5 days ago
5
Reuters
Tue, November 25, 2025 astatine 4:37 AM CST 1 min read
(Reuters) -Chinese e-commerce elephantine Alibaba (BABA) bushed analysts' estimates for quarterly revenue connected Tuesday, arsenic investments successful one-hour transportation helped thrust much users to its buying apps, portion its unreality part reported beardown growth.
U.S.-listed shares of the institution roseate 3% successful premarket trading.
Major retailers successful China are jostling for marketplace share successful the instant commerce abstraction by offering large discounts and charismatic deals.
NYSE - Delayed Quote USD
At close: November 24 astatine 4:00:02 PM EST
Alibaba has also benefited from Beijing's appliance trade-in subsidies, which let consumers to speech older location appliances similar refrigerators and TVs for newer models astatine discounted prices, though that strategy has begun winding down and officially ends connected December 31.
The institution reported gross of 247.80 cardinal yuan ($34.97 billion) successful the 2nd quarter, compared with the estimates of 242.65 cardinal yuan, according to information compiled by LSEG.
The institution has been doubling down connected artificial quality arsenic a catalyst for maturation across its cloud and user ecosystems, channeling billions of dollars into AI infrastructure, exemplary improvement and product innovation.
($1 = 7.0853 Chinese yuan renminbi)
(Reporting by Harshita Mary Varghese successful Bengaluru; Editing by Anil D'Silva)
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