Get the latest gossip
China’s Alibaba Manages 5% Revenue Advance as Profits Are Lifted by Investment Gains
Alibaba, China’s e-commerce, entertainment and tech giant, reported a 5% increase in revenues in the three months to September.
We entered into long-term collaborations with industry peers to broaden payment and logistics services on Taobao and Tmall platforms, which we expect will accelerate our overall growth. The group has become a bellwether for the mainland Chinese economy which has undergone a rocky period, but which is now responding to government stimulus measures. Alibaba now has dual primary share listings in Hong Kong and on the New York Stock Exchange (in ADR form).
Or read this on Variety