Thursday, May 16, 2019

Alibaba beats revenue expectations on cloud boost

Alibaba is diversifying to include new business lines such as cloud computing as a boom in its core e-commerce has peaked and its top line growth is slowing. http://bit.ly/2JjXTWV https://ift.tt/eA8V8J

No comments:

Post a Comment

Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...