Shares of Alibaba are higher in pre-market trade after the Chinese tech giant delivered quarterly results that beat analyst expectations. Revenue grew 14% year-over-year as China eased its strict covid controls, but there were still some worries about sluggish demand in the country.
Earlier this year Alibaba announced plans to split into six different businesses and CEO Daniel Zhang said the reorganization is quote“beginning to unleash new energy across our businesses.”
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Download the StockPick app on Google Play Store or the App Store here: https://stockpick.onelink.me/S5nA/aboutyt
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Earlier this year Alibaba announced plans to split into six different businesses and CEO Daniel Zhang said the reorganization is quote“beginning to unleash new energy across our businesses.”
-------
StockPick is a video-sharing app that helps retail investors discover high-quality investing insights, market updates, and stock ideas.
Download the StockPick app on Google Play Store or the App Store here: https://stockpick.onelink.me/S5nA/aboutyt
Disclaimer: StockPick is not a tax advisor, broker, financial advisor, or investment advisor. The content on this channel is not intended to provide tax, legal, financial or investment advice, and nothing on the services should be constructed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. Investing in any security is subject to a number of risks.
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