Scalper1 News
Rising competition and shifting business models amid a slowing China economy resulted in weaker-than-expected earnings from Internet giants Alibaba Group and Tencent Holdings. For its fiscal Q1 ended June 30, Alibaba (BABA), China’s No. 1 provider of e-commerce platforms, early Wednesday said revenue rose 28% in local currency to $3.27 billion, or 20.24 billion yuan, missing views of $3.39 billion. It was Alibaba’s slowest growth Scalper1 News
Scalper1 News