China social media and mobile giant Tencent Holdings (TCEHY) early Wednesday reported third-quarter earnings that fell short of views as revenue growth slowed. Tencent, one of the largest Internet companies in China along with rival Alibaba Group (BABA), reported Q3 revenue of $3.22 billion, up 28% from the year-earlier quarter but slightly below estimates of $3.32 billion. That maintained a string of double-digit revenue growth going back more
Alibaba Group (BABA) swung it out of the park on Singles’ Day, raking in $9.3 billion in sales on the major shopping holiday. But the Chinese e-commerce company that rivals Amazon (AMZN) isn’t the only hotshot on the playing field. Today’s Young Guns Screen of the Day features four other top-rated Chinese companies that have gone public within the last 15 years, several of which are expected to report earnings by the end of next week. Recent IPO
China e-commerce giant Alibaba Group (BABA) shattered last year’s record for Singles’ Day on Tuesday, processing $9.3 billion in total gross merchandise sales. That’s up 62% from the $5.75 billion it processed last year for the annual shopping holiday on Nov. 11, also known in China as Shopping Festival. This year, 43% of shopping transactions processed by Alibaba came through mobile devices. Alibaba’s websites account for about 80% of retail