Alibaba shares jump on better-than-expected 2Q
NEW YORK (AP) — Chinese e-commerce powerhouse Alibaba's second-quarter net income topped expectations as revenue surged on mobile growth. Joe Tsai, the executive vice chairman of Alibaba, said he doesn't think the current macroeconomic environment will affect consumption patterns, pointing out that the individual Chinese consumer is "very liquid" with a high savings rate. Heavily promoting the mobile app for its Taobao marketplace helped the strong mobile performance, he said, including a surge... Читать дальше...