Alibaba delivered weaker-than-expected profit and revenue in the latest quarter as the e-commerce titan focused on getting growth back on track amid fierce domestic competition, a weakened Chinese economy and changing consumer behaviors.
Related Posts
Harmony Gold Mining Profits Boosted by Higher Gold Prices
Harmony Gold Mining reported a higher net profit and strong revenue growth for the fiscal year, reflecting the company’s ability to capitalize on higher gold […]
Discover Financial, SEC Working to Resolve Misclassification Matter
The SEC’s comments largely focus on the allocation of previously incurred card misclassification charges between revenue and expense, Discover said.
Nvidia’s Ascent to Most Valuable Company Has Echoes of Dot-Com Boom
The chip maker passes Microsoft for the top spot, just as John Chambers-led Cisco Systems did two decades ago. He says the situation now is […]