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ALIBABA FINANCIAL RESULTS
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...
Quote of the day by Jack Ma: 'If you want to be successful, learn from the other people’s mistakes, don’t learn from the...' - Alibaba Group's co-founder advises on why learning from failure matters more than following success storiesQuote of the day by Jack Ma: Jack Ma believes learning from mistakes is crucial for success. He highlights that failures reveal risks and p...
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 says annual revenue up 6% year-on-yearAlibaba reported a 6% rise in annual revenue to 996.3 billion yuan ($138.2 billion), with net income surging 62%. The results signal renewe...
China's Alibaba says to sell department store arm for $1.3 billion lossAlibaba is selling its department store chain, Intime, at a $1.3 billion loss due to increased competition in China's ecommerce market. The...
Alibaba dumps logistics arm IPO; to buy rest of Cainiao stake for up to $3.8 billionAlibaba's Cainiao withdrew IPO in Hong Kong. Alibaba plans $3.75B stock buyout. Minority shareholders offered $0.62/share sale. Reported by...
SoftBank to sell nearly all its stake in Alibaba: ReportShares in Alibaba, one of the most valuable assets in SoftBank's portfolio, tumbled as much as 5.1% in Hong Kong following the report befor...
Paytm completes share buyback worth Rs 850 croreThe Paytm board had approved buyback of shares worth Rs 850 crore on December 13, representing 6.67% of the total paid-up share capital bet...
Alibaba quarterly revenue misses expectations as spending slowsCustomer management revenue, which tracks how much money merchants spend on Alibaba, fell 7% annually, marking the steepest-ever decline fo...
Alibaba quarterly revenue flat for first time ever in JuneRevenue came in at 205.6 billion yuan ($30.7 billion) in the April-June quarter, beating analyst expectations despite being slightly below ...
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...
Billionaire Alibaba founder Jack Ma reappears in Hong KongJack Ma has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China's financial regulators....
Billionaire Alibaba founder Jack Ma reappears in Hong Kong: SourcesThe Chinese billionaire has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China's finan...
Ant Group reaches deal with China regulators on restructuringAn agreement on the restructuring of Ant, an affiliate of e-commerce giant Alibaba Group, would ease investor concerns about a regulatory c...
Alibaba beats quarterly sales estimates on e-commerce strengthSales from Alibaba's core e-commerce business rose 29 per cent to 130.92 billion yuan in the reported quarter.
Alibaba Q1 results: Beats estimates as pandemic fuels online, cloud computing demandSales from Alibaba's core commerce business jumped 34% to 133.32 billion yuan ($19.27 billion) in the first quarter ended June.
- Yahoo! Inc rises on plans to return $3 billion to investors
Yahoo! Inc rose after saying it's returning to shareholders most of the proceeds from the sale of half its stake in Alibaba Group Holding L...