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Alibaba misses revenue estimates, but AI boosts cloud businessAlibaba posted 26% cloud revenue growth to 33.4 billion yuan, fueled by heavy AI investment, even as weaker ecommerce sales dragged overall...- TikTok parent ByteDance valuation rises in latest share buyback, sources sayThe Chinese owner of the popular short video-sharing app's regular share buyback program underscores its strong balance sheet, bolstered by...
- China's JD.com announces $5 billion share buyback planJD.com, which last week beat profit forecasts for the June quarter, and rivals such as Alibaba, have been seeking to alleviate investor con...
- Wall Street indexes advance as Fed's Powell fuels hopes for rate cuts this yearIn prepared remarks ahead of his congressional testimony, Powell said inflation had "eased substantially" since hitting 40-year highs in 20...
- US stocks rise after Powell signals rate cuts this yearWall Street's indexes rose as Federal Reserve Chair Jerome Powell expects a benchmark interest rate reduction. Inflation eased. Megacap gro...
- Chinese retailer JD beats quarterly revenue estimates as heavy discounts buoy demandChina's shaky economic growth, high youth unemployment and lower wages for office workers have led to consumers tightening their purse stri...
- Chinese shares jump as state investment fund pledges to expand share holdings to aid sagging marketsA Chinese state investment fund promised to expand its purchases of stock index funds, signaling Beijing's resolve to stabilize markets tha...
- Chinese state investment fund promises to expand share holdings to help support sagging marketsThe market watchdog, the China Securities Regulatory Commission, welcomed the announcement, saying that share prices at a "historically low...
- Tencent shares slump as Prosus seen to step up sellingThe internet company’s shares dropped 5.2% to HK$357.2 in Hong Kong, the most since late January, after news that Prosus planned to deposit...
- Alibaba considers yielding control of some businesses in overhaulGroup CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually launch ...
- Alibaba to decide on control over new business units after IPOsGroup CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually list on...
- Alibaba probe stirs worry about what's next for Chinese techAlibaba and its three largest rivals -- Tencent Holdings Ltd., food delivery giant Meituan and JD.com Inc. -- have shed nearly $200 billion...
- Covid-19, China tensions give this internet stock a solid upside aheadThe company sits on a cash pile of Rs 1,640 crore, which accounted for 68 per cent of its total market capitalisation of Rs 2,426 crore as ...
- Here's what Wall Street is saying about Walmart's Flipkart dealWalmart Inc. sank after announcing its largest acquisition ever, a 77% holding in Flipkart.
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