Shipping back goods returned by customers another worry
The quarterly revenue figure beat analysts' average estimates of a 33% rise, according to forecasts compiled by Bloomberg News
The e-commerce giant completed its $266 mn purchase of the english daily, which was announced in December
China's tech giants set for costly food fight
The company will pay $500 million for new shares in the closely held company and also purchase stock from existing investors
It signed an agreement with social networking firm YuuZoo to run the firm's e-sports events in China, including sport games, offering $5.5 million in prize money
WalMart posted net sales of $478.6 billion for its fiscal year ending Jan 31, while Alibaba amounted to $463.3 billion
Its president, Michael Evens said they plan to serve both customers, consumers and of course small businesses
In order to be eligible, they must have worked at the company for at least three years
According to Reuters, the e-commerce giant has been expanding in the field such as online video.
The money will be spent to buy stakes in companies in China and overseas, as the company expands beyond its core e-commerce business
Health woes show limits of Alibaba's Midas touch