Alibaba Mobilizing As Buying Shifts Amid Margin Pressure
Alibaba Group’s (BABA) profit margins are slipping as it spends to adapt its e-commerce platform to mobile apps, but investments should pay off as Goldman Sachs forecasts mobile revenue to overtake nonmobile revenue in 2017. China’s e-commerce leader last week reported fiscal Q4 revenue growth of 45% and said that it had processed $97 billion in gross merchandise volume (GMV), up 40% from the year-earlier quarter. Its platforms, including Taobao