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Jason Bellier
@neostonks · May 18

Along with its quarterly results, Alibaba $BABA told us the news that it has approved the spin-off of its cloud unit. Alibaba on Thursday approved the full spin-off of Cloud Intelligence Group, aiming to complete the spin-off in the next 12 months.

Question for investors who hold BABA stock - Are you happy with the spin-off of Cloud Intelligence Group?

On the results - The company posted revenue of 208.20 billion yuan ($30.12 billion) for the three months ended March, compared with Refinitiv's consensus estimate of 210.3 billion yuan.

Non-GAAP earnings per share: 1.34 yuan vs. expectations of 2.08 yuan

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RR
Rickie Reeve @rickiereeve May 18

I wasn't expecting that. I had high expectations for $BABA, although I didn't invest in it. So I'm glad I didn't miss out.

DD
Daniela Duong @danieladuong May 18

I'm the same way :)

RB
Randolf Babcock @randolfbab May 18

Mixed feelings too, $BABA will lose profit

YE
Yorick Ericson @yorickericson May 18

I think the cloud has been in profit for about one quarter so far?:)

MP
Mart Poom @martpoom May 18

That's pain... the only thing I trusted about Alibaba anymore...

YE
Yorick Ericson @yorickericson May 18

Well, that could be good news for you, right? You get shares of a separate cloud unit, after the separation you can sell the rest and buy what you believe in the most;)

YE
Yorick Ericson @yorickericson May 18

So the designation as a separate unit is not such a surprise, it was to be expected when they announced the possibilities for the IPO that this would be among the first. But what surprised me is the method and that it will then be distributed to existing shareholders as a dividend. I hadn't counted on this at all and thought that the cash/shares would be siphoned off or that BABA would buy back the shares.

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