Posted inTechnology

Alibaba Profit Down, Invests in Mobile, Marketing

MAE ANDERSON, AP Technology Writer NEW YORK (AP) โ€” Alibabaโ€™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 […]

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