Investors weren t loving the quarterly report Thursday from Alibaba (
The drop came despite better-than-expected revenue but a miss on profit expectations. Management also provided full-year revenue estimates that were ahead of analysts’ expectations.
For many investors, they likely expected those results to give the stock a lift, particularly as shares have struggled to gain upside traction.
Coming into the report, Alibaba stock was down about 31% from the highs.
About a month ago, Alibaba was handed down a record fine from Chinese regulators. However, the fine was smaller than investors were expecting and Alibaba was bid higher as a result.
Bulls enjoyed the news, hoping it would put the company’s regulatory issues in the rearview mirror. While that may be true, the stock isn’t trading much better.
From shopping to working to learning, digital became the way people not only stayed connected, but also shopped. Online global commerce is skyrocketing as a result. Here are the numbers and what retailers need to focus on to innovate in the new normal.
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Great Singapore Sale teams up with Lazada; says move is timely amid return to Phase 2 restrictions Toggle share menu
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Great Singapore Sale teams up with Lazada; says move is timely amid return to Phase 2 restrictions
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Great Singapore Sale teams up with Lazada; says move is timely amid return to Phase 2 restrictions
People are seen wearing face masks in Orchard Road, Singapore on Jan 28.
12 May 2021 01:40PM) Share this content
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SINGAPORE: The Great Singapore Sale (GSS) will team up with online shopping platform Lazada this year – a move that its organisers said is “timely” amid the country’s return to stricter COVID-19 measures and a transformed retail scene.