(Aug 28): Shares in e-commerce giant Alibaba Group Holding have surged since the company reported a strong set of financials on Aug 17. The company’s revenue increased 56% y-o-y in 1QFY2018 ended June 30 to US$7.4 billion ($10.1 billion), driven by growth in online sales. The stock has rallied 7.1% since then, closing at US$175.80 on Aug 23.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe