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. […]
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) […]
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 […]
At the annual press conference as part of “Architecture Day 2020”, Intel has announced improvements in the production of new graphics processors for laptops, PCs and server processors. Positive news was received in not the best time for the company Intel, since July 23, after the close of Thursday, shares fell by more than 20%, […]
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The European Bank for Reconstruction and Development intends to provide the “Astarta” agro-holding a loan of $ 20 million. The money will be spent for modernization of sugar factories. This was said in the message of the bank. According to the report, the European Bank for Reconstruction and Development is considering the possibility to give […]
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Boeing has recommended suspending flights of 777 aircraft after the incident in the American city of Broomfield, where large wreckage of the aircraft engine during the flight covered the streets. You can read it in a statement published on the company’s website. This applies to aircraft with Pratt & Whitney PW4000-112 engines. The company said […]
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German airline Deutsche Lufthansa AG on Monday took the third package of measures restructuring of business because of poor dynamic aviation market recovery, according to a press release. “Forecasts for international flights have deteriorated significantly in recent weeks. With the end of the summer holiday season, the number of passengers and bookings is declining again […]
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Personal position, incredible belief in yourself and in what you do, the constant acquisition of new skills and flexibility, having learned which, in the future you will be able to beat usefully any idea. These are the most important principles by which develops business, said business manager Yuliia Zoteeva. During her training Yuliia substantiate her […]
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On Thursday, Amazon announced the release of its updated smart glasses Echo Frames starting on December 10. Now everyone will be able to buy it. The new product from Amazon for $ 250 will go on sale just before the holiday weeks, which is a good time to start the release. Analysts and market experts […]
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Internet service Preply, that was designed for searching of local and online tutors, announced the release to the Brazilian market. For this purpose, the company made a localization to Portuguese, implemented the accepting of payments in reais, and hired a Brazilian student Lucia in Kiev office. Her responsibilities will include support for tutors in the […]
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According to Forbes, the fortune of the world richest man, the head of the American corporation Amazon, Jeff Bezos, has exceeded a record $180 billion. It is noted that Bezos’ fortune increased because of rising share value of his company Amazon. According to the publication, Amazon’s capitalization reached $1.54 trillion. Thus, Bezos’ fortune (he owns […]
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The Deposit Guarantee Fund of individuals is starting the procedure of withdrawal from the market of Arcade Bank, the press service of the FDG reported. The Fund offered several options for removing the bank from the market: liquidation of the bank of exclusion in the elimination of all or part of its assets and liabilities […]
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The Ukranian exchange simplified the access conditions on the market to the new consumers. Oleh Tkachenko, the Chief Executive Officer of Ukrainian exchange said: “NBU made a decision about the exchange derivatives banks deregulation. We provide them with the opportunity to trade the urgent contracts”. The exchange council of exchange platform decided not to levy […]
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Last year, the Commercial Court of Kyiv initiated a suit of the SANOF I company to the State Intellectual Property Service of Ukraine and to the “Kyivmedpreparat”, PJSC about completely voidance of Certificate of Ukraine on sign for the goods and services № 187104. The object of dispute has become a “SONAFІT” trademark registered company […]
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On Monday, December 7, Uber and startup Aurora Technologies announced an agreement under which Aurora will take over Uber’s Advanced Technologies Group, which has been developing self-governing cars. Under the terms of the agreement, Uber will receive $ 400 million, 26% of Aurora shares, and the general director of the taxi service, Dara Khosrowshahi, will […]
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Shares of Nikola fell to 36.45% over the last week. Energy giant BP’s announcement on Wednesday that it is abandoning a potential partnership with Nikola, which exacerbated a number of problems faced by the startup in the recent days. Nikola planned to organize the production of its cars in partnership with other large manufacturers and […]
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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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Automaker Nissan has introduced a new car Nissan Z. The sports car is equipped with a 3-liter twin V6 turbo engine, 400 horsepower and 350 Nm of torque. Nissan Z can accelerate to 96 km / h in 4.3 seconds. The sports car is equipped with a 6-speed manual transmission. A 9-speed automatic transmission will […]
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TikTok and one of its employees sued the administration of US President Donald Trump on Monday, because of his decree of a banning video service transactions in the United States, calling it a reason to incite anti-Chinese rhetoric as he seeks to win the election. TikTok Company of Culver City, California, and its Chinese parent […]
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