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30.08.25 - 15:01
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Alibaba sees strong consumer mindshare in instant commerce push (SCMP)
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E-commerce giant Alibaba Group Holding has won “consumer mindshare” amid its instant commerce push, according to company executives and analysts, to regain growth momentum in the highly competitive domestic market.
The Chinese tech conglomerate's New York-listed shares jumped 13 per cent to close at US$135 on Friday, after reporting robust earnings growth in the June quarter on the back of confidence on the mainland's instant commerce sector.
On Friday's earnings call, Alibaba CEO Eddie Wu......
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29.08.25 - 22:12
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Why Alibaba Rallied Today (Fool)
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Alibaba reported strong revenue growth, while the "Wall Street Journal" highlighted its artificial intelligence (AI) efforts....
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29.08.25 - 21:06
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Alibaba Shares Soar on AI and E-Commerce (Bloomberg)
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Alibaba's core e-commerce business is showing strong signs of growth after restructuring, says Jacob Cooke, co-founder and CEO of e-commerce consultancy WPIC Marketing + Technologies. Cooke joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)...
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29.08.25 - 17:12
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Nvidia Falls On Report Alibaba Designs New AI Chip (ZeroHedge)
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Nvidia Falls On Report Alibaba Designs New AI Chip
Alibaba shares in New York jumped 8% at the start of the U.S. cash session on Friday after the Chinese e-commerce giant reported higher revenue amid China's AI boom, helping offset an unexpected drop in profits.
However, the focus isn't on earnings, but instead on a new report that Alibaba has developed a high-powered chip that could compete with Nvidia.
The Wall Street Journal reported earlier that Alibaba has developed a new AI chip "that is more versatile than its older chips" and could begin "filling the void left after Nvidia ran into regulatory barriers to selling its products in China."
The news has dragged NVDA down almost 3%...
Washington continues to block sales of Nvidia's most advanced chips and to prevent Taiwan Semiconductor Manufacturing Co. from fabricating Chinese AI processors on cutting-edge machines.
Related:
Nvidia Halts China-Specific H20 AI Chip Production, Information Says
As a result, ...
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29.08.25 - 15:54
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Stock Market Live August 29: S&P 500 (VOO) Falls as Inflation Heats Up (24/7 Wall St.)
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Live Updates Live Coverage Updates appear automatically as they are published. Alibaba Misses, Alibaba Stock Pops 9:38 am Chinese e-commerce giant Alibaba (NYSE: BABA) missed on its own Q2 earnings this morning, reporting a profit of RMB14.75 where Wall Street wanted to see RMB15.47. Revenue also fell short of expectations at RMB247.7 billion. Investors are […]
The post Stock Market Live August 29: S&P 500 (VOO) Falls as Inflation Heats Up appeared first on 24/7 Wall St.....
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29.08.25 - 15:24
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Futures Drop Led By Tech Ahead Of PCE Data (ZeroHedge)
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Futures Drop Led By Tech Ahead Of PCE Data
US equity futures are lower after closing at a new all time high, dragged by tech stocks as traders cut risk ahead of today's core PCE data that may test expectations for the pace of Fed rate cuts. As of 8:00am ET, S&P futures are down 0.3% and Nasdaq futures fell 0.5%: in premarket trading, Alphabet dropped 1.2% leading losses among the Magnificent Seven giants; Nvidia shares extended their premarket decline to over 1%, after the Wall Street Journal reported Alibaba had created a new AI chip. Dell slumped more than 6% after reporting slower sales of artificial intelligence servers. Europe's Stoxx 600 also dropped 0.4% while bond markets weakened across the board amid ongoing political turmoil in France. US Treasuries fell, with the yield on 30-year notes rising three basis points to 4.90% while the dollar gained 0.2%, putting it on track to snap a run of three weekly losses. Attention today will be on the July personal income/spending which ...
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29.08.25 - 15:13
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Alibaba liefert – aber das kostet Milliarden (Der Aktionaer)
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Die Rabattschlacht hat einen hohen Preis: Der chinesische E-Commerce-Riese Alibaba hat im ersten Quartal des laufenden Geschäftsjahres zwar mehr umgesetzt – die Erwartungen der Analysten wurden jedoch verfehlt. Der Umsatz stieg im Jahresvergleich um 1,8 Prozent auf 247,65 Milliarden Yuan (rund 31,5 Milliarden Euro)....
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29.08.25 - 13:49
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KI macht Kasse: Alibaba: Cloud-Wachstum & Chip-Poker gegen Nvidia lassen Aktie steigen (Wallstreet-Online)
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Starkes Cloud-Wachstum treibt Alibabas Umsätze nach oben. Mit einem eigenen KI-Chip könnte der Konzern sogar Nvidia Marktanteile abjagen.. --- Alibaba hat im jüngsten Quartal trotz schwachem Heimmarkt die Anleger überzeugt. Der Umsatz stieg um 2 Prozent auf 247,7 Milliarden Yuan (34,6 Milliarden US-Dollar) und lag damit unter den Erwartungen, während das Nettoergebnis durch Gewinne aus Beteiligungen deutlich zulegte. Ohne diesen Effekt wäre der Nettogewinn um 18 Prozent gesunken, da das Unternehmen Milliarden in den hart umkämpften Schnellliefermarkt investiert.. --- Für Rückenwind sorgte dagegen die Cloud-Sparte, die ihre Erlöse um 26 Prozent steigerte. Besonders die Nachfrage nach KI-Produkten trieb das Geschäft: Zum achten Mal in Folge erzielten diese dreistelliges Wachstum..
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29.08.25 - 13:00
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Alibaba′s quarterly profit surges 78% on equity investments, disposals (SCMP)
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Alibaba Group Holding, China's e-commerce and cloud computing services giant, on Friday reported a 78 per cent surge in profit for the June quarter, while “robust AI demand” led to 26 per cent revenue growth for its cloud business.
Net income attributable to ordinary shareholders advanced 78 per cent to 43.1 billion yuan (US$6 billion) in the period, up from 24.3 billion yuan a year earlier, primarily due to “mark-to-market changes from our equity investments and gains from the disposal of the......
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