Alibaba Group recorded a revenue increase of 8% year-over-year(y/y) in the third quarter of 2024 despite poor performance in China, supported by cloud and e-commerce growth, the fastest in 2 years. The revenue recorded during the quarter was $ 38.3 billion, an 8% increase y/y, surpassing expectations as sales jumped by 13% y/y. Income from […]
Catenaa, Friday, February 21, 2025 – Asian stocks climbed to a three-month high on Friday as investors rallied around Chinese tech stocks with enthusiasm for Artificial Intelligence(AI). MSCI’s broadest index of Asia-Pacific jumped more than 1% to its highest since November 8 on Friday, putting the index on track for a sixth straight week of gains, the […]
Catenaa, Monday, March 03, 2025- Baidu plans to offer about $ 1.4 billion of bonds offshore, a report by Bloomberg said on Monday, as the company has security payments due in April. Quoting people familiar with the matter, the report said, the operator of China’s leading search engine, plans to issue 10 billion yuan of bonds, […]
Catenaa, Friday, March 07, 2025- China top tech stocks have added $ 439 billion to the market so far in 2025, outperforming US magnificent seven stocks, a report from Bloomberg said on Friday. The report said an equal-weighted basket of China’s seven tech heavyweights including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. — dubbed the “7 titans” […]
Catenaa, Thursday, May 1, 2025-FLock.io, a decentralized AI training platform, announced Thursday a collaboration with Alibaba Cloud to develop advanced artificial intelligence models. The partnership will use Alibaba Cloud’s Qwen, a leading large language model, along with cloud infrastructure to create both domain-specific and general-purpose AI systems. The agreement includes not only technical integration but […]
Catenaa, Tuesday, February 18, 2025 – Hong Kong’s (HK) Hang Seng TECH Index, which represents the 30 largest listed technology companies, recorded a 3-year high on Tuesday after it gained over 3% fueled by the Al rally and promised relief by Chinese President Xi Jinping. Hoever, China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes moved little […]
Catenaa, Friday, March 21, 2025– E-commerce giant Temu parent company PDD Holdings revenue grew by 24% in the December quarter, the company said on Thursday, missing the market estimates with low domestic demand and US Tariffs. The e-commerce company reported revenue of 110.6 billion yuan ($15.3 billion) for the December quarter, compared with LSEG analysts’ […]
Catenaa, Monday, May 05, 2025-Two Republican lawmakers are pressing the US Securities and Exchange Commission (SEC) to delist Alibaba Group and other major Chinese companies from American exchanges, citing concerns over ties to China’s military and the potential risk to national security, according to the Financial Times. John Moolenaar, chair of the House Select Committee […]