Alibaba has reported a total revenue growth of 54% YoY during its 2Q18 results, earning ¥85.1 billion ($17.18 billion), and falling short of street expectations of ¥86.51 billion ($17.45 billion). The group dropped its forecast revenue guidance for FY19 by 4-6% to between ¥375 billion and ¥383 billion ($75.7 billion and $77.3 billion). As it stands, Alibaba expects revenue to grow year-on-year by approximately 54-56%. Source: Inside Retail.
Posted in Industry News
Subscribe to our free mailing list and always be the first to receive the latest news and updates.