On Wednesday, March 29, March 29, March 29, 2023, inscriptions at Alibaba Group Holding Ltd. In Beijing, China. Tech Titans as he unlocks potentially billion dollars in the value of shareholders.
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Chinese e-commerce Titan Alibaba On Thursday, in her December, the quarterly defeated the expectations on the upper and lower lines, citing continuous strength in her intelligence coast unit.
Alibaba said the net income reached 48.945 billion Juan ($ 6.72 billion) in the quarter of December 31, compared to the forecast of LSEG of 40.6 billion Juan.
Revenues came to 280,154 billion Juan, opposite the expectations of analysts of 279.34 billion Juan.
The company’s shares have increased by about 50% and on the New York and Hong Kong Stock Exchange in the year.
“The results of this quarter have shown significant progress in our strategies” First, AI-Veden “and the growing growth of our fundamental companies,” said Alibaba EDDIE WU director in a statement accompanied by the results.
“Our cloud revenue increased by a two-core number of 13%, and the revenue from the AI products reached a three-digit growth in the sixth consecutive quarter. Looking forward, increasing revenue in Cloul Intelligence Group will continue to accelerate.”
This news of news is updated.
