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Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2026 earnings results today. Revenue was $34.8 billion, up 5% year-over-year. Net income attributable to ordinary shareholders was $2.95 billion. Adjusted net income was $1.45 billion, down 72% from the year-ago quarter. Diluted earnings per ADS was $1.23. Adjusted earnings per ADS was $0.61, down … Read more
Shares of Alibaba Group Holding Limited (NYSE: BABA) fell 8% on Thursday after the company delivered fourth quarter 2025 earnings results that missed expectations. Revenue and earnings for the quarter increased compared to the same period a year ago but fell short of estimates. Here are a few points to note on the company’s performance … Read more
An AI bubble may be forming in the U.S., according to Alibaba Group chair Joe Tsai. Speaking Tuesday at the HSBC Global Investment Summit in Hong Kong, Tsai said he was “astounded” by the AI data center investment figures he was seeing in the U.S., citing the $500 billion that OpenAI, SoftBank and Oracle say … Read more
Chinese President Xi Jinping’s meeting with entrepreneurs last month gave businesses confidence to make investments, Chairman of Alibaba Group Joe Tsai said at CNBC’s CONVERGE LIVE in Singapore on Wednesday. “People underestimate the importance of that meeting,” he said. “What that meeting did to the entire entrepreneur sector, or … the private business sector, is … Read more
Huawei’s Ren Zhengfei, BYD’s Wang Chuanfu, and Xiaomi’s Lei Jun were among the leading tech executives that met Xi Jinping on Monday. Read More
An Apple Store on Jan. 26, 2025, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Alibaba Group Chairman Joe Tsai confirmed on Thursday that the company was partnering with Apple to roll out AI for iPhones sold in China. He was speaking at the World Governments Summit in Dubai. “[Apple] talked … Read more
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