What’s going on? Alibaba reported surprisingly good Q2 results. What does this mean? One special thing about Alibaba is that it’s so big that at least one of its businesses is destined to thrive in any market scenario. This time, those businesses are: Taocaicai’s (fresh food platform), whose transactions value boomed by more than 200%…
Tag: alibaba
Ep 176: China announced its plan to break up Alipay and the country’s technology industry landscape
What’s going on? China announced plans to separate Alipay (payment app with more than 1 bil users). What does this mean? Alipay is considered the go-to platform for everything, from ordering food to processing payment. Its profitable lending business helped issue 10% of all China’s non-mortgage loans in 2020. Meanwhile, the Chinese government has been looking to…
Ep 77: Rally Baba
What’s Going On Here? Alibaba completed its share sale in Hong Kong, revealing $11 billion in hidden riches. What Does This Mean? Alibaba is actually already a public company: it raised a record $25 billion by selling shares in 2014. But it did so in New York rather than in the East because the Hong Kong Stock Exchange’s…
Ep 73: Kwik-E-Walmart
What’s Going On Here? Walmart thanked investors and invited them to come again with third-quarter earnings that exceeded expectations. What Does This Mean? The retailer saw its stores’ third-quarter sales rise 3.2% from a year ago – more than predicted. That marks its 21st consecutive quarter of growth, a feat no other American retail chain has achieved. …
with HT 