Alibaba (BABA) Tops Q3 EPS by 34c, Lowers Guidance
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Alibaba Group Announces September Quarter 2018 Results
November 2, 2018 7:02 AM EDTHANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended September 30, 2018.
Alibaba had another strong quarter of rapid growth. In particular, annual active consumers increased by 25 million to reach 601 million in the 12 months ended September 30, 2018, said Daniel Zhang, Chief Executive Officer of Alibaba Group. We generated synergies across our businesses, demonstrating the power of the Alibaba digital economy, which will be further showcased during our upcoming 11.11 Global Shopping Festival. Under our New Retail strategy, we are realizing our vision to enable renewed growth for traditional retailers... More
