Alibaba passes earnings milestones, silent on SEC probe


  • TECH
  • Friday, 12 Aug 2016

M-commerce boost: Alibaba made more money from mobile shopping than from PCs for the first time.

BENGALURU/BEIJING: China's Alibaba Group Holding Ltd posted its best revenue growth since before the e-commerce titan's listing in late 2014, lifting its shares to their highest level in a year.

But Alibaba was silent on the US Securities and Exchange Commission (SEC) investigation into its accounting practices, which have long been the subject of criticism.

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