Welcome to WebmasterWorld Guest from 220.127.116.11
Forum Moderators: bill
China's Alibaba Group Holding Ltd posted a 171.1 percent jump in net profit in the fourth quarter as its revenue rose 84 percent, according to a regulatory filing by major shareholder Yahoo Inc.
For the quarter ending December 2012, net income attributable to Alibaba Group was $642.2 million while its revenue for the period was $1.84 billion, the filing said.
Yahoo, which owns about 24 percent of Alibaba, reported the privately held online shopping giant's results as part of a document filed to the U.S. Securities and Exchange Commission.Alibaba's 4Q Profit Up 171 pct [uk.reuters.com]