The Alibaba Group Holding headquarters in Hangzhou. The company’s stock price plunged by about 6 per cent to close at US$192.22 on the NYSE following its earnings results. Photo: Bloomberg
The Alibaba Group Holding headquarters in Hangzhou. The company’s stock price plunged by about 6 per cent to close at US$192.22 on the NYSE following its earnings results. Photo: Bloomberg
Alibaba

Squeezed margins, ‘new retail’ and possible Ant Financial IPO – five takeaways from Alibaba’s Q3 earnings

Logistics, new retail and digital entertainment businesses “highly strategic” to company’s future growth, says chief financial officer

The Alibaba Group Holding headquarters in Hangzhou. The company’s stock price plunged by about 6 per cent to close at US$192.22 on the NYSE following its earnings results. Photo: Bloomberg
The Alibaba Group Holding headquarters in Hangzhou. The company’s stock price plunged by about 6 per cent to close at US$192.22 on the NYSE following its earnings results. Photo: Bloomberg
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