Alibaba reports Q4 revenue up 60% at $5.6B beating estimates, and net income of $1.55B; online sales of retail goods in China rose 26% in four months this year (Wall Street Journal)


Wall Street Journal:

Alibaba reports Q4 revenue up 60% at $5.6B beating estimates, and net income of $1.55B; online sales of retail goods in China rose 26% in four months this year  —  Chinese e-commerce giant Alibaba said earnings for its fiscal fourth quarter nearly doubled as more shoppers turned to its online platforms for purchases.

Source: http://www.techmeme.com

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