Revenue below expectations, net profit fell 66.3%, shares have already started to fall. Consumption in China is changing.
Os chinese are go shopping less. Whether physically or online.
There is an obvious crisis in the real estate sector, there is widespread concern about income – and the “appetite” for consumption has decreased.
A Alibaba tried: it invested a lot in discounts and faster delivery times, in its fight for market share. But investments did not yield what was expected.
The company did not distribute dividends. O performance in the third fiscal quarter it was below analysts’ expectations, disappointing investors, reinforces the .
Specific numbers: a revenue until increased 1.7%, reaching R$35 billion. But the net profit fell sharply (-66.3%) to less than 2 million euros.
His and actions They have also fallen: almost 4% in the USA, in pre-market negotiations.
A competition in Chinese e-commerce has intensified significantly in recent times, especially among Alibaba, JD.com and Meituan.
Not segment two lower prices, Alibaba also faces competition from PDD Holdings, the parent company of Pinduoduo, and the video application Douyin, owned by ByteDance.
Furthermore, Alibaba is accelerating the strategic transition to artificial intelligence and cloud computing, with multimillion-dollar investments to develop its own models and infrastructure.
