Chinese e-commerce giant Alibaba announced a 54% increase in revenue for the third quarter of its financial year, with the group total hitting $7.67 billion. But overall losses in entertainment deepened, even as the group’s revenue stream from media and entertainment nearly tripled to $585 million. Net income for Alibaba was up 38% at $2.47...

Topics:  read   alibaba   revenue   billion   entertainment   losses   deepen   group   
BING NEWS:
  • Heart, the Band That Proved Women Could Rock Hard, Reunite for a World Tour and a New Song
    Heart — the pioneering band that melds Nancy Wilson’s shredding guitar with her sister Ann’s powerhouse vocals — is hitting the road this spring and fall for a world tour that Nancy Wilson describes ...
    04/19/2024 - 6:21 am | View Link
  • Alibaba Group Holding Ltd ADR
    We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
    04/17/2024 - 1:00 pm | View Link
  • Alibaba's Jack Ma steps out from the shadows with morale-boosting post
    Story continues Alibaba's shares have declined 27% in the past 12 months, giving it a market capitalisation of some $178 billion. Rival PDD, which briefly overtook Alibaba in terms of market value ...
    04/9/2024 - 1:00 pm | View Link
  • Movie theater industry makes plea for more films, rails against piracy at CinemaCon 2024
    Flag bearers for the National Assn. of Theatre Owners, the Motion Picture Assn. and others weighed in on the state of the movie business at CinemaCon.
    04/9/2024 - 12:26 pm | View Link
  • Alibaba: Buyback Could Be A Game Changer
    From June 30, 2022 to March 31, 2024, Alibaba spent $23.30 billion to buy back its own shares. In the fiscal year ended March 31, 2023, the net reduction in shares outstanding was 3.90% from the ...
    04/8/2024 - 1:20 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Entertainment News