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, 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 […]