Alibaba raises revenue forecast on strong e-commerce sales
Alibaba Group has reported a 54 percent year-on-year revenue growth to US$7.67 billion for the quarter, ended December 31, fuelled by record sales from China’s Singles Day online shopping festival. The Chinese e-commerce operator said revenue from its core commerce business, which included its Taobao and Tmall online platforms, climbed 45 percent to US$6.71 billion (46.58 billion yuan). It pointed to record sales from the November 11 […]