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Tag: alibaba
China's Hundsun shares surge as Alibaba expands financial services holdings
2014-11-26 13:23:10| IT Services - Topix.net
Shares in Chinese financial software firm Hundsun Technologies Inc surged 8.5 percent on Wednesday after an affiliate of e-commerce giant Alibaba Group Holding Ltd agreed to jointly invest in a Hundsun unit that provides financial data services.
Tags: services
financial
shares
financial services
China's Alibaba eyes first bond sale
2014-11-14 05:43:33| BBC News | Business | UK Edition
Chinese e-commerce giant Alibaba to meet with investors next week as it considers issuing its first bond sale after a record public listing.
Alibaba hits $2bn 'Singles' Day' sales
2014-11-11 02:19:36| BBC News | Business | UK Edition
China's online retail giant Alibaba has sold $2bn (1.2bn) in goods in the first hour of China's annual "Singles' Day" shopping event.
Alibaba Misses Profit Forecast Despite 54 Percent Sales Increase
2014-11-04 16:08:57| IT Services - Topix.net
The profit miss was due to share-based compensation expenses and an increase in amortization of intangible assets, the company said. Net income attributable to shareholders fell 38.6 percent year on year to $494 million in its second quarter to Sept.
Tags: sales
increase
percent
profit
Alibaba Q3 revenues jump 54% on mobile expansion
2014-11-04 14:26:00| Telecompaper Headlines
(Telecompaper) Alibaba Group reported third-quarter revenues up 53.7 percent year-on-year to CNY 16.83 billion (USD 2.74 billion). The Chinese e-commerce group reported gross merchandise value and active users up around 10 percent, to respectively CNY 555.67 billion and 202 million. Mobile also showed a growing contribution to results, accounting for CNY 3.72 billion in revenue and 35.8 percent of merchandise value, more than double the year-earlier figures. The number of monthly mobile users rose 15.4 percent compared to Q2 to 217 million. The company's adjusted EBITDA rose 30.6 percent year-on-year to CNY 8.49 billion. Net profit fell 38.6 percent to CNY 3.03 billion, due to an increase in stock option costs after its IPO and higher taxes, as well as costs for the acquisitions UCWeb and AutoNavi and investments in the cloud computing platform. Adjusted EPS rose 9.4 percent to CNY 2.79. Alibaba spent CNY 1.703 billion in the quarter on capital equipment, while free cash flow rose 33.7 percent to CNY 8.94 billion. It finished September with total cash of CNY 109.91 billion.
Tags: mobile
jump
expansion
revenues
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