Alibaba and Tencent lost a combined $66B in market value in ~24 hours after investors punished the two Chinese tech leaders for unclear AI monetization plans
Alibaba Group Holding Ltd. and Tencent Holdings Ltd. lost $66 billion of market value in roughly 24 hours, after the market punished …
Alibaba reports Q3 revenue up 2% YoY ~$41.3B, vs. ~$42B est., and net income down 67% YoY to ~$2.4B, as it seeks to monetize AI to help offset e-commerce losses
Alibaba Group Holding Ltd.'s earnings plunged while revenue barely grew, underscoring the urgency behind the Chinese e-commerce leader's drive …
Sources: Chinese chip designer Montage, a Shanghai-listed company valued at ~$22B, plans a Hong Kong IPO that could raise $900M+, backed by Alibaba and JPMorgan
Chinese chip designer Montage Technology Co. is set to enlist Alibaba Group Holding Ltd. and JPMorgan Asset Management among …
Alibaba reports Q2 revenue up 5% YoY to ~$35B, vs. ~$34.5B est., Chinese e-commerce revenue up 16% YoY, and net income down to ~$3B, as it boosts cloud spending
Alibaba Group Holding Ltd. posted better-than-projected 34% growth in its cloud business, offsetting a plunge in profit …
Alibaba reports Q3 revenue up 3% to ~$29B, slightly above estimates, and a surprise ~$2.9B net loss, compared to an expected ~$2.6B profit
Alibaba Group Holding Ltd. reported a surprise loss after quarterly revenue barely grew, as China's rigid Covid controls continue to sap consumer sentiment.
Pakistan-based Dastgyr, which is building an e-commerce service, raised a $37M Series A, the country's largest-ever, led by telecom Veon's venture arm
Pakistan's Dastgyr Technologies Pvt., which aims to create an e-commerce platform similar to Alibaba Group Holding Ltd. for emerging markets …
Alibaba misses with Q2 sales of $31.4B, up 29% YoY but below $32.1B estimates, as net income reached $846M
- Outlook fell short as quarterly sales numbers missed estimates — China's e-commerce leader struggling with slowing consumption — Alibaba Group Holding Ltd. slashed …
Alibaba says it will invest $28B over the next three years to expand cloud infrastructure, such as data centers, to extend its cloud services to more countries
Alibaba Group Holding Ltd. will invest 200 billion yuan ($28 billion) on cloud infrastructure such as datacenters over the next three years …
Sources: Alibaba is planning to launch a Hong Kong IPO next week with plans to raise as much as $15B
- It's said to proceed with listing hearing early next week — Alibaba's share sale comes after a U.S.-China agreement — Alibaba Group Holding Ltd. is moving ahead with plans …
Sources: Alibaba to invest $1B+ in Chinese food-delivery service Ele.me, valuing the company at $5.5B to $6B
Ele.me said to be valued at $5.5 billion to $6 billion — The Chinese food delivery service competes with Meituan — Alibaba Group Holding Ltd. and its financial services affiliate plan …