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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...- 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...
- Alibaba pins hopes on AI as quarterly net profit dropsNet profit plunged 66% to 15.6 billion yuan ($2.2 billion) primarily due to a "decrease in income from operations", the firm said. China's ...
- 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 ecommerce giant Alibaba misses first-quarter revenue estimatesAlibaba's first-quarter revenue fell short of market expectations, impacted by cautious consumer spending in a struggling Chinese economy. ...
- Alibaba approves an additional $25 billion share buyback as its revenue disappointsAlibaba posted a 5% increase in sales to 260.3 billion yuan ($36.67 billion) in the quarter that ended in December, slightly missing analys...
- Alibaba boosts share buyback as revenue misses estimatesAlibaba executives expressed coolness about the near-term potential of IPOs for Cainiao logistics and Freshippo. Alibaba is considering sel...
- Alibaba boosts share buy back as revenues missChina's Alibaba Group Holding on Wednesday missed analysts' estimates for third-quarter revenue, hurt by softness in the retail market and ...
- China's JD posts higher Q3 profit as supply snarls ease, revenue misses estimatesThe company has seen challenges in China's rapidly changing ecommerce landscape, with the joining of livestream players and short video soc...
- Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go publicThe company in March announced plans to reshape itself into six business divisions with plans to allow all but its core e-commerce business...
- Alibaba fourth-quarter revenue rises 2%Alibaba Group Holding Ltd. reported fourth-quarter revenue that missed expectations, as Chinese consumer spending has gained some momentum ...
- Infosys misses FY23 guidance, issues grim forecast for current fiscal; DPIIT and Finmin discuss startups’ concernsIndia’s second-largest IT services company Infosys reported over 15% growth in revenue in constant currency terms, while its year-on-year p...
- Alibaba laid off 19,000 employees in 2022 to improve cost efficiencyThe Hangzhou-based online retailer let go of more than 4,000 workers in the final quarter of the year, according to data in its earnings re...
- Alibaba lays off nearly 10,000 employees amid poor salesAccording to South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company trimme...
- Alibaba beats revenue estimates on demand for niche China shopping servicesAlibaba's revenues rose 9% to $30.35 billion in the quarter.
- Alibaba beats quarterly revenue estimates on online boomThe results come as China clamps down on founder Jack Ma's sprawling business empire, having forced the suspension of a blockbuster $37 bil...
- 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.
- Alibaba's Jack Ma gets into a tussle with big Chinese banksIn one corner is Jack Ma's Alibaba, which holds the title as the country's biggest online retailer. In the other are China's banks.
- Yahoo reports marginal dip in net income for April-June quarterYahoo reported a marginal decline of 4.2 per cent in net income at $ 228.4 million for the April-June period this year.
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