Alibaba Said to Boost Revenue to More Than $1.8 Billion
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Alibaba Group Holding Ltd., China’s biggest e-commerce company, boosted half-year revenue at least 60 percent to more than $1.8 billion, as growth of its websites improved profitability, a person familiar with the matter said.
Earnings before interest, tax, depreciation and amortization as a percentage of revenue widened to 40 percent in the six months ended June 30, compared with 35 percent a year earlier, according to the person, who asked not to be identified because the information is private. The Internet company is part-owned by Yahoo! Inc. and Softbank Corp.