Press "Enter" to skip to content

Alibaba earnings beat forecast, warns revenue to take hit from coronavirus outbreak


Alibaba Group sees its earnings in the third quarter beat analyst estimates and brought in record transactions for its annual Singles’ Day shopping event. But it warned its earnings in the next couple of quarters are certainly likely to take a hit from the coronavirus outbreak.

Its total revenue rose about 38 per cent to 161.46 billion yuan in the quarter ended December 31, beating estimates of 159.28 billion yuan. Net income attributable to ordinary . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting with details, data and perspectives you don't read elsewhere
  • THE WIRE - a real-time financial news platform focused on China
  • Daily Brief newsletter to get you prepared for every trading day
  • An indispensable and reliable source of information on China's economy and financial markets

FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.


Already have an account? Sign In