Alibaba logistics group Cainiao grew 26% over the past year
China internet giant Alibaba Thursday reported September-quarter results that beat earnings but showed another quarter of weak revenue performance. The e-commerce firm reported adjusted earnings of $1.82 per U.S. share on revenue of $29.12 billion. On a year-over-year basis, Alibaba’s earnings rose 15% while sales increased 3%. In the prior quarter, revenue fell by 4%. Cainiao Logistics …
