Lorraine Tan on big tech earnings, trends in China
Chinese tech giant Alibaba has reported a sharp drop in its first-quarter on-year profit, despite strong AI demand fuelling growth in its cloud business. Meanwhile, a day after a blockbuster stock market debut, Unitree's shares traded more than 19 per cent down by the close, but still more than four times above its strike price. CNA speaks to Lorraine Tan, Director of Equity Research at Asia Morningstar. She shares her insights on the latest big tech earnings and trends in China.
Chinese tech giant Alibaba has reported a sharp drop in its first-quarter on-year profit, despite strong AI demand fuelling growth in its cloud business. Meanwhile, a day after a blockbuster stock market debut, Unitree's shares traded more than 19 per cent down by the close, but still more than four times above its strike price. CNA speaks to Lorraine Tan, Director of Equity Research at Asia Morningstar. She shares her insights on the latest big tech earnings and trends in China.
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