News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
Alibaba Group (NYSE:BABA) reported June-quarter revenue growth of 9% as accelerating demand for artificial intelligence products and cloud services helped offset the effects of heavier technology investment on profitability. Chief Executive Officer Eddie Wu said Alibaba Cloud’s external revenue ros
Alibaba's (BABA) fiscal first-quarter earnings missed expectations even as revenue edged past Wall S
Alibaba Group (NYSE:BABA) reported a 75% drop in quarterly profit on Thursday, as heavy investment in artificial intelligence infrastructure squeezed margins at China's e-commerce and cloud giant. Net income for the June quarter fell to 10.4 billion yuan ($1.5 billion), missing analyst...
China’s technology giant Alibaba on Thursday reported a 75% drop in profit for the latest quarter as it invested big in artificial intelligence infrastructure, even as revenue coming from its AI-related services gained 45%. The Hong Kong- and U.S.-listed company, which started out in e-commerce and online retail but is increasingly focused on AI technologies, said that its profit for April-June was at 10.5 billion yuan ($1.6 billion), down from 43.1 billion yuan ($6.4 billion) the same quarter last year. Quarterly revenue grew 9% to almost 269 billion yuan (nearly $40 billion), with revenue from its AI cloud and compute services up 45% to 48.4 billion yuan ($7.2 billion).
Asian equities traded in the US as American depositary receipts were trending lower Thursday morning
The retailer's outlook fell short of expectations.
Cloud revenue jumped 45% as AI demand stayed strong. Summary
Quick commerce is emerging as a key growth lever for BABA, with surging orders, improving unit economics and broader platform engagement.
Alibaba's AI Growth Impresses, But Q2 Profit Miss Sends Shares Lower
Asking for a Trend Host Josh Lipton previews that top story line investors should keep an eye out for on Thursday, August 20th, including earnings from retailers Walmart (WMT) , Alibaba (BABA), Ross (ROST), and the latest read on the labor market with the Initial Jobless Claims.
Net income fell to 10.54 billion yuan in the June quarter, while cloud revenue grew 45% on surging AI demand
Q1 revenue grew 9% to $39.64 billion, but was below Wall Street’s estimate of $39.89 billion, according to Koyfin data.
Alibaba (NYSE:BABA) shares fell around 4% in U. S.
75 % That's the increase in quarterly capital expenditure that the Chinese tech and e-commerce company reported just now. It invested almost $10 billion in the three months through June, much of it on AI infrastructure.
Alibaba’s earnings slumped in its fiscal first quarter, as the Chinese e-commerce titan continued to invest heavily in artificial intelligence, racing to preserve its lead in the AI sector.
Investing.com -- Alibaba shares dipped around 4% in U.S. premarket trading Thursday after the Chinese e-commerce and cloud giant reported second-quarter earnings well below analyst expectations.
Investing.com -- Alibaba shares dipped around 4% in U.S. premarket trading Thursday after the Chinese e-commerce and cloud giant reported second-quarter earnings well below analyst expectations.
Alibaba Group Holding Ltd.’s profit plunged more than 75% after China’s e-commerce leader ratcheted up AI spending while grappling with a broad Chinese consumption slowdown.
Alibaba's financial subsidiary Ant Group's quarterly profits rose 1% year-on-year to around 4.7 billion yuan ($698 million) in the quarter ending June 30, Reuters calculations from Alibaba's quarterly earnings report showed. The fintech giant has been attempting to pivot towards agentic commerce, digital health and embodied AI services in recent years, with its hugely popular AQ AI personal health app. It said in June that it spent a record $5.17 billion on AI R&D in 2025.
↘️ Coty (COTY): The beauty company reported a steeper loss and guided for a drop in sales in the current quarter. Shares fell over 7% before the bell. ↘️ Moderna (MRNA): Shares pulled back 10% in premarket trading following yesterday’s 177% rally— the biggest gain for any stock in the S&P 500 in the past 25 years.
China's Alibaba on Thursday reported a 9% rise in quarterly revenue, as strong demand for AI services fueled growth in its cloud business, while an extended "618" shopping festival boosted its core e-commerce unit. As businesses increasingly deploy artificial intelligence applications, demand for the cloud computing power needed to train and run those systems has surged, benefiting China's largest technology companies. Alibaba, the country's biggest cloud services provider, has stepped up investment in AI infrastructure, proprietary models and applications, positioning the technology as a key growth driver for its cloud and consumer businesses.
U.S. stock futures mostly pointed higher, buoyed by the unexpected intervention that broadly lifted global market sentiment.
Today Earnings (a.m.): Walmart, Alibaba, Deere & Co., Advance Auto Parts, Earnings (p.m.): Ross Stores Economic data: Unemployment insurance initial weekly claims, Philadelphia Fed manufacturing survey, U.