The latest fiscal report of Aliababa is probably is the most satisfying one in the company’s history after going public. Its revenue and net profit all surpassed the estimates made by the analysts at the Wall Street and it in fact assured some investors that the Chinese Internet giants is ...
underperforming the U.S. stock benchmark S&P 500 that edged up 0.48% to a close near its record set late March. The shares selloff came after the Chinese largest e-commerce group posted stronger-than-expected revenue while net profit suffered a plunge of 86%. ...
Alibaba said the bottom line was hurt by a net loss in investments, during the quarter due to mark-to-market changes (按市值计价变动). Adjusted net profit, which excludes items including share-based compensation expenses, investment gains and losses and some impairments, fell 11% to 24.42 ...
In its 2022 fiscal year (April 2021 to March 2022), Aliyun’s profit from earnings before interest, tax and amortization (EBITA) reached 1.15 billion yuan (US$170 million), up from a 2.2-billion-yuan loss a year ago. While finally making money, growth slowed from 50 percent last year,...
Net income attributed to ordinary shareholders decreased 86% YoY to RMB3.27 billion and Non-GAAP net income of RMB24.42 billion with a 11% YoY decline. Alibaba said the significant 86% decrease was primarily due to a net loss from investments in public-traded companies during the March quarter...
Choice as well as imporvements in monetization. The increase in investments in AliExpress and Trendyol’s cross-border businesses was the biggest drag for EBITA, which partially offest by Lazada’s significant reduction in operation loss from improvements in its monetization and operating efficiency. ...
AIDC's adjusted a beta with a loss of RMB 4.1 billion compared to a loss of RMB 2.2 billion in the same quarter last year. Loss increased primarily because of increased investment of businesses, including AliExpress Choice and the Trendyol cross-border business, partly offset by improvements in...
1QFY23 revenue in line with consensus; profit beat Alibaba’s 1QFY23 revenue stayed largely flat YoY at Rmb205.6bn, in line with market expectations. Its adjusted EBITA and non-GAAP attributable net profit were Rmb34.4bn and Rmb31.4bn, beating market expectations by 19% and 8% thanks to ...
Net income attributable to ordinary shareholders was the equivalent of $6.8 billion, up 69% from the same period a year before. Alibaba’s net profit was dented a year before,\ partly due to an impairment of goodwill related to its digital media and entertainment segment. ...
loss of RMB3.71 billion, widening 782% from a year ago. Analysts said losses from the segment will persist. Alibaba said revenue from ADIC was mainly supported by order growth from AliExpress’ Choice as well as imporvements in monetization. The increase in investments in AliExpress and Trendy...