Daily BriefsTMT/Internet

TMT: Alibaba Group and more

In today’s briefing:

  • Alibaba – Virtually There

Alibaba – Virtually There

By Thomas J. Monaco

*Highlights of Investor Day: Alibaba Group (BABA.US/9988.HK) [Alibaba] held a virtual 2020 Investor Day, where it emphasized high quality growth, structural opportunities, and efficiency gains; and

*Extracting Synergies: There remains an opportunity for Alibaba cross-sell and extract synergies. Some areas of focus include: DME; Freshippo; local services/Ant Financial; Cainiao; and Alibaba Cloud. 


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