alibaba
Chinese E-commerce giant Alibaba reported on Tuesday that net income for its fourth quarter plunged to 3.27 billion Chinese yuan ($453 million) from last year's 23.52 billion yuan. Excluding items, adjusted net income for the quarter was 24.42 billion yuan compared to the prior year's 27.38 billion yuan. The company's revenue for the quarter grew 7% to 221.87 billion yuan from 208.20 billion yuan last year. The board of directors also approved a two-part dividend.
DPA
Chinese E-commerce giant Alibaba reported on Tuesday that net income for its fourth quarter plunged to 3.27 billion Chinese yuan ($453 million) from last year's 23.52 billion yuan. Excluding items, adjusted net income for the quarter was 24.42 billion yuan compared to the prior year's 27.38 billion yuan. The company's revenue for the quarter grew 7% to 221.87 billion yuan from 208.20 billion yuan last year. The board of directors also approved a two-part dividend.
DPA International
Chinese E-commerce giant Alibaba reported on Tuesday that net income for its fourth quarter plunged to 3.27 billion Chinese yuan ($453 million) from last year's 23.52 billion yuan. Excluding items, adjusted net income for the quarter was 24.42 billion yuan compared to the prior year's 27.38 billion yuan. The company's revenue for the quarter grew 7% to 221.87 billion yuan from 208.20 billion yuan last year. The board of directors also approved a two-part dividend.
DPA Breaking News
Considered by many to be one of the biggest jewels of the Chinese economy, Alibaba Holding Limited (BABA) has been considered ‘China’s Amazon’ and an investors’ darling for years. But the once-mighty online retail giant has seen a gradual slide in its stock price since the heights of its powers during pandemic-era 2020, which saw Alibaba’s stock price regularly top 300 Hong Kong dollars (HKD) as online shopping skyrocketed worldwide. It is now hovering at around HKD 81.50 per share – losing over 70% of its share price (or HKD 232.50) since October 29 2020. Why has Alibaba’s stock price fallen ...
Invezz
The European Commission has begun an investigation into Chinese online marketplace AliExpress, owned by the Alibaba Group, on suspicion of breaches of the Digital Services Act (DSA), the EU executive said in a statement today (14 March). The probe focuses on mitigation of risks, to content moderation and the internal complaint handling mechanism, as well as transparency of advertising and recommender systems, the traceability of traders and to data access for researchers, the commission’s statement said. The company might not have taken enough measures to prevent dissemination of illegal conte...
Euronews (English)
Chinese multinational technology giant Alibaba has pledged to inject HK$5 billion into Hong Kong’s entertainment sector to finance promotion to an international audience. Hong Kong-made television dramas, films, events and training of young creatives will receive funding from video platform Youku, Alibaba Pictures and other businesses under the media arm of Alibaba, the company announced on Monday. The five-year project, dubbed the “Hong Kong Cultural and Art Industry Revitalisation Program,” would concentrate on film production and distribution, rights acquisitions and television series produ...
Hong Kong Free Press
Shanghai (AFP) - Chinese e-commerce giant Alibaba said Thursday it was cancelling a planned cloud service spinoff announced this year over US chip restrictions, as it reported results for the third quarter of 2023 that were in line with market expectations. The announcement sent shares in Alibaba plummeting by as much as ten percent on Thursday, though it later traded at about eight percent lower. Alibaba's change of course follows a series of decisions by Washington to bar the export to China of powerful chips, including those from California-based Nvidia that are crucial to the development o...
AFP
Key Points Key headwinds from recent years continue to dissipate, with last week’s news perhaps the biggest.Even with the recent rally, shares remain comparatively cheap.They’re well-supported technically and on the verge of crossing the $100 mark.5 stocks we like better than Alibaba GroupAfter trading sideways in a tight range for more than a year, the stars are finally aligning once more for Alibaba Group Holding Ltd (NYSE:BABA) stock. Shares of the Chinese e-commerce and cloud computing giant had to endure one of the more publicized slides from highs over the past two years, with them comin...
ValueWalk
Key Points As the United States and China begin to settle on their respective fiscal policies for the remainder of 2023, Alibaba seems to be positioned in the middle of the perfect macroeconomic storm. Investors can monitor these economic indicators to gauge the progress and direction of the underlying economies and form their views.With strengthening tailwinds, investors like Dr. Michael Burry have been accumulating positions in Alibaba. Analysts agree that there is a significant upside as a new value-add is thrown into the mix.By applying a valuation method called for spin-off situations, in...
ValueWalk
The Top 10 Biggest IPOs Of All TimeSaudi AramcoThe largest IPO of all time occurred in 2019 when Saudi Aramco oil company was floated. The offering generated over $25 billion in investment, beating the previous record holder by almost $4 billion. Saudi Arabian Oil Co (TADAWUL:2222)’s public market cap is almost $2 trillion – as of March 2023 – making it the third most valuable company in the world after technology giants Apple and Microsoft. AlibabaAlibaba Group Holding Ltd (NYSE:BABA) is a Chinese technology company founded by Jack Ma in 1999 which has gone on to become one of the most valuab...
ValueWalk
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