Alibaba Revenue Beats Estimates On Strong Single Day Sales
Chinese e-commerce company Alibaba Group Holding Ltd reported a better-than-expected 54 per cent rise in third-quarter revenue, helped mainly by higher sales during its Single's Day shopping event.
Alibaba's revenue was 53.25 billion yuan ($7.67 billion) for the three months ended December 31, compared with analysts' average estimate of 50.10 billion yuan, according to Thomson Reuters.
Revenue from Alibaba's core e-commerce business increased 45 per cent, more than the 41 per cent jump in the previous quarter.
Net income attributable to the company's shareholders increased 43 per cent to $2.57 billion, or $1 per share.
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The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
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Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
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Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
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Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
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The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
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Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
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