Categories AlphaGraphs, Earnings, Retail
Infographic: Key highlights of Alibaba (BABA) Q4 2020 earnings results
Chinese e-commerce giant Alibaba Group (NYSE: BABA) reported a 22% increase in its revenue for the fourth quarter of 2020 backed by solid performance of its domestic retail businesses as well as robust cloud computing revenue growth. This is despite a challenging quarter due to reduced economic activities in light of the COVID-19 pandemic in China.
The pandemic has fundamentally altered consumer behavior and enterprise operations, making digital adoption and transformation a necessity. Although the pandemic negatively impacted most of the domestic core commerce businesses starting in late January, the company has seen a steady recovery since March.
Based on the current view of Chinese domestic consumption and enterprise digitization, the company expects to generate over RMB650 billion in revenue in fiscal 2021.
Past Performance
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
