Wall Street welcomes Alibaba results
New York (AFP) Nov 04, 2014 - Chinese online commerce giant Alibaba met Wall Street expectations Tuesday in its first quarterly report after completing the world's biggest stock offering, propelling its stock to record territory. Alibaba said its adjusted third quarter net profit rose by 15 percent to $1.1 billion. But using standard accounting practices that include depreciation and one-time costs, profits fell 39 perce ... more
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