Alibaba Group Holding Limited American Depositary Shares, each represents eight Ordinary Shares - BABA STOCK NEWS

Farfetch Limited (NYSE: FTCH) reported strong financial results for Q3 2021, with a significant 97% growth in Digital Platform GMV over two years, totaling $828 million, a 23% year-over-year increase. Total Group GMV exceeded $1 billion, up 28%.

Revenue reached $583 million, up 33% year-over-year, while profit after tax stood at $769 million, benefiting from a non-cash gain of $901 million due to lower share prices impacting fair value remeasurements. Adjusted EBITDA improved to $5 million, signaling profitability strides.

Alibaba Group Holding Limited (NYSE: BABA) reported its financial results for the quarter ending September 30, 2021, showing a 29% year-over-year revenue growth to RMB200,690 million (US$31,147 million). The company added 62 million active consumers, bringing the total to approximately 1.24 billion. However, adjusted EBITDA decreased by 27% to RMB34,840 million due to increased investments in strategic areas. Non-GAAP net income fell 39% to RMB28,524 million (US$4,427 million). The diluted earnings per ADS declined 38% to RMB11.20 (US$1.74).

Lyre's, the leading non-alcoholic spirits brand, has raised £20 million in funding, valuing the company at £270 million. This achievement comes in under two and a half years since its inception. With expansion into over 60 countries and a projected annual revenue of £50 million by year-end, Lyre's is set to become the fastest independent beverage brand to reach Unicorn status. The funds will focus on marketing and expanding workforce across various departments, while maintaining innovative growth in the no/low alcohol category.

Alibaba Group Holding Limited (NYSE: BABA) reported a successful 13th annual 11.11 Global Shopping Festival, achieving a remarkable RMB540.3 billion (approx. US$84.54 billion) in gross merchandise volume (GMV) during the 11-day event. Participation surged, with 290,000 brands involved, including 65% from small and medium-sized businesses. The festival highlighted a 20% year-over-year growth in GMV for agricultural products from less developed regions. Alibaba's commitment to sustainability was showcased by a reduction of over 26,000 tons of carbon emissions through renewable energy use.

Moov has successfully closed a $41 million Series A funding round led by Tiger Global, with participation from Atreides Management and others. The funding will support Moov's expansion into semiconductor hubs and global markets, including China, South Korea, and Europe. Moov operates the world's first real-time B2B online marketplace for manufacturing equipment, boasting over $1.5 billion in active listings. The semiconductor equipment sales market is projected to grow, reaching $100 billion in 2022, with Moov aiming for over $1 billion in gross merchandise value in coming years.

Alibaba Group (NYSE: BABA) will report its unaudited financial results for Q3 2021 on November 18, 2021, before U.S. markets open. The conference call to discuss the results is scheduled for 7:30 a.m. U.S. Eastern Time on the same day. Investors can access the live webcast at https://www.alibabagroup.com/en/ir/earnings, with an archived version available afterward. The company is focused on enhancing commerce infrastructure and aims for long-term growth.

Cat Rock Capital, holding 6.5% of Just Eat Takeaway.com's shares, is pushing for a sale or spin-off of Grubhub by December 31, 2021, to address the company's undervaluation. JET's stock trades below 8x EBITDA, indicating a significant mispricing of its assets. The Grubhub acquisition, which reduced JET's financial flexibility, is attributed to a negative valuation of €14 billion. Cat Rock emphasizes Grubhub's strong performance metrics, including $10 billion in GMV and extensive restaurant partnerships, suggesting that unlocking Grubhub's value could lead to over 100% appreciation in JET's stock.

Alibaba Group (NYSE: BABA) launched its 13th annual 11.11 Global Shopping Festival, emphasizing sustainability and inclusiveness, with a record participation of 290,000 brands. The festival, showcasing over 14 million deals for 900 million consumers in China, features two sales windows from November 1 to 3 and November 11.

New initiatives include a focus on eco-friendly products, RMB100 million in green vouchers, and package recycling across 10,000 stations. Additionally, the Taobao app introduced 'senior mode' for enhanced accessibility and engagement.

BluePallet, an industrial commerce platform for the chemical industry, has become a Global Gold Supplier on Alibaba.com, enhancing its market presence. This milestone enables BluePallet's network of verified chemical manufacturers and distributors to connect with millions of global business buyers. BluePallet offers tools for navigating regulatory compliance and secure transactions through its platform. The global chemicals market is projected to grow from $3.34 trillion in 2020 to $4.30 trillion by 2025, indicating strong sector growth.