China’s Alibaba reports a 54% increase in revenue in Q3
Don Davis
Alibaba Group Holding Ltd. reported a 54% year-over-year increase in revenue in its fiscal third quarter ended Dec. 31 as China’s mostly mobile shoppers continued to flock to its giant online marketplaces, Taobao and Tmall. A highlight of the quarter was the $17.4 billion worth of purchases on Alibaba’s shopping portals on Nov. 11, the […]