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Re: earlylight post# 96887

Thursday, 08/23/2018 12:40:14 PM

Thursday, August 23, 2018 12:40:14 PM

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Alibaba Group Holding Ltd (BABA)
The world's biggest online retailer said first-quarter revenue rose 61 percent, beating analysts' estimates, driven by growth in its core e-commerce business. Net income attributable to shareholders, however, fell 41 percent to 8.7 billion yuan, or 3.3 yuan per share, due to one-off costs related to share-based compensation for Ant Financials' recent fundraising. Revenue reached 80.9 billion yuan in April-June.

Euro plus1

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