BENNYLIMx
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BABA earnings beat estimates, whereas revenue declines since IPO
Claim your Earnings Season offer here by winning Rewards Points and discovering Investment Opportunities!
KEY Figures:
● Revenue was $30,689 million and declined 0.1% YoY mainly due to the softness in China commerce segment.
● Non-GAAP net income was $4,517 million, a decrease of 30% YoY, primarily due to the decrease in results of equity method investees and a decrease in adjusted EBITA.
● Net ...
Claim your Earnings Season offer here by winning Rewards Points and discovering Investment Opportunities!
KEY Figures:
● Revenue was $30,689 million and declined 0.1% YoY mainly due to the softness in China commerce segment.
● Non-GAAP net income was $4,517 million, a decrease of 30% YoY, primarily due to the decrease in results of equity method investees and a decrease in adjusted EBITA.
● Net ...
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BENNYLIMx
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Mysterious tycoons quietly transferred their positions of HK $92 billion of stock deposits back to Hong Kong.
Under the new auditing system in the US, Chinese stocks listed in the US are likely to be delisted. Including Tencent and Sense Time, large investors have gradually moved their stocks back to Hong Kong. The latest is Alibaba. "Mysterious large investors" quietly transferred their holdings to Hong Kong with a value of about HK $92 billion.
Alibab...
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BENNYLIMx
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BENNYLIMx
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China concept stocks suffered a bloodbath last year, and even giants like $Alibaba(BABA.US$ $PDD Holdings(PDD.US$ were not spared. Pinduoduo’s share price fell from a peak of $212.6 to 39.99 (as of the close on March 22, 2022), a drop of 81%. Ali's stock price plummeted from $319.32 to $103.59 (close on March 22), a drop of 68%, and the market value evaporated more than $550 billion, equivalent to more than 3 trillion yuan. Chinese concept stocks suffered a cold w...
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BENNYLIMx
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$Alibaba(BABA.US$ the Hangzhou-based e-commerce giant, upsized its share buy-back programme from US$15 billion to US$25 billion on Tuesday amid a plunge in its stock price. It is the largest buy-back in the tech giant’s history.
The programme will run for two years through March 2024, the company said in a statement. Alibaba, which owns the South China Morning Post, had announced a US$10 billion share buy-back p...
The programme will run for two years through March 2024, the company said in a statement. Alibaba, which owns the South China Morning Post, had announced a US$10 billion share buy-back p...
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BENNYLIMx
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$Alibaba(BABA.US$ $Tesla(TSLA.US$ this is the type of moon baba is mooning. Everyday up 10%. This market is irrational, at one point baba is worth $75 and its the bargain of the century as i mentioned in my previous post. Now this stock is gonna moon to 300 dollars at least
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