BABA

Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE:BABA) is set to release its second quarter Fiscal 2023 results on November 17, before the market opens. The Street expects BABA to post an adjusted profit of $1.68 per ADS in Q2, significantly lower compared to the year-ago quarter figure of $1.74 per ADS. Meanwhile, revenue is pegged at $29.34 billion, 5.8% lower than Q2FY21 revenue of $31.15 billion. Factors Affecting Alibaba’s Performance A slew of macroeconomic headwinds, including COVID-19-related lockdowns in China, intense competition, and sluggish growth, may have impacted Alibaba’s retail sales performance during the second quarter. At the same time, U.S.
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