What’s Behind the Stock’s Recent Rally?
Alibaba’s (NYSE: BABA; HKEX: 9988) stock has staged an impressive rebound, climbing sharply after its latest earnings call. The numbers themselves were hardly eye-catching, but investors focused on something different.
Management stressed a new story built around cloud computing, artificial intelligence, and overseas growth.
That shift in focus gave the market a reason to take a fresh look at the company, even as challenges in its core e-commerce business remain.
Earnings Breakdown
Alibaba’s first quarter of the fiscal year ending 31 March 2026 (Q1 FY2026) results came in mixed.
Revenue was RMB 247.7 billion (US$34.6 billion), up only about 2% higher year on year.
If you take out businesses that were sold, growth looks a lot…
