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