A glimpse ahead: The Chinese concept stock financial report season has begun! Tencent and Alibaba are the first to release their reports. Who is expected to sound the horn of a new round of "counterattack"?
Starting next week, a new round of financial reporting season for Chinese network technology stocks will officially begin. Star companies such as Tencent, alibaba, and Meituan will release their financial reports one after another. The capital markets once again focus on Chinese concept stocks, can this financial reporting season bring surprises to the market?
Qiantang Credit, the third domestic personal credit license holder, is acquired by ant group co., ltd., the major shareholder of the company.
Qiantang Credit officially became the third market-oriented personal credit institution approved in the country, with ant group co., ltd. holding 35% of the shares, jointly ranking as the largest shareholder with Zhejiang Tourism Investment Group Co., Ltd. Analysts believe that, unlike the operating direction of the first two approved institutions, Qiantang Credit's license is expected to be first applied internally on platforms, such as Sesame Credit and other products.
alibaba (09988.HK) investment rating and target price (table)
Alibaba (09988.HK) is expected to announce its performance for the second quarter ending in September this Friday (the 15th). The impact of macroeconomic challenges in the mainland, technical service fees affecting GMV performance, industry competition, continuous investment in platforms like Taobao's '88VIP', as well as the narrowing of losses in businesses such as Taotie and Taocai have weakened the bullish profit base. According to the compilation of forecasts from 9 brokerages, Alibaba's non-GAAP net profit for the second quarter of the fiscal year 2025 ending in September this year is expected to range between 35.311 billion and 42.415 billion RMB, compared to 40.188 billion RMB in the second quarter of the fiscal year 2024, a decrease from the previous year.
Express News | Alibaba: On November 8th, spent approximately $19.982 million to repurchase around 1.69212 million shares.
Dah Sing expects alibaba's (09988.HK) second-quarter performance forecast at the end of September (Table).
Morgan Stanley released a report at the beginning of last month, listing the performance forecast for alibaba (09988.HK) for the second quarter of the 2025 fiscal year ending in September: Performance Items │ 2025 Fiscal Year Second Quarter Forecast (Quarter ending September this year) │ Year-on-year Revenue Growth Consolidated Income │ 236.751 billion RMB │ +5.3% - Taotian Group Revenue │ 98.685 billion RMB │ +1.1% - Customer Management Revenue │ 70.378 billion RMB │ +2.5% - Cloud Intelligence Group Revenue │ 29.86 billion RMB │ +8% - Local Life Group Revenue │ 17.432 billion RMB
Express News | Alibaba Cloud releases the Qwen2.5-Coder code model for thousands of questions.