阿里巴巴：Positive profitability growth of core ecommerce business likely to sustain-20250410

10 Apr 2025 CMB International Global Markets | Equity Research | Company Update Alibaba (BABA US) Positive profitability growth of core e- commerce business likely to sustain We expect Alibaba to deliver in-line-with-consensus revenue growth and adjusted EBITA for 4QFY25 (March year-end). For core domestic e-commerce business, driven by healthy GMV growth and an increase in monetization rate aided by incremental technology service fee charges and the increase in penetration of Quanzhantui, Alibaba could sus ...