Alibaba (BABA) Tops Q2 EPS by 10c

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Alibaba Group Announces September Quarter 2016 Results

November 2, 2016 6:57 AM EDT

HANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended September 30, 2016.

Alibaba Group had a great quarter. Our results reflect our increasing ability to monetize our 450 million mobile users through new and innovative social commerce experiences, said Daniel Zhang, Chief Executive Officer of Alibaba Group. Beyond the strong performance of our core commerce business, we are pleased with the continued rapid growth of our cloud computing business. We also see huge potential in our newly integrated digital media and entertainment unit. By combining engaging online... More