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What will be Alibaba's primary source of revenue growth in the next quarterly earnings report?
3
Resolution / Starting Odds
Tmall • 25%
Taobao • 25%
Cloud Computing • 25%
Other • 25%
Alibaba's official quarterly earnings report
Story
Alibaba Shares Surge 5% in Hong Kong on Plans to Increase Service Fees
Jul 29, 2024, 10:58 AM
Alibaba Group Holding Ltd. shares rose the most in two months as the company announced plans to earn more service fees from merchants. The stock climbed 5% in Hong Kong after the company revealed it will begin charging a 0.6% service fee on confirmed transactions for vendors on Tmall and Taobao, starting September 1. This move aligns Alibaba with competitors like Pinduoduo and JD.com, who already charge similar fees. The increase in service fees was confirmed by Bloomberg. The stock led gains in the Hang Seng Index (HSI).
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Cloud Computing • 25%
E-commerce Personalization • 25%
AI-Powered Logistics • 25%
Other • 25%
China • 25%
Southeast Asia • 25%
Europe • 25%
North America • 25%
Taobao • 25%
Tmall • 25%
AliExpress • 25%
Lazada • 25%
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E-commerce expansion • 25%
Cloud computing • 25%
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Increase by < 5% • 25%
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E-commerce • 25%
Cloud computing • 25%
Digital media and entertainment • 25%
Logistics and supply chain • 25%
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Acquisition of a tech company • 25%
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Partnership with another major retailer • 25%
Focusing on sustainability initiatives • 25%
E-commerce • 25%
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