Alibaba Writes Down $1.2 Billion on Youku, Loss-Making Streamer, as Group Profits Plunge
Chinese e-commerce and entertainment giant Alibaba has taken a $ 1.2 billion goodwill impairment charge against its video-streaming operation Youku.
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Chinese e-commerce and entertainment giant Alibaba has taken a $ 1.2 billion goodwill impairment charge against its video-streaming operation Youku.
Read MoreThe famous bootmaker says its business has been hit by weak trade in the US. BBC News – Business
Read MoreFirst, the bad news. A session helping to launch an extended MipJunior on Friday afternoon, underscored just how hard the
Read MoreThe bank’s shares plunged 23% in early trading, after several newspapers reported it needed to raise £600m. BBC News –
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