Around the Net

Alibaba Q4 Earnings Beat Estimates

Despite China’s slowing economy, Alibaba beat analysts’ estimates for the fourth quarter of the year. “Sales surged 32 percent to 34.5 billion yuan ($5.2 billion) in the three months ended December … compared with the 33.2 billion-yuan average of estimates compiled by Bloomberg,” Bloomberg Businessweek reports. “Net income more than doubled to 12.5 billion yuan.”

Read the whole story at Bloomberg Businessweek »

Next story loading loading..