Browsing: Alibaba

Aug 24 (Reuters) – Alibaba shares fell 8% in early Hong Kong trade on Monday after the tech ‌company finalised a HK$80 billion ($10.21 billion) share placement ‌at HK$112.70 apiece, in a deal aimed at funding artificial intelligence-related development.

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St’s investing ideas for FREE.

It fell well short of analyst profitability estimates, although its revenue was essentially in line.

China’s Alibaba reports a 75% drop in profit for the latest quarter from the year before to roughly $1.6 billion as it invests heavily in AI infrastructure

Add to Google Preferred Sources Alibaba announced a sweeping business reorganization alongside its fiscal Q1 2027 earnings release: China E-Commerce Group, Alibaba International Digital Commerce Group, and Hema will merge into a unified Alibaba E-Commerce Group; Cloud Intelligence Group and chip designer T-Head will combine into AI Cloud and Computing Services; and the AI model…

Alibaba Group Holding Ltd launched the beta version of an artificial intelligence (AI) music-generation model that can turn a single text prompt into a fully produced song, expanding the Chinese technology giant’s push into generative AI.

Alibaba Group (NYSE:BABA), the Chinese e-commerce group, has agreed to sell its video game division to Trustar Capital, the Asian private equity firm, in a transaction that Bloomberg News reported may value the unit at more than $1.5 billion.

The Latin American version of “Alibaba” — Mercado Libre (hereinafter referred to as $Latin American Commercial Services (MELI.US)) released its Q2 earnings on the morning of August 6. Overall, the growth of its business and revenue remains strong, with the nominal revenue growth rate close to 50%, significantly exceeding market expectations.