Alibaba is a Chinese-owned global wholesale marketplace. It's one of the largest marketplaces in the world, generating $129 billion in revenue in 2023. With 200 million products from more than 200,000 suppliers, mostly based in Asia, Alibaba offers a huge directory for business buyers looking overseas.

Total consolidated revenue was RMB 260.3 billion, an increase of 5%. Consolidated adjusted EBITA increased by 2% to RMB 52.8 billion. Our non-GAAP net income was RMB 48 billion, a decrease of 4%. Our GAAP net income was RMB 10.7 billion, a decrease of 35 billion.

The company's name came from the character Ali Baba from the Middle Eastern folk-tale collection One Thousand and One Nights because of its universal appeal. As Jack Ma, one of the founders, replied to Lorraine Hahn on TalkAsia: One day I was in San Francisco in a coffee shop, and I was thinking Alibaba is a good name.

According to Zacks, Alibaba is expected to earn $7.91 a share in its current fiscal year 2025, down 8% compared to fiscal 2024. For fiscal 2026, earnings are expected to rise 12% to $8.89 a share. Click here to the top-rated stocks in the group.