Tuesday, September 10, 2024

Alibaba's stock rises 5%+ after being made directly accessible to mainland China investors for the first time, following an upgrade to Hong Kong primary listing (Financial Times)

Financial Times:
Alibaba's stock rises 5%+ after being made directly accessible to mainland China investors for the first time, following an upgrade to Hong Kong primary listing  —  The country's mainland retail investors are a formidable force and known for their enthusiasm for tech names



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...