Alibaba Stock News

Alibaba missed on revenue estimates and reported the slowest growth since it went public.

Alibaba said group revenue rose about 10% in October-December 2021, marking the first time quarterly sales growth has fallen below 20%

Alibaba has reported its slowest quarterly sales growth since its 2014 public listing, as the Chinese ecommerce giant was hit by Beijing’s regulatory crackdown on technology groups and rising competition. The group said on Thursday total revenue grew by only 10 per cent to Rmb243bn ($38bn) in the final three months of last year, with […] Alibaba reports slowest quarterly sales growth since 2014 listing

Alibaba stock fell in premarket action as the China e-commerce giant reported quarterly earnings that missed analyst estimates

Alibaba reported its slowest quarterly revenue growth in the December quarter since going public in 2014. READ FULL ARTICLE The post #alibaba falls 8% after it reports slowest ever revenue growth and misses expectations appeared first on ByteFunding .

© Reuters. FILE PHOTO: The logo Alibaba Group for is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo By Josh Horwitz and Nivedita Balu (Reuters) – Chinese e-commerce giant Alibaba (NYSE:) Group Holding Ltd reported on Thursday its slowest …

China''s Alibaba Group Holding Ltd on Thursday reported its slowest-ever increase in quarterly revenue since going public in 2014.

The Chinese e-commerce giant faced sluggish consumption in the world’s second-biggest economy and rising spending to counter competition from home-grown rivals.

The Chinese e-commerce giant faced sluggish consumption in China and rising spending to counter competition from homegrown rivals.

https://www.investing.com/news/economy/alibaba-reports-slowest-quarterly-revenue-growth-misses-expectations-2771150

U.S. stock futures fell sharply Thursday as Russia attacked Ukraine, causing global energy prices to jump and sending investors fleeing for the safety of fixed income assets. Futures for the Dow Jones Industrial Index were pounded 844 points, or 2.6%, to 32,222. Futures for the S&P 500 index fell 115 points, or 2.7%, to 4,106.75. Futures for the NASDAQ Composite Index plummeted 466 points, or 3.5%, to 13,041.50. Moscow launched the military action in Ukraine overnight Thursday. There were reports of explosions and missile strikes on several key Ukrainian cities including its capital, Kyiv. Russian President Vladimir Putin called the invasion “the demilitarization” of Ukraine and said Russia’s plans do not include the occupation of Ukrainian territories. Energy companies surged amid the rising prices. Devon Energy was up 5% and Chevron rose 4.2% in premarket trading. Bank stocks were among the big early losers, with Bank of America down 4% and Bank of New York Mellon slumping 6.3% in pre-market trading.

LMND, FUBO and BABA all dropped in pre-market action following the release of their respective quarterly results. CCRN rose following its earnings report.

https://www.investing.com/news/stock-market-news/alibaba-tumbles-on-slowest-quarterly-growth-since-going-public-2771261

Chinese e-commerce giant Alibaba Group Holdings Ltd. reported Thursday that net income for the third quarter plunged 74 percent from last year, despite 10 percent growth in revenues, hurt by a huge impairment of goodwill. In pre-market activity on the NYSE, Alibaba shares are losing around 5.6 percent to trade at $103.57.

Alibaba (BABA) shares fell sharply in premarket trading on Thursday as the Chinese e-commerce company posted revenues that topped $38 billion for the final three months of the year,…