, Columnist
Alibaba's Financial Superstar is Shining Once More
A large rebound in profit share from Ant Financial augurs well for the future of this affiliate.
An industrious friend.
Photographer: -/AFPThis article is for subscribers only.
Alibaba Group Holding Ltd. put in the kind of earnings performance that will satisfy the bulls (of whom there are many) yet support the bears (whose headcount is smaller).
China’s dominant purveyor of online commerce posted growth that highlights the weakness in its traditional businesses of selling ads to its online merchants, and collecting commissions from transactions. The latter climbed by just 23%, the slowest growth since Alibaba started providing figures two years ago.
