Tag Archives: continues

Alibaba revenues jump 60% as Chinese growth continues

Revenue at e-commerce giant Alibaba jumped 60% in the first three months of the year, powered by a growing customer base in China. More than 450 million Chinese shoppers used its sites during the quarter, with the average annual spending up by about a third, Alibaba said. The growth pushed revenues for the period to $5.6bn (£4.3bn). But… Read More »

Rupee good run continues, gains 4 paise against dollar

The rupee’s good run continued into the 8th straight session today as it firmed up by another 4 paise in early trade to 67.33 against the dollar after the US currency saw higher selling by exporters and banks amid foreign fund inflows. Forex dealers said the weakness in the greenback against other currencies overseas and a higher opening… Read More »