Alibaba's Investor Day: 5 Key Takeaways [TheStreet.com]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: TheStreet.com
There's a lot to unpack from Alibaba's ( BABA ) latest Investor Day event. Over the course of the Investor Day, which was actually a two-day event held this week in Alibaba's hometown of Hangzhou, China, departing chairman and co-founder Jack Ma, CEO Daniel Zhang and other senior Alibaba execs shared stats and outlined their company's strategic goals for major businesses. Here's a look at some of the key things that were disclosed. Full presentations from the event can be found on Alibaba's investor relations site, along with a webcast. 1. Alibaba's Taobao Marketplace Is Seeing Its Customer Base Diversify Taobao, whose sales skew more towards small and mid-sized merchants, saw an 88% annual increase in registered account sign-ups in August. A lot of that growth appears to stem from Taobao's success at winning over teenagers, older consumers and consumers living outside of China's wealthiest regions. From January to August, about 70% of Taobao's new
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