Alibaba Group Holding shares rose almost 5% in pre-market trading after the Chinese eCommerce giant reported better-than-expected earnings thanks to an increase in mobile users and paid cloud customers. The company also reiterated its guidance for revenue growth of 45% to 49% for the fiscal year.
Sales on the company's e-commerce platforms made up 86 per cent of revenue in the three months to June 30th, up from 73 per cent a year prior. He pointed to the fact that the company has more than 500 million mobile users, more than $500 billion gross merchandise volume, "industry-leading" earnings before interest, taxes, depreciation and amortization (Ebitda) margin, and a "rapidly growing" cloud business.
Alibaba earns revenue from e-commerce by offering paying merchants consumer insights and advertising options to better target and engage customers. It has also targeted new merchants in Russian Federation and the United States as part of a wider plan to boost revenues and attract new customers outside China. Analysts were looking for adjusted earnings of 93 cents, according to.
"If you don't have full integration then new retail remains a concept rather than reality".
In the cloud business, revenue grew by 96 per cent in the quarter to 2.4 billion yuan, with paying customers breaking the 1 million mark for the first time, up from 577,000 a year earlier.
Revenue from its worldwide e-commerce businesses chalked up 2.64 billion yuan (US$389 million) for the quarter, growing 136 percent year-on-year.
Alibaba had another blockbuster quarter of business as its profits nearly doubled.
The bulk of the Hangzhou-based company's revenue came from its core e-commerce business, including the online shopping platforms Taobao, Tmall, and its global business units like AliExpress and Lazada in Southeast Asia, where sales rose 58 per cent to 43 billion yuan from previous year.
Graham accused Trump of "dividing Americans, not healing them" and said he encouraged him to try to bring the nation together. US President Donald Trump is facing renewed backlash after new comments on the violence in Virginia .
That doesn't seem to be the case as Vision actor Paul Bettany has confirmed that he'll be appearing in Avengers 4 as well. Sean Gunn has nothing but nice things to say about working with the Russo brothers on Avengers: Infinity War .
A Democratic congressman has already announced plans to protest Trump's visit, calling the president a supporter of racists. Tickets to Trump's rally are available on a first-come, first-served basis and limited to two tickets per person.
On August 8, it was reported that an intercontinental ballistic missile of the DPRK can be equipped with a nuclear warhead. China's Global Times newspaper, a state-run tabloid, was scathing of South Korea's decision to proceed with the drills.
Prey tells the story of Morgan Yu , an employee of the TranStar Corporation who arrives on board the space station Talos One. Talos I has been overrun by an alien force, and you must stop the Typhon threat from destroying humanity.
Noel previously donated profits from the Oasis hit "Don't Look Back in Anger" to victims of the attack. The arena will host a benefit concert September 9 featuring musician Noel Gallagher, NPR reported .
A top Emirati official, commenting on today's breakthrough, called on Qatar to "end its politicization of hajj". The statement also called "for further measures to lift the siege entirely on citizens and residents of Qatar".
HEY HATERS: Instead of tweeting me and calling me "faggot" and "disgusting tranny" all day - try fighting for something important. Then , fans turned on her for defending Star , so she took to Snapchat again to revoke her defense and apologize .
Barry is a vastly experienced midfielder and at 36 he is still good enough to play at the highest level. He needs just five more to break ex-Manchester United winger Ryan Giggs' all-time record of 632.
US crude production has been closely watched by OPEC and other producers that have tried to stem a global supply glut. Gasoline stocks were unchanged, compared with analysts' expectations in a Reuters poll for a 1.1 million-bbl drop.
Kevin Plank asserts that "Under Armour engages in innovation and sports, not politics" and reiterates his decision to step down. They were among eight executives who quit Trump's manufacturing council this week.
Benitez, who has clashed with controversial owner Mike Ashley over Newcastle's close season transfer activity, said Joselu could sparkle.
Year Old Rape Victim Gives Birth to a Baby Girl
It is biologically possible for a girl to become pregnant as soon as she begins ovulating, though 10 years old is extremely young. Both the girl and her baby are in stable condition, according to Dasari Harish, one of the doctors caring for the girl.
ASUS launches camera-centric 'ZenFone Zoom S' at Rs 26999
The ZenFone 4 Selfie also comes with dual front cameras of 20 megapixels with f/2.0 aperture and 120-degree wide-angle lens. The Zenfone 4 Pro is powered by Qualcomm Snapdragon 835 SoC paired with 6GB of RAM and 128GB of internal storage .