From Nasdaq: 2024-06-10 11:27:00

Alibaba is strengthening its Alibaba International Digital Commerce Group (AIDC) segment with partnerships with UEFA EURO 2024. In Q4 2024, AIDC generated RMB 27.45 billion. However, it faces stiff competition in the global e-commerce market from Amazon, eBay, and JD.com. Alibaba’s shares have underperformed its industry peers this year.

Alibaba’s business outlook remains positive with solid growth in its international commerce retail and wholesale businesses. Despite fierce competition, Alibaba is trading at a discount compared to industry peers. The company’s Zacks Rank is #3 (Hold). Download Zacks Investment Research’s free report on Bitcoin for insights on potential profits.



Read more at Nasdaq: Alibaba (BABA) to Boost AIDC Segment With UEFA EURO Partnership