Another blockbuster quarter for Alibaba as revenue surges 61%

Alibaba’s stellar financial performance continues unabated after the Chinese e-commerce giant again beat analyst expectations thanks to impressive growth in its core business at home. The firm reported total revenue of RMB 55.1 billion ($8.3 billion), beating expectations of RMB 52.2 billion according to a Reuters poll with 61 percent growth…

via Another blockbuster quarter for Alibaba as revenue surges 61% — TechCrunch