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Alibaba is sometimes called the Amazon of China because the two companies have similar business models.
It has been a wild few years for Alibaba (NYSE: BABA). More recently, the company announced results for the fiscal 2023 fourth quarter (ended March 31) that missed analyst estimates for sales, but beat on earnings per share. In the fourth quarter of 2023, 74% of Alibaba's total revenue came from the China and International Commerce groups.
Alibaba (NYSE: BABA) captures a meaningful part of its revenue and operating income from consumer activity in China. Fool.com contributor and finance professor Parkev Tatevosian discusses how Alibaba plans to benefit from the Chinese economic reopening.
Fool.com contributor and finance professor Parkev Tatevosian discusses the big news from Alibaba (NYSE: BABA) that has everyone talking about the company. *Stock prices used were the afternoon prices of May 23, 2023.
Hello, this is Kenji in Hong Kong. Speaking at a hotel in downtown Hong Kong, the management, including chair and chief executive Yang Yuanqing, tried to focus on positives: revenue and profit growth in its two non-PC segments, and the prospect of an early recovery in its core PC business, which suffered from weak demand and excess inventory. Earlier the same day, news broke that Alibaba’s cloud computing business will cut its workforce by 7 per cent.
Despite mixed earnings reports from Chinese tech giants like Baidu, Alibaba and Tencent, analysts remain optimistic about the future of China's tech sector.
Shares of Chinese e-commerce giant Alibaba (NYSE: BABA) dipped in morning trading on the NYSE Tuesday and remain down 2.4% as of 12:45 p.m. ET on news that the company's cloud computing business is laying off workers. Bloomberg broke the story today, reporting that Alibaba will lay off 7% of the employees at its cloud computing division before spinning this division off and IPO'ing it. Alibaba Cloud is the company's second-biggest division by revenues (after e-commerce, of course), but after strong growth for years, its sales declined 5% last year -- and Cloud still isn't profitable for Alibaba.
Investing.com -- Stocks in focus in premarket trade on Tuesday, May 23rd. Please refresh for updates.
Alibaba (NYSE: BABA) reported quarterly financial results that have huge implications for investors. Fool.com contributor and finance professor Parkev Tatevosian updates his recommendation on Alibaba stock.
Several Chinese stocks rose today after positive sentiment from Wall Street and recent comments made by President Biden.
Alibaba (BABA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
By Louis Juricic and Sarina Isaacs
Alibaba's (NYSE: BABA) stock dropped 5% after it posted its latest earnings report on May 18. For the full year, Alibaba's revenue and adjusted earnings per ADS grew 2% and 4%, respectively. Should investors buy Alibaba's stock, which has plummeted more than 70% from its all-time high in October 2020, as a value play on China's COVID-19 recovery?
Alibaba's (BABA) fourth-quarter fiscal 2023 results reflect strength across the International commerce segment, local consumer services and Cainiao logistics businesses.
Alibaba beat earnings estimates but missed on revenues when it reported fourth-quarter fiscal 2023 results.
Investing.com -- Comments from lawmakers in Washington spark hopes that they can agree on a deal to raise the U.S. debt ceiling and avoid a default that could have far-reaching consequences. Meanwhile, reports say that Ukraine's president will make an unexpected journey to the G7 summit in Japan, where Western leaders are preparing to unveil fresh sanctions against Russia.
Investing.com -- Hong Kong-listed shares of e-commerce giant Alibaba Group (HK:9988) sank on Friday as a slowing economic rebound and growing competition in China, its biggest market, spurred disappointing quarterly earnings.
Image source: The Motley Fool. Alibaba Group (NYSE: BABA)Q4 2023 Earnings CallMay 18, 2023, 7:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, ladies and gentlemen.
Shares of Alibaba (NYSE: BABA), the Chinese tech giant, were slipping today after it reported sluggish revenue growth in its March quarter earnings report. It also continued to make progress on its breakup plan, approving the spinoff of its cloud business. Alibaba continued to struggle with a challenging consumer environment in China as the e-commerce sector matures and it faces competition from Pinduoduo parent PDD Holdings and TikTok owner ByteDance.
In this video, I will talk about Alibaba (NYSE: BABA), review its recent earnings report, and explain why the stock is down on a double-beat earnings report. *Stock prices used were from the trading day of May 17, 2023.
The Yahoo Finance Live team breaks down stocks remaining mixed this morning, including Alibaba, Walmart, technology stocks, and the impact of Canada Goose's earnings report on the stock.
Yahoo Finance Live discusses a drop in shares of Alibaba despite the company beating estimates on the top and bottom line.
Investing.com -- Stocks were mixed after earnings from Walmart (NYSE:WMT) and Cisco as investors watched for signs the debt ceiling debate was nearing an agreement. Here are the market movers for May 18.
Chinese tech giant to list logistics and grocery arms and spin off cloud division in big restructuring
Investing.com -- Here is your Pro Recap of the biggest earnings reports you may have missed this week: Walmart delivers a great quarter, Target and Home Depot suffer from soft consumer demand, and Alibaba earnings come in mixed.