Today Alibaba reported results that were very good, and it is clear that the company is still doing well. Shares rose 14% after the results. I bought the stock at the beginning of the year and am currently over 50% in profit, which makes me quite happy.
What do you think of $BABA'sresults ?
I don't invest in China. $BABA is growing solidly, but I just don't like the politics and their system.
I have a smaller position and obviously the company has recovered and is starting to grow.
Revenue +8%
Cloud Intelligence +13%
Non-GAAP EPS +13%
FCF -31%
This is really nothing to write home to my mom about;)