The market is expecting more beyond Alibaba’s Q1 performance
Posted On August 27, 2020
Alibaba’s June quarterly report has shown a robust business rebound from the effects of the pandemic to normalcy. Its revenue jumped 34% to RMB 153.75 billion year on year and the growth was mostly driven by the revival of commerce retail and the cloud computing business. However its share prices sagged 1% despite a revenue increase, indicating investors and the market are wishing for more from Alibaba as well as the rejuvenating China’s economy as the company fell short of the expected average quarterly growth, which is 40%.