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2023-05-18
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Walmart's first-quarter revenue of $152.3 billion, raises full-year earnings per share forecast
Speedycub
2023-05-18
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Alibaba Misses Revenue Estimates, Approves Cloud Unit Spinoff
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19:02","market":"us","language":"zh","title":"Walmart's first-quarter revenue of $152.3 billion, raises full-year earnings per share forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=1121691148","media":"老虎资讯综合","summary":"第一季度调整后每股盈利1.47美元，市场预期1.31美元。","content":"<p><html><head></head><body>Walmart's revenue for the first quarter of fiscal year 2024 ($million):<strong>1523，</strong>Expected: 1487.58, previous value: 1415.7.</p><p>First quarter net profit (US $billion): 16.73, expected: 35.5, previous value: 20.54.</p><p>Adjusted earnings per share in the first quarter were $1.47, compared with market expectations of $1.31.</p><p>U.S. same-store sales rose 7.4% in the first quarter. The market expects U.S. same-store sales (excluding gasoline) to increase by 5.8% in the first quarter.</p><p>Full-year net sales are expected to grow 3.5%, compared with previous expectations for growth of 2.5% to 3%.</p><p>Full-year adjusted earnings per share are expected to be $6.10 to $6.20, compared with previous estimates of $5.90 to $6.05 and consensus estimates of $6.14.</p><p>After the financial report was released, Wal-Mart's pre-market stock price rose in the short term.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58f1dd9de230108692d85273cf67c8a5\" title=\"\" tg-width=\"1383\" tg-height=\"533\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Walmart's first-quarter revenue of $152.3 billion, raises full-year earnings per share forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWalmart's first-quarter revenue of $152.3 billion, raises full-year earnings per share forecast\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-05-18 19:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Walmart's revenue for the first quarter of fiscal year 2024 ($million):<strong>1523，</strong>Expected: 1487.58, previous value: 1415.7.</p><p>First quarter net profit (US $billion): 16.73, expected: 35.5, previous value: 20.54.</p><p>Adjusted earnings per share in the first quarter were $1.47, compared with market expectations of $1.31.</p><p>U.S. same-store sales rose 7.4% in the first quarter. The market expects U.S. same-store sales (excluding gasoline) to increase by 5.8% in the first quarter.</p><p>Full-year net sales are expected to grow 3.5%, compared with previous expectations for growth of 2.5% to 3%.</p><p>Full-year adjusted earnings per share are expected to be $6.10 to $6.20, compared with previous estimates of $5.90 to $6.05 and consensus estimates of $6.14.</p><p>After the financial report was released, Wal-Mart's pre-market stock price rose in the short term.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58f1dd9de230108692d85273cf67c8a5\" title=\"\" tg-width=\"1383\" tg-height=\"533\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/aafc980b310ef7ccd063cbd1e7144671","relate_stocks":{"WMT":"沃尔玛"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121691148","content_text":"沃尔玛2024财年第一季度营收（亿美元）： 1523，预期：1487.58，前值：1415.7。第一季度净利润（亿美元）： 16.73，预期：35.5，前值：20.54。第一季度调整后每股盈利1.47美元，市场预期1.31美元。第一季度美国同店销售增长7.4%。市场预期第一季度美国同店销售（除汽油）增长5.8%。预计全年净销售增长3.5%，此前预期为增长2.5%至3%。预计全年调整后每股收益为6.10美元至6.20美元，之前预计为5.90美元至6.05美元，市场预期为6.14美元。财报发布后，沃尔玛盘前股价短线拉升。","news_type":1,"symbols_score_info":{"WMT":0.9}},"isVote":1,"tweetType":1,"viewCount":1691,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970625764,"gmtCreate":1684408375159,"gmtModify":1684408917978,"author":{"id":"4095914742668170","authorId":"4095914742668170","name":"Speedycub","avatar":"https://community-static.tradeup.com/news/704c0cdf51a6033a60f32e125f142419","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4095914742668170","idStr":"4095914742668170"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970625764","repostId":"1173091959","repostType":2,"repost":{"id":"1173091959","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1684408103,"share":"https://ttm.financial/m/news/1173091959?lang=en_US&edition=fundamental","pubTime":"2023-05-18 19:08","market":"hk","language":"en","title":"Alibaba Misses Revenue Estimates, Approves Cloud Unit Spinoff","url":"https://stock-news.laohu8.com/highlight/detail?id=1173091959","media":"Reuters","summary":"May 18 (Reuters) - China's Alibaba Group Holding Ltd, posted a 2% rise in quarterly revenue that mis","content":"<html><head></head><body><p>May 18 (Reuters) - China's Alibaba Group Holding Ltd, posted a 2% rise in quarterly revenue that missed expectations and said its board has approved a spinoff of its cloud-computing business.