Another blockbuster quarter for Alibaba as revenue surges 61%

Another blockbuster quarter for Alibaba as revenue surges 61%

7 years ago
Anonymous $ZOEEBQ1zf0

https://techcrunch.com/2017/11/02/another-blockbuster-quarter-for-alibaba/

Alibaba’s stellar financial performance continues unabated after the Chinese e-commerce giant again beat analyst expectations thanks to impressive growth in its core business at home.

The firm reported total revenue of RMB 55.1 billion ($8.3 billion), beating expectations of RMB 52.2 billion according to a Reuters poll with 61 percent growth. Net profit for the period increased by 146 percent to reach RMB 17.7 billion ($2.7 billion).