On May 26, Alibaba reported 4QFY2022 revenue of RMB204 billion ($41.8 billion), up 9% y-o-y.
CGS-CIMB Research analysts Lei Yang and Hang Xu are keeping “add” on Alibaba Group after the group’s revenue for the 4QFY2022 ended March and non-GAAP net profit stood within expectations.
GAAP stands for generally accepted accounting principles.
