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Alibaba's Fiscal Q4 Profit Surges 106% on Cloud Intelligence Investments
US Markets

Alibaba's Fiscal Q4 Profit Surges 106% on Cloud Intelligence Investments

Alibaba's (HKG:9988) attributable profit soared 106% in the fiscal fourth quarter on the effects of its investments, especially in the cloud intelligence segment.Attributable net income rose 106% to about 25.5 billion yuan in the fourth fiscal quarter ended March 31 from 12.38 billion yuan a year prior, according to a Wednesday disclosure to the Hong Kong bourse.Earnings per share at the Chinese e-commerce and tech giant increased 101% year over year to 1.30 yuan from 0.65 yuan.Revenue edged up 3% to 243.4 billion yuan from 236.5 billion yuan in the year-ago period.The top line from its cloud intelligence group jumped 38% year over year to 41.6 billion yuan, while revenue from external customers jumped 40% on public cloud revenue growth and AI-related products."Our strategic investments continued to translate into business growth," Alibaba Chief Financial Officer Toby Xu said in a statement, adding AI-related product revenue surged in triple digits for the 11th straight month.The rise of its cloud intelligence revenue is also attributable to Alibaba's full-stack AI investments that have progressed from incubation to commercialization, CEO Eddie Wu said.Revenue from the quick commerce segment surged 57% to 20 billion yuan from 12.7 billion yuan a year earlier, thanks to the rollout of its Taobao Instant Commerce product at the end of April 2025.The China commerce wholesale operations saw a top line of 5.94 billion yuan, up 3% from 5.79 billion yuan due to higher revenue from its value-added services.For the fiscal year ended March 31, 2026, attributable net income slipped 18% year over year to 105.9 billion yuan from 129.5 billion yuan. Revenue jumped 3% to 1.024 trillion yuan from 996.4 billion yuan previously.The company's board approved a cash dividend of $0.13125 per ordinary share or $1.05 per American depositary share for the fiscal year 2026, payable to shareholders of record on June 11.

HKG:9988
Asia

Alibaba Group's Fiscal Q4 Attributable Net Income Soars 106%; Full-Year Dividend Declared

Alibaba Group's (HKG:9988) attributable net income for the fourth fiscal quarter ended March 31 rose 106% to 25.48 billion yuan from 12.38 billion yuan a year prior.The Chinese ecommerce and tech giant's earnings per share increased to 1.30 yuan from 0.65 yuan in the corresponding period of the previous fiscal year, according to a Wednesday Hong Kong bourse filing.Revenue climbed 3% to 243.38 billion yuan from 236.45 billion yuan in the year-ago period.For the full year ended March 31, attributable net income slipped to 105.9 billion yuan from 129.47 billion yuan a year prior, with revenue increasing to 1.024 trillion yuan from 996.35 billion yuan previously.The company's board approved a cash dividend of $0.13125 per ordinary share or $1.05 per American depositary share for the fiscal year 2026, payable to shareholders of record on June 11. It will be paid on or around July 6 and July 13, respectively, to holders of ordinary shares and ADSs.

HKG:9988
Asia

Market Chatter: Thai Entity Suspected of Helping Alibaba Gain Nvidia Chips

A Thai entity advancing Thailand's artificial intelligence ambitions is suspected of smuggling Nvidia chips to China, including to data centers owned by Alibaba Group (HKG:9988), Bloomberg reported Friday, citing people familiar with the matter.According to the report, Bangkok-based OBON Corp. purchased $2.5 billion worth of servers containing advanced Nvidia chips from Super Micro Computer, some of which were later allegedly sent to Alibaba.U.S. prosecutors earlier this year charged Super Micro Computer co-founder Yih-Shyan "Wally" Liaw of violating U.S. export controls by working with a "rotating cast" of third-party brokers to send Nvidia chips to China.One of the entities that Liaw worked with was OBON Corp., the report said, citing people familiar with the matter.A spokesperson for Alibaba denied the allegation. "Alibaba has no business relationship with Super Micro, OBON or any third-party brokers who may have been mentioned in the indictment in question," the spokesperson reportedly told Bloomberg.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:9988
Asia

Market Chatter: Alibaba Group, Tencent Earnings to Slow Over Mounting AI Costs

Alibaba Group (HKG:9988) and Tencent Holdings (HKG:0700) could post slower earnings growth in their upcoming results next week as artificial intelligence costs rise and domestic competition intensifies, Bloomberg said in an earnings preview Friday.Tencent's full-year earnings growth is expected to slow to the low-teen percentage range as AI investments double, while Alibaba faces pressure from China's soft consumption outlook, Bloomberg reported, citing Bloomberg Intelligence.Bloomberg Intelligence also said stronger cloud-computing demand is unlikely to provide a meaningful earnings boost for either company in 2026 because of intense competition and margin pressure in the segment.Both firms are due to announce their result on Wednesday next week.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0700HKG:9988
Asia

