• SENSEX
    NIFTY 50
Earnings

Alibaba stock rallies on handsome profit beat, optimistic commentary

Updated : January 31, 2019 08:46 AM IST

While quarterly revenue grew at its weakest pace since 2016 and modestly missed estimates, gross merchandise volume (GMV) - a key metric - grew at a solid 29 percent and the company's budding cloud business continued to show promise.
Tech investors have fretted over the impact of a slowing Chinese economy and a crippling Sino-US trade war, which have been blamed for weak results at a slew companies including Apple Inc and chipmakers.
Alibaba stock rallies on handsome profit beat, optimistic commentary

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