Chinese e-commerce giant Alibaba saw net income more than double as the company leveraged its huge trove of consumer data to drive spending and attract more online advertising.
Chinese e-commerce giant Alibaba Group Holding Ltd. saw net income more than double in a blockbuster second quarter that beat forecasts, as the company leveraged its huge trove of consumer data to drive spending and attract more online advertising.
The Hangzhou-based company, whose Taobao and Tmall websites are China’s most popular e-commerce sites, said that revenue for the quarter ending Sept.
