Alibaba Investors Could Finally Be Seeing Light at the End of the Tunnel
The tech giant's turnaround effort is gaining momentum.
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Alibaba's (NYSE: BABA) stock has been on fire lately. The Chinese tech giant reported a commendable result for the quarter ended Dec. 31, 2024, with revenue growing by 8% and income from operations surging by 83%.
Investors cheered the results, sending the stock up by around 15% after the announcement. But digging further into Alibaba's results indicates much more than the headline numbers, suggesting that Alibaba's turnaround effort is finally bearing fruit.
Image source: Getty Images.