88VIP shines amid Alibaba’s Q3 growth and profitability...

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2024-11-18 16:12:18 - Translate

88VIP shines amid Alibaba’s Q3 growth and profitability struggles

High GMV and 88VIP engagement drove Alibaba’s Q3 growth, but profit pressures highlight a fiercely contested market. Alibaba’s financial performance in Q3 2024 paints a nuanced picture: strong user engagement and transaction volume growth were tempered by declining profitability and market skepticism. The 88VIP membership program expanded significantly, reaching 46 million members...

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