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, Thursday, February 20, 2025 – Walmart global sales grew by 16% in 2024, the earnings report for the fourth quarter released on Thursday showed, as the e-commerce giant records more than expected profits FY2025. Walmart’s global e-commerce sales grew 16%, led by store-fulfilled pickup & delivery and the US marketplace, while growth was negatively affected by […]