🆕Macquarie has listed a new Alibaba call warrant $Alibaba MB eCW270202(MHGW.SI)$ (https://warrants.com.sg/tools/livematrix/MHGW) that costs SGD 0.029 when Alibaba trades at HKD 114.50 and will move approximately 4.5% for a 1% move in Alibaba shares
📢 $BABA-W(09988)$ reported its much anticipated 1Q earnings last night, where revenue grew 9% to RMB268.95 billion while net profit dived 75%
The revenue was driven by accelerating AI cloud growth that offset domestic macro softness
The revenue of its key cloud division - key to Alibaba's ability to monetise AI - rose 45% to RMB 48.4 billion
"AI has become Alibaba's most certain growth engine," according to CEO Eddie Wu
The company aims to recoup its surging AI investments within three years, as annualized revenue from AI products nears USD10 billion this current quarter
Meanwhile, regarding the one business unit that investors have been concerned about - its quick commerce business, Alibaba has said that it will not turn profitable until fiscal 2029, as they continue a market-share grab against rivals such as Meituan
Alibaba's ADR shares dived 6% in pre-market trading but eventually finished 1.3% higher
🔃Alibaba shares opened 2.3% higher to HKD129.20 as of 930AM but has rapidly pulled back to trade 1% lower to HKD125 within ten minutes
✴Trending Alibaba put warrant $Alibaba MB ePW261005(JCJW.SI)$ (https://warrants.com.sg/tools/livematrix/JCJW) to clock gains of 13.3% to SGD 0.017
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