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Alibaba Stock Rallied Ahead of Earnings. What Wall Street Is Betting On.

Por: MarketWatch Business November 16, 2023

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That wouldn’t be too shabby for Alibaba, especially given the context. While growth at the e-commerce and cloud-computing powerhouse has slowed as a result of weakness in China’s economy, thanks to a focus on improving efficiency and cutting costs. Investors will be hoping for a repeat in the September quarter. Optimism likely has been   (JD) on Wednesday, which beat Wall Street’s estimates for earnings and revenue. Alibaba’s American... + full article



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