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%.
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The Hong Kong administration “until further notice” canceled all orders for the purchase of coronavirus vaccine from Pfizer and BioNTech, and stopped using it for vaccination in all two dozen locations in the city, according to the South China Morning Post. This happened after the distributor of the drug in the region of Fosun Pharma […]
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Naftogaz announced a return to the practice of manual management of state-owned enterprises after the Cabinet’s decision to dismiss the head of the NAC Andriy Kobolev and the company’s supervisory board. The board of Naftogaz announced this on Wednesday, April 28. The company claims that the government’s decision is a legal manipulation. “The dismissal of […]
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Shares of Pfizer and BioNTech fell 1.74% and 2% (respectively) on Thursday amid news that companies will deliver half of their planned number of vaccines against COVID-19 in 2020. On November 20, Pfizer and its German partner BioNTech applied to the FDA (US Food and Drug Administration) for permission to use their vaccine in an […]
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The Bloomberg News agency estimated the yield a wide range of assets in 2015, ranging from currencies and stock indexes, to commodities and junk bonds. It is in the segment of junk bonds (junk, high-yield bonds) determined the most profitable asset last year – Eurobonds of Ukrzaliznytsia with maturing in May 2018. Investments in this […]
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Panasonic has announced plans to invest $ 150 million in machine learning technology and artificial intelligence systems based on neural networks. The Japanese electronics manufacturer plans to invest part of the funds allocated under the venture fund Conductive Ventures II in promising developers of software and equipment for various industries, incl. autopilot, finance, digital healthcare, […]
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Mercedes-Benz is recalling more than 1.3 million vehicles due to malfunctions of the emergency call system. It is noted that Mercedes-Benz previously learned about the accident in Europe, when the automatic emergency call system sent the wrong signal about the location of the car. The company launched an investigation in October 2019 and identified other […]
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