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BBCNEWS World July 5, 2024

behind the alibaba single - our asia correspondent. he was behind the alibaba single stay l behind the alibaba single stay phenomenon in 2009 and has been the chief executive for about eight years and he has been the chairman for around four years but now he is stepping down and he willjust focus on heading up the companys new cloud computing unit which is going to work on artificial intelligence. it is all part of the companys broader pivot away from e—commerce and online shopping i...
Tech Giant Alibaba Defence Contractor Chief Executive Leadership Shake Up Aliba Ba Correspondent Our Asia

BBCNEWS Asia Business Report June 4, 2024 00:33:00

Profit. microsofts quarterly profit grew thanks to the strength of its cloud computing unit and sales from microsofts intelligent cloud business, its biggest revenue driver grew 15% from this time last year to $24 billion. but that was perhaps less than wall street was hoping for because the share price initially traded lower. focusing on the big bit of artificial intelligence the ceo said we remain focused on leading the new ai platform shift. microsoft is not the only tech giant investing heav...
Revenue Driver Cloud Computing Unit Intelligent Cloud Business 24 Billion 4 Billion Artificial Intelligence

BBCNEWS Asia Business Report June 4, 2024 01:35:00

Outlook for this year. they now think the global economy will grow 3% in 2023. the imf has highlighted future concerns such as rising interest rates as well as chinas shallower than expected post covid economic rebound. it is also a big week for big tech and both microsoft and alphabet have reported their latest quarterly earnings and both saw their profits soar. both companies are locked in a race to develop artificial intelligence tools but as my colleague explains that is not quite driving fu...
Interest Rates Big Week Artificial Intelligence Parent Company Alphabet Revenue Driver Cloud Computing Unit

BBCNEWS Asia Business Report June 4, 2024 23:34:00

Growing very strongly, to be less — growing very strongly, to be less demand and that is weighing down. it domestic factors— weighing down. it domestic factors is the weakness in the property— factors is the weakness in the property sector that is weighing down on confidence in households and businesses wishing _ households and businesses wishing seem weaker consumption and weaker investment and that is a concern going forward. in is a concern going forward. in the is a concern going forwa...
It Domestic Factors Property Factors Big Week Cloud Services Parent Company Artificial Intelligence

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BBCNEWS World Business Report June 4, 2024 13:31:00

Behind the alibaba single - our asia correspondent. he was behind the alibaba single stay l behind the alibaba single stay phenomenon in 2009 and has been the chief executive for about eight years and he has been the chairman for around four years but now he is stepping down and he willjust focus on heading up the companys new cloud computing unit which is going to work on artificial intelligence. it is all part of the companys broader pivot away from e—commerce and online shopping is what mad...
Chief Executive Cloud Computing Unit Alibaba Single Our Asia Correspondent Alibaba Single Stay L Alibaba Single Stay Phenomenon Artificial Intelligence

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