HONG KONG (Bloomberg): Alibaba Group Holding Ltd’s posted quarterly revenue and earnings that topped analyst estimates as personalized recommendations drive consumer spending across its shopping sites.
Revenue at China’s biggest e-commerce company rose 51% to 93.5 billion yuan (US$13.6bil) in the three months ended in March, above the 91.7 billion-yuan average of analysts’ estimates compiled by Bloomberg. Adjusted earnings-per-share was 8.57 yuan, topping projections for 6.5 yuan.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
