Alibaba’s revenue growth accelerates to 59% in its latest quarter
Frank Tong
Chinese e-commerce titan Alibaba Group Holding Ltd. reported its revenue for the three months ended June 30 increased 59% over the same period last year, the fastest growth rate since Alibaba’s record-breaking IPO in September 2014. The value of goods sold on Alibaba’s marketplaces, often referred to as gross merchandise value (GMV), grew 24% to […]