---
title: "Hong Kong Stock Market Update | Alibaba's stock rises nearly 4% in early trading, set to release Q3 FY2024 earnings report."
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/107499947.md"
description: "Alibaba's stock rose nearly 4% in early trading, and as of the time of writing, it has increased by 3.96% to HKD 73.45, with a turnover of HKD 577 million. In terms of news, Alibaba will release its Q3 2024 earnings report before the US stock market opens on February 7th. For the upcoming Q3 2024 earnings report, the market generally predicts that BABA-SWR will achieve a revenue of CNY 261.724 billion, a YoY increase of 5.64%; and earnings per ADS will be CNY 14.78, a YoY decrease of 17.5%. In this quarter's performance, analysts unanimously point out that investors will focus on the effectiveness of Alibaba's low-price strategy in driving traffic and GMV growth, changes in GMV and China Merchant Retail Customer Management (CMR) gap (i.e., monetization rate), the impact of more merchants transitioning from Tmall to Taobao on commission income, the company's investment in Taotian Group, AI, and overseas business, as well as how to increase shareholder returns, company share repurchases, and dividend guidance through various means."
datetime: "2024-02-06T01:42:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/107499947.md)
  - [en](https://longbridge.com/en/news/107499947.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/107499947.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/107499947.md) | [繁體中文](https://longbridge.com/zh-HK/news/107499947.md)


# Hong Kong Stock Market Update | Alibaba's stock rises nearly 4% in early trading, set to release Q3 FY2024 earnings report.

Zhitong App learned that Alibaba (09988) rose nearly 4% in early trading. As of the time of writing, it has risen 3.96% to HKD 73.45, with a turnover of HKD 577 million.

In terms of news, Alibaba will release its Q3 2024 earnings report before the opening of the US stock market on February 7th. For the upcoming Q3 2024 earnings report, the market generally predicts that BABA-SWR will achieve a revenue of RMB 261.724 billion, a YoY increase of 5.64%; and an earnings per ADS of RMB 14.78, a YoY decrease of 17.5%.

In this quarter's performance, analysts unanimously pointed out that investors will focus on the effectiveness of Alibaba's low-price strategy in driving traffic and GMV growth, the changes in GMV and the gap between China's retail business customer management (CMR) (i.e., monetization rate), the impact of more merchants transitioning from Tmall to Taobao on commission income, the company's investment in Taotian Group, AI, and overseas business, as well as how to increase shareholder returns, company share repurchases, and dividend guidance through various means.

### 相关股票

- [BABA-WR (89988.HK)](https://longbridge.com/zh-CN/quote/89988.HK.md)
- [Alibaba (BABA.US)](https://longbridge.com/zh-CN/quote/BABA.US.md)
- [BABA-W (09988.HK)](https://longbridge.com/zh-CN/quote/09988.HK.md)

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