Alibaba Group Holding 2Q Net Profit More Than Doubles, Ups Revenue Guidance

Alibaba splurges to impress China's store owners

Alibaba splurges to impress China's store owners

Looking ahead, the company increased its 2018 fiscal year revenue growth guidance.

The firm's shares - which have more than doubled in value this year - were up 3.1 pct in premarket trading and were set to open at a record high.

China e-commerce leader Alibaba (BABA) reported better-than-expected second-quarter results early Thursday, but shares were stagnant in afternoon trades. "Our consumer insights and technological innovation were the key drivers behind our customer value proposition across the Alibaba economy", said Daniel Zhang, CEO of Alibaba Group.

Warren says she agrees that 2016 Democratic primary was rigged for Clinton
Jeff Weaver, who served as Sanders' campaign manger, said Thursday Brazile's book "confirms what many understood to be the case". But the agreement was apparently signed in August 2015, nearly a year before Clinton clinched the nomination. "Hello, senator.

Alibaba announced Thursday that its net income rose 146 percent to more than 17.4 billion yuan (2.6 billion US dollars) year-on-year for the fiscal quarter ending September.

Adjusted net income was 22.09 billion yuan or $3.32 billion, compared to 12.95 billion yuan previous year.

Alibaba reported adjusted earnings of $1.29 cents per share, cruising past the consensus of $1.04, for its fiscal second quarter ended September 30.

How To Get An iPhone X On Launch Day
Most Australians buyers are expected to buy the premium iPhone X on a contract, however, which could prove more challenging. The company gave investors a guidance $84 billion to $87 billion in revenue for the current quarter.

Operating margin was 30 percent, higher than 27 percent a year ago. A lot of the growth came from spending on mobile devices, as active monthly mobile users topped 549 million.

"Revenue from our global commerce retail business reached RMB2,878m (US$433m) in the quarter ended September 30, 2017, representing a 115% year-on-year growth, driven by strong growth in our Southeast Asian platform Lazada and our China outbound platform AliExpress".

Alibaba has also raised its outlook for full-year revenue growth to a range of 49 percent to 53 percent, up from between 45 percent to 49 percent previously, due to the recent consolidation of its logistics network Cainiao. The increase was mainly driven by the robust revenue growth of China commerce retail business, global commerce retail business and Alibaba Cloud.

Playboy temporarily halts plans for a Brett Ratner-directed High Hefner biopic
None of the women ever reported the incidents to police. "I banged her a few times . but I forgot her", Ratner said . Actresses Natasha Henstridge and Olivia Munn were among Ratner's accusers.

Alibaba has invested heavily in its cloud platform, and the company said it plans to spend an additional $15 billion over the next three years on its research and development efforts and to further expand its product portfolio for cloud customers.

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