GOING UP: Just weeks ahead of its expected debut on the New York Stock Exchange, Chinese Internet colossus Alibaba reported that its quarterly profit nearly tripled on surging revenue.
NEW YORK: Just weeks ahead of its expected debut on the New York Stock Exchange, Chinese Internet colossus Alibaba reported that its quarterly profit nearly tripled on surging revenue.
Alibaba Group made a profit of nearly US$2bil (RM6.29bil) on revenue of US$2.5bil (RM7.86bil) in the quarter ending June 30 according to updated documents filed with the US Securities and Exchange Commission.
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