Alibaba (BABA) Tops Q3 EPS by 17c, Revenues Rise 54%
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Alibaba Group Announces December Quarter 2016 Results
January 24, 2017 6:30 AM ESTRevenue up 54% Year-over-year
HANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended December 31, 2016.
Our robust December quarter demonstrates the strength of the Chinese consumer and Alibabas ability to create value across our vast ecosystem, said Daniel Zhang, Chief Executive Officer of Alibaba Group. The 11.11 Shopping Festival featured Alibaba at its best, integrating commerce, entertainment and social engagement, all happening globally at record scale. We are driving the age of New Retail, which leverages big data and innovation to provide a... More