</p><p>Alibaba shares waved in premarket trading after its quarterly results.</p><p style=\"text-align: start;\">The company logged revenue of 208.20 billion yuan ($30.12 billion) for the three months ended in March, compared with a Refinitiv consensus estimate of 210.3 billion yuan drawn from 26 analysts.</p><p style=\"text-align: start;\">Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies late last year, but it still remains relatively muted amid a wobbly economic recovery.</p><p>Earlier this year, Alibaba announced plans to restructure into six units, a move that followed a two-year regulatory crackdown on China's tech sector. It expects all of its units except for its China-facing e-commerce division to seek outside funding and go public.</p><p style=\"text-align: start;\">Alibaba on Thursday approved a full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders. It aims to complete the spinoff in the next 12 months.</p><p style=\"text-align: start;\">Finance chief Toby Xu also said Alibaba's board has approved the process to start external financing for Alibaba International Digital Commerce Business Group and initial public offering (IPO) explorations for Cainiao Smart Logistics Group and the execution of the IPO for Freshippo.</p><p>Earlier this month, Reuters reported that the company's logistics arm aims to raise $2 billion via a listing in Hong Kong that will likely take place early next year.</p><p style=\"text-align: start;\">Net income attributable to ordinary shareholders was 23.52 billion yuan, compared with a loss of 16.24 billion yuan.</p><p style=\"text-align: start;\">Alibaba has also been struggling to attract new users as China's e-commerce sector matures and it grapples with inroads made by new competitors such as PDD Holdings and Douyin, the Chinese version of TikTok that is also owned by ByteDance.</p><p style=\"text-align: start;\">Revenue for the full year climbed 2% to 868.69 billion yuan, marking its slowest rate of growth since the company went public in 2014.</p><p style=\"text-align: start;\">($1 = 6.9121 Chinese yuan renminbi)</p><p><strong>Also Read:</strong></p><p><strong><a href=\"https://ttm.financial/NW/1168666281\" title=\"Alibaba Plans Unit IPOs After Sales Disappoint in Shaky Economy\" target=\"_blank\" class=\"\">Alibaba Plans Unit IPOs After Sales Disappoint in Shaky Economy</a></strong></p><p><strong><a href=\"https://ttm.financial/NW/1197096715\" title=\"Alibaba Breaks Up Investment Team, Dispatches Staff to Units\" target=\"_blank\" class=\"\">Alibaba Breaks Up Investment Team, Dispatches Staff to Units</a></strong></p><p><strong><a href=\"https://ttm.financial/NW/1118741926\" title=\"Jack Ma-Backed Ant Profit Falls 56% Amid Overhaul\" target=\"_blank\" class=\"\">Jack Ma-Backed Ant Profit Falls 56% Amid Overhaul</a></strong></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Misses Revenue Estimates, Approves Cloud Unit Spinoff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Misses Revenue Estimates, Approves Cloud Unit Spinoff\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-05-18 19:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>May 18 (Reuters) - China's Alibaba Group Holding Ltd, posted a 2% rise in quarterly revenue that missed expectations and said its board has approved a spinoff of its cloud-computing business.</p><p>Alibaba shares waved in premarket trading after its quarterly results.</p><p style=\"text-align: start;\">The company logged revenue of 208.20 billion yuan ($30.12 billion) for the three months ended in March, compared with a Refinitiv consensus estimate of 210.3 billion yuan drawn from 26 analysts.</p><p style=\"text-align: start;\">Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies late last year, but it still remains relatively muted amid a wobbly economic recovery.</p><p>Earlier this year, Alibaba announced plans to restructure into six units, a move that followed a two-year regulatory crackdown on China's tech sector. It expects all of its units except for its China-facing e-commerce division to seek outside funding and go public.</p><p style=\"text-align: start;\">Alibaba on Thursday approved a full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders. It aims to complete the spinoff in the next 12 months.</p><p style=\"text-align: start;\">Finance chief Toby Xu also said Alibaba's board has approved the process to start external financing for Alibaba International Digital Commerce Business Group and initial public offering (IPO) explorations for Cainiao Smart Logistics Group and the execution of the IPO for Freshippo.