Alibaba International, which is a part of Alibaba Group, is a company that helps people from all over the world buy and sell things. In the last three months, they made a lot of money, 32% more than they made in the same time last year. They do this by having websites where people can buy things from other countries, like AliExpress and Lazada. They're doing so well because they keep improving their websites and making it easier for people to buy and sell things. Read from source...
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AI's quality of writing, depth of analysis, originality, clarity: Not evaluated
### CONSENSUS:
According to the article, Alibaba International's revenue surged 32% YoY to $4 billion in Q2 2024, representing an eighth consecutive quarter of gains since it became an independent operating unit of Alibaba Group. The company's diverse mix of cross-border and local e-commerce offerings presents a big potential for more market expansion. Alibaba International reported its B2C platforms revenue rose 38% YoY to $3.26 billion in Q2 2024, while revenue from its Alibaba.com B2B wholesale marketplace rose 12% YoY to $771 million, on increased cross-border value-added services.
bullish
Reasoning: Alibaba International's strong revenue growth and expanding global footprint are highlighted in its latest quarterly report. Its hybrid of global suppliers and shoppers has allowed it to outshine its parent company, Alibaba Group. Additionally, the company's continuous focus on business model upgrades, product and technology innovations, and sustained growth in key markets has contributed to its strong performance.
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