Alibaba says annual net profit up 47% in 2017/2018
- Economy
- AFP
- Published Date: 12:00 | 04 May 2018
- Modified Date: 03:18 | 04 May 2018
Chinese e-commerce giant Friday announced a massive 47 percent leap in net profit for the fiscal year 2017/2018.
Profit climbed to 63.985 billion yuan ($10.2 billion), boosted by a 60 percent rise in revenue from its core commerce business, the online retailer said.
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