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November 5, 2014

Alibaba's results show Amazon-style strategy

  • Both e-commerce giants are investing profit back into their companies to spur long-term growth, but they operate differently.
    • By MAE ANDERSON
    AP Technology Writer

    NEW YORK — Alibaba's financial results in its first quarter as a publicly traded company highlight its strategy of plowing its profit back into investments, particularly in mobile commerce and marketing.

    The Chinese e-commerce powerhouse said net income fell 39 percent in the July-September period despite a 54 percent surge in revenue on strong user demand.


     
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