Alibaba Group Holding Ltd

Alibaba’s Revenue Jumps Despite China Slowdown, net income increased 37% in the just-ended quarter

Alibaba’s fiscal third quarter revenue was 117.28 billion yuan ($17.5 billion), compared with 83.03 billion yuan the same period a year before, the company reported Wednesday. Its quarterly net income increased 37% to 33.05 billion yuan, above the 21.430 billion yuan that analysts had expected.