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Alibaba shares jumped today as investors repositioned ahead of its quarterly results, where the e-commerce giant could see its first revenue decline on record but analysts expect sales to recover later this year. Earlier, the US Securities and Exchange Commission added Alibaba to a list of Chinese companies at risk of being delisted from US exchanges. On Money in the Market, Hongbin Jeong is joined by Stephanie Sim, Analyst for Chinese Corporates at CreditSights to talk about the outlook for the e-commerce giant.
See omnystudio.com/listener for privacy information.
Alibaba shares jumped today as investors repositioned ahead of its quarterly results, where the e-commerce giant could see its first revenue decline on record but analysts expect sales to recover later this year. Earlier, the US Securities and Exchange Commission added Alibaba to a list of Chinese companies at risk of being delisted from US exchanges. On Money in the Market, Hongbin Jeong is joined by Stephanie Sim, Analyst for Chinese Corporates at CreditSights to talk about the outlook for the e-commerce giant.
See omnystudio.com/listener for privacy information.
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