Key InformationIndustry Overview:China's online retail merchandise sales (GMV) grew 6% YoY in April 2025, in line with the first quarter and significantly higher than the overall social retail growth rate (+5.1%).The growth was mainly driven by a rebound in consumption of durable goods such as home appliances, telecommunication equipment and stationery, driven by the "trade-in" policy.GMV growth is expected to be higher in May, benefiting from the early start of the 618 promotion period, but may fall back in June, and the whole year needs to be observed by combining May and June.E-commerce platform performance:Alibaba: Core ad revenue CMR, Tmall gross profit beat expectations, AI-driven marketing tools boost penetration. $Alibaba(BABA)$
Apple and Alibaba’s AI Deal Under Fire: Will Alibaba Pay the Price?
Over the past few months, U.S. White House and congressional officials have been reviewing Apple’s AI partnership with Alibaba, as Apple plans to bring its Apple Intelligence to China, with Alibaba being one of its key partners. ------------------ Will this scrutiny hinder the launch of Apple AI in China? If so, will iPhone sales in China continue to struggle this year? And could Alibaba’s stock drop to $110 as a result?
+ Follow
+8