Friday, March 20, 2009

Alibaba plunges 8.7 pct on weak Q4 earnings - Yahoo! Singapore News

HONG KONG, March 20 - China's top e-commerce firm Alibaba <1688.HK> slid 8.7 percent after reporting a forecast-lagging 57 percent drop in its fourth quarter profit, as margins were squeezed by rising marketing costs aimed at countering the drop in global trade.
Alibaba plunges 8.7 pct on weak Q4 earnings - Yahoo! Singapore News

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