Donkey's Ears Perk Up as Alibaba's Profit Plunges
Alright now listen up! So this Chinese tech giant Alibaba had a rough time in the March quarter with its net profit tanking by a whopping 86% year on year. I mean that's more than the amount of times Shrek tells me to be quiet!
Reigniting Growth With a Little 'Donkey like' Confidence Boost
CEO Eddie Wu over there is all like 'We're returning to growth baby!' after the rocky year Alibaba had. The guy even increased the share buyback program by $25 billion! That's a lot of waffles!
AI Oh AI! What Would Shrek Say About Alibaba's Cloud Struggles?
Alibaba's cloud computing division ain't doing so hot just like a dragon trying to fit in a tiny donkey sized stable. But hey they're seeing triple digit growth in AI related revenue! Looks like they're finally tapping into that 'onion' of technology!
Alibaba Chinese tech giant net profit revenue e-commerce investments AI growth CEO fiscal fourth quarter cloud computing
Comments
- No comments yet. Become a member to post your comments.
From Donkey
Breaking News
All Rights Reserved © 2023