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Alibaba Group Holding Ltd. Sponsored ADR Stock News
PDD's Q2 earnings report revealed a shift toward high-quality brands, leading to a 30% stock price drop due to long-term margin concerns and no share buybacks. Despite market confusion, PDD's non-GAAP operating margin surpassed Alibaba's, suggesting a strategic move to challenge Alibaba's dominance soon. Management's confidence in their strategy is evident from increased merchant participation ...
Following a disappointing second-quarter earnings report, U.S.-listed shares of China-based online retailer PDD Holdings Inc - ADR (NASDAQ:PDD) are eyeing their worst day ever.
BABA's quiet reversal is already observed in the growing cloud top/ bottom-lines, as the management intensifies their AI-related capex. This is on top of Taobao and Tmall Group's moderately growing EBITA margins and increasing 88VIP members, with it implying the e-commerce platform's inherent stickiness. While we prefer a faster restructuring process, it is undeniable that the BABA stock has re...
Chinese e-commerce giant Alibaba Group Holding is converting its listing in Hong Kong to primary status from secondary on August 28, setting the stage for the company to gain wider access to investors on the mainland.
Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm.
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