From NASDAQ.: 2024-07-11 12:29:00

Alibaba is enhancing its Alibaba International Digital Commerce Group (AIDC) segment using AI, targeting the $4.12 trillion global e-commerce market in 2024. This includes AliExpress and Alibaba.com. The company faces competition from Amazon, eBay, and JD.com but aims to maintain growth through generative AI efforts and strategic investments.

There is a significant opportunity for growth in the U.S. infrastructure sector, with trillions set to be spent on rebuilding and repairs. Investors can capitalize on this trend by identifying key stocks early on. Zacks Investment Research offers a free report on 5 companies poised to benefit from this massive infrastructure spending.

Alibaba’s shares have underperformed compared to industry peers like Amazon and eBay in the year-to-date period. Despite this, the company is focusing on generative AI efforts and strategic investments to drive future growth. The Zacks Consensus Estimate for 2025 revenues showcases a potential year-over-year growth of 6.2%, demonstrating Alibaba’s continued focus on expansion and innovation.



Read more at NASDAQ.: Alibaba’s (BABA) Generative AI Efforts to Boost AIDC Segment