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10 Consumer Discretionary Stocks With Whale Alerts In Today's Session
Alibaba Strikes 5-Year Cloud Deal With Indonesia's GoTo, Delays Stake Divestment
Alibaba-W9 spent $59.9812 million to repurchase 5.7328 million shares.
Alibaba-W (09988) announced that it will spend $59.9812 million to repurchase 5.7328 million shares on September 16, 2024.
Nomura: Prefers Meituan-W in the e-commerce sector, holding more Tencent Holdings than Alibaba.
Morgan Stanley's research report stated that in the case of weak consumer spending, it holds a cautious attitude towards the growth of the industry's Gross Merchandise Volume (GMV). However, it maintains a constructive attitude towards stabilizing Alibaba-SW's market share through the improvement of value products, the maturity of live e-commerce, and the further penetration into lower-tier cities by integrating WeChat Pay. Morgan Stanley predicts that Alibaba's commodity trading volume will increase by 6% and 5% in the second and third fiscal quarters, respectively. At the same time, it is expected that Alibaba's Customer Management Revenue (CMR) growth in the second and third fiscal quarters will improve by 3% and 5%, respectively. The bank stated that competition is a concern for Morgan Stanley regarding Alibaba and the entire e-commerce industry.
Indonesia's GoTo to Use Cloud Services From Alibaba Cloud in a Five-year Deal
Huawei's Trifold Is Now Fetching $7,000 As Buyers Flip Apple Rival's Device On Online Marketplaces In China
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