Alibaba Profits Surge as China's Recovery Continues

The transcript discusses the CEO's expectations for growth following China's reopening, highlighting merchants' eagerness to resume business. It details Alibaba's earnings recovery, driven by cost-cutting measures, including significant layoffs. The focus remains on profitability over expansion. Alibaba's market cap has rebounded significantly since October, although it still lags behind Tencent. Despite a rough month, Alibaba's shares have risen substantially from their October low, though they remain down over the past year.

What is the expected impact of China's reopening according to the CEO?

• It will cause a long-term recession.

• It will have no impact.

• It will fuel near-term growth.

• It will lead to a decline in business.

What was the percentage increase in Alibaba's profits?

• 69%

• 50%

• 30%

• 90%

What was one of the cost-cutting measures taken by Alibaba?

• Hiring more employees

• Increasing salaries

• Layoffs of about 19,000 jobs

• Expanding new business

How much value has Alibaba added back to its market cap since October's low?

• $100 billion

• $200 billion

• $50 billion

• $84 billion

Despite recent gains, how much is Alibaba still down over the last year?

• 15%

• 5%

• 10%

• 20%