News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>HSBC Research Names BABA-W as Industry Top Pick; 618 Industry GMV Growth Outshines Last Yr
Data shows that this year's 618 industry GMV outperformed the same period last year with a YoY increase of 15%, but slowed in comparison with last year's 27% growth during ...
Reset
Send
The window will close in 5 seconds
<Research>HSBC Research Names BABA-W as Industry Top Pick; 618 Industry GMV Growth Outshines Last Yr
Close
Recommend
13
Positive
32
Negative
5
 
SHORT SELL
 
STOCK INFO

Data shows that this year's 618 industry GMV outperformed the same period last year with a YoY increase of 15%, but slowed in comparison with last year's 27% growth during the Double 11 period, according to a report from HSBC Global Research. Package volume growth also eased from 24% last year to 16% this year.

Nevertheless, the narrowed gap between GMV and package growth was possibly due to the superior trade performance of certain categories driving up average prices, and BABA-W (09988.HK)  +1.700 (+1.545%)    Short selling $3.21B; Ratio 26.960%   and Douyin shifting to direct discounts that led to a drop in rebate rates.

Related NewsCLSA: BABA-W, JD-SW Achieve Faster GMV Growth in 618 Compared to Last Yr
HSBC Global Research maintained a Buy rating on BABA-W, JD.com, and Pinduoduo. Optimistic about its stable revenue outlook from CMR and cloud businesses, the broker named BABA-W as its top pick in the industry, with a target price staying at HKD172.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-20 16:25.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.