【UpcomingLive】Ant Halts, Will Alibaba Further Plunge？

Happy Wednesday mooers! According to previous vote, mooers chose $Alibaba (BABA.US)$ earnings to live. With the latest news of Ant's postponed IPO, you really have made an interesing choice. Our  @moo_Live  will sync the Alibaba earnings call to moo community for Alibaba stockholders and fans to get the first-hand info, come and stay tuned!

$Alibaba (BABA.US)$ is set to report second-quarter fiscal 2021 results on Nov 5. Relying on Taobao and Tmall platforms, Alibaba occupies more than two-thirds of the Chinese e-commerce market, which is expected to expand further in the latest quarter.

Alibaba Cloud is also the focus of this financial report. Cloud computing business has gradually become the representative of Ali's comprehensive business, and its receivables have increased year by year. Therefore, the cloud computing business in the to-be-released financial report is worthy of attention.

The Ant Group, has also brought more market attention to Alibaba. Through the innovation and promotion of the financial technology field, Ant Group has become one of the core drivers of Alibaba's business. However, under the influence of supervision, the Ant Group's IPO has been postponed. Do you think that would bring uncertainty to the further development of Alibaba?

According to the consensus forecast of Bloomberg analysts, Alibaba's revenue in the latest quarter would be 155.576 billion yuan, a year-on-year increase of 30.8%; But the latest news relates to Ant Group generate a huge impact on $Alibaba (BABA.US)$ , it dropped more than 8% on Tuesday.