</p><p>Earlier this month, Reuters reported that the company's logistics arm aims to raise $2 billion via a listing in Hong Kong that will likely take place early next year.</p><p style=\"text-align: start;\">Net income attributable to ordinary shareholders was 23.52 billion yuan, compared with a loss of 16.24 billion yuan.</p><p style=\"text-align: start;\">Alibaba has also been struggling to attract new users as China's e-commerce sector matures and it grapples with inroads made by new competitors such as PDD Holdings and Douyin, the Chinese version of TikTok that is also owned by ByteDance.</p><p style=\"text-align: start;\">Revenue for the full year climbed 2% to 868.69 billion yuan, marking its slowest rate of growth since the company went public in 2014.</p><p style=\"text-align: start;\">($1 = 6.9121 Chinese yuan renminbi)</p><p><strong>Also Read:</strong></p><p><strong><a href=\"https://ttm.financial/NW/1168666281\" title=\"Alibaba Plans Unit IPOs After Sales Disappoint in Shaky Economy\" target=\"_blank\" class=\"\">Alibaba Plans Unit IPOs After Sales Disappoint in Shaky Economy</a></strong></p><p><strong><a href=\"https://ttm.financial/NW/1197096715\" title=\"Alibaba Breaks Up Investment Team, Dispatches Staff to Units\" target=\"_blank\" class=\"\">Alibaba Breaks Up Investment Team, Dispatches Staff to Units</a></strong></p><p><strong><a href=\"https://ttm.financial/NW/1118741926\" title=\"Jack Ma-Backed Ant Profit Falls 56% Amid Overhaul\" target=\"_blank\" class=\"\">Jack Ma-Backed Ant Profit Falls 56% Amid Overhaul</a></strong></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173091959","content_text":"May 18 (Reuters) - China's Alibaba Group Holding Ltd, posted a 2% rise in quarterly revenue that missed expectations and said its board has approved a spinoff of its cloud-computing business.Alibaba shares waved in premarket trading after its quarterly results.The company logged revenue of 208.20 billion yuan ($30.12 billion) for the three months ended in March, compared with a Refinitiv consensus estimate of 210.3 billion yuan drawn from 26 analysts.Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies late last year, but it still remains relatively muted amid a wobbly economic recovery.Earlier this year, Alibaba announced plans to restructure into six units, a move that followed a two-year regulatory crackdown on China's tech sector. It expects all of its units except for its China-facing e-commerce division to seek outside funding and go public.Alibaba on Thursday approved a full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders. It aims to complete the spinoff in the next 12 months.Finance chief Toby Xu also said Alibaba's board has approved the process to start external financing for Alibaba International Digital Commerce Business Group and initial public offering (IPO) explorations for Cainiao Smart Logistics Group and the execution of the IPO for Freshippo.Earlier this month, Reuters reported that the company's logistics arm aims to raise $2 billion via a listing in Hong Kong that will likely take place early next year.Net income attributable to ordinary shareholders was 23.52 billion yuan, compared with a loss of 16.24 billion yuan.Alibaba has also been struggling to attract new users as China's e-commerce sector matures and it grapples with inroads made by new competitors such as PDD Holdings and Douyin, the Chinese version of TikTok that is also owned by ByteDance.Revenue for the full year climbed 2% to 868.69 billion yuan, marking its slowest rate of growth since the company went public in 2014.($1 = 6.9121 Chinese yuan renminbi)Also Read:Alibaba Plans Unit IPOs After Sales Disappoint in Shaky EconomyAlibaba Breaks Up Investment Team, Dispatches Staff to UnitsJack Ma-Backed Ant Profit Falls 56% Amid Overhaul","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":1180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9970625764,"gmtCreate":1684408375159,"gmtModify":1684408917978,"author":{"id":"4095914742668170","authorId":"4095914742668170","name":"Speedycub","avatar":"https://community-static.tradeup.com/news/704c0cdf51a6033a60f32e125f142419","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4095914742668170","idStr":"4095914742668170"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970625764","repostId":"1173091959","repostType":2,"repost":{"id":"1173091959","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1684408103,"share":"https://ttm.financial/m/news/1173091959?lang=en_US&edition=fundamental","pubTime":"2023-05-18 19:08","market":"hk","language":"en","title":"Alibaba Misses Revenue Estimates, Approves Cloud Unit Spinoff","url":"https://stock-news.laohu8.com/highlight/detail?id=1173091959","media":"Reuters","summary":"May 18 (Reuters) - China's Alibaba Group Holding Ltd, posted a 2% rise in quarterly revenue that mis","content":"<html><head></head><body><p>May 18 (Reuters) - China's Alibaba Group Holding Ltd, posted a 2% rise in quarterly revenue that missed expectations and said its board has approved a spinoff of its cloud-computing business.