Sign Up
OverviewAPI
Alibaba, the Chinese e-commerce giant, reported revenue of $36.7 billion for the three months ended Dec. 31, falling slightly below analyst predictions. The company is facing challenges due to softness in the retail market and China's weak economic recovery. Despite this, Alibaba announced an increase of $25 billion to its share repurchase program through the end of March 2027. The company also recently announced the split of its business into six units, with CEO Eddie Wu overseeing the move.

Ask a question