China’s Alibaba Manages 5% Revenue Advance as Profits Are Lifted by Investment Gains

Alibaba Group, China’s e-commerce, entertainment and tech giant, reported a 5% increase in revenues to RMB237 billion ($33.7 billion) in the three months to September. It reported a 63% increase in net profits to RMB43.7 billion ($6.25 billion), but said that the bottom line surge was primarily attributable to the mark-to-market changes from equity investments, […]