Hidden Gem: Unveiling the Rising Star Within Alibaba's Vast Empire, and Why Investors Should Be Paying Close Attention
Alibaba is not done with its growth yet.
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Alibaba is not done with its growth yet.
Last year, the total value of goods sold during Singles Day -- also known as "Double 11" -- totaled 1.15 trillion yuan ($157.97 billion).
The largest Chinese e-commerce giant, Alibaba (NYSE: BABA and HKEX: 9988), will report its Match quarter earnings before the US markets open on 18 May.
Alibaba has lost SoftBank as its major shareholder after the Japanese giant sold off more than $7 billion worth of shares.
Alibaba announced an upcoming spinoff on Tuesday, signaling a shift in China’s tech industry. However, “Fast Money” traders aren’t so sure about the stock.