Alibaba Group Holding Limited @ 2023-08-16

News Title: Cramer points out stocks to watch as China’s economy slows down
Description: In the wake of China’s weaker-than-expected economic data, Jim Cramer told investors which stocks to watch.
News Sentiment: 0.022222222222222213 (Slightly Positive)

Alibaba Group Holding Limited

Sector: Consumer Cyclical

Industry: Internet Retail

Full Time Employees: 235216


Long Business Summary:

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People’s Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. It operates Taobao, a digital retail platform; Tmall, a third-party online and mobile commerce platform; Alimama, a monetization platform; and, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol, and Daraz that are e-commerce platforms; Freshippo, a retail platform for groceries and fresh goods; and Tmall Global, an import e-commerce platform. The company also operates Cainiao Network logistic services platform;, an on-demand delivery and local services platform; Koubei, a restaurant and local services guide platform; and Fliggy, an online travel platform. In addition, it offers pay-for-performance, in-feed, and display marketing services; and Taobao Ad Network and Exchange, a real-time online bidding marketing exchange. Further, the company provides elastic computing, storage, network, security, database, big data, and IoT services; and hardware, software license, software installation, and application development and maintenance services. Additionally, it operates Youku, an online video platform; Quark, a platform for information search, storage, and consumption; Alibaba Pictures and other content platforms that provide online videos, films, live events, news feeds, literature, music, and others; Amap, a mobile digital map, navigation, and real-time traffic information app; DingTalk, a business efficiency mobile app; and Tmall Genie smart speaker. The company was incorporated in 1999 and is based in Hangzhou, the People’s Republic of China.

Basic Chart

Alibaba Group Holding Limited
Alibaba Group Holding Limited

Technical Chart

Alibaba Group Holding Limited
Alibaba Group Holding Limited

Suggested Currency Pair: USD/CNY

The suggested currency pair is USD/CNY because the blog post discusses China’s economic slowdown and its impact on various stocks. The exchange rate between the US dollar (USD) and the Chinese yuan (CNY) is likely to be influenced by these developments as investors assess the effect of China’s weaker-than-expected economic data on its currency.

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