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