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In positive year for Alibaba, Taobao lags behind

Alibaba Group released its financial results for Q4 and full FY2016/17 to end-March 2017. As for Tencent, which reported earnings earlier this week, all indications were extremely positive for the e-commerce and entertainment giant, as Alibaba’s revenue grew by 56 percent to RMB 158 billion ($22 billion U.S.) in FY2016/17 from FY2015/16, driven by expansion into new sectors.



Big profit jump for Denmark’s Jobindex in Q1

Danish jobs site Jobindex has really perfected it: the printing of money by selling classified ads, that is. The listed recruitment site, which holds more than 60 percent of the Danish market for job ads, presented its earnings report for Q1 of FY2017 earlier this week. It revealed another best-ever, quarterly performance.



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