Alibaba’s Profit Slumps on Impairments; Hikes Buyback Plan
Wall Street Journal
Alibaba Group Holding posted lackluster sales growth and a plunge in profit in the October-December quarter, citing changes in equity investments and impairments linked to Sun Art and Youku, but increased its share repurchase program.
https://www.wsj.com/articles/alibabas-profit-slumps-on-impairments-hikes-buyback-plan-af71aff8