</p><p>Alibaba shares waved in premarket trading after its quarterly results.</p><p style=\"text-align: start;\">The company logged revenue of 208.20 billion yuan ($30.12 billion) for the three months ended in March, compared with a Refinitiv consensus estimate of 210.3 billion yuan drawn from 26 analysts.</p><p style=\"text-align: start;\">Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies late last year, but it still remains relatively muted amid a wobbly economic recovery.</p><p>Earlier this year, Alibaba announced plans to restructure into six units, a move that followed a two-year regulatory crackdown on China's tech sector. It expects all of its units except for its China-facing e-commerce division to seek outside funding and go public.</p><p style=\"text-align: start;\">Alibaba on Thursday approved a full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders. It aims to complete the spinoff in the next 12 months.</p><p style=\"text-align: start;\">Finance chief Toby Xu also said Alibaba's board has approved the process to start external financing for Alibaba International Digital Commerce Business Group and initial public offering (IPO) explorations for Cainiao Smart Logistics Group and the execution of the IPO for Freshippo.</p><p>Earlier this month, Reuters reported that the company's logistics arm aims to raise $2 billion via a listing in Hong Kong that will likely take place early next year.</p><p style=\"text-align: start;\">Net income attributable to ordinary shareholders was 23.52 billion yuan, compared with a loss of 16.24 billion yuan.</p><p style=\"text-align: start;\">Alibaba has also been struggling to attract new users as China's e-commerce sector matures and it grapples with inroads made by new competitors such as PDD Holdings and Douyin, the Chinese version of TikTok that is also owned by ByteDance.</p><p style=\"text-align: start;\">Revenue for the full year climbed 2% to 868.69 billion yuan, marking its slowest rate of growth since the company went public in 2014.</p><p style=\"text-align: start;\">($1 = 6.9121 Chinese yuan renminbi)</p><p><strong>Also Read:</strong></p><p><strong><a href=\"https://ttm.financial/NW/1168666281\" title=\"Alibaba Plans Unit IPOs After Sales Disappoint in Shaky Economy\" target=\"_blank\" class=\"\">Alibaba Plans Unit IPOs After Sales Disappoint in Shaky Economy</a></strong></p><p><strong><a href=\"https://ttm.financial/NW/1197096715\" title=\"Alibaba Breaks Up Investment Team, Dispatches Staff to Units\" target=\"_blank\" class=\"\">Alibaba Breaks Up Investment Team, Dispatches Staff to Units</a></strong></p><p><strong><a href=\"https://ttm.financial/NW/1118741926\" title=\"Jack Ma-Backed Ant Profit Falls 56% Amid Overhaul\" target=\"_blank\" class=\"\">Jack Ma-Backed Ant Profit Falls 56% Amid Overhaul</a></strong></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Misses Revenue Estimates, Approves Cloud Unit Spinoff\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-05-18 19:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>May 18 (Reuters) - China's Alibaba Group Holding Ltd, posted a 2% rise in quarterly revenue that missed expectations and said its board has approved a spinoff of its cloud-computing business.</p><p>Alibaba shares waved in premarket trading after its quarterly results.</p><p style=\"text-align: start;\">The company logged revenue of 208.20 billion yuan ($30.12 billion) for the three months ended in March, compared with a Refinitiv consensus estimate of 210.3 billion yuan drawn from 26 analysts.</p><p style=\"text-align: start;\">Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies late last year, but it still remains relatively muted amid a wobbly economic recovery.</p><p>Earlier this year, Alibaba announced plans to restructure into six units, a move that followed a two-year regulatory crackdown on China's tech sector. It expects all of its units except for its China-facing e-commerce division to seek outside funding and go public.</p><p style=\"text-align: start;\">Alibaba on Thursday approved a full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders. It aims to complete the spinoff in the next 12 months.