Report
R.J. Hottovy
EUR 101.80 For Business Accounts Only

Alibaba's Core Platform Healthy, With New Retail and Ant Offering Future Monetization Potential

In a busy third quarter--even by Alibaba standards--we believe investors should hone in on three takeaways: (1) Alibaba's core commerce platform remains strong, augmented by "new retail" and other innovations; (2) current investments will continue to weigh on near-term margins but should open up future monetization opportunities; and (3) Alibaba's decision to acquire a 33% stake in longtime affiliate Ant Financial fits in with other customer acquisition and growth strategies.
The market is resp...
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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