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Alibaba: Geographic Diversification Can Potentially Reduce Downside Risks
BABABABA(BABA) seekingalpha.com·2024-05-30 01:17
maybefalse/iStock Unreleased via Getty Images Alibaba (NYSE:BABA) (OTCPK:BABAF) stock has failed to show a strong bullish momentum over the last few quarters. Despite the rock-bottom valuation, the stock has failed to impress Wall Street. The recent quarterly earnings show a possible silver lining which can turn the sentiment toward the stock. In the recent quarter, Alibaba reported 45% YoY revenue growth in its International Digital Commerce Group. The revenue increased from RMB 18.9 billion in the yea ...