Alibaba Profits Surge as China's Recovery Continues

Alibaba Profits Surge as China's Recovery Continues

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Business

University

Hard

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The transcript discusses the CEO's expectations for growth following China's reopening, highlighting merchants' eagerness to resume business. It details Alibaba's earnings recovery, driven by cost-cutting measures, including significant layoffs. The focus remains on profitability over expansion. Alibaba's market cap has rebounded significantly since October, although it still lags behind Tencent. Despite a rough month, Alibaba's shares have risen substantially from their October low, though they remain down over the past year.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the focus of Alibaba's strategy as mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the percentage increase in Alibaba's shares from October to the present?

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