This morning Alibaba CEO Eddie Wu presented profits up 239% over 2023
- Alibaba in HK rises 13%
this very good result is attributed to strong performance in the cloud business and expansion on AI
- the ecommerce sector showed signs of recovery in China
yesterday Walmart reported its quarterly results
for the first time Amazon had higher revenues than Walmart in a quarter
- expectations show that by 2025 full-year revenues will also be higher
Amazon becomes the number one company by revenue in the US, surpassing Walmart
Walmart had held the top spot since 2012 when it overtook Exxon
