Browsing: revenue growth

Alibaba Group has announced an HK$80 billion share placement aimed at financing its artificial intelligence initiatives and expanding its AI infrastructure. The Chinese tech giant will issue 710 million new ordinary shares at HK$112.70 each. Alibaba plans to finalize the transaction by Aug. 26, pending standard conditions. All net proceeds from the offering will be allocated toward enhancing its comprehensive AI capabilities, supporting upgrades and expansion of its AI infrastructure. This fundraising follows a notable rise in Alibaba’s capital expenditure on computing infrastructure, which hit RMB67.68 billion, roughly US$10 billion, in the quarter ending June 30.

South Korea opened 2026 with an 11.3 trillion won fiscal surplus as tax revenue rose sharply in January, offsetting higher government spending.

Air Arabia reported record 2025 pre-tax profit of AED 1.8bn, revenue of AED 7.78bn, and a proposed 30 fils dividend, pending approval. Passengers reached 21.8m.

Etihad Airways posts record AED 1.7 billion nine-month profit as passenger and cargo revenues climb, marking its strongest performance ever.

Sony raised its full-year forecast after strong PlayStation 5 sales lifted revenue and profits in the December quarter, surpassing analyst expectations and driving an 18% growth.