Advertisement
Singapore markets closed

  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     

  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • Bitcoin USD

    60,857.67
    -1,534.18 (-2.46%)
     

  • CMC Crypto 200

    1,265.55
    -92.46 (-6.81%)
     

  • S&P 500

    5,216.16
    +2.08 (+0.04%)
     

  • Dow

    39,481.90
    +94.14 (+0.24%)
     

  • Nasdaq

    16,315.37
    -30.89 (-0.19%)
     

  • Gold

    2,371.00
    +30.70 (+1.31%)
     

  • Crude Oil

    78.50
    -0.76 (-0.96%)
     

  • 10-Yr Bond

    4.5060
    +0.0570 (+1.28%)
     

  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     

  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     

  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

Alibaba says expects revenue growth of 48 percent in fiscal year 2017

Reuters

HONG KONG (Reuters) - Chinese e-commerce firm Alibaba Group Holding Ltd said on Tuesday it expects revenue growth of 48 percent in 2017, after earlier saying it expects to nearly double transactions volume to more than $900 billion by 2020.

Earlier on Tuesday, Executive Chairman Jack Ma said at

an investor conference at Alibaba's headquarters in Hangzhou, Zhejiang province, the company expects to have 2 billion consumers on its books by 2036, up from 423 million active buyers in 2016.

(Reporting by Yimou Lee; Writing by Anne Marie Roantree; Editing by Jacqueline Wong)