from Reuters: Business News https://ift.tt/2KwYIJc
Friday, May 4, 2018
Alibaba quarterly revenue rises 61 percent
(Reuters) - China's Alibaba Group Holding Ltd reported a better-than-expected 61 percent rise in fourth-quarter revenue on Friday, driven by steady sales in its core ecommerce and cloud computing businesses. Revenue was 61.9 billion yuan ($9.73 billion) in the reported quarter, compared with the average analyst estimate of 58.9 billion yuan, according to Thomson Reuters I/B/E/S. Net income attributable to shareholders, however, fell 29 percent to 7.56 billion yuan.

from Reuters: Business News https://ift.tt/2KwYIJc
from Reuters: Business News https://ift.tt/2KwYIJc
Related Posts:
UK regulator to enquire if Facebook data breach has affected UK citizensThe UK's Information Commissioner's Office said on Friday it will make enquiries with Facebook Inc and other overseas regulators to find out if British citizens were affected by a security breach announced by the company earl… Read More
Credit Suisse is fined $10 million in U.S. over customer ordersCredit Suisse Group AG was fined $10 million on Friday by the U.S. Securities and Exchange Commission and New York Attorney General Barbara Underwood over its handling of retail customer orders, including through its dark poo… Read More
EU regulators want to know if merchants hurt by Amazon copiesEU antitrust regulators are asking retailers and manufacturers whether Amazon's sales of own brand products similar to theirs have harmed their business, a move which could lead to a formal case and possibly fines against the… Read More
U.S. consumer spending rises, monthly inflation moderatesU.S. consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve's 2 percent target for a four… Read More
Cost to insure Tesla debt spikes to record highThe cost to insure debt holdings in electric carmaker Tesla Inc rose to its highest-ever level on Friday as the bond market reflected growing worries about a default, following the news that Chief Executive Elon Musk had been… Read More
Are US tariffs bringing manufacturing back to Canada?
Canadian firms are having a growing conversation about the need for more homegrown production. from BBC News https://ift.tt/uvTAsct
0 comments:
Post a Comment