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Alibaba's e-commerce engine powers acquisition spree
The Hindu Alibaba's e-commerce engine is powering its buying spree. The Chinese web giant's revenue jumped 61% to 61.9 billion yuan ($9.87 billion) in the fourth quarter, beating expectations. Investments abroad and in bricks-and-mortar retailers dragged down ... Alibaba Expects Faster Revenue Growth on Commerce, Cloud Businesses Alibaba Q4 revenue grew 61% on top of strong e-commerce & cloud computing sales Alibaba sees 2019 revenue growth above 60 per cent as it pushes beyond e-commerce, wins new markets |
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