Alibaba revenue jumps 61% but one-time expense hits profit

Alibaba revenue jumps 61% but one-time expense hits profit

6 years ago
Anonymous $oIHRkISgaL

https://phys.org/news/2018-08-alibaba-revenue-one-time-expense-profit.html

But it added that net income would have grown by 33 percent in the period if not for a compensation award for employees related to Alibaba's payments unit Ant Financial.

Alibaba, which has made billionaire founder Jack Ma one of China's richest men and a global e-commerce icon, has wowed investors quarter after quarter with sterling revenue growth fuelled by the growing appetite of Chinese consumers for one-click online purchases.

Alibaba revenue jumps 61% but one-time expense hits profit

Aug 23, 2018, 1:17pm UTC
https://phys.org/news/2018-08-alibaba-revenue-one-time-expense-profit.html > But it added that net income would have grown by 33 percent in the period if not for a compensation award for employees related to Alibaba's payments unit Ant Financial. > Alibaba, which has made billionaire founder Jack Ma one of China's richest men and a global e-commerce icon, has wowed investors quarter after quarter with sterling revenue growth fuelled by the growing appetite of Chinese consumers for one-click online purchases.