Alibaba�s revenue jumps 32pc

AFP, SHANGHAI: Chinese e-commerce giant Alibaba saw its revenue jump 32 per cent year-on-year for the quarter ending in December, it
said in a statement yesterday, despite slowing growth in the world's second-largest economy.
Alibaba, which dominates the consumer-to-consumer market in China, said revenue reached $5.33 billion (34.54 billion yuan) in the December quarter, beating an average forecast of 33.2 billion yuan in a survey of analysts by Bloomberg News.
Investors have hammered the New York-listed shares of Alibaba as a proxy for China's falling growth, weakening currency and domestic stock market turmoil.

Alibaba�s revenue jumps 32pc

AFP, SHANGHAI: Chinese e-commerce giant Alibaba saw its revenue jump 32 per cent year-on-year for the quarter ending in December, it said in a statement yesterday, despite slowing growth in the worlds second-largest economy. Alibaba, which dominates the consumer-to-consumer market in China, said revenue reached $5.33 billion (34.54 billion yuan) in the December quarter, beating an average forecast of 33.2 billion yuan in a survey of analysts by Bloomberg News. Investors have hammered the New York-listed shares of Alibaba as a proxy for Chinas falling growth, weakening currency and domestic stock market turmoil.