$Alibaba (BABA.US)$$Nasdaq Composite Index (.IXIC.US)$ To be...
$Alibaba(BABA.US$ $Nasdaq Composite Index(.IXIC.US$
To be honest, Ali's earnings report is actually fraught with crisis, and revenue is basically shrinking
The growth rate of the core cloud business is also declining. This is the most important point to support Ali's future valuation. Local e-commerce has been declining for a long time due to the impact of short video delivery such as Douyin and Kuaishou, and Ali laid off 8,000 employees in the second quarter
However, what worries the agency the most now is the Sino-US relationship, because the basic structure of the Internet ecosystem is still in the hands of Europe and the US. If the conflict in the Taiwan Strait escalates infinitely and Europe and the US sanction China like Russia, then Internet companies will basically cool down. This is the core reason why they are afraid to increase their positions
To be honest, Ali's earnings report is actually fraught with crisis, and revenue is basically shrinking
The growth rate of the core cloud business is also declining. This is the most important point to support Ali's future valuation. Local e-commerce has been declining for a long time due to the impact of short video delivery such as Douyin and Kuaishou, and Ali laid off 8,000 employees in the second quarter
However, what worries the agency the most now is the Sino-US relationship, because the basic structure of the Internet ecosystem is still in the hands of Europe and the US. If the conflict in the Taiwan Strait escalates infinitely and Europe and the US sanction China like Russia, then Internet companies will basically cool down. This is the core reason why they are afraid to increase their positions
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Sgtrader88 : Unfounded fears. Keep the world in mind and look ahead to the next year.