Report
R.J. Hottovy
EUR 100.00 For Business Accounts Only

Alibaba GMV/Revenue Trends Reflect Uneven China Macro Picture, but We Still See Long-Term Potential

Heading into Alibaba's fourth-quarter update, our attention was focused on recent concerns regarding negative trade war headlines and China's overall macro environment, and how these factors would impact its full-year fiscal 2020 outlook. We've long thought that Alibaba and the network effect that underpins our wide moat rating would insulate its business model from macro headwinds, and we see China's recent retail sales deceleration as more of a consumer confidence issue than structural changes...
Underlying
Alibaba Group Holding Ltd. Sponsored ADR

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
R.J. Hottovy

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