The logo of Alibaba Group is seen at the company's headquarters in Hangzhou Zhejiang province China
17 August, 2019, 10:31
"We continue to invest for long-term growth while, at the same time, gaining cost efficiencies in our investment areas", said Alibaba.
On Thursday, the 15th of August 2019, Alibaba Group Holdings Ltd., the Chinese multinational conglomerate engaged in e-commerce, retail, internet services and technology, had posted a better-than-projected quarterly earnings' report for second quarter of the year, mostly triggered by growth in its cloud computing and e-commerce businesses.
US -listed shares in the company, which makes money primarily by selling advertising and promotional services to third-party merchants on its Taobao and Tmall sites, rose 3% to $166.72 in trading before the bell.
Alibaba and Chinese tech firm Netease are in talks on the internet giant's potential acquisition of its cross-border e-commerce platform Kaola, which would be merged with Tmall.
The two companies are helping Wall Street breathe a sigh of relief after the worst day of trading in 2019. However, with aggressive subsidies to increase market share, Kaola has never turned a profit.
WeWork to test IPO investor appetite with widening losses The company also reported that it had 527,000 members as of June 30, an increase of more than 90% from the year before. WeWork had been targeting a share sale of about $3.5 billion in September, people familiar with the matter have said.
Following the release of Alibaba's earnings results, the company's stocks rallied on Thursday. Revenues at its online marketplaces Taobao and Tmall improved 26%, while sales in its cloud computing unit - which competes with Amazon - jumped 66%, driven by an increase in average revenue per customer. Additionally, the company plans to expand its own roster of services with an emphasis on high-growth categories such as analytics, artificial intelligence and cybersecurity.
Alibaba's e-commerce and physical retail operations, which constitute the bulk of the Core Commerce business to which Alibaba Cloud belongs, grew as well in the past quarter.
The company announced that its active consumer network has now reached 674 million users, an increase of 17% compared to a year ago.
But England altered the momentum of the morning with two wickets for no runs in four balls as Australia's 60-1 became 60-3. We re a long way away from that. "I can't work miracles - I'll try to but I don't think that's how it might pan out".
A Customs and Border Protection official said there is no indication the temporary outage is related to nefarious activity. JFK, New York: One traveler shared this picture, writing: "Here's a better perspective of the customs line at JFK".
This bummer-ass bit of news also comes with the report that Lobo , a planned spinoff series starring Emmett J. Following its cancellation by Syfy , Expanse found a new home at Amazon, recently earning a renewal.
Vajpayee died, aged 93, on August 16 a year ago at the All India Institute of Medical Sciences (AIIMS) after a prolonged illness. The uncertainty is meant to deter use of conventional force by India in response to its use of terror proxies.
Sitting on a garden bench next to Kareena-who has Taimur on her lap-Saif is seen in a red shirt, black vest, black jeans. The picture, that is now going viral, shows Saif cutting a cake as Kareena looks on with a glowing face.
But when the sun sets, underground races rule the streets and you're encouraged to risk it all to own the night. The studio also worked on the Need for Speed reboot in 2015, before releasing Need for Speed Payback in 2017.
The government of Gibraltar said it confirmed that the vessel was the property of the state-owned National Iranian Oil Company. Shortly after that, Iran seized the British-flagged oil tanker Stena Impero , which remains held by the Islamic Republic.
Ney, 21, was captured on camera just before 2pm after allegedly killing Michaela Dunn at a nearby apartment. "She was working. Do you have a message for the family in this hard time? Have you been following this story?
After a bad bout of travel sickness last season Arsenal uncharacteristically ground out a 1-0 win away to Newcastle last Sunday. Arsenal's Mesut Ozil and Sead Kolasinac trained this week and are in contention to play after security concerns .
Oil inches above $60 as US delays tariffs on Chinese goods
Global economic worries, amplified by tariff conflicts and uncertainty over Brexit, are also hitting European economies. Both reports underlined the widening economic cracks as the trade war between the United States and China intensifies.
First two Ebola cases confirmed in Congo's South Kivu
Now a year into the epidemic , there are concerns that we're running out of the current vaccine , produced by Merck. The cases in South Kivu come on the heels of an announcement of a breakthrough in the quest for drug to treat Ebola.
Nancy Pelosi says Good Friday deal will be defended
This would threaten the Good Friday Agreement and potentially risk a resumption of "the troubles" in Northern Ireland. Congress is split between Democrats, who control the House, and Trump's fellow Republicans, who control the Senate.
Landry Jones becomes the first QB to sign with the XFL
In his time with the Sooners, from 2008-12, Jones tallied 16,646 passing yards and 126 touchdowns. "I can't wait to suit-up". Jones has started five games in his National Football League career, and he's held his own for the most part.
Dow Suffers Worst Day Of Year On Recession Fears
Bonds have been under pressure, however, as risk-adverse investors have fled to them for safety - driving down yields. In fact, the last time the US curve inverted, in 2007, was just before the economic crash in 2008.