Alibaba 2Q18 revenues up, but profits down

Adam Hwang, DIGITIMES, Taipei Friday 24 August 2018 0

Alibaba Group has reported its second-quarter 2018 consolidated revenues reached CNY80.920 billion (US$12.229 billion), increasing 61.25% on year. But net operating profit decreased 54.25% to CNY8.020 billion, while net profit dived 40.85% to CNY8.685...

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