomberg reports, in 2023, Alibaba “reduced headcount by roughly the ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The Alibaba logo is seen outside a building in Beijing on Nov. 16, 2021. Alibaba Group Holding on Wednesday, Feb. 7, 2024, approved an additional $25 billion addition to its share buyback program, amid lower-than-expected sales revenue for the last quarter of 2023.Credit: AP Photo/Ng Han Guan, File Chinese e-commerce firm Alibab ...