Get the latest gossip
Alibaba Quarterly Profits Slide to $3.3 Billion as Entertainment Unit Returns to Loss
Chinese giant Alibaba's quarterly profits slipped between April and June and the entertainment unit returned to loss.
Alibaba Group, China’s e-commerce and entertainment giant, saw net profits fall by 27% in the April-June period, which represents the first quarter of its April to March financial year. “Two-thirds of national broadcasters used live signals transmitted by Alibaba Cloud in real-time around the world, reaching billions of viewers. But Alibaba Pictures, a Hong Kong listed component of the media division, is likely to report more detailed numbers in the coming days.
Or read this on Variety