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Alibaba Increases Forecast for Sales Following Strong Results

Alibaba Increases Forecast for Sales Following Strong Results

Alibaba Group Holdings raised its overall outlook for revenue growth for the full year after posting sales that beat Wall Street estimates boosted by advertisers who invested more to lure in shoppers. The biggest e-commerce business... 
Alibaba Grabs Control of Business Under U.S. Investigation

Alibaba Grabs Control of Business Under U.S. Investigation

Alibaba Group Holding will acquire control of Cainiao a delivery business that is unprofitable for 5.3 billion yuan or $800 million. It will spend billions more to expand its shipping network across the largest online market. The largest...