Alibaba’s domestic retail businesses saw revenue down 1% in Q2, JD posts retail slowdown
Published on: 2024-08-16
category: تقنية
Alibaba missed expectations both in revenue and net profit in the second quarter as its domestic retail businesses faced continued pressure from rivals and the macro environment. Total earnings grew 4% from a year earlier to RMB 249.8 billion ($34.8 billion), with China-focused Taobao Tmall Group recording a 1% revenue drop. The tech giant’s cloud […]
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Alibaba missed expectations both in revenue and net profit in the second quarter as its domestic retail businesses faced continued pressure from rivals and the macro environment. Total earnings grew 4% from a year earlier to RMB 249.8 billion ($34.8 billion), with China-focused Taobao Tmall Group recording a 1% revenue drop. The tech giant’s cloud […]