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ALIBABA EARNINGS REPORT
Baidu results beat estimates as AI cloud surge offsets ad slumpBaidu has announced strong quarterly results, surpassing market expectations. The company's cloud computing services showed significant gro...- Global Market Today: Asian stocks, US futures climb on tech optimismAsian stocks advanced, mirroring Wall Street's record highs driven by a tech surge and strong corporate earnings. Investors are closely wat...
- US stock market today: Why is Dow Jones crashing while the S&P 500 and Nasdaq rise? Dow falls 260 points as inflation heats up and Trump heads to ChinaUS stock market today: Dow Jones, S&P 500, and Nasdaq moving in opposite directions. Dow falls 260 points today as inflation heats up and P...
- Alibaba to exceed planned AI spending and says margin is secondaryAlibaba plans to spend more than its projected 380 billion yuan on Artificial Intelligence over three years. The company reported quarterly...
- Tencent revenue and profit miss on higher AI investmentTencent Holdings announced first-quarter results below market expectations. Revenue and net profit missed forecasts. Gaming revenue saw gro...
- China tech giant Tencent sees Q1 profit jump after AI betsTencent reported a 21% surge in quarterly net profit, reaching 58.1 billion yuan, driven by significant investments in the booming artifici...
- Alibaba quarterly revenue rises on cloud demand, ecommerce growthAlibaba's revenue climbed 3% driven by strong cloud and AI growth, with its China e-commerce unit boosted by government subsidies. Despite ...
- AI boom keeping markets elevated despite geopolitical noise: Mark MatthewsFinancial markets are increasingly prioritizing artificial intelligence-driven growth and corporate earnings over geopolitical tensions, ac...
- SpaceX IPO 2026: $1.5T valuation— will history’s biggest listing reward investors or repeat past mega-IPO disappointments? Here’s how they performedThe SpaceX IPO could become the biggest IPO in history, targeting a massive $2 trillion valuation and a $75 billion raise. That number alon...
- Zhipu accelerates pivot to domestic chips amid AI boom in ChinaChinese AI firm Zhipu AI is boosting its use of local chips amid soaring computing needs. The company reported strong revenue growth for 20...
- China's Alibaba targets $100B in AI and cloud revenue over 5 yearsChinese tech giant Alibaba plans to earn over 100 billion dollars from its artificial intelligence and cloud businesses in the next five ye...
- Tencent seizes momentum in China’s AI race against AlibabaTencent in just the past week introduced several signature products aimed at tapping a national enthusiasm for AI agents like OpenClaw — au...
- Ant Group quarterly profit falls 60% to $663 millionAlibaba said the decrease in profit for Ant Group was mainly attributable to "investments in new growth initiatives and technologies, and t...
- Ant Group quarterly profit falls 60% to $663 millionChinese fintech company Ant Group posted a 60.5% slide in net profit to 4.74 billion yuan ($662.7 million) in the three months to March 31,...
- Alibaba seeks to refinance $6.5 billion bank loan due next yearAlibaba is offering to pay a pricing of below 80 basis points over the Secured Overnight Financing Rate to existing lenders agreeing to gra...
- Alibaba Q3 Results: Co beats revenue estimates on strong year-end shopping salesChina's Alibaba Group Holding on Wednesday topped Wall Street expectations for third-quarter revenue, on strong year-end shopping sales and...
- Chinese ecommerce giants face delicate balance between discounts, profitAlibaba's earnings reports are crucial indicators for China's consumer sentiment, influenced by competition from Pinduoduo and Douyin. The ...
- Alibaba's quarterly revenue beats even as China's economic recovery sputtersIn the first quarter of its staggered financial year, the group's revenue amounted to 234.1 billion yuan ($32.5 billion), higher than analy...
- SoftBank raises $22 billion by selling Alibaba derivativesSoftBank has this year executed the sale of about a third of its Alibaba stake through these contracts, a type of derivatives that allows t...
- Alibaba slashes sales outlook as competition bites, demand slowsFor the quarter ended Sept. 30, Alibaba earned 11.20 yuan per share on an adjusted basis, missing an average estimate of 12.36 yuan. Revenu...
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