Time to Buy Alibaba Right Now?
In this video I try to answer the question many investors ask today: Is Alibaba (NYSE: BABA) stock worth buying, knowing the China risk? I will also explain what the Alibaba Group actually is, because it's a company that owns various businesses such as Taobao, Tmall, AliExpress, and many more. You can find the video below.
In Q4, Alibaba reported revenue of $28.6 billion, a 64% year-over-year increase. Operating income was negative for the first time in years as a result of the antitrust probe in China. In fiscal 2021, Alibaba generated 87% of its revenue and all of its profits from its core commerce unit, which includes its Taobao and Tmall marketplaces, brick-and-mortar stores, and cross-border and international marketplaces. It had more than 1 billion annual active consumers globally and $1.2 trillion in GMV.
Alibaba Cloud experienced robust revenue growth of 37% year over year during the March quarter. Its market share stands at 6%; for comparison, Amazon's AWS has 32%.
Source Fool.com