Market Chatter: DeepSeek V4 Sparks Rush for Huawei's Ascend 950 AI Chips

ByteDance, Tencent (HKG:0700), Alibaba (HKG:9988) and other big Chinese firms are rushing to place orders for Huawei's Ascend 950 AI chips, Reuters reported Wednesday, citing people familiar with the matter.The surge in demand followed the release of DeepSeek's V4 artificial intelligence model that runs on said Huawei chips, according to the report.Sources said companies specializing in cloud computing and graphics processing unit rental services are also looking to secure orders, according to Reuters.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:0700HKG:9988
Asia

Alibaba Receives HKEX Nod for Spin Off, Shenzen REIT Listing of Warehouse Park Assets

Alibaba Group (HKG:9988) received approval from the Hong Kong Exchange to spin off certain infrastructure assets into a real estate investment trust for listing on the Shenzhen Stock Exchange, according to a Monday disclosure.The underlying asset to be held by the proposed CICC Cainiao Logistics Warehouse Infrastructure REIT will be Jiaxing Park, a logistics and warehouse infrastructure park in Zhejiang province.Alibaba also obtained a waiver from HKEX, exempting it from distributing units in the REIT to existing shareholders. The company said it could not meet the requirement to either distribute units or offer preferential allocation to shareholders due to legal restrictions in mainland China.The spinoff remains subject to regulatory approval in China, the bourse filing stated.

HKG:9988
Asia

China's Major Food Delivery Platform Could Reconsider Subsidies Amid Regulatory Fines, S&P Says

Regulatory fines on China's major food delivery platforms could lead to players veering away from subsidies and instead adopt efforts focusing on quality, S&P Global Ratings said in a Monday release.The fines point to authorities' efforts to tone down heightened competition, or involution, in the segment, S&P said.The regulatory move will enable major players such as Meituan (HKG:3690), Alibaba (HKG:9988), and JD.com (HKG:9618) to focus on quality rather than on subsidies, which could lead to better profits after a decline last year, the rating agency said.However, long-term impact will depend on whether the rule will be thoroughly enforced, S&P said.

Shanghai Composite^SZSEHKG:3690HKG:9618HKG:9988
Asia

FAR International Appoints CFO

FAR International (HKG:2516) appointed Shi Dite as chief financial officer, effective Thursday, according to a same-day Hong Kong bourse filing.Shi, an executive director, has over two decades of experience in mergers and acquisitions and tax advisory, including roles at KPMG and Alibaba (HKG:9988), the filing said.

HKG:2516HKG:9988
Asia

Market Chatter: Alibaba, Tencent Explore Investment in DeepSeek

Alibaba (HKG:9988) and Tencent (HKG:0700) are in early-stage talks to back artificial intelligence firm DeepSeek, Reuters reported Wednesday, citing The Information.The startup, supported by High-Flyer Capital Management, is looking to raise fresh capital at a valuation above $20 billion, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0700HKG:9988
Asia

China Fines Food Delivery Operators for Failing to Vet Sellers

China's market regulator fined leading food delivery operators a total of 3.60 billion yuan for failing to filter out unqualified sellers, according to a notice released Friday.Among those fined are Alibaba's (HKG:9988)Ele.me, Taobao, and Tmall, TikTok's Douyin, as well as Pinduoduo and Meituan (HKG:3690), the State Administration for Market Regulation said.China also fined the legal representatives and food safety directors of the companies a total of 19.7 million yuan.The decision comes after a series of probes on so-called "ghost deliveries" in which merchants affiliated to delivery operators used fake locations and licenses, Bloomberg reported separately.

HKG:3690HKG:9988
Asia

Heightened Competition in China's On-Demand Delivery Segment Raises Risk of Lingering Price War, S&P Says

Continued elevated competition between major companies in China's on-demand delivery market raises the risk of a persistent price war amid a delay in subsidy reductions until 2028, S&P Global Ratings said in a recent release.These create adverse conditions for all players, S&P said.Major platform operators Meituan (HKG:3690), JD.com (HKG:9618), and Alibaba Group Holding (HKG:9988) have allocated significant spending to seize a share of the on-demand delivery markets, such as food and online retail, S&P senior analyst Jay Lau said.These fast-paced segments account for more than 6% of China's retail sector, S&P said.The negative impact of the price war will be greater than expected, continuing the negative trend on major players' EBITDA since 2025, Lau said.

Shanghai Composite^SZSEHKG:3690HKG:9618HKG:9988
Asia

Market Chatter: Alibaba Unit to Launch Four-legged Robot

Alibaba Group's (HKG:9988) Amap unit is preparing to launch a four-legged robot that could compete with the likes of Unitree's Go series, Bloomberg News reported Tuesday, citing a company spokesperson.The firm is also exploring the feasibility of humanoid robots, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:9988

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