Alibaba's quarterly profit jumped 35 percent to 24.07 billion yuan (US$3.7 billion) as the company tapped booming e-commerce sales and other initiatives.
The e-commerce giant said today that it has also agreed to buy newly-issued equity from its financial affiliate Ant Financial to hold a 33 percent stake in the latter.
E-commerce income jumped 57 percent to US$11.3 billion in the three months ended December last year and total year-on-year revenue growth surged 56 percent to US$12.8 billion T.J. Yeldon Black Jersey , Alibaba said.
Gross merchandise volume of physical goods sold on the business-to-consumer site Tmall jumped 43 percent from a year ago, as major consumer goods, electronics and luxury brands have established flagship stores on the site.
Alibaba is also increasing its 2018 fiscal year revenue guidance to 55-56 percent, up from its previous estimate of 53 percent annual increase.
“Our core business generated significant cash flow of US$7.1 billion during the quarter Logan Cooke Black Jersey , enabling us to invest in new retail, cloud computing, digital entertainment and globalization,” said Chief Financial Officer Maggie Wu.
Alibaba has also been expanding to offline retail in a bid to synergize business to combat rival Tencent Corp. Alibaba and an affiliate invested in a 36 percent stake in Sun Art Group Ltd in November to accelerate expansion of its new retail initiative nationwide.
Income related to its new retail initiatives jumped over six times thanks to business synergy through various partners.
The number of monthly mobile active users of its consumer retail services grew by 31 million from three months ago to 580 million by the end of 2017.
Cloud computing revenue surged 104 percent from a year ago to US$553 million as it furthers artificial intelligence initiative to help enterprise clients raise operational efficiency and adopt data technologies.
BEIJING Tanner Lee Black Jersey , Feb. 1 (Xinhua) -- Yi Jianlian finished with 26 points, leading Guangdong past Beijing 109-96 in the 34th round games of the 2017-18 Chinese Basketball Association (CBA) league on Thursday.
The loss ensures the Beijing Ducks are stuck with a three-game losing streak on the road.
Beijing, the former league winner was dying for a win, as it has lost two out of three games on the road trip and dropped to eighth on the standings after losing to Guangzhou on Tuesday. Randolph Morris' refusal to play after Aaron Jackson's injury layoff just added to their predicament.
Against Guangdong Will Richardson Black Jersey , Beijing played aggressively in the first half as Zhai Xiaochuan put up 21 points including five three-pointers, yet the visitors never got to build a big lead and trailed by one point before the interval.
Fang Shuo hit a fade-away shot against Yi Jianlian in the third quarter, which turned out to be the visitors' last highlight. Guangdong had a double-digit lead in the fourth quarter and closed out the game comfortably.
Xinjiang's victory over Shanxi would be anything but a relief for Beijing. Beating Shanxi 120-108, the defending champion managed to escape from the bottom four of the playoff picture. Guangzhou Ronnie Harrison Black Jersey , the 10th seed within the playoff hunt, lost to Fujian 125-132, which was good news for Shanghai, who trounced Tongxi 118-105 for a record of 18 wins against 16 losses.
Elsewhere A. J. Cann Black Jersey , Aolong edged Sichuan 116-113. Shavlik Randolph contributed a season-high 52 points, theoretically helping his team stay in the playoff hunt. Shandong cruised to a 127-103 win over Jiangsu to stand ahead of their opponents in the standings by having one game in hand.
RIO DE JANEIRO, July 1 (Xinhua) -- Nigel de Jong will be out for two to four weeks and will miss the remainder of the World Cup, the Dutch football association KNVB announced on Tuesday.
An MRI scan in the hospital confirmed that De Jong suffered a tear in his groin muscle. He will stay with the Dutch team in Brazil to work on his recovery.
De Jong limped off after nine minutes against Mexico (2-1) on Sunday in Fortaleza and was substituted by Bruno Martins Indi. A first medical examination already showed that the injury was serious.
The absence of De Jong is a major blow for the Dutch team. He was of crucial importance in the three group phase matches as defensive block on the midfield.
The Netherlands will now face Costa Rica on Saturday in the quarter-finals without him.
The US Senate on Thursday (Sep 28) confirmed businessman Dante Fowler Jr Black Jersey , veteran diplomat and former presidential candidate Jon Huntsman as ambassador to Russia, filling a crucial post as a probe of Moscow's influence on the American election widens.
The 57-year-old Huntsman, who served as governor of Utah, has worked in numerous US administrations Yannick Ngakoue Black Jersey , notably as ambassador to China under Democrat Barack Obama, before running unsuccessfully for president as a Republican in 2012.
Former Utah Gov. Jon Huntsman testifies before the Senate Foreign Relations Committee on Sept. 19.
Huntsman, who was confirmed by voice vote, said during his confirmation hearing that there is "no question" Russia interfered in the US presidential race and that Moscow continues to "threaten stability" in Europe.
" A woman stands in the rain in Chongqing on Valentine's Day on February 14 Myles Jack Black Jersey , 2014. Photo: CFP A man rests in his room in a community for single people in Guangzhou, Guangdong Province. Photo: CFP Graphics: GT Graphics: GT Graphics: GT