Top mover alert: Alibaba soars 4% in afternoon trading session on news of new agentic commerce platform
❗ $BABA-W(09988)$ shares have zipped 4% higher in the afternoon trading session, reflecting investor optimism on news of Alipay's launch of China’s first full-stack agentic commerce platform, aiming to help merchants transition from digital operations to AI-powered operations and accelerate the adoption of agentic commerce
📰According to a statement published yesterday, the platform includes a suite of AI business tools that merchants can select independently to meet their specific needs. For merchants with existing digital operations but no AI capabilities, the platform provides a one-stop intelligent solution that turns pages, products, and service workflows into agent-ready Skills and MCP tools, lowering the barrier to AI adoption
📢Alibaba shares will report their earnings before market on 20 Aug
The company is expected to report net profit of 21.80 billion yuan, equivalent to USD3.23 billion, for the three months ended June, according to the consensus estimate of 12 analysts in a FactSet poll
Consensus is expecting net profit to be down sharply year on year from last year's 43.12 billion yuan
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