Alibaba reported better-than-expected revenue and profit in the quarter through June, citing solid growth in its e-commerce and cloud-computing businesses amid China’s recovery from the coronavirus pandemic. Alibaba’s revenue for the quarter rose 34% while operating profit rose 42%. Net profit more than doubled, mainly because the value of publicly traded stocks owned by Alibaba jumped when the...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
The Briefing google ai
Musk’s Counterproductive Moves
What a time to be a tech business reporter! Even as Sam Bankman-Fried’s fraud trial gets underway, our scoop yesterday about AI startup Anthropic’s rising valuation suggests that the disgraced FTX founder may have scored at least one home run with his Anthropic investment. Yes, that’s right: The fast-evolving story about AI startups has converged with the SBF drama. The big question is how much...
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive startups ai
Y Combinator’s Garry Tan Goes to the Mat
AI Agenda ai
AI Startups Are Facing a Reckoning
Exclusive semiconductors ai
Nvidia Deepens Push Into AWS’ Turf