Marcin Frąckiewicz

Marcin Frąckiewicz

Marcin Frąckiewicz is the founder and CEO of TS2 Space, a satellite communications company working with customers worldwide. His experience spans satellite communications, telecommunications and technology ventures. He graduated from the Warsaw School of Economics (SGH) and writes about space technology, artificial intelligence, stocks and the technology companies and industries he follows. Follow Marcin Frąckiewicz on Google News, Facebook or LinkedIn.

Stock Market Today: Live Updates 20.08.2026

Stock Market Today: Live Updates 20.08.2026

LIVEMarkets rolling coverageStarted: August 20, 2026, 3:42 AM EDTUpdated: August 20, 2026, 6:42 AM EDT Alibaba posts 9% revenue increase on surging AI cloud demand August 20, 2026, 5:35 AM EDT. Alibaba reported revenue of 268.95 billion yuan for the quarter, a 9% rise from a year earlier, narrowly topping the LSEG consensus forecast of 268.88 billion yuan. Revenue in AI cloud and compute services soared 45% to 48.44 billion yuan, driven by expanding enterprise needs for AI infrastructure. Capital expenditure jumped 75% to 67.68 billion yuan, highlighting the group’s heavy spending in this area. Growth in cloud was also
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