These two days, Tencent and Alito continue to announce quarterly results, but before they are announced, I have basically not expected it at all. No expectation means on the stock price, not on the company's business. Tencent announced its results yesterday, with adjusted profit significantly better than expected, and today's share price is still almost down, with the final closing up just 0.7 percent. Ali delivered outstanding results in the previous quarter, far better than expected, and the share price has fallen so far, with almost no rebound. This much better than expected result is definitely possible if US equity firms are listed in US equities, a 20% overnight gain. Unfortunately, Tencent and Ali are not American companies, but Chinese companies. It is only annoying to say too much about why Chinese corporate stocks do not rise in the long term. Therefore, I do not dare to have any fantasies about the performance after the Ali results. After all, the results of the last quarter are so dominant, the market can still be ignored, the share price continues to stagnate. The performance this quarter is basically difficult to surpass that of the previous quarter, and it is more difficult to move up the share price.
At the time of writing, Ali was down more than 8% in front of the US market, and if you hadn't read the report, I would have thought that would have made a difference to Ali's performance. Ali's second-quarter revenue was $2248 billion, up 8.5% year-on-year, and an adjusted profit of $402 billion, an increase of 19%, below market expectations. In terms of revenue in each segment, apart from the slower domestic e-commerce business growth of only 4%, the rest of the business grew remarkably well. Among which international e-commerce business grew more significantly5...