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Alibaba grows quarterly revenues 61%, EBITDA growth slows on investment costs

2018-08-23 13:28:00| Telecompaper Headlines

(Telecompaper) Alibaba Group reported another quarter of strong revenue growth, while profits were under pressure from investments and acquisitions. Revenues rose 61 percent year-on-year in the three months to June to CNY 80.92 billion (USD 12.23 billion). Adjusted EBITDA was up a slower 17 percent to CNY 29.36 billion, leading to a sharp fall in the margin to 36 percent. 

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