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Alibaba reports Q3 revenue up 5% YoY to $36.7B, net income down 69% YoY to $2B, Taobao and Tmall revenue up 2% YoY to $18B, and approves a $25B sha


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2024-02-07 16:53:15
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Cybersecurity Business

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Jane Zhang / Bloomberg:

Alibaba reports Q3 revenue up 5% YoY to ~$36.7B, net income down 69% YoY to ~$2B, Taobao and Tmall revenue up 2% YoY to ~$18B, and approves a $25B share buyback  —  - The move may appeal to some investors as growth plateaus  — Alibaba is grappling with market and internal uncertainty




Jane Zhang / Bloomberg:

Alibaba reports Q3 revenue up 5% YoY to ~$36.7B, net income down 69% YoY to ~$2B, Taobao and Tmall revenue up 2% YoY to ~$18B, and approves a $25B share buyback  —  - The move may appeal to some investors as growth plateaus  — Alibaba is grappling with market and internal uncertainty



Source: TechMeme
Source Link: http://www.techmeme.com/240207/p10#a240207p10


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