BABA
📈 Alibaba’s total revenue grew by 8% year-over-year, reaching $38.4 billion in the quarter.
💰 The company boasts a strong net cash position of nearly $52 billion, indicating impressive financial solvency.
🌐 International business, including AliExpress and Lazada, is expanding rapidly, growing 32% year-over-year.
🚀 Alibaba Cloud is recovering its growth trajectory, driven by investments in artificial intelligence.
@invertirdesdecasa:
“The action Alibaba closed at $132.50 on February 28th in the New York Stock Exchange, with a capitalization of $315 billion. Total revenues reached $38.4 billion, growing 8% year-over-year. The adjusted EBITDA grew 4% year-over-year, with a net cash position of almost $52 billion. Taobao and Tmall showed a 9% growth. The international business is expanding, and Alibaba Cloud is recovering its growth.”
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Read more articles by the world’s top 100 analysts on Alibaba (BABA) at the following link. BABA stock.
