Alibaba

Shares in Alibaba dropped around 6% Thursday morning on reports of the Chinese tech giant’s slowest revenue growth since its landmark US listing in 2014. The company’s shares eventually rebounded slightly to close 0.7% down on the US market. Alibaba’s total revenue for the quarter ended December 2021 grew 10% year…

Alibaba’s revenue was RMB242,580 million (US$38,066 million) in Q4 2021, an increase of 10% year-over-year that was primarily driven by the revenue growth of China commerce segment by 7% year-over-year to RMB172,226 million (US$27,026 million), cloud computing segment by 20% year-over-year to RMB19,539 million (US$3,066 million), local consumer services segment…

Image: Getty Images Alibaba Group has reported its latest quarterly earnings for the period ended 31 December 2021, the first since the company unveiled its major restructuring plans at the start of December. Under the restructure, the Chinese internet giant has split its global and domestic e-commerce business into two…

Alibaba's quarterly revenue was up 10% from a year ago, its slowest in seven years...Read More

We analyze the financial figures reported by Chinese internet giant Alibaba...Read More

Chinese short video app Kuaishou is planning to block external links to Alibaba-owned e-commerce platform Taobao and online retailer JD from March. Taobao product links will be barred from displaying within the video app, while JD links will be blocked from showing in the shopping chart during livestreaming sessions, but still…

(Source: Lazada) Your browser doesn’t support HTML5 audio Chinese tech giant Alibaba had previously mentioned its intention to raise at least $1 billion for Lazada, its e-commerce platform in Southeast Asia, but has since rolled back its off. Bloomberg reported on Wednesday that the deal was called off since negotiations…

(Source: BEST Inc.) Your browser doesn’t support HTML5 audio BEST Inc., a smart supply chain solutions and logistics services provider in China, announced on Wednesday that Chen Jun has resigned from his position as a director of the company. Chen was nominated by Alibaba and its logistics arm, Cainiao Network,…

(Bloomberg) -- From Alibaba to Tencent, China’s largest companies are once again at the center of a market storm, spurred by speculation that Beijing is readying another assault on the world’s biggest internet arena. Most Read from Bloomberg Belarus Preparing to Send Soldiers, Report Says: Ukraine Update U.S., Europe Cut…

Chinese authorities recently asked state-owned companies and banks to launch a new round of checks regarding their exposure to and links with Ant Group, the financial company that belongs to Chinese tech giant Alibaba. The news caused Chinese tech stocks to plummet on Tuesday, with Alibaba seeing a 5.3% loss…