Alibaba’s sales up 61%
Alibaba posted revenues of 61.9 billion yuan renmimbi (€8.2bn-$9.8bn) in the fourth quarter ended March 31, up by 61 percent from the same quarter a year earlier. Meanwhile, its net profit for the quarter fell by 33 percent to RMB 6.6 billion (€871.5m-$1,042.3m). The decrease was primarily due to non-recurring disposal ...
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