On January 30, 2019, Alibaba announced its third quarter earnings report. The net income reached $4.50 billion, up 33% from a year ago. Although the pace of growth was slower than expected, the robust increase in annual active consumers (636 million active consumers per year and 699 monthly active mobile users) mark the company’s dominance in the Chinese market and its potential for profitability. Alibaba’s shares rose 6.34% at the end of the month following this report.Let’s take a look at how the report reflects Alibaba’s effort to drive new growth from new areas and its strategies behind th...
You are reading the preview, sign up to read the whole article.Sign Up
Please Login to add comments.