Throwback Thursday: Alibaba Hogs the Headlines [TheStreet.com]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: TheStreet.com
Despite the tariffs being flung back and forth between China and the U.S., Alibaba's Joseph Tsai isn't worried. Alibaba's business is focused on capturing the Chinese domestic consumption opportunity and less reliant on Chinese exports. We believe that Chinese government policy will continue to support imports into China to satisfy the rising demand of Chinese consumers, Tsai said in prepared remarks delivered at the start of the call. Tsai pointed to the fact that domestic consumption and investment account for more than 90% of GDP growth in China, and that that consumption is supported by three long-standing trends: Number one, real wage growth with more people joining the middle class. Number two, healthy household balance sheets based on high savings rates; and number three, easier access to consumer credit due to supportive government policy and innovative businesses like Ant Financial. Concluded Tsai: These are the reasons why we strongly believe that the Ch
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Sec Filings
- 4/2/24 - Form 6-K
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- 2/23/24 - Form 20-F/A
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