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BEIJING: Alibaba Group Holding Ltd's shares fell to a record low after China's biggest e-commerce company posted its slowest revenue growth in over three years as its strategy to shift more services to mobile devices hurt advertising sales.
Parkson presents a comfortable collection for Hari Raya.
Alibaba Group Holding Ltd's quarterly revenue rose 45 percent, beating analysts' expectations, as the Chinese e-commerce company reported a jump in gross merchandise volume.
SHANGHAI/HONG KONG: Alibaba Group Holding Ltd named a new chief executive on Thursday, as the Chinese ecommerce group’s blistering growth faces headwinds and less-lucrative mobile transactions surpassed those from personal computers for the first time.
Chinese e-commerce firm Alibaba Group Holding is injecting its online pharmacy operations into a Hong Kong-listed affiliate in a US$2.5bil (RM9.30bil) deal to consolidate its healthcare enterprise and ride a boom in online health-related business.
BEIJING/SHANGHAI: Alibaba Group Holding Ltd's shares fell more than 10 percent early on Thursday, wiping more than US$25 billion of market value after third quarter revenue at the Chinese internet giant fell short of analysts' expectations.
Alibaba Group Holding Ltd said more than US$6bil (RM20.07bil) of goods have been sold so far during its annual Singles' Day online shopping frenzy, as customers jumped on heavily discounted goods to send sales surging past 2013's record high.
HANGZHOU: Alibaba Group Holding Ltd said more than US$6bil of goods have been sold so far during its annual Singles' Day online shopping frenzy, as customers jumped on heavily discounted goods to send sales surging past 2013's record high.
Fresh from pulling off the world's largest IPO, China's Alibaba is set to impress Wall Street with record sales on Singles' Day, the year's biggest online festival, but merchants complain that they bankroll the e-commerce giant's big day.