Alibaba predicts a surge in revenue thanks to recent acquisitions
Bloomberg News
(Bloomberg)—Alibaba Group Holding Ltd. predicted a surprise acceleration of sales as the Chinese e-commerce giant unleashes spending to sustain growth in cloud computing, logistics and supermarkets. The company expects revenue to surge 60% in the year ending in March, boosted by its purchase of food delivery startup Ele.me and transport business Cainiao. Even without those […]