Alibaba's (BABA) Price Target Boosted to $110 at Deutsche Bank
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Alibaba Group Announces March Quarter 2016 and Full Fiscal Year 2016 Results
May 5, 2016 6:56 AM EDTHANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended March 31, 2016 and the fiscal year then ended (fiscal year 2016).
Alibaba Group finished the fiscal year on a very strong note. In March we surpassed RMB3 trillion in annual GMV and our revenue for the year was over RMB100 billion. We achieved strong growth in mobile users, active buyers and transactions, said Daniel Zhang, Chief Executive Officer of Alibaba Group. Our focus on long-term strategic priorities globalization, rural expansion, building a world-class cloud computing business and... More
