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BABA Jun 2024 72.000 call
| Previous close | 3.0100 |
| Open | 2.7300 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 72.00 |
| Expiry date | 2024-06-28 |
| Day's range | 2.7300 - 3.0100 |
| Contract range | N/A |
| Volume | |
| Open interest | 81 |
- South China Morning Post
Alibaba denies talks to sell Lazada's Thailand unit as it eyes continued global expansion
Southeast Asian online shopping giant Lazada Group has refuted a report that parent company Alibaba Group Holding is planning to sell its Thailand unit, as China's largest e-commerce conglomerate eyes overseas expansion amid a domestic economic slowdown. "Lazada Group is not considering any divestment of our business in Thailand and is not in discussion with any investors on this topic," the company said in a statement. "Any rumours stating otherwise are untrue." The Bangkok Post on Thursday rep
South China Morning PostChina's 618 shopping festival ends with Alibaba, JD.com declaring victory amid 'waning' interest
Alibaba Group Holding and JD.com touted impressive growth trends but declined to reveal total gross merchandise value (GMV) figures for their midyear 618 shopping festival events, as China's major e-commerce players remain locked in a heated battle to get consumers to open their wallets amid the country's economic slowdown. Both e-commerce giants declared victory as they fend off competition from rivals Pinduoduo, operated by Temu owner PDD Holdings, and Douyin, the Chinese equivalent of TikTok
ReutersMore worries for China, sales at big e-commerce festival drop for first time
SHANGHAI (Reuters) -Sales fell for the first time ever at China's blowout mid-year e-commerce sales festival as consumers remain cautious about spending as the economy sputters, according to third-party data estimates released on Wednesday. Combined gross merchandise volume (GMV), a widely used proxy for e-commerce sales, reached 742.8 billion yuan ($102.36 billion) across China's major online platforms during the so called "618" shopping event, 7% lower than the same period last year, digital retail data provider Syntun said. This year the shopping festival failed to stir up much excitement among shoppers, industry experts said, even as major platforms extended offers to a weeks-long period to woo consumers who have been tightening their belts amid a gloomy economic outlook.
