3 Reasons to Avoid Alibaba (NYSE:BABA) Stock
November 18 2022 - 04:03AM
TipRanks
Alibaba (NYSE:BABA) recently
delivered better-than-expected September quarter
earnings. Following the announcement, this Chinese internet giant’s
ADS (American Depositary Share) closed 7.8% higher on November 17.
However, challenges stemming from macro weakness in China,
regulatory headwinds, and a slowdown in its growth continue to
persist, which is why investors should be cautious before investing
in BABA stock. Let’s Get Into the Details Alibaba’s top line
inched up 3% in the September quarter. However, what catches the
eye is the 7% decline in customer management revenue. A drop in
customer management revenue reflects softer consumption trends and
increased competitive headwinds.
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Alibaba (NYSE:BABA)
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