Highlights from Jefferies' note on Alibaba Group Holding Ltd BABA.
1. Monetization gap between mobile and PC continues to narrow, driven by strong mobile traffic growth and increasing mobile ad spending.
2. We believe Alibaba’s large active user base with rising consumption power will drive long-term revenue growth.
3. Average annual spending of a user who has one year shopping experience on Alibaba’s China retail platform is approximately RMB 1,000, while users with five-year and ten-year history spend RMB15 K and RMB3 0K annually!
4. Risks: limited ability to influence corporate matters by individual shareholders and potential conflict of interest arising from the company’s corporate structure
The content above is embargoed by 90 minutes. Please consider a subscription to BenzingaPro Feed to gain Live Access to Breakfast Notes—timely color on Analyst Reports as they are released.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.