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theunmouse
2021-11-18

Good for long term because they are investing in development of their business like cloud computing. Revenue is still up yoy and consumers are growing. Hold for the long term, there will be rocky days like today

Alibaba slid over 9% in morning trading as its net profit fell down 87% year-on-year

Alibaba slid over 9% in morning trading as its net profit fell down 87% year-on-year. According to

Alibaba slid over 9% in morning trading as its net profit fell down 87% year-on-year

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Hold for the long term, there will be rocky days like today","highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/876049778","repostId":1104739118,"repostType":2,"repost":{"id":"1104739118","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637245826,"share":"https://www.laohu8.com/m/news/1104739118?lang=&edition=full","pubTime":"2021-11-18 22:30","market":"us","language":"en","title":"Alibaba slid over 9% in morning trading as its net profit fell down 87% year-on-year","url":"https://stock-news.laohu8.com/highlight/detail?id=1104739118","media":"Tiger Newspress","summary":"Alibaba slid over 9% in morning trading as its net profit fell down 87% year-on-year.\n\nAccording to ","content":"<p>Alibaba&nbsp;slid&nbsp;over&nbsp;9%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;as&nbsp;its&nbsp;net&nbsp;profit&nbsp;fell&nbsp;down&nbsp;87%&nbsp;year-on-year.</p>\n<p><img src=\"https://static.tigerbbs.com/1302d69718f741a74568f53e69545e04\" tg-width=\"776\" tg-height=\"564\" width=\"100%\" height=\"auto\"></p>\n<p>According to the company's disclosure, from July to September this year, the total revenue (RMB) was 200.69 billion yuan (about 31.147 billion US dollars), a year-on-year increase of 29%, but slightly lower than the market estimate of 206.17 billion yuan, and also inferior to the previous quarter.</p>\n<p>Its&nbsp;net profit&nbsp;was&nbsp;3.377 billion yuan, down 87% year-on-year.It also announced that it would adjust its revenue guidelines for fiscal year 2022 to a year-on-year increase of 20-23%, which was previously expected to be 930 billion yuan (about 29.5%).</p>\n<p>Zhang Yong, Chairman and CEO of Alibaba Group, said: \"This quarter, Alibaba continued to invest firmly in the three strategies of domestic demand, globalization and cloud computing, laying a solid foundation for the Group to achieve long-term sustainable development. 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Alibaba Eco's global annual active consumers reached about 1.24 billion, with a net increase of 62 million in a single quarter, and is steadily moving towards the long-term goal of serving 2 billion consumers around the world. \"</p>\n<p>Wu Wei, chief financial officer of Alibaba Group, said: \"Driven by the performance of diversified businesses, the Group's revenue increased by 29% this quarter. Ali continued to invest in key strategic areas during the quarter and achieved significant growth in these young businesses.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104739118","content_text":"Alibaba slid over 9% in morning trading as its net profit fell down 87% year-on-year.\n\nAccording to the company's disclosure, from July to September this year, the total revenue (RMB) was 200.69 billion yuan (about 31.147 billion US dollars), a year-on-year increase of 29%, but slightly lower than the market estimate of 206.17 billion yuan, and also inferior to the previous quarter.\nIts net profit was 3.377 billion yuan, down 87% year-on-year.It also announced that it would adjust its revenue guidelines for fiscal year 2022 to a year-on-year increase of 20-23%, which was previously expected to be 930 billion yuan (about 29.5%).\nZhang Yong, Chairman and CEO of Alibaba Group, said: \"This quarter, Alibaba continued to invest firmly in the three strategies of domestic demand, globalization and cloud computing, laying a solid foundation for the Group to achieve long-term sustainable development. Alibaba Eco's global annual active consumers reached about 1.24 billion, with a net increase of 62 million in a single quarter, and is steadily moving towards the long-term goal of serving 2 billion consumers around the world. \"\nWu Wei, chief financial officer of Alibaba Group, said: \"Driven by the performance of diversified businesses, the Group's revenue increased by 29% this quarter. 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Alibaba slid over 9% in morning trading as its net profit fell down 87% year-on-year

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