Alibaba Shows Strong Growth In Revenue, Earnings Post

By | August 27, 2014

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China e-commerce giant Alibaba Group reported strong growth in revenue and earnings for its most recent quarter in a filing with the Securities and Exchange Commission on Wednesday. Alibaba said that revenue in local currency rose 46% to $2.54 billion for the quarter ended June 30 over the same quarter a year earlier. Net income of $1.99 billion, or 84 cents a share, was an increase of 182% from the year-earlier period. Alibaba is expected to Scalper1 News

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