Revenue for China’s Alibaba surges 56% for the year on e‑commerce gains
Staff and Bloomberg report
(Bloomberg)—Alibaba Group Holding Ltd.’s fiscal 2017 revenue increased 56.5% year over year to 158.27 billion yuan (US$29.99 billion) from 101.14 billion yuan in fiscal 2016. Revenue from its core commerce business, which comes primarily from its Chinese online marketplaces Taobao and Tmall but also international shopping portals Alibaba.com and AliExpress, jumped 45.0% for the year […]