Alibaba stock grows by 80%
By MYBRANDBOOK
According to the research data analyzed and published by StockApps.com, Alibaba stock has grown 81.70% over the 12-month period ended October 19, 2020. Also, its share price has an impressive year-to-date performance (YTD) of 44.89%.
A report from Macrotrends reveals that the eCommerce giant posted a higher net income to stockholders margin than Amazon in 2019. While Amazon’s margin was 4.1%, Alibaba’s margin was 34.87%.
Alibaba revenue surged by 34% as Cloud Computing grew by 59% in Q1 FY21.
In the first quarter of fiscal 2021 (Q1 FY21), which ended on June 30, 2020, Alibaba’s revenue surged by 34% to $21.76 billion. It beat analyst expectations, the estimated revenue growth for that period was 28.8%.
Robust growth in digital retail, which accounted for 87% of Alibaba’s total revenue was part of the reason for its stunning performance. Cloud computing revenue also contributed to the growth as the segment soared by 59% year-over-year YoY. As a result, Alibaba’s net income grew by 143%.
Moreover, the number of its mobile monthly active users increased by 28 million to 874 million. Annual active consumers, on the other hand, increased by 16 million to 742 million.
Due to the massive surge in BABA stock, the Chinese eCommerce giant has a valuation of $820.01 billion as of October 19, 2020. This has significantly widened the gap between Alibaba and Tencent, its main rival in China, whose valuation is $659.73 billion according to Macro Axis.
Over the trailing one-year period, Tencent’s stock has surged by 50%. In Q2 2020, the gaming giant’s revenue soared by 29% while adjusted earnings increased by 28%. Its largest business segment, gaming, accounted for 34% of its revenue in Q2 and grew by 40%.
According to analysts’ predictions, Tencent will post a 29% growth in revenue and 31% in earnings for 2020. On the other hand, Alibaba will grow by 32% in revenue and 16% in earnings during the same period.
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
Autodesk continually pushing the boundaries in the Design and
Autodesk’s vision is of a better world designed and made for all. It inte
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
ACER INDIA PVT. LTD.
TP-LINK INDIA PVT. LTD.
MICROTEK INTERNATIONAL PVT. LTD.
SAMSUNG INDIA ELECTRONICS LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla recently made a comeb...
ICONS OF INDIA : RAJESH NAMBIAR
Rajesh leads the company’s India associates and enhances relationshi...
Icons Of India : PRATIVA MOHAPATRA
Prativa is a transformational leader with an incredible breadth of exp...
PARTNER SPEAKERS
PSU
LIC - Life Insurance Corporation of India
LIC is the largest state-owned life insurance company in India...
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
HPCL - Hindustan Petroleum Corporation Ltd.
HPCL is an integrated oil and gas company involved in refining, market...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Lal Karsanbhai, President & CEO, Emerson
Lal Karsanbhai, President and CEO of Emerson, assumed the leadership i...
Indian Tech Talent Excelling The Tech World - Vinod Dham, Founder & Executive Managing Partner, IndoUS Venture Partners
Vinod Dham, known as the “Father of the Pentium Chip,” has left an...
Indian Tech Talent Excelling The Tech World - Anirudh Devgan , President, Cadence Design
Anirudh Devgan, the Global President and CEO of Cadence Design Systems...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
