
As of 12 p.m. the China e-commerce giant's shares were up more than 10 percent, to $138.82 in US trading on the heels of a bullish outlook offered up Alibaba CFO Maggie Wu at the start of a two-day investor conference. Analysts polled by Bloomberg had expected the ecommerce giant to post revenue growth of 35% for the year.
Alibaba's share price bounced 13 percent to a record US$142.30 on the New York Stock Exchange on Thursday, boosting its market valuation to US$362.3 billion and surpassing Tencent's US$332.3 billion.
That factor is important in China's digital advertising landscape, one in which most advertising data remains siloed within the country's largest three consumer-facing technology firms-Alibaba, search-focused Baidu and Tencent, which operates popular messaging platforms WeChat and QQ. For example, Tencent's Weixinpay is catching up with Alipay in the online payment space. To underscore the changes afoot at the Chinese company, it also said Thursday it will be reporting active consumers instead of buyers and will report customer management revenue instead of online marketing since it has more channels than just Alibaba.com.
Press Club condemns 'attempt to intimidate media' over NDTV row
Veteran journalist Kuldeep Nayyar urged journalists to rise to the occasion in this battle for independent media. He also alleged that the enforcing agencies are being manipulating and want to eviscerate these institutions.
Alibaba is spending billions of dollars on new businesses.
Other new business lines are also gaining traction, according to Zhang, with cloud computing transforming from an infrastructure provider to an application-enhanced service. Without those additions, Wu said, last year's growth would have been 44-45 percent. We note that Alibaba faces tough competition from Amazon (AMZN - Free Report) in the USA but has successfully prevented Amazon from encroaching into its home turf.
Alibaba is holding meetings with investors this week. "This will be good news for its share price, which could rise 6 to 7 percent based on this forecast", he added without specifying a timeframe. "Profitability is still not the priority for our cloud business", Wu told investors, reported Bloomberg. After shares rose following its initial public offering in NY in late 2014, the stock struggled for a few years before jumping in 2017.
Apple HomePod brings Siri into the living room
The seven-inch speaker is wrapped with a very shiny mesh material, which creates a virtual surround sound throughout a home . KGI securities' super Apple analyst Ming-Chi Kuo had called the higher HomePod price weeks ago , and was 100% right on.
Ronaldo shines for Portugal, while Lloris dims French hopes
And the unbelievable late drama means Sweden move above France at the top of Group A as the race for Russian Federation continues. However, his long pass was picked off by Sweden's Ola Toivonen , who plays professionally in France's Ligue 1.
Chris Matthews: Trump-Russia collusion theories 'came apart' during Comey testimony
According to Mr Comey , Mr Trump also made a long series of comments about the problem with leaks of classified information. Mr Trump tweeted earlier on Friday he felt "complete vindication" after the hearing.
Warriors fan wins national spelling bee during Game 1 victory
The bee shook things up in its 90th incarnation, adding a written, 24-question test that all finalists had to take Thursday night. Ananya was crowned the victor of the 90th instance of the erudite tournament after she spelled 35 words correctly.
Tipton votes to support CHOICE Act
The remainder of the Alabama delegation voted in favor of the bill, which passed the House 233-186 along party lines. Elizabeth Warren, a fierce critic of Wall Street , has called the bill a "handout to Wall Street ".
Zoe Saldana Raises HIV Awareness in Sia's Powerful New Music Video
One hundred percent of proceeds of the sale of " Free Me " will benefit #endHIV , a project of the Abzyme Research Foundation . Sia has teamed up with Hollywood powerhouses Zoe Saldana and Julianne Moore to release her new song " Free Me ".
Minnesota officer says Philando Castile had hand on gun when shot
That gave him a legal reason to make the stop, Dutton said. "We have to look at the totality of the circumstances", Mangseth said. Squad-car video of the encounter shows that Yanez replied, "OK, don't reach for it then", Yanez replied.
Apple confirms release of HomePod - the 'smartest speaker on offer' Both the Echo and Home are not available in Singapore, and the HomePod will not be coming to the Republic any time soon as well. But Apple was careful to frame it as a product focused on music first - potentially differentiating it from the Echo and Home .
'I wanted it to stop,' accuser tells Cosby trial
Cosby also reportedly told a cop that he and Constand never actually had sex, and she only ever "rejected his advances" one time. And I don't feel her say anything. "And then I stopped, and I went up to bed". "I wanted to know what he gave her", she said.
IS bobm kills at least 20 in Iraq
ISIS also claimed for one of these incidents, this time a vehicle bomb detonated in the district of Karrada. A firefighter hoses down a street after a suicide bomb attack in the city of Kerbala, Iraq June 9, 2017.
M Venkaiah Naidu terms Rahul Gandhi's visit to Mandsaur as 'photo opportunity'
Chief Minister Chouhan urged the farmers to maintain peace and promised to resolve the crisis through talks. It is the sixth death of the farmer being reported from violence-hit Mandsaur district in Madhya Pradesh .
Lance McCullers deals seven strong in Astros' victory
A five-run ninth inning helped Houston take a 6-1 win over Kansas City on Thursday evening, earning a split of the four-game set. Moments later, after two more walks, first baseman Yuli Gurriel dumped a two-run single into center field with two outs.
Dramatic footage shows London terror attack, deadly response by police
The two killers both lived in Barking, east London , while police are working to identify the third accomplice. Police shot and killed the three attackers within eight minutes of receiving an emergency call, police said.
Comey's testimony gives building blocks for obstruction case Lynch (a President Barack Obama appointee) "directed me not to call it an investigation but instead to call it a "matter". He added he had no problem with the Trump releasing the tapes, if they exist. "He said, 'I hope'".
Google offers another great reason to buy a Pixel or Pixel XL
The listing states that the phablet is running on Android 7.1.1 Nougat, but it is most likely to ship with Android O preinstalled. While it might be too early to tell what Google is actually planning one of the alleged devices has just appeared on GFXBench .