Alibaba Group Hldg Ltd Stock Price, News & Analysis

Farfetch Limited (NYSE: FTCH) reported Q1 2022 results showing a 1.7% year-over-year increase in Gross Merchandise Value (GMV) to $930.8 million, and a 6.1% rise in revenue to $514.8 million. Despite challenges from macro events in China and operations ceasing in Russia, the company noted strong marketplace growth in the Americas and Middle East. Profit after tax surged to $728.8 million, aided by significant gains from fair value remeasurements. However, Adjusted EBITDA fell to $(35.8) million, reflecting a 8.2% margin decline.

Alibaba Group Holding Limited (NYSE: BABA) reported financial results for FY 2022, achieving a record RMB 8,317 billion in global GMV and 1.31 billion annual active consumers. Revenue grew 19% year-over-year to RMB 853,062 million, driven by China commerce and cloud segments. However, net income fell 59% to RMB 61,959 million, primarily from losses in equity investments. The company plans to focus on sustainable revenue growth and cost optimization amid macroeconomic challenges caused by COVID-19. Notably, Alibaba expanded its share repurchase program from $15 billion to $25 billion, effective through March 2024.

stc Group has established a new company, Alibaba Cloud, in Riyadh, Saudi Arabia, with a capital of SAR 894 million. This initiative is aimed at meeting the growing demand for cloud services in the region. In partnership with Alibaba Group and local entities, the company will provide advanced cloud solutions that enhance security for businesses in the Kingdom. This move aligns with Saudi Arabia's 2030 Vision to diversify the economy and stimulate investment in technology, contributing to job creation and the enhancement of the digital infrastructure.

Alibaba Group (NYSE: BABA) will release its unaudited financial results for the quarter and fiscal year ending March 31, 2022 on May 26, 2022. The earnings report will precede a conference call at 7:30 a.m. U.S. Eastern Time for discussing results. Interested parties can access the live webcast and archive on the Investor Relations website. This call will be available in English and Chinese.

Alibaba Group has pledged to make nine energy efficiency patents available for free, partnering with the Low Carbon Patent Pledge to support green technology adoption. The initiative aims to bolster efforts for a sustainable future and will see Alibaba Cloud's global data centers operating entirely on clean energy by 2030, starting with upgrades to five facilities in China. This move includes innovative technologies, such as the 'soaking server' cooling system, which reduces energy use by over 70% compared to traditional methods. Alibaba's Yitian 710 chip enhances energy efficiency by 50%.

Intercontinental Exchange (NYSE: ICE) announced that KB Securities has chosen the NYSE FANG+® Daily 2x Leveraged Index for its KB Leverage FANG Plus ETN(H). This index aims to deliver approximately twice the daily return of the NYSE FANG+ Index, focusing on high-growth tech stocks. The ETN, launched on April 19, 2022, enables Korean investors to access key 'FAANG' stocks such as Facebook, Apple, and Amazon through a single instrument. ICE's indices serve as a benchmark for $1.5 trillion in global fund assets.

Alibaba Cloud and VMware announced the enhancement of the Alibaba Cloud VMware Service, aimed at accelerating cloud transformation for enterprises in China. This service allows seamless application modernization and workload migration between on-premises and cloud environments, promising improved performance, availability, and security. Key features include enterprise-grade compute capabilities, unified infrastructure management, and strong disaster recovery support. The service is designed to reduce operational costs and operational risks while facilitating digital innovation.

Information Services Group reports a record global combined ACV of $24.2 billion, up 31% year-over-year. The XaaS market reached $15.6 billion, marking a 43% increase, while managed services grew 13% to $8.6 billion. ISG forecasts 22% growth for XaaS and 5.1% for managed services in 2022. The report highlights rising enterprise costs and IT talent shortages affecting pricing and project execution. Notably, IaaS spending surged 51%, but Chinese hyperscalers saw a 15% sequential decline.

Alibaba Group Holding Limited (NYSE: BABA) has increased its share repurchase program from US$15 billion to US$25 billion, signaling confidence in future growth. The enhanced program will be effective for two years, ending in March 2024. By March 18, 2022, the company had already repurchased 56.2 million shares for approximately US$9.2 billion. Additionally, Weijian Shan has been appointed as an independent director, effective March 31, 2022, as Börje Ekholm steps down after six years.