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US English soars to 8-month high, while Alibaba (BABA) falls

By Andreas Ismar

06:26, 19 November 2021 logo at entrace of Sillicon Valley office logo at entrace of Sillicon Valley office – Photo: Shutterstock

Stocks in and Alibaba Group moved in opposite directions on Friday after the two Chinese multinational technology firms reported their earnings.

Shares of rose by 6.8% to HKD345 ($44.28) at midday in Hong Kong – their highest level since March, while Alibaba plunged to its lowest level in over six weeks, reaching HKD140, down 10.3%.

The quarterly earnings, which came after Asian trading hours on Thursday, showed strong earnings for and disappointing results for Alibaba. The US-listed stock of Alibaba fell by 11.1%, while that of rose by almost 6%.

BABA’s earnings come up short

In the three months ending September, Alibaba booked CNY200.7bn ($31.1bn) worth of revenue, rising 29% year-on-year, but missing the Refinitiv analysts’ consensus expectation of CNY204.9bn.

Its bottom line, however, fell. Non-GAAP (generally accepted accounting principle) earnings were at CNY11.20 per American depository share (ADS), down 38% year on year and below the market consensus of CNY12.36.

The decline came even as the number of active users climbed to 1.24 billion in the 12-month through September.


16,080.90 Price
+0.500% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 7.0


43,984.50 Price
-1.370% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00


0.67 Price
-0.510% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168


2,004.85 Price
-1.180% 1D Chg, %
Long position overnight fee -0.0198%
Short position overnight fee 0.0116%
Overnight fee time 22:00 (UTC)
Spread 0.50

More crucially, Alibaba lowered its revenue growth outlook for the full year ending March 2022 to 20%-23% from nearly 30% previously.

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JD books strong earnings

In contrast to Alibaba, booked an above-view revenue of CNY218.7bn in its third quarter and showed growth across retail, logistics and new businesses segments.

Non-GAAP earnings per ADS stood at CNY3.16 compared with expectations of CNY2.05.’s active users in the 12 months through to September rose by 25% year on year to 552.2 million. The company did not provide a financial outlook for the coming quarters.

Read more: Alibaba Group shares post sharp recovery from all-time low

Markets in this article

Alibaba Group Holding Limited (Extended Hours)
72.17 USD
-0.17 -0.240%
JD Inc (Extended Hours)
26.56 USD
-0.38 -1.420%
JD Inc (Extended Hours)
26.56 USD
-0.38 -1.420%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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