Driving long-term growth while enhancing shareholder return

11 Apr 2024 CMB International Global Markets | Equity Research | Company Update Alibaba (BABA US) Driving long-term growth while enhancing shareholder return We expect Alibaba to deliver in-line-with-consensus revenue growth for 4QFY24. Although escalated investment in international business, cloud, and Taobao and Tmall (T&T) Group, as well as strategically important new businesses is likely to put some short-term pressure on margin expansion, we remain positive on Alibaba's long-term growth potential. Alib ...