Key facts: Alibaba to report Q2 results; benefits from delivery war; MoUs signed
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- Alibaba Group will report its fiscal Q2 results next Tuesday, with analysts expecting a net profit of 2.39 billion yuan, down from 43.87 billion yuan last year.1
- Alibaba is seen as the top beneficiary in China's delivery price war, with analysts predicting better profits per order from higher average values and lower costs over time.2
- Al Khayyat Investments and Cainiao, an Alibaba unit, signed two MoUs at the China International Import Expo to boost UAE-China cooperation in logistics, tech, and life sciences.3