Alibaba Group’s revenues up 9% in June Quarter

/

Hong Kong, 20th August: Last week, Alibaba Group, China’s largest e-commerce company, announced its results for the quarter ended 30th June 2026. The company recorded revenues of US$40 billion, an increase of 9% year-on-year. However, the company’s profit posted a decrease of 75% over the same quarter in 2025, down to US$1.5 billion. Alibaba attributed the decline to the decrease in come from operations, decrease in net gains from disposal of investments, and the decrease in net gain from mark-to-market changes of the equity investment. Diluted earnings per share in the quarter were RMB 0.46 (US$0.07).

The new Alibaba E-commerce Group, including its B2B business, presents its revenues in four segments: China E-commerce, China Quick Commerce, International E-commerce, and Global Wholesale, reflecting the company’s strategic focus on unlocking significant synergies across its domestic and cross-border e-commerce businesses. The Alibaba E-commerce Group generated revenues of US$30 billion, a year-on-year 4% increase. The Global Wholesale segment recorded revenues of US$2.05 billion in the quarter, up 7% from the same quarter last year.

For the whole company, the Alibaba Group reported revenue growth was due to AI monetization and Cloud revenues growth.

Eddie Wu, Chief Executive Officer of Alibaba Group, said, “We delivered a strong quarter, driven by the improving commercialization of our full‑stack AI capabilities. Alibaba Cloud’s external revenue growth accelerated to 45%, with AI-related product revenue delivering triple-digit growth for the twelfth consecutive quarter. We recently launched frontier language, coding, video, audio, image and music models, all delivering top-tier performance. We introduced QwenWork, an AI workforce agent that unleashes enterprise productivity and capabilities. With our full‑stack AI strategy, we have put Alibaba in a superior position to capture the substantial growth of demand for artificial intelligence and AI compute.”

Separately, the Alibaba Group announced the pricing of its HK$80 billion placing of 710,000,000 newly issued ordinary shares of the company (Placement Shares) to non-U.S. persons outside the United States, at a placing price of HK$112.70 per Placement Share, which is expected to close on 26th August 2026, subject to customary closing conditions.

Meorient posts decrease in revenues and profits

/

Shanghai, 22nd August: Shenzhen-listed exhibition organiser, Meorient, has recently announced its financial results for the six months ended 30th June 2026. The group’s revenues in the first half of 2026 dropped by 30% year-on-year, down to US$25 million.

The company posted a net loss of US$2.2 million, compared with a net profit of US$2.2 million in the first half of 2025. The company stated the loss was mainly due to the cancellation of the offline exhibition originally scheduled to be held in Dubai, UAE in June 2026.

During the first half of 2026, Meorient held five exhibitions in Japan (Osaka and Tokyo), Vietnam (Ho Chi Minh City), Indonesia (Jakarta) and Poland (Warsaw). These exhibitions featured more than 1,700 exhibitors from more than 10 provinces and cities in China, occupying a total exhibition area over 70,000 m2, and attracting more than professional buyers.

To improve its performance, the company optimised its product portfolio, providing exhibitors with international exhibition platforms tailored to specific industries, to build a differentiated core competitive advantage. In addition, the company has also secured key exhibition halls and prime time slots in its key markets and established in-depth cooperation with the local leading business organisations.

Made-in-China.com’s revenues up 15%

/

Nanjing, 26th August: Earlier this week, Shenzhen-listed Focus Technology, owner and operator of the B2B trading platform, Made-in-China.com, announced its financial results for the six months ended 30th June 2026. Revenues were US$155 million, representing a year-on-year growth of 15%.

However, the company’s profit in the six-month period dropped by 12%, down to US$38 million. Diluted earnings per share in the first half of 2026 were RMB 0.6196 (US$0.091).

As of 30th June, the company reported that Made-in-China.com platform had a total of 30,915 paid members, up 8% year-on-year. At the same time, the company’s AI service, “AI Mai”, had about 14,392 paid members. In the first half of 2026, revenues generated from “AI Mai” were US$7.03 million, up 38% year-on-year.

According to the company, the Made-in-China.com platform has steadily improved in the membership scale and operating quality in the reported period. The company also posted a strong performance in its “AI Mai” service.

Quick takes

/

TCEB’s MEET Thai Plus 2026 Shenzhen to be held next month

The Thailand Convention and Exhibition Bureau (TCEB) will launch MEET Thai Plus 2026 Shenzhen next month, taking place from 9th to 10th September 2026, at the Shenzhen Convention and Exhibition Centre (SZCEC) in Shenzhen. The event will cover an exhibition and meeting space of 7,500 m2, expecting to attract 1,500 participants. With the theme of “Thailand: Meet for More”, TCEB aims to introduce a new dimension of overseas business events marketing focused on the Chinese market.

Baidu to dual-primary listing in Hong Kong and U.S.

Baidu, Inc., a leading AI company, announced the company’s secondary listing status to primary listing on the Main Board of The Stock Exchange of Hong Kong Limited (Hong Kong Stock Exchange), to become effective on 1st September 2026. The company will become a dual-primary listed company on the Hong Kong Stock Exchange in Hong Kong and the NASDAQ Global Select Market in the United States.

3.5m+ visitor arrivals to Macau in July

Macau’s Statistics and Census Service (DSEC) its latest report of visitor arrivals in July 2026. A total of 3,542,218 visitor arrivals to Macau were recorded in July, increased by 2.4% year-on-year. Same-day visitors grew by 6.4%, reaching 2,107,744; however, overnight visitors dropped 2.9%, down to 1,434,474. The average length of stay of visitors shortened by 0.1 day year-on-year, at 1.1 days.

Pet Fair Asia 2026 attracts 130,000+ professionals

The 28th edition of Pet Fair Asia concluded at the Shanghai New International Expo Centre (SNIEC), attracting over 130,000 professional visitors, from 102 countries. Running from 19th to 23rd August 2026, the event featured more than 2,600 exhibitors, covering an exhibition space of 320,000 m2. More than 80 themed summits, forums and events were held during the exhibition. In addition, the two public days attracted more than 400,000 pet lovers to the event. The next edition of the event will be held from 18th to 22nd August 2027, returning to SNIEC.

CENTRESTAGE returns in Hong Kong in September

CENTRESTAGE, Asia’s premier annual fashion event, will take place at the Hong Kong Convention and Exhibition Centre (HKCEC), running from 2nd to 5th September 2026. Organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA) of the Government of the Hong Kong Special Administrative Region (HKSAR), the event will bring some 270 brands from 24 countries and regions. More than 40 spectacular events, including over 30 fashion shows, will also be held during CENTRESTAGE.