PYMNTS-MonitorEdge-May-2024

Eddie Wu

Alibaba’s Profits Fall 27% as Chinese Consumers Cut Back
Alibaba’s Profits Fall 27% as Chinese Consumers Cut Back
August 15, 2024  |  Earnings

Alibaba’s Chinese commerce business has shrunk for the first time amid weak consumer spending. The Chinese conglomerate released earnings Thursday (Aug. 15) showing a 27% decline in profit,...

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Alibaba: Trust Is Make-or-Break for eCommerce Shoppers in China
Alibaba: Trust Is Make-or-Break for eCommerce Shoppers in China
May 14, 2024  |  Earnings

Amid Alibaba’s declining profits, the eCommerce giant is seeing its online shoppers’ spending habits depend heavily on how trustworthy they feel the platform is. On...

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Alibaba CEO Says AI and User Experience Are Top Priorities
Alibaba CEO Says AI and User Experience Are Top Priorities
September 12, 2023  |  Artificial Intelligence

Alibaba Group’s new CEO, Eddie Wu, has reportedly elevated artificial intelligence (AI) and user experience to be the company’s top priorities moving forward. As Alibaba...

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