Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion

News

Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion

25.05.2021 News

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%.

Other articles

Read also

Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

Ukrsotsbank initiated a criminal case against agro-industrial holding “Creative”

“Ukrsotsbank” obtained the criminal case against the “Creative”, –  reported Finclab. In “Ukrsotsbank” commented that on January 14, 2016 by investigators of the National Police was opened a criminal case (№12016100000000014, Article 191 part 5) on the fact of abuse of office and embezzlement of “Ukrsotsbank” in large-scale by employees of agricultural holding “Creative”. According […]

Next
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

BlackBerry shares have soared. The company will start working with Amazon

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
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

Delta Air Lines intends to lay off about two thousand pilots

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
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

The National Commission of state regulation of the financial services market

The National Commission, carrying out state regulation of the financial services market by its order №1467 agreed to increase participation by Allianz Holding eins GMBH (Austria) in ODO «Allianz Ukraine” (Kiev) to 99.999% by direct acquisition of 99.978% from its share capital.  As reported, at the beginning of this year, the National Commission, carrying out […]

Next
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
Analytics

Ukraine – Germany: what to anticipate and what to watch out for in 2019

There are several factors which will affect trade and economic relations, as well as the investment component between Ukraine and Germany in 2019. POLITICAL FACTOR 2019 is the year of elections in Ukraine. Until the presidential race on March 31, the business environment of both countries will be expecting the elections results which will define […]

Next
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

Court rejects IAU litigation

As  Interfax-Ukraine reports, the Administrative court rejected the claim of the International Airline Company of Ukraine (IAU) for the charge of the collection in specialised state fund of   aviation activities expenses financing. On November 9, 2016, the court made the decision on materials of the state register of judgments which were published on its official […]

Next
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

The GREENSTONE restructured obligations of the Creative

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
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

TikTok confirmed the lawsuit against Trump

Chinese social network TikTok trying through the courts to appeal the decree of US President Donald Trump, which provides for a ban on its activities in the country, if it is not sold to an American company. This was reported by Interfax-Ukraine on Tuesday, August 25, with reference to the Chinese media. “It is not […]

Next
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

TAS-Agro is going to increase its land bank up to 55 thous. Ha

The TAS-Agro company  plans to increase its land bank from  95 to 150 thous. Ha. The company is interested in areas in the northern part of Ukraine. This was announced by the investment chief of the TAS Group company –  Anton Kernasovskyi, –  says  delo.ua. According to him, he does not know exactly when and […]

Next
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

Walmart has joined to Microsoft in an attempt to buy TikTok’s assets in the United States

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
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

AMCU has allowed Uniline finance the acquisition of six agricultural companies

Antimonopoly Committee of Ukraine allowed the company Uniline finance to gain control of six agricultural companies in Dnipropetrivsk and Zaporizhzha regions. Based on the received permission, the company Uniline finance Ltd. (British Virgin Islands) is going to acquire more than 50% of the shares of Astev Investment Company (Cyprus). According to the AMCU, the online […]

Next
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

The NBU has increased the purchase of currency on the interbank market 15 times

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
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

Budget overfulfilled in three quarters by 46 billion

For the three quarters of 2021, the budget was overfulfilled in terms of revenues by 5.3%, or UAH 46.65 billion, from the plan and exceeds last year’s level by 20.8%. This was reported on the website of the State Treasury. In particular, in September the budget was overfulfilled by 6.4%, or UAH 6.2 billion, and […]

Next
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

VW is close to an agreement with the California regulator, by which before wasn’t approved the plan about withdrawal cars

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
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

Ukroboronprom has signed $ 1 billion deals in the UAE

As part of the visit of Ukrainian President Volodymyr Zelensky to the UAE, Ukroboronprom signed agreements and contracts with Tawazun Economic Council and EDGE Group to expand military-technical cooperation totaling more than $ 1 billion. The president’s office reports. It is noted that the agreement with EDGE on military and technical cooperation will allow the […]

Next
Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion
News

Berkshire Hathaway buys Dominion Energy assets for $10 billion

On Sunday, Dominion Energy, one of the largest energy companies in the United States, announced a final agreement to sell virtually all of its assets in the gas transportation and storage segment of Berkshire Hathaway Inc. under a deal valued at $9.7 billion, including its current debt of $5.7 billion. The deal with Dominion will […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com