Alibaba Group Holding Ltd increased revenue in the IV finkvartal by 2% and approved office "cloudy" businesses

Moscow. May 18. information agency "Interfaks" - the Chinese Internet giant of Alibaba Group Holding Ltd Ltd. recorded net profit in the IV financial quarter against a loss year before and increased revenue by 2%. As they say in the press release of companies, its net profit following the results of the quarter which has come to the end on March 31, made 23,52 billion yuans ($3,42 billion) in comparison with net loss in 16,24 billion yuans for the similar period year before. The profit counting on ADS made 9 yuans against a loss in 6,07 yuans a year ago. The profit without single factors grew to 10,71 yuans on ADS about 7,95 yuans, having exceeded the average forecast...