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ALIBABA QUARTERLY RESULTS
BigBasket founder's exit; Pocket FM’s reverse flipAmazon veteran Amit Nanda, currently director of selling partner services, now takes over as CEO.- Why Amazon has struggled to crack IndiaAmazon's India strategy is changing: under new leadership, the company is focusing on profitability over rapid growth. This shift comes as ...
- 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...
- 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...
- 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...
- French regulator says most e-commerce platform products it tested breach EU rulesFrance's consumer watchdog found a staggering 75% of products from online platforms failed EU safety rules. Many items were found to be dan...
- Alibaba stock surges as AI-powered cloud revenue beats Wall Street estimates and lifts BABA share price outlook — Is BABA a Buy?Alibaba Group Holding Ltd. (NYSE: BABA) climbed sharply after reporting quarterly revenue that exceeded Wall Street expectations. The stock...
- 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...
- 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's China ecommerce platforms to accept Tencent's Wechat PayAlibaba is affiliated with the Jack Ma-founded Ant Group's Alipay, which is WeChat's main rival for online payments in China. Tencent has a...
- Alibaba cancels cloud service spinoff over US chip restrictionsAlibaba's change of course follows a series of decisions by Washington to bar the export to China of powerful chips, including those from C...
- Alibaba's DingTalk will split from Cloud business groupThe sources could not confirm the exact timing of the split and also did not confirm news reported by Chinese media outlet Caixin on Wednes...
- 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...
- 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 rallies on handsome profit beat, optimistic commentaryGross merchandise volume - a key metric - grew at a solid 29 per cent.
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