BABA Gains 13.6% in 3 Months: Can AIDC Strength Drive the Stock?
BABABABA(BABA) ZACKS·2024-09-20 00:41

Alibaba (BABA) shares have gained 13.6% in the past three months, outperforming the Zacks Internet-Commerce industry’s return of 3.6%, the Zacks Retail-Wholesale sector's rise of 4.6% and the S&P 500’s rally of 2.6%.The company has been benefiting from solid momentum in the Alibaba International Digital Commerce Group (“AIDC”) business, which is comprised of Lazada, AliExpress, Trendyol, Alibaba.com, and other businesses operating in the international retail and wholesale markets.BABA’s strategic investment ...