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BABA-SW 3FQ Revenue RMB260.35B, Roughly In Line
BABA-SW (09988.HK)(BABA.US) announced the third quarterly results for fiscal year 2024 ending December 2023. Revenue was RMB260.348 billion, an increase of 5% year-over-year, in li...
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BABA-SW 3FQ Revenue RMB260.35B, Roughly In Line
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BABA-SW (09988.HK)  +3.100 (+4.074%)    Short selling $681.45M; Ratio 10.840%   (BABA.US)      announced the third quarterly results for fiscal year 2024 ending December 2023. Revenue was RMB260.348 billion, an increase of 5% year-over-year, in line with the forecasts of brokers as compiled by our reporters at RMB256-263.357 billion.

Eddie Wu, Chief Executive Officer of Alibaba Group, said that the company delivered a solid quarter as it is executing its focused strategies across the organization. Its top priority is to reignite the growth of its core businesses, e-commerce and cloud computing. It will step up investment to improve users’ core experiences to drive growth in Taobao and Tmall Group and strengthen market leadership in the coming year. It will also focus its resources on developing public cloud products and sustaining the strong growth momentum in international commerce business.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-03 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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