Scalper1 News
Alibaba Group stock jumped 7.5% Thursday after China’s e-commerce leader reported quarterly earnings that alleviated worries about the company, which is fighting battles on multiple fronts. Alibaba (BABA) said that it processed $97 billion in gross merchandise volume, up 40% from the year-earlier quarter. Its platforms, including Taobao and Tmall, handle about 80% of China’s e-commerce. Overall, Alibaba reported revenue of $2.81 billion, up 45% Scalper1 News
Scalper1 News