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...
13 May, 2026, 03.24 PM IST
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...
07 May, 2026, 12.55 PM IST
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...
29 Apr, 2026, 05.58 PM IST
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...
31 Mar, 2026, 06.31 PM IST
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...
25 Nov, 2025, 05.57 PM IST
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...
29 Aug, 2025, 07.31 PM IST
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...
17 Dec, 2024, 05.25 PM IST
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...
04 Sep, 2024, 02.38 PM IST
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 ...
13 May, 2024, 07.31 AM IST
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...
17 Nov, 2023, 12.48 PM IST
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...
16 Aug, 2023, 02.23 PM IST
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...
18 Nov, 2022, 07.43 AM IST
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 ...
04 Aug, 2022, 05.23 PM IST
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...
19 Nov, 2021, 11.20 AM IST
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.
05 Nov, 2020, 06.38 PM IST
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.
20 Aug, 2020, 06.06 PM IST
Alibaba rallies on handsome profit beat, optimistic commentaryGross merchandise volume - a key metric - grew at a solid 29 per cent.
31 Jan, 2019, 11.50 AM IST