Alibaba missed expectations for the June quarter of 2024 as it continues to face headwinds in its core e-commerce business amid rising competition and a cautious Chinese consumer.
Revenue was up 4% year-on-year, while net income dropped 29% year-on-year. Alibaba said the net income fall was"primarily due to a decrease in income from operations" and"increase in impairment" from its investments.White House says negotiated prices for Medicare drugs will save U.S. $6 billion, beneficiaries $1.5 billion in first year
Wu has previously said the company intends to release new monetization features for its e-commerce platforms that should return the Taobao and Tmall business back to growth toward the latter half of 2025.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
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Japan's SoftBank reduces its investment losses with gains in Alibaba and other holdingsJapanese technology giant SoftBank Group has reported a smaller loss for the April-June quarter compared to a year earlier.
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Japan's SoftBank reduces its investment losses with gains in Alibaba and other holdingsJapanese technology giant SoftBank Group has reported a smaller loss for the April-June quarter compared to a year earlier.
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Japan's SoftBank reduces its investment losses with gains in Alibaba and other holdingsJapanese technology giant SoftBank Group has reported a smaller loss for the April-June quarter compared to a year earlier. Tokyo-based SoftBank said Wednesday that its losses in the last quarter totaled 174 billion yen, or $1.2 billion. It racked up nearly 478 billion yen in red ink in the same period of last year.
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Alibaba Stock Price Faces Headwinds Ahead of EarningsE-commerce giant Alibaba will report on 15 August, and weaker performance is expected due to growing competition and a slowing Chinese economy.
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