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1.17098
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Gold
4489.27
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86.391
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158.241
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1.36560
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Real-time News
The German central bank expects the war with Iran to have no secondary impact on wages.The German central bank predicts that Germanys GDP will grow by only a small margin in the third quarter.The UKs August CBI industrial orders balance was -25, compared to an expected -40 and a previous reading of -45.The UKs August CBI industrial orders balance will be released in ten minutes.On August 20th, Alibaba Group (09988.HK) announced its quarterly results for the period ending June 30, 2026. CEO Wu Yongming stated, “We achieved strong results this quarter, with our full-stack AI capabilities driving continued growth in commercial returns. Specifically, Alibaba Cloud’s external commercial revenue accelerated to 45%, and AI-related product revenue has achieved triple-digit year-on-year growth for the twelfth consecutive quarter. Our recently released cutting-edge language, programming, video, voice, image, and music models all rank among the top performers. We launched Qianwen Office, an AI productivity platform designed to enhance enterprise productivity and capabilities. Thanks to our full-stack AI strategy, Alibaba…” "Baidu is in a very favorable position to capitalize on the enormous growth opportunities in the artificial intelligence and AI computing power market," said Xu Hong, CFO of Alibaba Group. "This quarter, the Group achieved strong revenue growth, and the profit margins of its core businesses continued to improve. Specifically, the cloud segments revenue continued to accelerate, with high-quality earnings and operating leverage driving the EBITA margin to 12%; instant retail maintained its market share while continuously optimizing efficiency, and overall e-commerce profits remained stable. As the synergies of our core businesses are further released and more AI commercializations are gradually implemented, we will have greater flexibility in terms of strategy and financial resources to continue our disciplined investment in full-stack AI capabilities."
