BABA and IQ Earnings Update

Alibaba (BABA) reported another great quarter with 93.50 billion yuan vs. 91.58 billion yuan estimated, 51% revenue growth for January-March quarter. 
The company expects its full fiscal year revenue ending which ends in March 2020 will top 500 billion yuan, which would be a 33% increase from the previous year.
iQIYI (IQ) reported Q1 revenue increase of 43% from the year-ago quarter to RMB 6.99 billion (USD $1 billion). The loss was 35 cents per share comparing to estimated 52 cents.  As of Mar 31, 2019, total subscribers increased humongous 57.9% year over year to 96.8 million. Of this 98.6% were paid subscribers.



My View: Both these two companies are my favorites Chinese stock. Visualizing the U.S China trade tensions re-ignited, I do not expect a marathon run for these stocks but it would give an opportunity to accumulate for long term.

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