Alibaba

ByteDance's Douyin and Alibaba-owned Ele.me said on Friday they have agreed on a collaboration that will see the food delivery app establish a presence on ...

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The new partnership will allow short video viewers to directly order meals on Douyin through an Ele.me mini-app.

"Douyin's open platform is an important bridge that Douyin uses to connect users with business partners," Douyin CEO Kelly Zhang Nan said. Chinese "super-apps," ...

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Alibaba is the ecommerce market leader in China and is investing strongly into new markets and territories. Read more about BABA stock here.

For that reason, we consider it a "buy" and have allocated a significant proportion of our portfolio to it at the current price. The assumed growth in earnings of 3% at the lower end and 7% at the upper end are low by historical standards, with historical growth in adjusted net income of 18% in the period FY17-FY22. The loss actually increased in FY22 due to increased promotional spend and user acquisition costs in respect of Lazada and the cost of investments in Trendyol at a time when it is suffering from the economic situation. Should the law (or interpretation thereof) change, there is a risk that Alibaba could be required to sell or cease operations in some of its businesses in China. The company does not and has never paid any dividend, but does have a share repurchase program of up to $25 billion (RMB 103 billion). The slowing growth was due to the loss of a significant customer as well as slowing demand from customers in China's internet industry. This is a business which requires a lot of investment and has a largely fixed cost base, meaning it needs to reach a certain size to break-even. The e-commerce businesses in China continue to grow albeit at a slower rate, with growth slowing from 45% in FY21 to 18% in FY22. In addition to its operating businesses, Alibaba has a portfolio of equity (listed and private) and debt investments with a total value of RMB 239 billion as of 30 June 2022. The second is Quark which helps young users gain access to a variety of digital content and information for learning and work purposes. The platform differs from Taobao in that it charges retailers and merchants fees for setting up stores and a share of ongoing GMV, in addition to offering value-add services. Whilst there will inevitably be ongoing friction as the US learns to live in a world with a rising China, our view is that the world will ultimately continue to make progress and prosper over the long-term.