Alibaba office building on 18 February 2025 in Nanjing, Jiangasu province, China.
Feng Dongxu | View China Group | Getty images
Chinese Tech Titan Alibaba started jumping 239% year-on-year in the last quarter of 2024. CEO Eddie Wu said that the bright results for the company’s cloud business and its triple-shrines in Artificial Intelligence played a role in the last six quarters, although an increase in retail sales also played a role.
Like Alibaba, Amazon wears a dual cap of retailer and cloud provider. The company’s retail unit is its biggest moneymaker – but revenue is also fuel by its cloud computing services. At the end of 2024, Amazon’s quarterly revenue first crossed Walmart, in an indication that the tech group is entering more parts of the economy.
Walmart, however, is still expected to be the world’s largest annual revenue generator – for now.
What should you know today
American markets retreat from records
The US market fell on Thursday. S&P 500 It was 0.43%below, retreated from recent heights and thus put it in red for the week so far. Dow jones industrial average 1.01% and lost Nasdac Composite Deall 0.47%. The Asia-Pacific stock climbed on Friday. Hong Kong Hang Seng Index Since February 2022, more than 3.4% popping at its highest level behind an increase in Alibaba’s shares. Japan Nikkei 225 About 0.2% added amidst continuous consumer price growth.
Continuous inflation in Japan
In January, Japan’s inflation rate increased to 4%year -on -year, hitting its highest level since January 2023. Core inflation – except for fresh food prices – increased to 3.2%, by defeating 3.1%expectations of economists, according to a Reuters Poll. This figure was the highest since June 2023. Headline inflation remains above the 2% target of Bank of Japan for 34 straight months.
Alibaba shared a pop on cloud growth
Alibaba shot 8.1% in the US on Thursday and jumped up to 12% in Hong Kong on Friday. The Chinese tech veteran reported a net income of 48.945 billion yuan ($ 6.72 billion) in the December quarter on Thursday, which increased by 239% a year ago. Alibaba The top line was also better than expected, with an increase in sales in its Cloud Intelligence Group during the quarter. separately, Gamestop Wall Street Journal said on Thursday that CEO Ryan Cohen raised its personal stake in Alibaba to about $ 1 billion.
Amazon’s quarterly revenue defeats Walmart
Amazon has separated Walmart in quarterly revenue for the first time. Heroic Earlier this month, it was said that it was brought in revenue of $ 187.8 billion during the fourth quarter – above $ 180.5 billion reported by Wal-mart On Thursday. Since 2012, Walmart has achieved the distinction of being the top revenue generator in every quarter, a title that it received after the oil veteran Axon Mobil.
Tames private
According to a person familiar with the case, private equity investor KKR is offering about $ 4 billion ($ 5 billion) for the UK’s struggling Tems Water Utility. The water utility firm has been unhappy with ballooning debt and warned that it will run out of cash till 24 March. KKR’s participation will include ยฃ 4 billion management-kharid submission, resulting in a breakup of the sale or utility of assets. The source said.
(Supporter) behind Thursday sales
Walmart, as the US’s largest retailer and a generator of revenue, serves as a bellweather for health. So when the company said that it expected an increase of profit to slow down this financial year, investors took notice and sold shares. What analysts here have thought about taking a dip in the markets on Thursday.
And finally …
Donald Trump (L) and Vladimir Putin of Russia arrived to attend a joint press conference on July 16, 2018 after a meeting at the President’s Mahal in Helsinki.
Yuri Kadobnov | AFP | Getty images
Moscow hated America for years because its economy paid a high price for war-now, it is doing a U-turn
Since invading Ukraine three years ago, Russia has spent a significant amount of energy that fulfills America and discredit the country. But the arrival of a friendly administration under US President Donald Trump, which ran away running to end the struggle in Ukraine – as well as a way from the economic and geopolitical cold – indicate the softness of the adverse trend of the Kremlin – the adverse trend of the Kremlin. Are you
Tension between Trump and Ukraine President Volodmi Zelanski spread to open sharpness on Wednesday, Trump called Zelanceci a “dictator”, Putin praised Trump, which is described as “hysteria” by European leaders. . Negotiations on the future of Ukraine.
