Economic recovery in China has been slower than anticipated, impacting Alibaba (BABA) and other e-commerce giants. 

The long-awaited economic stimulus from the central government was introduced in August 2023, following ten months of aggressive medium-term lending facility (MLF) operations by the central bank. 

Alibaba's overseas ventures are thriving, particularly in Indonesia where Tik Tok faces commerce restrictions. 

Predictions for BABA's FY2Q24E revenue stand at RMB227.6B, a 9.9% Y/Y increase, surpassing consensus estimates.

Additionally, profit projections are optimistic, and the next quarter's revenue consensus may be understated. Customer management revenue is also expected to see a 5.3% Y/Y rise in FY2Q24E.