daniel zhang
Alibaba Beats Market Expectations for its Quarterly Results
S. Rina | | Nov 02, 2016 02:16 PM EDT |
Internet giant Alibaba posted encouraging results for its second quarter. The company also reported an increase in its China revenue, underscoring the return of prosperity to the local economy.
Alibaba Reports Higher Earnings, But Misses Forecast
Rina S. | | May 06, 2016 08:31 AM EDT |
China's biggest e-commerce company Alibaba has reported its fourth quarter earnings at 5.36 billion Yuan ($832 million), up from 2.89 billion Yuan in the corresponding quarter of last year. Its revenue for the quarter stood at 24.18 billion Yuan ($3.75 billion), up 39 percent on a year-on-year basis. The company's gross merchandise volume in China was reported at $115 billion, up 24 percent.
Alibaba to Focus More on China in 2016
Christian George Acevedo | | Jan 07, 2016 09:53 AM EST |
Alibaba Group will shift its focus from the global market to China this year. The retail giant believes that it would benefit if it expands and refines its products and service offerings in China and focus on growing in rural areas.
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