Alibaba's second-quarter revenue was 236.503 billion yuan, a 5% year-on-year increase.
The adjusted net income is 36.518 billion yuan, a year-on-year decrease of 9%.
Express News | Alibaba: On November 15th, spent approximately $39.9885 million to repurchase 3.6288 million shares.
Benchmark Reiterates Buy on Alibaba Gr Hldgs, Maintains $118 Price Target
Alibaba Q2 conference call: Continuing to invest in e-commerce AI computing power, a huge space for new user growth with WeChat Pay cooperation.
Alibaba stated that it will continue to invest in e-commerce AI capabilities to support multiple AI products under development, in order to enhance user experience and merchant services. Following the integration with WeChat Pay, Alibaba holds an optimistic view on new user growth and plans to make medium to long-term investments in user growth and retention, considering it as a key focus for future investments. It is expected that this collaboration will significantly increase the monthly trade users of Taobao and Tmall.
Alibaba Q2 Earnings Miss Estimates, Revenues Improve Y/Y
Sector Update: Consumer Stocks Flat to Higher Pre-Bell Monday