The Alibaba Group reported first quarter results which ended 31st March 2014. The company posted a net profit of US$893 million, an increase of 32% over the same period last year. Revenue was up 38% to US$1.9 billion. This represents a slowing of the growth rate which was 62% in the first quarter of 2013.
Source: Business Strategies Group Hong Kong – www.bsgasia.com