StatsOnWeb

Alibaba Profits Trimmed in First Quarter Following Regulatory Crackdown

Chinese e-commerce giant Alibaba should be well positioned to take advantage of the early recovery of China’s economy. But its results for the three months to June, published on Tuesday, did not show the full extent of that potential. Net income attributable to shareholders was down by 5% at $ 6.99 billion using U.S. accounting metrics. […]

Variety