Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China

Asian equities were mixed overnight as Indonesia outperformed, Taiwan underperformed, and South Korea was closed for Independence Day.

Artisan Partners, an investment management company, released its “Artisan Select Equity Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The fourth quarter delivered another record-breaking performance for US tech equities.

Beyond its home turf, Alibaba is expanding its international e-commerce businesses to diversify away from its reliance on its home market. This segment has been growing rapidly lately, with revenue up by 32% year over year in the latest quarter. In other words, Alibaba is making solid strides in rejuvenating the growth of its e-commerce businesses.

On a recent Thursday afternoon, around five or six young people were busily preparing for an evening event at a street-side restaurant in Hangzhou, capital of China's eastern Zhejiang province, celebrating the major renovation of the steamed bun eatery that had opened eight months earlier.

The life of Jack Ma, founder of Alibaba. He grew up poor in China and was rejected from multiple jobs before finding success in tech.

The latest earnings report from Alibaba Group highlights resilience in key segments, led by cloud and international commerce growth.

Alibaba Group Holding Limited ... to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce ...

Ant Group, the Alibaba-linked fintech giant, is venturing into the humanoid robot industry, joining a growing list of major Chinese tech companies exploring this emerging field.

HONG KONG--Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue ... capitalizes on the artificial intelligence boom in China. Alibaba said Thursday that its revenue for the ...