Wednesday, February 27, 2019

Flipkart FY18 revenue up 50%, but losses grow 5x

The financials are the last results of Flipkart Group as an independent company, and since then US-based retail giant Walmart acquired 77% stake for $16 billion in August 2018. https://ift.tt/2TmClxk https://ift.tt/eA8V8J

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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...