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Alibaba Group's Jan-March net profit soars: SEC filing
Aug 10th, 2012
SHANGHAI (Reuters) - Alibaba Group, China's largest e-commerce company, posted a 64.2 percent rise in revenue in the January-March quarter and its net profit jumped more than sixfold to $220.5 million, according to a U.S. Securities and Exchange Commission filing. The filing from Yahoo Inc, which owns 40 percent of Alibaba, is the first to show how strongly one of China's most closely followed Internet companies performed during the period. Privately-owned Alibaba is not required to publicly disclose financial statements. ... (Source: Reuters) -
By Denny Thomas HONG KONG (Reuters) - The most anticipated IPO since Facebook has attracted lawyers, bankers and potential investors, showering China's Alibaba with attention ahead of a stock offering that some say could exceed $15 billion. And in what has become standard practice for large Chinese transactions, Wall Street CEOs have dropped-b... [Full Article]
CAIRO (AP) - An Egyptian court on Tuesday convicted 43 nonprofit workers, including at least 16 Americans, of illegally using foreign funds to foment unrest in the country, sentencing them to up to five years in jail. (Source: Associated Press)... [Full Article]
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