Alibaba boosts share buyback as revenue misses estimates
Thursday, 8 February 2024
Alibaba executives expressed coolness about the near-term potential of IPOs for Cainiao logistics and Freshippo. Alibaba is considering selling consumer sector assets, including Freshippo, which has been engaged in a price war with Walmart's Sam's Club.
Alibaba executives expressed coolness about the near-term potential of IPOs for Cainiao logistics and Freshippo. Alibaba is considering selling consumer sector assets, including Freshippo, which has been engaged in a price war with Walmart's Sam's Club.
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