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18.02.26 - 13:01
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Moonshot AI targets US$12 billion valuation as overseas revenue surges for Kimi models (SCMP)
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Moonshot AI, the Chinese start-up behind the powerful Kimi artificial intelligence models, has added at least another US$700 million to its war chest after launching another funding round that could value it at up to US$12 billion.
The new round, which comes just over a month after its last one, could almost triple Moonshot's previous valuation of US$4.3 billion amid exploding investor interest in China's AI enterprises.
It was jointly led by existing investors including Alibaba Group Holding,......
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25.11.25 - 17:01
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Alibaba′s Profit Plunges 72% on Costly Foray Into Instant Retail (Caixin)
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Alibaba Group Holding Ltd. topped analysts' revenue forecasts for the September quarter, but saw profits plummet as the e-commerce titan poured billions into its burgeoning instant retail operations — an aggressive bid to stave off mounting competition.
For the three months ended Sept. 30, Alibaba reported revenue of 247.8 billion yuan ($34.9 billion), up 5% from a year earlier and ahead of market expectations, the company said Tuesday. But its non-GAAP net profit fell 72% to 10.4 billion yuan, sharply missing consensus estimates. Adjusted EBITA — an internal measure of operating performance — slid 78% to 9.1 billion yuan.
The company blamed the earnings slide on increased investment in on-demand delivery, user experience upgrades, and new technologies. “We are investing our profits and free cash flow into our future,” chief financial officer Toby Xu said. He noted short-term profitability would likely remain volatile. Over the past year, Alibaba has spent roughly 120 billion yuan on capital ex...
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25.11.25 - 14:39
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Alibaba: Gewinn bricht massiv ein – Aktie steigt dennoch (Der Aktionaer)
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Alibaba hat am Dienstag seine Quartalszahlen veröffentlicht und die Erwartungen übertroffen. Besonders stark präsentierte sich einmal mehr die Cloud-Sparte, in welcher man den Umsatz deutlich steigern konnte. Die Aktie reagiert am Nachmittag mit einem Kurssprung um mehr als drei Prozent....
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