Revenue - Alibaba $3.06 billion, VIPS $651 million, DANG $326 million
Net Income - Alibaba $1.36 billion, VIPS $25.4 million, $3.6 million
EPS - VIPS $0.49, DANG $0.04
Active Customers - VIPS 5.7 million, DANG 8.9 million
Orders - VIPS 17.7 million, DANG 18.1 million
I'd like to believe reports that DANG spent a lot of years and cash building warehouses and a solid distribution network and is now ready to profit. Guess we'll have some indication a week from tomorrow.
Hope the rest of the year is interesting in a good way.
This is why you are an idiot. They are growing their business. Income is going to be low right now. They just turned a profit for the first time last quarter. This quarter Income is 2% or more and revenue will increase which will increase income. The market sucks for Tech, especially China right now and does not indicate the performance of this company. Things will turn and when they do who knows what the price will go to. I would not want to be short into earnings as the same thing could happen as last quarter and shorts will scramble next Thursday.