Alibaba (BABA) Tops Q3 EPS by 39c, Revenues Beat
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Alibaba Group Announces December Quarter 2019 Results
February 13, 2020 6:45 AM ESTHANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, Alibaba or Alibaba Group) today announced its financial results for the quarter ended December 31, 2019.
Alibaba Group experienced robust growth across our business this past quarter, said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. Our digital economy reached new heights with another record 11.11 Global Shopping Festival for our merchants and partners. Continued investment in user engagement, especially through social commerce content, contributed to our strong gains in annual active consumers. As a result of its rapid growth, our cloud computing services for the first time generated... More
