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Ultimate Stocks: update

21/05/2021

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Alibaba incurs the wrath of the regulator and Disney sees subscriber numbers grow less than optimistically anticipated, but Games Workshop delivers as always.

Alibaba: revenue beats forecasts, but…

Chinese e-commerce and technology giant Alibaba Group (US:BABA) achieved a historic milestone of hitting one billion annual active consumers around the world in its financial year ending March 2021, although there were some regulatory issues to contend with in the final quarter.

While revenue rose 64% in the final quarter to RMB 187,395m, or up 40% to RMB 159,952m if one excludes the consolidation of Sun Art (more on that below),…

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