Tag: alibaba revenue

Alibaba's U.S.-listed stock rose by 3.5% in premarket trading on Thursday following the company's quarterly earnings report. The company posted its highest revenue since September 2021. Revenue for the quarter ended June 30 was 234.16 billion Chinese yuan ($32.29 billion); a 14% year-on-year rise that...

Alibaba Group Holding Ltd reported its quarterly earnings on Thursday, narrowly missing its revenue estimates. This comes after the company announced that its board approved a spinoff of its cloud computing business. The Chinese eCommerce giant reported revenue of 208.20 billion yuan ($30.12 billion) for the...

Alibaba Group Holding Ltd recently revealed a string of results that were a lot better than they had been anticipating. Although there were murmurs of a strong sales contraction on the horizon, the Chinese retail giant was able to clap back against those rumors...