Shares of Chinese group Alibaba were on fire in Thursday trading, after the company released its fiscal second quarter financial report and raised its outlook. The stock surged as much as 3.1% in pre market trading after the e-commerce company reported revenue of $55.12 billion yuan (or $8.34 billion). This beat the $55.2 billion yuan … Continue reading “Alibaba Soars on an “Outstanding Quarter””
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Alibaba Shares Soar After Beating Estimates in its Q1 Report
China's top e-commerce firm Alibaba just reported its first-quarter results and revenue was a huge…
August 17, 2017