• AIA's First-Quarter New Business Growth Driven by China Insurance Market

    8 monthes ago - By A.M. Best

    AIA Group Ltd. posted a 20% rise in new business value to US$1.02 billion for the first quarter of 2018 ended March 31, according to the Hong Kong-listed life insurer's financial statement.
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  • Alibaba beats expectations in Q4, with revenue hitting almost $10bn

    8 monthes ago - By RT

    Chinese e-commerce giant Alibaba has reported better-than-projected earnings in the January-to-March quarter. Revenue climbed 61 percent to 61.9 billion yuan , boosted by steady sales in the firm's core businesses.
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  • Alibaba tops revenue forecasts as investments clip margins

    8 monthes ago - By Reuters

    BEIJING - Alibaba Group Holding Ltd reported better than expected top line results on Friday, driven by strong sales in its commerce and cloud computing units, even as margins were squeezed by flurry of investments.
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  • Alibaba Says Its Going to Grow Almost 50% Faster Than Wall Street Expected

    8 monthes ago - By Fortune

    Alibaba Group Holding is forecasting a better-than-expected 60% surge in revenue this year, counting on an international expansion and new businesses from cloud computing to supermarkets to sustain a sizzling pace of top-line growth.
    The e-commerce giant's outlook for the year ending March outstripped projections for growth of 42%, and came after it reported quarterly results that also beat estimates. Revenue rose 61% to 61.9 billion yuan in the three months ended March, compared with the 59 billion-yuan average estimate. Its shares rose more than 4% in pre-market trading in New York.
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  • Alibaba beats and says it expects sales to surge next year

    8 monthes ago - By Business Insider

    Alibaba beat on both the top and bottom lines.
    Revenue from its cloud-computing unit spiked 103% versus a year ago.
    Watch Alibaba trade in real time here .
    Alibaba on Friday reported fiscal-fourth-quarter earnings that were better than analysts had expected.
    China's largest e-commerce company reported adjusted earnings per share of 5.73 yuan, topping the forecast for 5.50 yuan according to Bloomberg.
    Revenue surged 61% versus a year ago to 61.93 billion yuan, more than the expectation for 58.96 billion yuan. The company's cloud-computing unit saw huge growth as revenue spiked 103%...
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  • Alibaba beats forecasts with 61% growth and predicts more of the same for the next year

    8 monthes ago - By Tech Crunch

    Alibaba is forecasting yet more growth for its business after it beat analyst forecasts with its fourth-quarter results .
    Revenue came in at 61.9 billion RMB , an increase of 61 percent year-over-year, which topped a 59.6 billion RMB prediction from analysts polled by S&P Global Market Intelligence. The company's net income for the quarter did drop, however, to 6.6 billion RMB from 9.9 billion RMB one year previous on account of increased investment activity.
    Alibaba earned 24.51 RMB per share for its full fiscal year 2018, with total revenue of 250.3 billion RMB and 58 percent annual...
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  • Alibaba beats sales forecasts on strong commerce growth

    8 monthes ago - By Reuters

    BEIJING - Alibaba Group Holding Ltd , China's biggest e-commerce firm, reported a 61 percent increase in fourth-quarter revenue, beating analyst estimates, driven by stronger than expected growth in its core commerce business.
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  • Alibaba quarterly revenue rises 61 percent

    8 monthes ago - By Reuters

    China's Alibaba Group Holding Ltd reported a better-than-expected 61 percent rise in fourth-quarter revenue on Friday, driven by steady sales in its core ecommerce and cloud computing businesses. Revenue was 61.9 billion yuan in the reported quarter, compared with the average analyst estimate of 58.9 billion yuan, according to Thomson Reuters I/B/E/S. Net income attributable to shareholders, however, fell 29 percent to 7.56 billion yuan.
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