Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Nanjing, Alibaba office building in Jiangsu region, China, on August 28, 2024.
Cfoto | Future Publishing | Getty pictures
Alibaba Shares fell on Thursday after the Chinese e-commerce giant earn a profit for Fiscal fourth quarter in the upper and lower line.
The shares decreased by about 8%.
Here, in the fourth quarter of Alibaba, what in March, ended in March:
- Revenues: $ 236.5 billion in Chinese Yuan ($ 32.6 billion), is expected with 237.2 billion yuan
- Net income: 12.4 billion yuan is expected compared to 24.7 billion.
When the analyst fell shortly after expectations, revenues again increased by 7% per annum.
Alibaban’s net income was still 279% high, outside a low base. As a result of the order of some subsidiaries, which replaced revenues and changes in revenue in the assessment of Alibaba, operations and capital investments, he said.
However, the analysts hoped that the company’s investments in artificial intelligence and the main e-commerce will help them to increase or overtake high expectations.
However, Alibaba fights macroeconomic variations affecting the senses in China. Washington’s trade war in Beijing has created uncertainty in the world’s second largest economy, which has seen great tariffs that Alibaba has hit both sides during the last quarter.
Beijing and Washington agreed to stop the most tariffs for each other’s property this month.
Alibaba’s main Taobao and TMALL GROUP Division – The company’s Chinese e-commerce revenues rose from 9% to 101.4 billion yuan. This growth rate is faster than the previous quarter. Alibaba’s platform, customer management revenues, which consists of selling trade and other services to merchants, jumped 12% per annum. This is a great income driver for the company.
During the last few months, China also presented policies for consumer and consumer shopping.
To increase purchases on trade and Taobao platforms, Alibaba, Rednote or Xiaohongshu, in China, a partnership in China, has extended a partnership in Khiaram. The bargain allows the Taobao connection to access rednote posts, so users can be taken directly to the product shopping page.
With the call of earnings on Thursday, Alibaba management said that the company will invest in the so-called “aggressor” model. This month this month, a feature presented in Taobao this month, providing the supply of certain products in China for an hour, alibaba’s offer to continue to distinguish from their competitors.
Alibaba heads said hope will engage more in the application of Taobao.
Even with these changes, Alibaba, PDD and JD.com, including competitors, face a dense price war in China.
Cloud growth is accelerated
Alibaba, 30.1 billion yuan in the quarter of March, 30.1 billion yuan increased by 18% to 18%, as an annual rate increased faster than an increase in the previous quarter.
The company said that this was “increasing public cloud revenue” and “increasing products related to the EU.”
Investors also focused on the efforts of Alibaba’s artificial intelligence, and it turned into a leading player in a local and world.
In April, Hangzhou-headquarters presented the latest version of the large language model of the open source used in Alibaba AI Assistant Gwen 3.
In China, the AI competition was worse and aggravated by the Innovative model of Deepseek, which began earlier this year. Meanwhile, the Chinese Tech Giant Tencent on Tuesday announced a 91% annual increase in the first quarter in the first quarter.
Alibaba CEO Eddie Wu, in releasing a profit, said that the product revenues of the AI obtained “three-digit growth for the seventh quarter”. Did not show a figure for Wu AirThe palm is coming.
During the earnings on Thursday, Wu said that the companies changed to the cloud-based AI services. According to him, for the next quarter of the company, Alibaban said he saw “an important way to revenue” for the cloud work.
“We have very strong faith and confidence in this,” Wu said, according to a company provided by a live translation of his comments.
