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Alibaba's Net Income Up 15 Percent, Revenue Up 54 Percent


Ron Burgundy
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logo of Alibaba Group Holding is seen on the facade of the New York Stock ExchangeBy Paul Carsten BEIJING (Reuters) - Alibaba Group Holding Ltd reported quarterly results which showed net income rising 15.5 percent to $1.11 billion for the July-September period, meeting forecasts. It was the Chinese e-commerce giant's first report to investors since its record-setting $25 billion listing in September. The non-GAAP net income - which excludes the share-based compensation expenses and amortisation of intangible assets - compared with a consensus estimate of $1.17 billion based on a Thomson Reuters SmartEstimate poll of 21 analysts. Revenue rose 53.7 percent to $2. ...




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