Alibaba’s December Quarter Revenue Falls Below Expectations As It Continues To Invest In Mobile
January 29, 2015 at 08:29 AM EST
Alibaba Group’s chief financial officer said during its earnings call today that the e-commerce giant’s focus on mobile will result in some “near-term growing pains” but ensure profitability in the future. The company’s revenue for the quarter ending in December rose 40 percent to $4.22 billion, but still missed the $4.45 billion analysts polled by Thomson Reuters… Read More