About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Wednesday, June 15, 2016

Alibaba Sees Sales Growth Accelerating

Alibaba Group predicted its sales will rise at least 48% in the year ending March 2017 as it pushes into new markets and businesses beyond e-commerce, according to a report by Bloomberg.

Stripping out the impact of the recent acquisitions of e-commerce group Lazada and streaming video service Youku Tudou, sales are on course to rise more than 36% in this fiscal year, CFO Maggie Wu told investors. That is up from 33% growth the previous year. source: Bloomberg article

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