30 January 2015

Alibaba 40% Revenue Gain Misses Forecasts (video)

Alibaba Revenue Misses Estimates on Mobile Spending -Jan. 29- Alibaba sales missed estimates as founder Jack Ma spent more money to attract customers on mobile phones. Bloomberg’s Scarlet Fu reports on “In The Loop.”

Alibaba Profit Surges, but a Revenue Gain of 40% Still Misses Forecasts - NYTimes.com: "Just a day after a surprisingly blunt exchange with a Chinese regulator that unnerved investors, the e-commerce giant Alibaba Group on Thursday reported a 40 percent revenue increase in its final quarter of 2014, though the total was weaker than expected. The company counted brisk sales during the Singles’ Day e-commerce holiday in November in China, but it is facing an economic slowdown in the country and overall sales did not match the high expectations of analysts. Worsening matters for Alibaba, which raised $25 billion in an initial public offering last year, the run-in with China’s main corporate regulator over the sale of fake goods is prompting concerns from investors...."

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