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China's Alibaba says annual revenue up six percent year-on-year

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  • 2025-05-15 17:28 event
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China's Alibaba says annual revenue up six percent year-on-year
Alibaba Group Corporate Campus ad Hangzhou, Cina Credits: Alibaba Group Internet giant Alibaba posted on Thursday a six percent increase in annual revenue, the latest positive sign for China's tech s

Alibaba Group Corporate Campus ad Hangzhou, Cina
Alibaba Group Corporate Campus ad Hangzhou, Cina Credits: Alibaba Group

Internet giant Alibaba posted on Thursday a six percent increase in annual revenue, the latest positive sign for China's tech sector despite persisting economic uncertainties.

The firm's revenue during the fiscal year ended March 31 totalled 996.3 billion yuan (138.2 billion dollars), according to results posted to the Hong Kong Stock Exchange, up six percent from the previous twelve-month period.(AFP)

332. Struggles at Lanvin Group as parent company eyes asset sales

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Boutique Lanvin Credits: Lanvin Fosun International’s efforts to build a global luxury portfolio under its fashion arm the Lanvin Group, may be in flux. The Chinese conglomerate, which spent the la

333. McQueen Autumn Winter 2025 Pre-collection

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Credits: McQueen An eclectic city enclave and the cast of characters that make it. A site of transgression and creative rebellion, embodying the subversive spirit of McQueen. The Soho community, past

334. ‘Bape opens in Paris and takes control of European strategy,’ Adrien Kunz-Aubert, general manager Europe

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Adrien Kunz-Aubert, general manager Europe A Bathing Ape (BAPE) Credits: F. Julienne Interview On the occasion of the opening of the A Bathing Ape boutique, often shortened to BAPE, FashionUnited met

335. Walmart signals price hikes ahead

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Walmart Credits: Photo Credits: Walmart. Walmart reported a dip in first-quarter profit, citing the mounting cost pressures from tariffs imposed by the current administration as a key challenge. Desp

336. Dick’s Sporting Good confirms 2.4 billion dollar acquisition of Foot Locker

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Foot Locker Credits: Foot Locker Inc. US sportswear chain Dick’s Sporting Goods has confirmed its intention to acquire footwear retailer Foot Locker in a 2.4 billion dollar deal. The duo have enter

337. Portuguese footwear industry to invest 600 million euros

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Interview APICCAPS 2025 campaign image Credits: APICCAPS The Portuguese footwear, components, leather goods manufacturers association (APICCAPS), which represents the footwear industry in the country,

338. Salvatore Ferragamo: Weak DTC business results in negative quarterly results

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Salvatore Ferragamo Boutique in Frankfurt am Main. Credits: Salvatore Ferragamo Italian fashion house Salvatore Ferragamo S.p.A. reported a slight drop in revenue in the first quarter of the current

339. Tommy Hilfiger collaborates with Aleali May to reimagine Tommy Girl

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In Pictures Tommy Hilfiger Tommy Jeans – Tommy Girl spring 2025 capsule co-created with Aleali May Credits: Tommy Hilfiger by Clara Balzary Tommy Hilfiger, which is owned by PVH Corp., has teamed up

340. Veronica Beard names Halsey Anderson as Chief Brand Officer

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Halsey Anderson named Chief Brand Officer at Veronica Beard Credits: Veronica Beard Women's lifestyle brand Veronica Beard has appointed Halsey Anderson, former J.Crew Senior VP of Brand Marketing, a

341. China's Alibaba says annual revenue up six percent year-on-year

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Alibaba Group Corporate Campus ad Hangzhou, Cina Credits: Alibaba Group Internet giant Alibaba posted on Thursday a six percent increase in annual revenue, the latest positive sign for China's tech s

342. Watches of Switzerland FY25 bolstered by return to growth in H2

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Rolex store in Mumbai. Credits: FashionUnited Watchmaking specialist Watches of Switzerland (WOS) reported an improvement in financial performance for fiscal year 2025, during which it returned to gr

343. Textilegenesis CEO Amit Gautam joins Lectra’s management team

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Amit Gautam, an expert in sustainable fashion technology, joins the management team of technology company Lectra. Credits: Lectra Amit Gautam, founder and chief executive officer (CEO) of TextileGene

344. After strong quarter Birkenstock raises growth forecast

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Birkenstock-Store in San Sebastián Credits: Maarten Willemstein / Birkenstock. Birkenstock Holding plc saw significant growth in the second quarter of fiscal year 2025 and, as a result, raised its a

345. Primark now launches its free clothing repair workshops in the United States

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A “Love it for longer” repair workshop in one of Primark’s stores. Credits: Primark Budget fashion retailer Primark has brought it “Love It for Longer” repair workshops to the USA, initiall

346. Polesden Lacey opens exhibition exploring power and personality in fashion

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In Pictures National Trust’s Polesden Lacey ‘Dress to Impress’ exhibition - coronation gown Credits: National Trust by Arnhel de Serra National Trust’s Polesden Lacey in Surrey, the former hom

347. Burberry's turnaround: Fewer staff, more brand myth – is that enough?

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Burberry pop-up Credits: Burberry The British luxury fashion group Burberry, with its recent financial results, not only announced a significant reduction in jobs, but also provided insight into the

348. Veepee commits to Spain with opening of its third office in Madrid

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Veepee’s new offices in Madrid. Credits: Veepee. The French company Veepee, which specialises in online flash sales, has opened new offices in Madrid, located on Calle Fernández de la Hoz 52, in t

349. The Independents acquires documentary production firm, Terminal 9 Studios

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(L-R) Matthieu Duplan – Chief Operations Officer, Claude Lacaze – Founder and Chief Executive, Matthieu Menu – Artistic Director of Terminal 9 Studios. Credits: Florent Schmidt / The Independen

350. Exotic skins: Peta calls François-Henri Pinault ‘Pinocchio’ for broken promise

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Peta action at Kering’s annual general meeting 2025 Credits: Peta A look back at Kering’s annual general meeting on April 24, 2024, during which animal rights organisation PETA accused François-

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