Alibaba Posts 54 Percent Rise In Third-Quarter Revenue, Raises 2017 Guidance
Alibaba Group Holding Ltd on Tuesday posted a 54 percent rise in third-quarter revenue, beating analyst estimates, helped by higher sales during its Single’s Day shopping event and increased earnings in its cloud and digital media ventures. The company said it would be raising its 2017 full-year guidance for revenue growth from 48 percent to … Read more