China’s Alibaba Revenue Jumps 61% But One-time Expense Hits Profit

Worries have emerged recently over data indicating that China's economy is slowing, including retail sales, as well as the potential impact of the US-China trade war.

China’s Alibaba Revenue Jumps 61% But One-time Expense Hits Profit

  SHANGHAI – Chinese retail giant Alibaba said on Thursday that its revenue jumped 61% in the latest quarter as its core e-commerce segment chugged along, but profit for the period was dragged down by a one-off expense. The Hangzhou-based company said net profit was down 41% year-on-year to 8.69 billion yuan ($1.26 billion) in […]

Chinese E-Commerce Giant Alibaba Sets Plans for Thailand

Chinese E-Commerce Giant Alibaba Sets Plans for Thailand

BEIJING – The Chinese e-commerce giant Alibaba has agreed to step up investments in Thailand as competition between online retailers heats up in fast-growing Southeast Asia. The founder of the online shopping giant, Jack Ma, met with Thailand’s prime minister, Prayuth Chan-ocha, on Thursday and later signed several agreements, including one to help set up […]