Alibaba Uses AI Tool Quanzhantui To Boosts Singles' Day Sales, Driving Growth for Merchants
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 21 2024
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Source: Benzinga
Alibaba's Quanzhantui Tool: Alibaba has made significant advancements with its digital marketing tool, Quanzhantui, which utilizes AI technology to enhance sales for merchants on Taobao and Tmall, particularly during major shopping events like Singles' Day.
Financial Performance and Market Response: Despite a 4% growth in Alibaba's fiscal first-quarter revenue, it fell short of analyst expectations, leading to a slight decline in stock price, while the company continues to invest heavily in promotions and logistics to boost sales.
Analyst Views on BLOK
Wall Street analysts forecast BLOK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLOK is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 63.240
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Current: 63.240
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
