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Alibaba Sees Cloud Business Finally Turning Profitable This Year
Wednesday, September 30, 2020 - 4:51am | 364Maggie Wu – the Chief Financial Officer of Alibaba Group Holdings Inc (NYSE: BABA) — believes that the company’s cloud business may turn profitable in the current fiscal year ending on March 2021, according to CNBC. What Happened: Zhang said cloud computing is overall in a "...
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Alibaba Promotes CFO: What It Means For Investors
Tuesday, June 18, 2019 - 10:42am | 367Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) announced CFO Maggie Wu will be tasked with running the company's strategic investments unit, Reuters reported Tuesday. What Happened Wu will take over responsibility from Executive Vice-Chairman Joe Tsai, who was demoted to...
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Alibaba Spikes 7% After Impressing The Street In Q1 Report
Thursday, August 17, 2017 - 8:20am | 356Alibaba Group Holding Ltd (NYSE: BABA) is poised to hit a new all-time high Thursday after impressing investors with its fiscal first-quarter earnings report. Shares of Alibaba gained more than 7 percent after reporting that it earned $1.17 per share on revenue of $7.403 billion; analysts were...
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Alibaba Soars As Management Wows Investors In Presentation
Thursday, June 8, 2017 - 8:28am | 387Shares of Alibaba Group Holding Ltd (NYSE: BABA) soared higher by more than 11 percent early Thursday morning after the company hosted Day One of an Analyst Day presentation. Alibaba's CEO Daniel Zhang and Chief Financial Officer Maggie Wu presented investors with an update to its 2018 outlook,...
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Alibaba's Q3 Top-And-Bottom Line Beat Sends Stock Up
Thursday, January 28, 2016 - 8:31am | 319Shares of Alibaba Group Holding Ltd (NYSE: BABA) were trading higher by more than 5 percent at $73.25 early Thursday morning after the company reported its third quarter results. Alibaba earned $0.99 per share in its third quarter on revenue of $5.33 billion. Wall Street analysts were expecting...