Alibaba Chairman Joe Tsai Says Company on a ‘Good Path’ After Years of Setbacks

Alibaba E-Commerce Spain, the Spanish subsidiary in which the owner of AliExpress channels his business in Spain, declares a profit after taxes of 600,000 euros in the fiscal year that started on April 1, 2023 and ended on March 31, 2024. The profits reflect a fall of 14% from the 700,000 euros noted a year ago despite scaling its revenues to 21.3 million, 26% more than in the previous year.

Alibaba chairman Joe Tsai says company on a ‘good path’ after years of setbacks

Alibaba is ‘on a very good path looking forward’ as it focuses on core businesses including e-commerce, cloud computing and AI.

3 Signs That Alibaba's Turnaround Effort Is Bearing Fruit @themotleyfool #stocks $BABA

Alibaba Group (NYSE: BABA) has been on a journey of transformation over the past two years as it prepares for the next growth phase. In this process, the Chinese e-commerce giant almost completely reshuffled its senior leadership team (including its CEO), doubled down on core businesses, and paid more attention to delivering shareholder value. While its turnaround work is ongoing, there are early indicators that this effort has begun to deliver …

Alibaba Chair Says Asian Firms Can Look For Growth Outside of US

Alibaba Group Holding Ltd. Chairman Joe Tsai said Asian companies can look to inter-Asia opportunities and the European market for growth as tensions between Washington and Beijing persist.