SoylentNews is people
SoylentNews
Chinese e-commerce giant Alibaba has beaten market expectations with a huge jump in quarterly revenues fuelled by online shopping.
Revenues for the three months to September rose 61% on the same period a year earlier, to 55.1bn yuan ($8.3bn; £6.4bn). It also raised its revenue predictions for the full-year forecast.
Alibaba is expanding from its core online businesses to investments in supermarkets and stores. "We had an outstanding quarter," Alibaba chief executive Daniel Zhang said in a statement. "We are seeing the early results from our efforts to integrate online and offline with our new retail strategy".
For the July to September quarter, income from operations surged 83% from a year earlier, to 16.58bn yuan.
This discussion has been archived.
No new comments can be posted.
Alibaba Revenues Surge 61% On Online Shopping
|
Log In/Create an Account
| Top
| 3 comments
| Search Discussion
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
You are capable of planning your future.
(Score: -1, Troll) by Ethanol-fueled on Saturday November 04 2017, @05:15AM (1 child)
You insectoid slants will never project the dominant power Americans do.
Dream on, Chinky-winkies. With one breath, with one stroke, we will take your properties slam down North Korea, and you all along with the rest of it.
HahaahahHeeheeHooooooooo!
(Score: 5, Informative) by Anonymous Coward on Saturday November 04 2017, @05:45AM
^ Trump voter