A day after Tencent's results, we now look at $Alibaba(BABA.US)$ $BABA-SW(09988.HK)$.
All I can say from big picture, is that Alibaba is facing a different set of challenge.
Where Tencent has swiftly shown recovery and improvements, Baba's struggles are different.
Here are some notes to take note of.
1. Total revenue is up 2% YoY only
Although there are bright growth sparks for International commerce, local consumer services, and Cainiao, it was all offset by a drop...

$SPDR S&P 500 ETF(SPY.US)$ exciting cpi today

$NIO Inc(NIO.US)$ $PDD Holdings(PDD.US)$ $JD.com(JD.US)$ $Futu Holdings Ltd(FUTU.US)$ $Alibaba(BABA.US)$ $iQIYI(IQ.US)$ $Tesla(TSLA.US)$ Yesterday after powell affirm the likelihood of increasing interest rate to 75points almost a certain. The futures around the world started to react negatively to this news. It started with a -2% on Nasdaq composite.
Some people looking to buy the dip yesterday might find today the opportunity.
Some people are fathoming the end of the world.
...

$Alibaba(BABA.US)$
Mr VWAP is a joker when he still calls Alibaba a falling knife. Alibaba is in the accumulation phase. Please save this post and tell me 1 year later. Scold me and flame me if i am wrong. I am not Mr VWAP, I do not run away if I am wrong.

$BABA-SW(09988.HK)$ 127 end of day

Ping An Insurance:
H1 total revenue rmb687,788 mln vs rmb683,280 mln;
H1 gross written premiums rmb422,498 mln vs rmb445,505 mln;
H1 net profit attributable decreased 15.5% year on year to rmb58,005 mln;
will pay an interim dividend of rmb0.88 per share.
  $PING AN(02318.HK)$ 
  $Ping An Insurance(601318.SH)$