Alibaba Establishes E-Commerce Business Group. Why It Matters
0.1 billion US dollars is still not enough, reports suggest the Indonesian government hopes for apple to increase investment.
Apple has proposed to invest 0.1 billion dollars in India over the next two years in exchange for the Indonesian government lifting the sales ban on the new iPhone. However, reports on Friday indicated that the Indonesian government hopes Apple's investment will exceed this amount. According to Indonesian state media, the country's Ministry of Industry met with representatives from Apple on Thursday to discuss the proposal for Apple to invest 0.1 billion dollars within two years. It was reported that these funds would be used for a research and development center project and a professional development academy in the country. The company also plans to start manufacturing accessory product components specifically for Apple's AirPods Max beginning in July 2025. Although Apple’s
JPMorgan: Alibaba still has considerable user growth potential with revenue growth expected to accelerate.
JPMorgan recently released a report stating that Alibaba's latest financial report has boosted their confidence, indicating that Taobao is the only enterprise among China's large e-commerce platforms that still has considerable user growth potential. They believe that Alibaba's e-commerce transactions and customer management revenue are expected to accelerate in the next quarter. On November 15, Alibaba Group released its Q2 fiscal year 2025 financial report, with quarterly revenue of 236.503 billion yuan, a 5% year-on-year growth, in line with market expectations. In response, JPMorgan's report stated that the main reason for the GMV growth this quarter is the weak macro environment, and it is expected that GMV in the December quarter will
Alibaba-W spent 39.9934 million USD to repurchase 3.68 million shares on November 20.
Alibaba-W (09988) announced on November 20, 2024, to spend $39.9934 million to repurchase 3.68 million shares.
The CEO of the e-commerce business group at alibaba (09988) sent an internal letter: at 25 years old, alibaba still needs to have an entrepreneurial mindset.
On November 21, alibaba Group (09988, BABA.US) CEO Wu Yongming released an email to all employees, announcing the establishment of the alibaba e-commerce business group, which will be led by Jiang Fan and report directly to Wu Yongming.
US stocks closed: "Trump trade" resumes, with all three major indexes rising together. The Dow rose 1%.
① The three major indices collectively rose, with the Dow Jones up 1%; ② Most large technology stocks fell, with Google dropping nearly 5%; ③ Most china concept stocks fell, with pdd holdings down more than 10%.
