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Alibaba Gets Boost In Revenue From Strong Mobile Use

Alibaba Group (BABA) stock hit a new high Tuesday after China’s e-commerce leader reported third-quarter earnings that showed strong growth in mobile. The China e-commerce giant reported earnings per share minus items of 45 cents, meeting Wall Street’s consensus estimate, for its fiscal second quarter ended Sept. 30. Revenue of $2.74 billion, up 54% from the year-earlier quarter and led by a surge in mobile sales, beat estimates of $2.6 billion,

Video: Alibaba Gets Revenue Boost From Mobile Use

Alibaba Group (BABA) stock hit a new high Tuesday after China’s e-commerce leader reported third-quarter earnings that showed strong growth in mobile. The China e-commerce giant reported earnings per share minus items of 45 cents, meeting Wall Street’s consensus estimate, for its fiscal second quarter ended Sept. 30. Revenue of $2.74 billion, up 54% from the year-earlier quarter and led by a surge in mobile sales, beat estimates of $2.6 billion,

Kandi Launches Car-Share Mobile Payment Via Alibaba

Chinese automaker Kandi Technologies Group (KNDI) launched a mobile payment service for an electric vehicle car-sharing program offered by its joint venture with Geely Automobile. Under an agreement with Ant Financial Services, Kandi Electric Vehicles customers can use Alipay and Alipay Wallet, a service of Chinese Web giant Alibaba Group (BABA). The agreement also allows zero deposit for qualified renters with good credit records based on