Wedbush Raises Price Target on Alibaba (BABA) to $90 Following 1Q
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Alibaba Group Announces June Quarter 2016 Results
August 11, 2016 6:55 AM EDTHANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended June 30, 2016.
Alibaba Group had an outstanding quarter. Our results show the scale and leverage of our ecosystem, as we strengthen our competitive positions in core commerce, cloud computing and digital media and entertainment, said Daniel Zhang, Chief Executive Officer of Alibaba Group. The acceleration of our revenue growth reflects the deep value propositions that we bring to our customers. We are changing the way our 434 million active buyers engage with our platform, as we introduce... More
