Thursday, August 10, 2023

Alibaba reports Q1 revenue up 14% YoY to ~$32.2B, beating analyst estimates of ~$31.1B, and a ~$4.7B net income, as its core e-commerce arm returned to growth (Bloomberg)

Bloomberg:
Alibaba reports Q1 revenue up 14% YoY to ~$32.2B, beating analyst estimates of ~$31.1B, and a ~$4.7B net income, as its core e-commerce arm returned to growth  —  - Core e-commerce returned to growth for first time in a year  — Alibaba is trying to revive its business in a volatile economy



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PE firm Everstone combines India's Wingify, which helps A/B test sites, and France's AB Tasty, which improves e-commerce UX; Everstone bought Wingify for $200M (Jagmeet Singh/TechCrunch)

Jagmeet Singh / TechCrunch : PE firm Everstone combines India's Wingify, which helps A/B test sites, and France's AB Tasty, which...