Alibaba just reported its first quarterly earnings since going public, and shares of the company are rallying to new highs. The $250 billion Chinese e-commerce giant reported earnings per share of $0.45 on revenue of $2.74
When Alibaba raised $25 billion in its blockbuster I.P.O. in September, U.S.-based e-commerce companies were curious to know when the Chinese giant planned to begin spending that money to compete against them. The answer is that no one really knows:
Singles Day ReutersEmployees sort packages at a hub of Shentong (STO) Express delivery company in Jiujiang, Jiangxi province, November 11, 2014. Alibaba pulled in a record-breaking $9.3 billion in sales on Singles' Day,
Every year Alibaba makes November 11 a huge event on the retail calendar by holding the world's largest 24-hour online sale. The event takes place on the Chinese “Singles' Day” (the 11/11 date was chosen specifically because the 1s represent the
Every year Alibaba makes November 11 a huge event on the retail calendar by holding the world's largest 24-hour online sale. The event takes place on the Chinese “Singles' Day” (the 11/11 date was chosen specifically because the 1s represent the