Shares of Chinese e-commerce giant Alibaba, down 24.3% over the past six months, fell 3.2% at the start of trading on Thursday after the company released its report for the fourth quarter of fiscal 2021 ended in March.
The good news for Alibaba investors was a 64% increase in quarterly revenue compared to the same quarter a year ago to 187.39 billion yuan or $ 28.6 billion, up from analysts’ estimates of 180.41 billion yuan.
The number of active consumers on Alibaba’s trading platforms in China (customers who made at least 1 order in the last year) increased by 32 million to 811 million in the 12 months ended March 31.
For the entire 2021 fin. Alibaba’s total revenue for the year rose 41% to $ 109.48 billion and net income 30% to $ 26.25 billion.
In a press release, Alibaba said it had achieved such growth thanks to the strength of China’s consumer economy and the acceleration of digitalization in all spheres of life.
Alibaba’s forecast for the current 2022 fiscal year is revenue growth of 30% to 930 billion yuan.
A negative signal for the fourth quarter of 2021 in Alibaba’s report was a slowdown in revenue growth of its cloud computing business to 37% compared to the same period last year of $ 2.6 billion. This was due to the loss of the largest customer, whose name Alibaba did not name.
For the entire 2021 fin. year, the income of the Chinese market leader from cloud computing grew by 50%.
SoftServe is expanding its presence and opening new office spaces in four cities — Vinnytsia, Khmelnytskyi, Uzhhorod, and Odesa. They are available for 250 people working in these regions as well as other employees. The coworking in Vinnytsia where SoftServe has around 50 employees is already fully operating. Odesa is the next — office space […]
COMBINE ROAD AND COMFORT Shell is launching a new coffee brand Shell Café all over Central and Eastern Europe (CEE) (to replace […]
Radisson Hotel Group is proud to be the world’s first hotel group to make all meetings and events across 400+ hotels in its EMEA portfolio carbon negative. For every event taking place at its participating hotels, Radisson Hotel Group will offset double the carbon footprint, to ensure that every meeting has a positive impact on […]
During trading on Monday, October 11, the price of a barrel of Brent oil rose by 2% to $ 84.01. She reached this mark for the first time since October 2018. US WTI oil rose by $ 1.62 to $ 81.3 – the highest price since 2014, according to Reuters. It is noted that Brent […]
The agreement on a single corporate tax rate of at least 15 percent was signed by 136 states, which account for more than 90 percent of world GDP. The agreement is aimed at combating tax evasion by international corporations. The initiative was also signed by countries that were initially opposed to tax reform, such as […]
The savings of Ukrainian citizens outside the banking system are estimated at $ 30-35 billion. This estimate was given by the chairman of the National Bank Kyrylo Shevchenko during the Kyiv Economic Forum. There are different estimates of the “gray” economy. We in the National Bank believe that this is up to 30% of GDP. […]
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The new Tesla factory in Berlin may release the first electric cars next month. CEO Elon Musk stated this. Speaking at the plant, Musk said he hoped to get the green light to begin production in the coming weeks. The last consultation on public concern about the plant ends on October 14, after which the […]
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Shares of BlackBerry jumped sharply on auction on December 1 after the news of a partnership with Amazon Web Service. TechCrunch writes that together they will develop and sell a service for connected cars – IVY platform. Stock quotes at the beginning of trading on the New York Stock Exchange (NYSE) rose by 35%. The […]Next
During the pandemic, Delta lost three-quarters of its revenue over the same period last year. The company can avoid layoffs if management and the trade unions will be able to conclude an agreement to cut costs, and the White House will continue to provide subsidies to airlines. Currently, the airline employs 11,200 pilots. Back in […]Next
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At the end of 2015 between UniCredit Leasing and GREENSTONE group was signed an agreement for more than $ 1.5 million. According to the agreement, The GREENSTONE will fulfill the obligations of Creative with respect to leasing trucks, agricultural vehicles and passenger cars. The agreement with UniCredit Leasing involves the renewal of the lease and […]Next
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American Walmart announced its decision to join Microsoft and to participate together in the struggle for the acquisition of Chinese business TikTok in USA, Canada, Australia and New Zealand. “The way, how TikTok has integrated e-commerce and advertising capabilities in other markets, will be a clear advantage for creators and users in the particular markets,” […]Next
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During the week, the National Bank of Ukraine bought $ 228 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. So the NBU continued to buy currency on the interbank market, the bank increased it compared to last week ($ 15 million) […]Next
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Volkswagen AG, probably close to an agreement with the California regulator, who previously rejected a proposal by the German automaker recall cars in the framework of the settlement of the consequences of “diesel scandal”. Mary Nichols, head of the California Air Resources Board Protection (California Air Resources Board, CARB) said that the negotiations with Volkswagen […]Next
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