BABA: Online Commerce Is Leading Economic Recovery Post COVID-19; BABA’s Platform Is Enabling More Business Activities Online
As we are entering into 2Q20, the business activities in China are recovering, and BABA is taking the lead. Our data showed that many verticals’ online sales gained strong Y/Y growth in April after weakness in February and March. Of the twelve level-one verticals, about ten achieved 50% Y/Y – 153% Y/Y growth in April; for example, computer GMV grew 57% Y/Y and liquor at 58% Y/Y (Figure 5). For FY4Q20, we expect mixed results for BABA due to the negative impact from COVID-19.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.