</p><p style=\"text-align: start;\">Finance chief Toby Xu also said Alibaba's board has approved the process to start external financing for Alibaba International Digital Commerce Business Group and initial public offering (IPO) explorations for Cainiao Smart Logistics Group and the execution of the IPO for Freshippo.</p><p>Earlier this month, Reuters reported that the company's logistics arm aims to raise $2 billion via a listing in Hong Kong that will likely take place early next year.</p><p style=\"text-align: start;\">Net income attributable to ordinary shareholders was 23.52 billion yuan, compared with a loss of 16.24 billion yuan.</p><p style=\"text-align: start;\">Alibaba has also been struggling to attract new users as China's e-commerce sector matures and it grapples with inroads made by new competitors such as PDD Holdings and Douyin, the Chinese version of TikTok that is also owned by ByteDance.</p><p style=\"text-align: start;\">Revenue for the full year climbed 2% to 868.69 billion yuan, marking its slowest rate of growth since the company went public in 2014.</p><p style=\"text-align: start;\">($1 = 6.9121 Chinese yuan renminbi)</p><p><strong>Also Read:</strong></p><p><strong><a href=\"https://ttm.financial/NW/1168666281\" title=\"Alibaba Plans Unit IPOs After Sales Disappoint in Shaky Economy\" target=\"_blank\" class=\"\">Alibaba Plans Unit IPOs After Sales Disappoint in Shaky Economy</a></strong></p><p><strong><a href=\"https://ttm.financial/NW/1197096715\" title=\"Alibaba Breaks Up Investment Team, Dispatches Staff to Units\" target=\"_blank\" class=\"\">Alibaba Breaks Up Investment Team, Dispatches Staff to Units</a></strong></p><p><strong><a href=\"https://ttm.financial/NW/1118741926\" title=\"Jack Ma-Backed Ant Profit Falls 56% Amid Overhaul\" target=\"_blank\" class=\"\">Jack Ma-Backed Ant Profit Falls 56% Amid Overhaul</a></strong></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173091959","content_text":"May 18 (Reuters) - China's Alibaba Group Holding Ltd, posted a 2% rise in quarterly revenue that missed expectations and said its board has approved a spinoff of its cloud-computing business.Alibaba shares waved in premarket trading after its quarterly results.The company logged revenue of 208.20 billion yuan ($30.12 billion) for the three months ended in March, compared with a Refinitiv consensus estimate of 210.3 billion yuan drawn from 26 analysts.Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies late last year, but it still remains relatively muted amid a wobbly economic recovery.Earlier this year, Alibaba announced plans to restructure into six units, a move that followed a two-year regulatory crackdown on China's tech sector. It expects all of its units except for its China-facing e-commerce division to seek outside funding and go public.Alibaba on Thursday approved a full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders. It aims to complete the spinoff in the next 12 months.Finance chief Toby Xu also said Alibaba's board has approved the process to start external financing for Alibaba International Digital Commerce Business Group and initial public offering (IPO) explorations for Cainiao Smart Logistics Group and the execution of the IPO for Freshippo.Earlier this month, Reuters reported that the company's logistics arm aims to raise $2 billion via a listing in Hong Kong that will likely take place early next year.Net income attributable to ordinary shareholders was 23.52 billion yuan, compared with a loss of 16.24 billion yuan.Alibaba has also been struggling to attract new users as China's e-commerce sector matures and it grapples with inroads made by new competitors such as PDD Holdings and Douyin, the Chinese version of TikTok that is also owned by ByteDance.Revenue for the full year climbed 2% to 868.69 billion yuan, marking its slowest rate of growth since the company went public in 2014.($1 = 6.9121 Chinese yuan renminbi)Also Read:Alibaba Plans Unit IPOs After Sales Disappoint in Shaky EconomyAlibaba Breaks Up Investment Team, Dispatches Staff to UnitsJack Ma-Backed Ant Profit Falls 56% Amid Overhaul","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":1180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970624194,"gmtCreate":1684408827719,"gmtModify":1684409278674,"author":{"id":"4095914742668170","authorId":"4095914742668170","name":"Speedycub","avatar":"https://community-static.tradeup.com/news/704c0cdf51a6033a60f32e125f142419","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4095914742668170","idStr":"4095914742668170"},"themes":[],"htmlText":"W","listText":"W","text":"W","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970624194","repostId":"1121691148","repostType":2,"isVote":1,"tweetType":1,"viewCount":1691,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}