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January 24, 2017 12:13 pm GMT

Alibaba smashes estimates as revenue jumps 54% to $7.67 billion

shutterstock alibabaAlibaba has smashed analyst estimates with its latest financials. The Chinese e-commerce giant reported (PDF) net income ofRMB 17.12 billion ($2.47billion) with totalrevenue ofRMB 53.25 million ($7.67billion) for its Q3 2016, the latter was a54 percent year-on-year jump. Earning per share came in at RMB 6.94 ($1.00). This was a big win for Alibaba.Analysts predicted net income… Read More

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