Alibaba Group Holding Ltd. is set to report earnings Thursday for the first time since announcing a major organizational shake-up.
The Chinese e-commerce company disclosed in late March that it would be reorganizing into six business groups that would have their own chief executives and boards, as well as the ability to tap outside capital or pursue initial public offerings. The move “is a material step to unlock shareholder value,” according to Truist Securities analyst Youssef Squali, and Alibaba BABA executives may share...
Beyond delivering structural updates, Alibaba’s management should also reveal how the improving Chinese economy is impacting the business. Commentary on the June quarter will also be important, as Mizuho analyst James Lee projects that the company will then see a return to positive growth in customer management revenue, which is essentially advertising revenue.
Revenue: The FactSet consensus calls for March-quarter revenue of RMB29.97 billion, up from RMB30.28 billion a year prior.
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