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Alibaba Group (NYSE:BABA) said its stepped-up investments in artificial intelligence, cloud computing and consumption businesses are beginning to translate into faster revenue growth, even as those investments weighed heavily on adjusted earnings and free cash flow in the March quarter. On the comp
SpaceX is gearing up for what could be the largest IPO ever. What does history have to teach us?
Alibaba's stock is up even though the company's profits sank.
Headline PPI month over month pole-vaulted to +1.4%, nearly 3x the +0.5% anticipated.
Strong AI and cloud demand helped offset weaker international e-commerce trends.
The tech giant has continued to invest heavily in artificial intelligence and fend off intense competition in the food-delivery space.
Alibaba stock fell following quarterly results.
Alibaba Group Holding Ltd. (NYSE:BABA) shares fell Wednesday after the e-commerce and cloud-computing company reported mixed fiscal fourth-quarter 2026 results, as strong revenue growth and accelerating AI momentum were overshadowed by a sharp decline in adjusted earnings. The company reported quarterly revenue of $35.28 billion, up 3% from a year earlier and slightly ahead of analyst estimates of $35.23 billion. Excluding the divested Sun Art and Intime businesses, revenue increased 11% on a li
(Bloomberg) -- Ant Group Co.’s quarterly profit continued to decline after the company increased investment in artificial intelligence technology for its health care, large language model and payment services. Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyMamdani Scraps Property Tax Hike, Counts Second-Home RevenueThe fintech company
China's Alibaba on Wednesday posted a 3% rise in fourth-quarter revenue on robust growth for its cloud computing and AI divisions, while its e-commerce unit benefited from a new round of government subsidies. Like other major tech giants, Alibaba too has benefited from soaring business demand for artificial intelligence. Revenue from Alibaba's Cloud Intelligence Group surged 38% to 41.63 billion yuan ($6.13 billion) from a year ago and was a touch ahead of estimates of 41.27 billion yuan.
Tencent Holdings extended its streak of double-digit profit growth in the first quarter despite the Chinese tech giant’s ballooning investments to stay ahead in China’s artificial-intelligence race, though revenue growth slowed. Tencent was previously focused on leveraging the technology to boost productivity and reduce costs across various businesses.
After Tuesday’s inflation report, focus turns to President Trump’s long-awaited visit to China, with the Iran war and tariffs likely to be central topics. Meanwhile, the OpenAI-Elon Musk trial continues in California and earnings are expected from companies including Cisco Systems.
(Bloomberg) -- Chinese companies’ second‑quarter profit outlook is set to improve after encouraging first‑quarter results, with rising exports and early signs of reflation boosting revenues, according to Morgan Stanley. Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyMamdani Scraps Property Tax Hike, Counts Second-Home RevenueIran Makes New Offer on Uranium in Response to US, WSJ SaysIn the f
(Bloomberg) -- Chinese investors are heading into the earnings season demanding proof that billions in AI spending by tech giants is paying off.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyMamdani Scraps Property Tax Hike, Counts Second-Home RevenueIran Makes New Offer on Uranium in Response to US, WSJ SaysThat spotlight will fall on Alibaba Group Holding Ltd. and Tencent Holdings Ltd. whe
Market Domination Overtime host Josh Lipton takes a look at the top stories for investors to watch on Wednesday, May 13, including President Trump's meeting with Chinese President Xi, Alibaba (BABA) and Cisco (CSCO) earnings, April's Producer Price Index (PPI) data, and commentary from Federal Reserve officials.
JD.com Inc. (NASDAQ:JD) is one of the 9 Stocks Big Short’s Michael Burry Is Betting On. On May 5, an SPDB analyst set a target price of HK$135 on JD.com Inc. (NASDAQ:JD) and maintained a Buy rating on the stock. This reflects a 14.5% upside from here on. Michael Burry usually backs stocks for much […]
Income for JD’s retail business jumped 17% from a year ago as the Chinese government rolls out subsidies to try to revive spending.
BABA heads into Q4 earnings with rising revenue estimates but steep profit declines, heavy subsidies and AI-driven spending clouding the near-term outlook.
Find insight on Nintendo, Damai Entertainment, StarHub and more in the latest Market Talks covering Technology, Media and Telecom.
The pace of first quarter earnings reports eases this week as economic data takes center stage, but investors will still be on the lookout for results from a handful of big corporations.
The pace of first quarter earnings reports eases this week as economic data takes center stage, but investors will still be on the lookout for results from a handful of big corporations.
The pace of first quarter earnings reports eases this week as economic data takes center stage, but investors will still be on the lookout for results from a handful of big corporations.
The pace of first quarter earnings reports eases this week as economic data takes center stage, but investors will still be on the lookout for results from a handful of big corporations.
The major indexes stretched their winning streak to six weeks, the longest since October 2024. This week nine S&P 500 companies report results, including Constellation Energy on Monday, Cisco Systems on Wednesday, and Applied Materials on Thursday. The highlight of the economic calendar is the consumer price index, released by the Bureau of Labor Statistics on Tuesday.
Alibaba is preparing to unveil the integration of its AI platform Qwen and online marketplace Taobao, a move that seeks to drive shopping with conversations rather than keyword searches, according to a source familiar with the decision. The move will enable consumers to browse, compare and purchase items via the Qwen app by chatting with the artificial intelligence agent, rather than manually navigating product listings. The Qwen app will have access to the entire Taobao and Tmall catalog of over 4 billion products, backed by a "skills library" capable of managing logistics and after-sales services.
RealReal (NASDAQ:REAL) reported first-quarter 2026 results that exceeded its expectations, with management pointing to stronger buyer engagement, higher-value transactions and improving operating efficiency across the luxury resale platform. Chief Executive Officer and President Rati Levesque said
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