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Alibaba Group Announces March Quarter 2017 and Full Fiscal Year 2017 Results

May 18, 2017 6:59 AM EDT

Board authorizes US$6 billion stock repurchase plan

HANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended March 31, 2017 and the fiscal year then ended.

Alibaba Group had another outstanding quarter and fiscal year, demonstrating our ability to successfully engage and monetize the half a billion consumers across our platforms, said Daniel Zhang, Chief Executive Officer of Alibaba Group. Our core commerce segment continued its significant growth and strong cash flow at large scale, enabling our aggressive investment in cloud computing,... More