Alibaba's Adjustments for Economic Uncertainty Should Unlock Longer-Term Monetization Opportunities
While uncertainty about China and global macro conditions continue to weigh on wide-moat Alibaba, second-quarter revenue growth of 54% reinforces the resiliency of the firm's business model, regardless of economic backdrop. Share price appreciation may be difficult until U.S.-China trade tensions subside, but we believe investors should focus on three positives from the quarter.First, Alibaba has developed a sensible game plan for difficult macro conditions, including the temporary suspension o...
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