A woman walks past the offices of Chinese e-commerce firm Alibaba in Beijing. Photo: AP Photo
A woman walks past the offices of Chinese e-commerce firm Alibaba in Beijing. Photo: AP Photo
Alibaba

Alibaba posts surprise loss from stock markdowns even as third-quarter sales, operating profit rise

  • Alibaba’s operating profit rose by a better-than-expected 68 per cent, underscoring how cost cuts resulted in leaner operations across all its business units
  • The company approved a US$15 billion share buyback plan, adding to the US$25 billion programme through 2025

A woman walks past the offices of Chinese e-commerce firm Alibaba in Beijing. Photo: AP Photo
A woman walks past the offices of Chinese e-commerce firm Alibaba in Beijing. Photo: AP Photo
READ FULL ARTICLE