Forecast Of The Day: Alibaba’s China Commerce Marketing Services Revenue

+37.43%
Upside
94.77
Market
130
Trefis
BABA: Alibaba Group logo
BABA
Alibaba Group

What?

Trefis expects Alibaba’s (NYSE:BABA) China Commerce Marketing Services Revenue to rise from $35 billion in 2020 to levels of around $47 billion in 2021 and $51 billion in 2022.

Why?

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We expect growth to be driven by an increasing shift of spending from physical stores to online shopping and also due to the company’s expanding product categories.

So What?

Although Alibaba stock has come under pressure, falling by about 13% year-to-date, due to the regulatory crackdown in China, we expect the company’s bread-and-butter e-commerce business to continue to expand at a rapid clip in the coming years.

See Our Complete Analysis For Alibaba

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