Understanding the Market | Alibaba-W fell over 2% during intraday trading, reaching a nearly two-month low. Institutions indicate that there are no major surprises in the next fiscal quarter's performance

Alibaba-W's stock price fell over 2% during intraday trading, reaching a nearly two-month low, currently reported at HKD 85.85, with a trading volume of HKD 4.7556 billion. The fiscal report for the second quarter of fiscal year 2025 shows revenue of 236.503 billion yuan, a year-on-year increase of 5%; Non-GAAP net profit was 36.5 billion yuan, a year-on-year decrease of 9%. Goldman Sachs believes the quarterly results met expectations, with a slightly negative stock price reaction, mainly due to Taobao - Tmall GMV growth being lower than expected. Management is optimistic about the guidance for the third fiscal quarter, expecting CMR growth to accelerate