Alibaba reports Q1 revenue up 4% YoY to ~$34B, below ~$34.9B est., and net income down 27% YoY to ~$3.4B, after aggressive promotions failed to drive spending (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Alibaba reports Q1 revenue up 4% YoY to ~$34B, below ~$34.9B est., and net income down 27% YoY to ~$3.4B, after aggressive promotions failed to drive spending  —  - Net income dived 27% as spending on promotions ballooned  — Commerce shrank in a worrying sign for Chinese consumption

Posted from: this blog via Microsoft Power Automate.

Daily Deals